High-speed project gets Kuwaiti funds
By Zhong Nan | China Daily | Updated: 2019-10-12 07:15
Jinan-Qingdao railway receives $200m investment from foreign investor
The Kuwait Investment Authority's investment in the Jinan-Qingdao high-speed railroad in East China's Shandong province will propel more global investors to be part of big-ticket projects conducted by State-owned enterprises, analysts said on Friday.
Their comments came after the State-owned Shandong Railway Investment Holding Group Co, signed an investment agreement to transfer a 7.16 percent stake to CICC Capital - an investment unit of China International Capital Corp and an investment subsidiary of Agricultural Bank of China for 2.39 billion yuan ($336 million) on Thursday.
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