Chinese enterprises double-engine giant ships, drawing the city of Saudi steel.

Chinese enterprises double-engine giant ships, drawing the city of Saudi steel.
On August 16, the signing ceremony of strategic cooperation between Xintian Steel Group and TEDA Holdings was held in Tianjin. According to the agreement, the two companies will deepen cooperation on the 10 million-ton steel manufacturing project and the characteristic steel industrial park project to be built by Xintian Steel in Saudi Arabia.

Tianjin Xintian Steel Group Co., Ltd. (hereinafter referred to as "Xintian Steel Group") Executive President Kan Yonghai, Vice President Zhang Jixing, Human Resources Director Liu Jia, Legal Director Zhang Fu, Dexin Steel Group Engineering Director Wang Sihai, General Minister Wang Da, Tianjin TEDA Investment Holdings Co., Ltd. (hereinafter referred to as "TEDA Holdings") Party Secretary and Chairman Qu Defu, Deputy General Manager Wang Yuexin, Investment Project Management Department Minister Yang Xing, china-Africa TEDA Investment Co., Ltd. (hereinafter referred to as "China-Africa TEDA") Chairman Liu Aimin, Deputy General Manager Wei Jianqing, and Industrial Real Estate Investment Director Cao Hui attended the meeting.

Giants hold hands, come prepared

Jointly go to sea, the goal is grand, it seems that the road is far away and difficult. However, the cooperation between the two companies not only has the confidence brought by strong comprehensive strength, but also has professional complementary advantages and resource response.

Qu Defu, secretary of the party committee and chairman of TEDA Holdings, said in his speech that as a backbone state-owned enterprise in Tianjin, TEDA Holdings after comprehensive reform aims to build a first-class cross-border state-owned capital investment company, focusing on the three major industries of urban comprehensive development, finance and industry, and strengthening the two major functions of capital operation and asset management. The China-Egypt TEDA Suez Economic and Trade Cooperation Zone, which is developed under the leadership of China-Africa TEDA, is the only two international-level overseas economic and trade cooperation zones that have been unveiled by national leaders. After more than ten years of development and construction, it has become an important platform for China-Egypt economic and trade cooperation. Tianjin Zhongsha Taida Industrial Park Management Co., Ltd. has worked intensively in Saudi Arabia for many years and has accumulated excellent political and business resources. Light and heavy assets business to promote, for Chinese enterprises to invest in sand to provide one-stop full-process services. TEDA Holdings will work together with Xintiangang to become the main force in building a "double cycle" new development pattern, building a modern economic system, and promoting high-quality development in the new era, and jointly contribute to Tianjin's deep integration into the "Belt and Road" construction. Add bricks and tiles, and greet the 20th National Congress of the Party with outstanding results.

In his speech, Kan Yonghai, CEO of Xintian Steel Group, introduced Delong Group's successful participation in the mixed reform of the "Bosteel System" and the historic breakthrough made since the establishment of Xintian Steel Group, and pointed out that Xintian Steel is a collection of smelting, steel rolling, Coking, technology research and development, business trade, hotel services as one of the large-scale mixed-ownership steel joint enterprises. Its parent company, Delong Steel Group, ranked 469th in the world's top 500 in 2021. He said that this time, the signing of strategic cooperation with TEDA Holdings is based on long-term win-win considerations, based on common interests, and is the inevitable result of in-depth cooperation. The outlook is bright and the future is promising!

Half Wall Saudi, or more

On June 7, 2022, the World Iron and Steel Association released the World Steel Statistics 2022. According to the data, Saudi Arabia's crude steel output in 2020 is 7.8 million tons, and that in 2021 is 8.7 million tons-which means that once the cooperation target of TEDA Holding and Xintian Steel's 10 million-ton steel manufacturing project is reached, Saudi Arabia's steel output can be doubled directly, and the proportion will be even more considerable, coupled with the empowerment of the steel industry park. If other factors are put aside, in 2021 alone, Saudi Arabia's steel production will surpass Mexico (18.5 million tons), and the international ranking will jump six places. This will also become another important successful case of Tianjin enterprises helping China to cooperate with countries along the "Belt and Road.

The signing of this strategic cooperation agreement is a key action for TEDA Holdings and New Tiangang to focus on long-term strategic layout, practice enterprise responsibility and explore the self-requirements of brand going out to sea, but also to speed up the construction of Chinese overseas steel mills, realize the "going out" of production capacity and technology, and thus promote the formation of a "double cycle" pattern. This indicates that the two sides have entered a stage of all-round and in-depth cooperation. In the next step, TEDA Holdings will work together with Xintiangang to further coordinate and prosper together in the construction of 10 million-ton steel manufacturing projects, the construction of characteristic steel industrial parks, and the revitalization of U.S. steel pipe projects under the guidance of top-level design. With high-quality development, we will promote the docking of the "Belt and Road Initiative" initiative with Saudi Arabia's "2030 Vision" and set a model for more international steel cooperation projects.

A giant ship propelled by two powerful engines is sailing from Tianjin along the "Belt and Road" to Saudi Arabia, to the world, and to the future.