[In 2022, China's foreign contracted projects will turnover of 1 trillion yuan]Recently, the State Council Information Office held a press conference. At the meeting, Vice Minister of Commerce Guo Tingting introduced that in 2022, foreign non-financial direct investment will be 785.94 billion yuan, an increase of 7.2%. Among them, investment in countries along the Belt and Road increased by 7.7%, accounting for 17.9%. Foreign contracted projects developed steadily, with a turnover of 1.0 trillion yuan, an increase of 4.3%, and 59 new projects with a contract value of more than 50 million US dollars compared with 2021. Editor/Xu Shengpeng
Saudi Arabia's Hafei Company has signed a 760MW photovoltaic plus 1077MWh energy storage purchase agreement with Syrian Electricity Company, with a term of 20 to 25 years and a starting price of 3 cents per kilowatt hour. It has also signed technical cooperation agreements with Saudi Electricity Company and Siemens Energy.Editor/Gao Xue
On August 18, 2026, Ambassador to the United Arab Emirates Zeng Jixin paid a visit to the Director General of the Abu Dhabi Press Club, Faisal. The two sides exchanged views on deepening media cooperation between the two countries and promoting comprehensive and objective understanding of China Arab relations among all sectors.Editor/Gao Xue