Sunday, August 3, 2025
23.7 C
Lagos

China Plans $12bn Aviation Investment in 2O16

The Civil Aviation Administration of China (CAAC) reported that this year China is planning to invest $11.9 billion into country’s aviation infrastructure.

According to Feng Zhenglin, Head of CAAC, the money will be spent mainly on airport constructions, including 11 new projects and renovation of 52 existing facilities.

“The general aviation sector, especially aircraft research and manufacturing, has become a hot spot of both industrial upgrading and social concern,” said Feng Zhenglin, Head of the CAAC.

CAAC also stated that China has been putting a lot of effort into improving transportation and increasing employment rates in the service sector.

spot_img
spot_img

Hot this week

SEC: Why We Granted “No Objection” to First Holdco Transaction

The Securities and Exchange Commission (SEC) Nigeria wishes to...

Capital Market to Unlock $500bn Assets via Commodities Exchanges, Warehouses

The Director General, Securities and Exchange Commission (SEC), Dr....

SEC Disowns AGM of Tourist Company of Nigeria, Reaffirms Regulatory Oversight

The Securities and Exchange Commission (SEC) has disowned the...

NCDMB Leads Push for Homegrown Talents at Chevron-funded HCD Graduation

The Nigerian Content Development and Monitoring Board has reaffirmed...

Linkage Assurance Reports 50% Revenue Growth in 2024

L-R: Funkazi Koroye-Crooks, Non-Executive Director; Moses Omoregbe, Company Secretary;...

Topics

Top 5 Business Risks for West Africa in 2018

As Nigeria exits the recession of 2017, investor sentiment...

ADB Provides $159m to Ethiopian Airline for Expansion

The African Development Bank (AfDB) announced in a statement...

SMILE Unveils Lowest 4G LTE Mobile Call Rates in Nigeria

‘Today, I am proud to announce the lowest call...

DBN CEO Lauds Ecobank, AUDA-NEPAD Partnership for MSMEs

Managing Director, Development Bank of Nigeria (DBN), Tony Okpanachi has...

5G: Mafab, MTN Emerge Winners in Nigeria’s 3.5GHz Spectrum Auction

(L-R): Dr. Abimbola Alale, Managing Director, Nigerian Communications Satellite;...

Africa Finance Corp Announces $300m Loan from EXIM Bank of China

Africa Finance Corporation (AFC), the leading infrastructure development finance...

Veritas Kapital Assurance Reports 1101% Net Profit Growth in 2023

Veritas Kapital Assurance Plc, one of Nigeria’s leading insurance...

NSE Records N1.27tr Market Turnover in 2017

L – R: Tony Ibeziako, Ag. Head, Listings Business...
spot_img

Related Articles

Popular Categories

spot_imgspot_img