[Comrade Fu Gangfeng served as chairman of SDIC] On June 17, 2022, China Development and Investment Group Co., Ltd. held a meeting of middle-level and above managers. The relevant responsible comrades of the Central Organization Department announced at the meeting the central government's decision on the appointment of the chairman and party secretary of China Development and Investment Group Co., Ltd.: Comrade Fu Gangfeng was appointed as the chairman and party secretary of China Development and Investment Group Co., Ltd., and he was removed from COSCO Group. Director, general manager and deputy secretary of the party group of Shipping Group Co., Ltd. Editor / Zhao E

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• 2026.08.05 16:36
• [Saudi Aramco completes bidding for multiple offshore oil and gas EPCI projects]
• Saudi Aramco is advancing the construction of offshore oil and gas production capacity. The bidding documents for five offshore EPCI projects will be submitted on August 1, 2026, involving six major offshore oil and gas fields. The bidding has been delayed multiple times. The project covers the construction of pipeline racks, production deck modules, and the improvement of offshore production facilities. Saudi Aramco's recent offshore capital investment has continued to rise, having previously awarded multiple large contracts. CNOOC Engineering has won the relevant CRPO contract in April 2026, and the Saudi market continues to release opportunities for global engineering companies.Editor/Gong Ziwei

• 2026.08.05 16:32
• [Sinoma International signs $476 million cement equipment contract with Nigeria]
• Recently, Sinoma International signed a $476 million equipment supply contract with Dangote Industries in Nigeria to provide core equipment, materials, and a 12-month warranty for two new clinker production lines at Itoli Cement Plant. The production line can produce 6000 tons of clinker per day, and it is planned to produce clinker within 24 months after equipment debugging. The project aligns with Dangote's development vision and will help expand local cement production capacity and increase exports, continuing the cooperation between the two parties and demonstrating the strength of Chinese enterprises' deep participation in African infrastructure.Editor/Gong Ziwei