CSCECChina State Construction Engineering Corporation
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Then CSCEC was asked to submit an alternative bid with a rationalised bid price of Rs294 billion after doing negotiations with the lowest bidder.
CSCEC is one of the biggest contactors in the world and after careful consideration of various aspects, we agreed to the proposed partnership," said Mohammed Tahaineh, senior vice-president (Commercial) at DAMAC Properties.
CSCEC ME is an integrated part and one of the major overseas operational entities of CSCEC, whose shares are traded on the Shanghai Stock Exchange.
A team of Bataan officials recently went too China to see for themselves the facilities, equipment and office of the CSCEC.
According to sources, both Petronas and China's CSCEC are lobbying officials of the ruling Democratic Party of Korea.
Minister of State for Water and Power, Chaudhry Abid Sher Ali, Sindh Minister for Finance Syed Murad Ali Shah and Chairman, Chinese Company CSCEC, Lu Chun and the Consul General of China in Karachi were also present.
CSCEC, which is the world's third-biggest contractor, said the successful completion of both projects would help to boost its brand and reputation in the region.
Yu Tao, president and CEO of CSCEC Middle East, also the main contractor on the project, expressed his delight at the new partnership
CSCEC was also represented by the company's General Manager Zhang Zuohe.
Manager of CSCEC, present in Algeria for three decades has, at this meeting, expressed the wish of investing in two projects: one focuses on the construction of a cement plant, the second on the construction of bitumen production unit.
Yi Jun, President CSCEC to Pakistans Ambassador to China, Masood Khan at the Pakistan Embassy her CSCEC is one of the leading Chinese companies operating in Pakistan.
BANKING AND CREDIT NEWS-31 August 2010-China's CSCEC to sell CNY10bn notes via Bank of Communications, CICC(C)1994-2010 M2 COMMUNICATIONS http://www.