BEIJING: China signed an agreement yesterday to buy 300 airplanes from US aerospace giant Boeing valued over $37 billion, as part of a multi-billion dollar raft of deals announced during President Donald Trump’s visit to Beijing.
The agreement for China Aviation Suppliers Holding to buy the single-aisle and twin-aisle aircraft was among the more than $250 billion in agreements announced at a ceremony attended by Trump and Chinese leader Xi Jinping.
A Boeing statement said the agreement includes “orders and commitments” to buy the aircraft, but it did not give a further breakdown.
In September 2015, Boeing had already received an order from CASC for 300 aircraft valued at a record $38 billion at list prices.
Boeing and European rival Airbus are competing heavily in China, the world’s second aircraft market, with the US company forecasting that the Asian giant needs over 7,200 commercial aircraft in the next 20 years.
China, meanwhile, has developed its own medium-haul C919 in a bid to challenge the Airbus-Boeing duopoly.
China signs $37 billion deal to buy 300 Boeing planes
China signs $37 billion deal to buy 300 Boeing planes
IsDB, Uzbekistan sign financing agreements in AlUla for transport, education sectors
ALULA: Islamic Development Bank Group President Muhammad Al-Jasser and Uzbekistan’s Deputy Prime Minister and Minister of Economy and Finance Jamshid Kuchkarov signed financing agreements to support key infrastructure and social development projects on the sidelines of the Second AlUla Conference on Emerging Market Economies.
The two sides also held talks to expand cooperation between the IsDB and Uzbekistan, focusing on accelerating high-impact initiatives aligned with Uzbekistan's national development priorities.
The first agreement covers a $70 million phase of the IsDB’s total $192 million commitment to rehabilitate the 4R40 Dashtabad–Zaamin–Bakhmal–Galyaaral road.
The financing will support the reconstruction of 143 km of the regional highway and the rehabilitation of 30 km of local and rural roads in Jizzakh Region.
The project aims to ease traffic congestion, improve road safety for more than 200,000 people, enhance access to markets and social services, and boost economic and tourism potential.
The second agreement formalizes a $94.06 million phase of the IsDB’s total contribution of $160.25 million to the SmartEd project.
The initiative includes the construction and equipping of 58 new educational institutions and the addition of 2,431 classrooms to existing schools across Uzbekistan.
It seeks to establish a comprehensive competency-based education system benefiting approximately 72,930 students annually, while providing specialized training for more than 36,115 teachers and administrative staff.
Al-Jasser reaffirmed the IsDB's commitment to supporting Uzbekistan’s development through results-focused cooperation, according to a statement.
Kuchkarov welcomed the continued partnership, highlighting the importance of sustained investment in connectivity and human capital to ensure long-term, resilient growth, the IsDB release added.
In December, the IsDB approved a new package of projects totaling approximately $1.36 billion to support 12 member countries, including Uzbekistan.
The Islamic development finance institution allocated a total financing of $110 million for photovoltaic solar and battery storage projects at the Samarkand I and Samarkand II facilities, enhancing the capacities of the national grid.
