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UK government welcomes £1.7bn Chinese project in London

16 Nov 2016

UK Prime Minister Theresa May has strengthened Britain’s relationship with China by welcoming a Chinese developer’s plans to construct a £1.7 billion business district in London’s east docklands. 

 

Headed up by developer ABP, the project will be supported by Chinese contractor CITIC Construction which will reportedly invest £320 million in the first phase of the £1.7 billion Royal Albert Docks Development. 

“As we take the next step in this golden era of relations between the UK and China, I’m excited about the opportunities for expanding trade and investment between our two countries,” said May. 

 

May further mentioned that the government will also showcase 13 projects totalling £5.5 billion to investors. 

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