China Everbright, HK’s Friedmann buy Albania’s airport operator


SHANGHAI: China Everbright Group, a state-backed financial firm, has bought into Albania’s international airport in partnership with a Hong Kong-based investment firm, the latest deal highlighting China’s ambition to rebuild Silk Road trade links with Europe and Asia.

Beijing has estimated its much-hyped “One Belt, One Road” initiative will add US$2.5 trillion to China’s trade over 10 years and Chinese firms are increasingly lending their support with aggressive investment in overseas infrastructure projects.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Paragon Globe proposes to sell Johor land for RM238.32mil
Axiata, Sinar Mas seek permission for Indonesia telco merger, minister says
Independent auditor raises going concerns about Pharmaniaga
Ringgit ends lower on firmer US dollar index
Artroniq sells Penang property for RM1.8mil
Digital banks will not affect traditional banks in Malaysia
Dufu sees rise in global semiconductor sales and memory sector
MICCI, Penang work together to boost competitiveness in semiconductors, ports, trade
VSTECS appointed as the first Amazon Web Services distributor in Malaysia
Apple’s China iPhone shipments soar 12% in March after discounts

Others Also Read