ADIH signs $6 billion deal with major Chinese firm.(Image: ) Abu Dhabi Abu Dhabi (ä`b  thä`bē, zä–, dä–), Arab. Abu Zabi, sheikhdom (1995 pop. 928,360), c. Investment House (ADIH ADIH Abu Dhabi Investment HouseADIH Another Day in Hell ) signed a memorandum of understand (MoU) with major Chinese construction firm, Shanghai Construction (Asia) Co (SCAC SCAC Southern Collegiate Athletic Conference SCAC Service de CoopĂ©ration et d’Action Culturelle (Cooperation and Cultural Action Section) SCAC Standard Carrier Alpha Code SCAC South Carolina Association of Counties ). It is designed to establish a 50-50 joint venture in order to acquire up to 16 real estate projects across China worth $6 billion. Rashad Y Janahi, managing director, ADIH, said: "This MoU signifies ADIH's commitment to unique and successful projects with major international strategic partners. "China is the biggest growing economy in the world and it is essential for us to be part of its development and growth, which also fits ADIH strategy. "We are extremely glad to have partnered with SCAC, a major player in the market where we both will be looking at implementing successful projects for our investors as well as the local community." Gaven Ching For the Chinese surname Ching 程, see . For the Chinese dynasty, see . The ching (Thai: ฉิ่ง; sometimes romanized as chhing) are small bowl-shaped finger cymbals of thick and heavy bronze, with a broad rim commonly used in Cambodia and Man Ho, chairman, SCAC said: "Our partnership with ADIH will help implement big ideas into reality. Our expertise in the construction and engineering field and ADIH's expertise in the Investment and finance sectors combined will no question be a major force. "We are proud to have partnered with ADIH, a reputable and professional investment firm that believes in what it does. "We are sure the projects in line will definitely assist in providing adequate and safe premises for the growing population of China.' The signing ceremony took place at the Renaissance Teda Hotel, Tianjin on the sidelines On the sidelines An investor who decides not to invest due to market uncertainty. on the sidelines Of or relating to investors who, having assessed the market, have decided to avoid committing their funds. of the World Economic Forum meeting. It was attended by Mr Janahi, Ali Mahmoud, head of investment and Lim Chin Hock hock: see wine. . Copyright 2008 www.tradearabia.com Copyright 2008 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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