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$7 billion!

 Last Update: 2022-04-23
 Source: Internet
 Author: User

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On March 22, four companies from China and Algeria signed an agreement worth nearly US$7 billion to develop Algeria's first integrated phosphate project

It is reported that China Wuhuan Engineering Co.

Algeria is located in North Africa and is rich in phosphate and oil and gas resources.

In Algeria-China Fertilizer Company, Algerian shareholders account for 56%, and Chinese shareholders account for 44%

12,000 jobs will be created in the construction phase of the project, 6,000 jobs will be created directly in the production phase, and 24,000 jobs will be created indirectly, bringing significant social and economic benefits to eastern Afghanistan

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It is planned to raise 7 billion additional funds!

05-31

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$7 billion!

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It is planned to raise 7 billion additional funds!