SIPG signs deal with Qatari govt
Updated: 2016-07-26 07:06
By Zhong Nan(China Daily)
|
|||||||||
Shanghai International Port Group Co Ltd, one of China's largest ports by global cargo throughput, has signed a cooperation framework agreement with the Qatari government to provide multimodal transportation services for building sport venues of the 2022 World Cups.
Yan Jun, SIPG's president, said that as many Chinese companies will supply products such as building materials, construction machineries, steel structures, power generators, sport facilities, garments, lighting and security equipment to Qatar, the oil-rich country hopes that SIPG could help it build a multimodal transportation platform in China to ensure these goods are efficiently supplied.
Under the agreement, a trade center with strong cross-border e-commerce functions will also be established in Qatar as the country sees high demand to improve its abilities in term of building soccer stadiums, public services and security facilities.
The Qatari government in May published business cooperation documents listing products including air conditioners, electrical appliances, and telecommunication and mechanical equipment, which it needs to prepare for the World Cup.
Chinese companies such as Xuzhou Construction Machine Group and Nanjing-based SUMEC Group have provided excavators, cranes and heat-resistant power generators to their Qatari clients. Their products are already being used at the construction sites of soccer grounds and sport centers.
"Cooperation between SIPG and Qatari partners will be lucrative and all parties involved will benefit," said Yan.
SIPG is also in talks with major ports in Singapore and Malaysia to carry out information exchange and sharing services for point-to-point shipping business.
Once achieved, the whole shipping process can be seen by both shipping companies and clients through tele-control and data platform technologies.
SIPG is listed on the Shanghai Stock Exchange. Its clients include many companies in the China (Shanghai) Pilot Free Trade Zone.
Related Stories
Top 10 saving countries in the world 2016-05-26 06:55
Chinese investors' buying spree overseas extends to healthcare business 2016-07-06 13:35
China's SOEs speed up going abroad: report 2016-07-01 08:28
China continues to contribute largest share of tourists to Asia Pacific: MasterCard 2016-06-21 14:44
Consortium unveils billion-dollar homes, commercial scheme near Manchester 2015-06-19 10:49
Today's Top News
Syrian suicide bomber in Germany faces deportation
Shooting at Florida nightclub kills, wounds 16
One dead, 12 injured in blast near Nuremberg
IOC declines to issue blanket ban of Russian athletes
French president urges Britain to begin EU exit talks
Turkey to restructure its army after coup attempt
UK to keep close economic ties with Germany: May
China's Fosun buys UK's Wolves for 45 million pounds
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
Hollywood snaps up rock star's dog film |
Chinese people welcome dispossessed |
The can-do generation to the fore |
Riding the wave |
Leisure giants buoy cruise market |
She followed her heart |