Construction to Commence on $3.3 Billion Deep-Water Port in Algeria, Backed by Chinese Financing and Chinese State-Owned Contractors
Posted Friday, March 26, 2021 at 2:19pm
On March 22, it was reported that construction of Algeria’s new China-backed $3.3 billion commercial deep-water seaport would begin in May 2021 and take four years to complete. The new port, which will be situated near the town of Cherchell, is being constructed by a Chinese-Algerian consortium of companies that include state-owned China Harbour Engineering Corporation (CHEC), China State Construction Engineering Corporation (CSEC), and ...
Huawei to Deploy 5G and AI Capabilities at Strategic Omani Port on the Strait of Hormuz
Posted Wednesday, March 17, 2021 at 2:08pm
On March 14, it was reported that Huawei and Oman’s largest state-run telecommunications company, Omantel, entered into a tri-party “Proof of Concept” agreement with the operator of Sohar Port to deploy 5G and artificial intelligence capabilities at the port's container handling terminal. The agreement was the latest indicator of Chinese interest and/or investment in the port, building on expressions of interest from Beijing that were ...
Serbia to Establish First European Production Facilities for Chinese and Russian Vaccines
Posted Friday, March 12, 2021 at 3:03pm
On March 11, Serbian President Alexander Vucic announced that Serbia would be setting up a factory near Belgrade to produce Sinopharm COVID-19 vaccines by October 2021, with financial support from China and the United Arab Emirates. The site would represent the first Chinese COVID-19 vaccine production facility in Europe. Vucic noted that the factory, with a production capacity of 2-3 million vaccines per month, would provide a long-term ...