Zhongding

Last updated
Zhongding International Construction Group Co., Ltd.
Headquarters
Nanchang, Jiangxi
,
China
Website http://www.zhongdinggroup.com/

Zhongding International Construction Group Co., Ltd. (abbreviated as ZICG) is a Chinese construction and engineering company formed from the Zhongding International Construction Group Co., Ltd. [1] The company is listed among the 250 largest international construction contractors in 2013, having recorded international contracting revenue of US$275.4 million. [2]

One of the company's long time overseas operations is its subsidiary in Nepal, where it has been active since 1996. [3]

Another important overseas market is Algeria. Since the early 1990s, an affiliated company, the Pingxiang Coal Group has worked in Algeria on dozens of medium and large projects. [4] The construction by Zhongding of a sewage system in Oran in 2008 was used as an example in a Financial Times article titled "Algeria turns to Chinese knowhow". [5] Also in Algeria it along with Jiangling Motors Group sought to build a special economic zone for 30-50 Chinese enterprises to establish manufacturing of automobiles, construction materials, and other products. [4] However, a change in the Algerian foreign investment law required a local co-investor hold a majority stake in such kinds of investments, which stymied the project, putting it on hold. [4]

In a contracting project in Botswana, it was brought on by the Chinese government to build the Gaborone Multi-Purpose Youth Center, a sports center for the youth, given as a gift by China to be used for the 2014 African youth games.[ citation needed ] Construction started in 2009 and was completed in time for a hand off ceremony in December 2012. [6]

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References

  1. ↑ "Company Profile". Zhongding International Construction Group. Archived from the original on February 22, 2014.
  2. ↑ "The Top 250 International Contractors". Engineering News Record. 2013.
  3. ↑ "Chinese Company Elects Nepali Laborer as "Model Worker"". China Radio International. 2010-01-05.
  4. 1 2 3 Special Economic Zones: Progress, Emerging Challenges, and Future Directions . World Bank Publications. 2011. p.  80.
  5. ↑ "Algeria turns to Chinese knowhow". The Financial Times. March 11, 2009.
  6. ↑ "China Hands Over the Multi-Purpose Youth Centre to Botswana". Government of Botswana. Archived from the original on January 1, 1970.
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