Jiangsu Construction Enterprises undertake overseas projects covering more than 120 countries and regions
Xinhua News Agency, Nanjing, 18 Nov (Reporter Deng Huanning) the reporter learned from the Jiangsu Provincial Housing and Construction Department that with the continuous progress of the "Belt and Road Initiative" construction, Jiangsu construction enterprises have undertaken overseas projects that have covered more than 120 countries and regions around the world. The data show that from January to September 2019, enterprises in Jiangsu Province signed new contracts worth US $4.89 billion and completed a turnover of US $5.94 billion, maintaining a good development trend.
According to the person in charge of the Jiangsu Provincial Housing and Construction Department, the total output value of the construction industry in Jiangsu Province ranks first in the country for 12 consecutive years. In 2018, the total output value of the province's construction industry reached 3.5 trillion yuan. From January to September this year, the total output value of the construction industry in the province reached 2.44 trillion yuan. While based on the whole country, Jiangsu construction industry is also going to the world. In 2018, Jiangsu enterprises signed new contracts worth 6.59 billion US dollars for foreign contracted projects. In recent years, Jiangsu construction enterprises seize the construction opportunity of "Belt and Road Initiative" and expand the scope of the project from 42 countries along the route to 50.
It is reported that between 2016 and 2030, Southeast Asia needs to invest about US $210 billion a year in infrastructure construction, equivalent to 5.7% of GDP, according to a research report by the Asian Development Bank. Investment in the region is now well below that level. As the largest economy of ASEAN, Indonesia has the largest construction market in Southeast Asia and has great potential for development in roads, bridges, ports and other infrastructure fields. It is highly complementary to Jiangsu Province in resource development, trade exchanges, infrastructure construction and so on. To this end, on November 19 this year, Jiangsu will hold a promotion meeting in the field of Jiangsu construction (Indonesia) in Jakarta, Indonesia. Nearly 120 enterprises and more than 300 people from Jiangsu and Indonesia have confirmed their participation in the promotion activities.