AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.72 Increased By ▲ 0.68 (0.54%)
BOP 6.59 Decreased By ▼ -0.08 (-1.2%)
CNERGY 4.46 Decreased By ▼ -0.05 (-1.11%)
DCL 8.45 Decreased By ▼ -0.10 (-1.17%)
DFML 41.90 Increased By ▲ 0.46 (1.11%)
DGKC 87.00 Increased By ▲ 0.15 (0.17%)
FCCL 31.91 Decreased By ▼ -0.37 (-1.15%)
FFBL 64.88 Increased By ▲ 0.08 (0.12%)
FFL 10.15 Decreased By ▼ -0.10 (-0.98%)
HUBC 109.30 Decreased By ▼ -0.27 (-0.25%)
HUMNL 14.66 Decreased By ▼ -0.02 (-0.14%)
KEL 5.10 Increased By ▲ 0.05 (0.99%)
KOSM 7.20 Decreased By ▼ -0.26 (-3.49%)
MLCF 41.41 Increased By ▲ 0.03 (0.07%)
NBP 59.75 Decreased By ▼ -0.66 (-1.09%)
OGDC 194.75 Increased By ▲ 4.65 (2.45%)
PAEL 28.20 Increased By ▲ 0.37 (1.33%)
PIBTL 7.75 Decreased By ▼ -0.08 (-1.02%)
PPL 151.19 Increased By ▲ 1.13 (0.75%)
PRL 26.59 Decreased By ▼ -0.29 (-1.08%)
PTC 16.10 Increased By ▲ 0.03 (0.19%)
SEARL 78.50 Decreased By ▼ -7.50 (-8.72%)
TELE 7.44 Decreased By ▼ -0.27 (-3.5%)
TOMCL 35.42 Increased By ▲ 0.01 (0.03%)
TPLP 8.16 Increased By ▲ 0.04 (0.49%)
TREET 16.07 Decreased By ▼ -0.34 (-2.07%)
TRG 52.70 Decreased By ▼ -0.59 (-1.11%)
UNITY 26.61 Increased By ▲ 0.45 (1.72%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,934 Increased By 50.6 (0.51%)
BR30 30,915 Increased By 315.4 (1.03%)
KSE100 93,843 Increased By 487.6 (0.52%)
KSE30 29,073 Increased By 141.7 (0.49%)

Beijing has invested more than $1.5 billion (1.1 billion euros) over the past decade in Algeria, where 50 top Chinese companies and 30,000 workers are based, media reported on Sunday. By the end of 2012, China's total investments in the North African country over the past decade reached $1.5 billion, Beijing's ambassador to Algiers Liu Yuhe told the daily Liberte.
"More than 30,000 Chinese people work in Algeria in sectors including railway and road construction. They are also helping to develop the water sector," he said. Algeria has granted 50 Chinese companies building contracts worth a total of $20 billion, including giving the $1.5-billion contract for a huge mosque in Algiers to the China State Construction Engineering Corporation. The project is due to be completed in 2015.
Such deals have made Algeria the most important African market for Chinese businesses, and one of the most important in the world, the African Development Bank said.

Copyright Agence France-Presse, 2013

Comments

Comments are closed.