Off the wire
• Scottish first minister unveils gov't program to boost economic growth  • Aging population presents demographic challenge in Cuba  • Chicago agricultural commodities close mixed  • Malta plays part in operation to destroy Libyan toxic chemicals  • (G20 Summit) Interview: China endows G20 with long-term vision, say Argentine experts  • UN delivers aid to over 30,000 besieged people in northern Iraq  • Feature: Taiwan director brings Myanmar migrants' plight into focus at Venice Film Festival  • Cypriot lose 3-0 to Belgium at home  • Portugal's President of National Authority of Civil Protection resigns  • Nasdaq closes at record high amid economic data  
You are here: 　 Home

Birmingham signs 2.7 bln USD investment deal with Chinese development company

Xinhua, September 7, 2016 Adjust font size:

The leader of Britain's second biggest city, Birmingham, Tuesday signed an investment deal worth up to 2.7 billion U.S. dollars signed with a major Chinese development company.

The city council in an official notice said its leader Councillor John Clancy has signed a Joint Statement of Investment Commitment with Country Garden.

It will initially see the Guangdong-based company explore large scale investment opportunities in Birmingham city region area with particular focus on regeneration and investment options related to the HS2 (high speed rail) project.

It will also see the two partners work jointly to find areas of collaboration with regard to delivering significant new housing stock in Birmingham city and the surrounding area.

Clancy is currently on a week-long trade mission to China, where he is looking for big-money investors to build houses and create jobs across the city, said a council spokesman.

Declaring that "Birmingham is Open for business", Clancy said: "The landscape has inevitably changed post-Brexit and Birmingham is already out of the starting blocks... This agreement is about bringing good jobs and quality homes to Birmingham." Endit