CHANGSHA, CHINA, April 23, 2012 - China Communications Construction Co., Ltd. (CCCC) and SANY Group have signed a strategic cooperation agreement to develop the Doha Port and the 2022 World Cup soccer stadium in Qatar.
SANY Heavy Industry Chairman Liang Wengen, President Xiang Wenbo and CEO Yi Xiaogang were joined at the ceremony by CCCC Chairman and Deputy Party Committee Secretary Zhou Jichang and Supervisory Board Chairman and Deputy Party Committee Secretary Liu Xiangdong.
As one of the world’s top 500 enterprises, CCCC develops real estate and builds ports, wharfs, waterways, highways, bridges, railways, tunnels, and municipal projects. The company conducts business in more than 100 countries and is listed on the Hong Kong stock exchange on December 15th, 2006.
The Qatar construction partnership represents a milestone in cooperation between the Chinese and Qatar governments and includes the construction of the Doha Port and the 2022 World Cup stadium facilities. Eight kilometers of frontage will be built at the Doha Port, requiring the excavation of roughly 65 million cubic meters of earth and rock. This is more than 70% of the volume of China’s Three Gorges Project.
As China’s top construction machinery manufacturer, SANY Group will provide a variety of products, including concrete pump trucks, excavators and crawler cranes to CCCC. Currently, more than 60 pieces of SANY equipment are working at the Doha Port project, and other products, such as concrete batching plants, will assist in the construction of the Doha 2022 World Cup stadium.
The partnership marks the first time SANY Heavy Industry has entered a strategic construction alliance since completing the acquisition of Putzmeister on April 16th, 2012.
Brief Introduction of CCCC:
Founded in 2006, CCCC resulted from the restructuring of China Communications Construction Group Co., Ltd. That same year, the company listed on the Hong Kong stock exchange and now has total assets in excess of 300 billion RMB. CCCC became the first large state-owned infrastructure enterprise to wholly list on an overseas market.