Tuesday September 17, 2019 00:11

Properties Press Release : 22 Aug 2019

Sansiri PLC raises its stake in Standard International from 37% to 59% given confidence in the companys global expansion plans Properties—22 Aug 19

Sansiri PLC, Thailand's leading real estate developer, announced its investment to increase its shareholding in Standard International Holdings (SIH), the parent company of The Standard, an American hotel brand known for its taste-making clientele,

IMKAN Awards China#s CNTC as Main Contractor for Pixel Project in Makers District on Reem Island Properties—22 Aug 19

ABU DHABI, UAE--22 Aug--PRNewswire/InfoQuest
Abu Dhabi-based developer's partnership with CNTC mirrors the capital's support for the China Belt and Road Initiative

Esteemed Chinese construction company China Nantong Sanjian Construction Group (CNTC), has been awarded as the main contractor for IMKAN's Pixel project in Abu Dhabi. IMKAN, a wholly owned subsidiary of Abu Dhabi Capital Group (ADCG), is a research-based real estate developer with a portfolio of 26 projects spanning three continents.

CNTC has been in operation for more than 60 years and is one of China's largest construction companies with a presence in over 35 countries and 120 cities.

IMKAN's CEO, Walid El-Hindi said: "Our companies' union mirrors the close relationship between the UAE and China. Abu Dhabi is a hub for global trade and the UAE is set to play a pivotal role in the China Belt and Road Initiative."

CNTC's Vice President, Xinrong Xu said: "We welcome this collaboration. China and the UAE enjoy a symbiotic relationship that encompasses culture, investment and trade and is underpinned by a deep understanding of the important role we both play in the region's economic development and prosperity."

CNTC, who have received, the Luban Award, more than 15 times, have aided in projects such as Shanghai Center Building; termi