[Saipem wins $1.25 billion onshore and offshore contracts in Middle East] Saipem has secured US$1.25 billion worth of onshore and offshore contracts in the Middle East. The first group deals with the extension of onshore drilling contracts in the Middle East with a total value of approximately US$600 million. The award relates to a ten-year extension of existing contracts for four onshore drilling rigs located in the Middle East. Editor/Xing Wentao

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• 2026.03.25 15:13
• [Construction machinery exports surge 33.4% at the beginning of 2026]
• In the first two months of 2026, the export of construction machinery reached US $10.69 billion, a sharp increase of 33.4%. Latin America and Africa became new engines of growth, and the the Belt and Road contributed significantly. Growth momentum switching: Electric loaders surged 112.7%, with high value-added products leading the way. Enterprises upgrade from selling products to building ecosystems: Zoomlion Hungary factory is established, and Shantui Co., Ltd. is deeply cultivating regional differentiation. More importantly, the industry is shifting from exporting individual products to collaborating with the entire industry chain to go global. By building deep barriers through localized factories and supporting services, China's construction machinery is accelerating towards a new stage of global manufacturing. Editor/Cheng Liting

• 2026.03.25 11:42
• [Henan Luhun Irrigation District Renovation Project Approved]
• Recently, the Development and Reform Commission of Henan Province approved the feasibility study report of the modernization renovation project of Luhun Irrigation District in Henan Province, which benefits 7 counties (cities, districts) in Luoyang, Pingdingshan, and Zhengzhou. This place experiences nine droughts in ten years, making it difficult to irrigate with water. The total construction period of the renovation project is 36 months, which will upgrade the channels and water pipelines, build and renovate 24 new channels (pipes) and 214 buildings, improve the level of informatization, and improve the irrigation area after completion. Editor/Cheng Liting