Arab Today, arab today chinese group in 12bn british airport development deal
Last Updated : GMT 16:53:24
Arab Today, arab today
Arab Today, arab today

Chinese group in $1.2bn British airport development deal

Arab Today, arab today

Arab Today, arab today Chinese group in $1.2bn British airport development deal

Beijing - AFP

Chinese construction giant Beijing Construction Engineering Group (BCEG) has signed a deal with British firms to develop a business district around Manchester airport, the companies involved in the project announced on Sunday. The development of Britain\'s third busiest airport -- described as one of the largest construction projects in the United Kingdom since the 2012 London Olympics -- will cost £800 million ($1.27 billion). MAG, the operator of Manchester airport; GMPF, a pension fund based in the city; and the British construction group Carillion will work alongside BCEG in the joint project, a statement released by the companies said. A breakdown of each company\'s investment in the business district, dubbed \"Airport City\", was not given in the statement. British finance minister George Osborne, who is currently on a trip to China hoping to boost trade ties between the two nations, wrote on his verified Twitter account that the development is \"one of the largest\" in Britain since the Olympics, and would eventually create 16,000 jobs for the region. Once built, \"Airport City\" will take up five million square feet (460,000 square metres) and will boast a mix of offices, hotels, advanced manufacturing firms, logistics and warehousing, the statement said. Manchester Airport is currently used by over 20 million passengers annually. The city and surrounding North West region contains 6.5 million people, eight percent of the UK\'s population. The deal comes at a time when Britain is seeking to boost trade with the world\'s second largest economy, with both nations agreeing in 2010 to double their trade to $100 billion by 2015. \"We see our involvement in Airport City as an extension of the memorandum of understanding between China and the UK, where we have been looking to further explore joint infrastructure opportunities for some time,\" said Xing Yan, Managing Director of BCEG. Charlie Cornish, Chief Executive of MAG, added: \"The inclusion of BCEG is significant because as a Group, we have been keen to forge greater links with the Far East and this gives us an opportunity to strengthen vital business links with China.\" Earlier this month a Chinese investment firm announced plans to resurrect London\'s Crystal Palace, once the largest glass structure in the world and the venue for the 1851 Great Exhibition, in a deal worth $800 million.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese group in 12bn british airport development deal Arab Today, arab today chinese group in 12bn british airport development deal

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese group in 12bn british airport development deal Arab Today, arab today chinese group in 12bn british airport development deal

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday