Chinese firm builds presence in Israel

Beijing Construction Engineering Group officially signed a construction contract as the main contractor of the Neot Ariel Sharon project in Kiryat Ono of Tel Aviv with Israeli firm Carasso Real Estate. It marks the first time a Chinese company has signed a deal as a main contractor with an Israeli real estate company. The signing is the beginning of cooperation between both sides, and it is also the beginning of BCEG’s business in Israel, said Chang Yongchun, vice-general manager of BCEG.