China breaks ground on US$5b aviation complex in UAE as Iran war risks linger
AI Summary
China Railway Construction Corporation has commenced construction of a $5 billion aircraft maintenance complex in the UAE, despite ongoing Middle East tensions involving Iran. The project, the largest of its kind in the region, highlights China's increasing influence in overseas infrastructure development.
Despite instability in the Middle East, China Railway Construction Corporation (CRCC) has begun building the world’s largest aircraft maintenance complex in the United Arab Emirates, underscoring China’s growing dominance in overseas infrastructure. The project, worth more than US$5 billion and one of the largest construction deals a Chinese builder has secured in the region, will comprise eight large maintenance hangars for aircraft storage, covering about 1.21 million square metres (13 million...