Ningbo releases report of overseas contracted projects
- Details
- Category: Governmental News
- Published: Monday, 24 October 2022 14:36
“Overseas contracting is one of the important ways for Ningbo enterprises to ‘go global’ and also an important starting point for jointly building the ‘Belt and Road’ area.” said a related person in charge from Ningbo Bureau of Commerce recently. The latest statistics show that the city has achieved a total labor cooperation turnover of US$25.64 billion for overseas contracted projects in 91 countries and regions.
With the continuous promotion of the joint building of the “Belt and Road” area to the direction of high-quality development, Ningbo has begun to change from the scale and speed type to the quality and efficiency type in terms of foreign contracted projects. Construction enterprises have been actively expanding overseas markets, participating in the country’s foreign economic assistance and the construction of “Belt and Road” projects, by undertaking projects in Southeast Asia, the Middle East, South America and Africa.
In 2021, there were 186 registered overseas enterprises and institutions, with the registered (approved) Chinese investment of US$2.43 billion, an increase of 85.92% over 2012, and the turnover of labor cooperation in overseas contracted projects stood atUS$1.88 billion, an increase of 51.86% over 2012.