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Dezhou agree­ment in Bangladesh

Bangladesh­i and Chi­nese busi­ness or­ga­ni­za­tions signed three agree­ments to strengthen re­la­tions and de­velop mu­tual co­op­er­a­tion.

The agree­ments were signed be­tween the Bangladesh In­vest­ment De­vel­op­ment Author­ity (BIDA) and the Dezhou Eco­nomic and Tech­no­log­i­cal De­vel­op­ment Zone at a sem­i­nar called China (Dezhou) Bangladesh In­vest­ment and In­dus­try Co­op­er­a­tion on Mon­day.

On the side­lines of the sem­i­nar, a busi­ness match­mak­ing ses­sion was held with the par­tic­i­pa­tion of busi­nesses from Bangladesh and Dezhou, East China’s Shan­dong Prov­ince.

Al­ge­rian phos­phate project deal

Al­ge­ria and China on Mon­day signed co­op­er­a­tion doc­u­ments for the im­ple­men­ta­tion of an in­te­grated project worth $6 bil­lion for the ex­trac­tion of phos­phate in the eastern re­gion of Al­ge­ria.

The deals were signed by the CEO of Al­ge­rian en­ergy gi­ant Sona­trach Ab­del­moumen Ould Kad­dour and Chair­man of CITIC Constructi­on Chen Xiao­jia in the prov­ince of Tebessa, in east Al­ge­ria.

The cer­e­mony was at­tended by Prime Min­is­ter Ahmed Ouyahia and his cabi­net, plus of­fi­cials from four eastern prov­inces in­volved in the project.

The two par­ties are due to meet again in De­cem­ber to sign the share­holder pact for the es­tab­lish­ment of the con­sor­tium group, as a fi­nal step that pre­cedes the start of the constructi­on stage of the project in early 2019. The pro­duc­tion phase is planned for 2022. Xin­hua

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