On February 27, China Railway Eighteenth Bureau Group held talks in Hong Kong with Intercontinental Aerospace Technology (01725.HK), the first listed commercial satellite company in Hong Kong.

The two sides had in-depth exchanges on further deepening cooperation on the Abu Dhabi Space Eco-City project, reached a series of agreements, and signed a memorandum of cooperation. In the future, the two sides will integrate resources based on their own advantages, and continue to expand areas of cooperation on the basis of cooperation on the Abu Dhabi Space Eco-City project to achieve win-win cooperation. Yan Guangtian, Chairman of China Railway Eighteenth Bureau Group, Wen Yichuan, Chairman of Intercontinental Aerospace Science and Technology, and other key leaders from both sides participated in the talks.

This time, the 18th Bureau of China Railway and Intercontinental Aerospace Science and Technology have joined forces to jointly build the Abu Dhabi Aerospace Ecological City. Whether it is the former, which has rich multinational construction experience, or the latter, which has many customer cooperation resources, this is undoubtedly a huge benefit. Not only can it improve the efficiency and quality of the Abu Dhabi Space Eco-City construction, but more importantly, if the cooperation is carried out smoothly, it is expected to accelerate the transformation of orders for intercontinental aerospace science and technology in the future and become a huge driving force on the path of commercialization of intercontinental space science and technology.

Join forces to accelerate the promotion of the international space industry

According to information, the Eighteenth Bureau of China Railway is one of the first major general contracting enterprises in the country. The group can undertake various types of construction, including railway projects, housing construction projects, highways, and tunnels, and has the qualification and right to operate outsourced projects.

The 18th Bureau of China Railway has a deep understanding of local rules, standards and requirements with its “Five Special Seven Top” qualification advantages and pre-emptive advantage in the Middle East market, and has a large number of successful cases of providing project construction to mainstream customers in the field of construction. This includes providing engineering construction services to Middle Eastern countries such as Saudi Arabia, Qatar, and the United Arab Emirates.

For example, the Maimai high-speed railway built for Saudi Arabia shortened the travel time between the two places from four hours to two hours, providing convenient services for millions of pilgrims and tourists from all over the world. It is worth mentioning that not only is the topography of the Middle East region extremely complex, but it also has to face construction problems caused by the huge temperature difference in the desert. However, the 18th Bureau of China Railway was not only not knocked down by difficulties, but instead developed a new type of steel rail to adapt to the huge temperature difference in the desert, and completed the task on schedule with quality and quantity.

Overall, the 18th Bureau of China Railway has rich multinational construction experience and territorial management advantages in the Middle East region, as well as efficient and quality-assured project delivery capabilities, which are exactly what Intercontinental Aerospace Science and Technology currently needs.

If this cooperation progresses smoothly, it can have many major positive effects for intercontinental space science and technology.

First, it can bring huge cash flow support to the company, and later it can be used to accelerate the expansion of the company's aerospace business and order execution, thereby bringing greater revenue and profit to the company.

Second, the Middle East region is an important part of the expansion of the intercontinental space science and technology business. In recent years, the company has deployed frequent locations in the region. In addition to the Abu Dhabi Space Eco-City project, the company also reached an agreement worth about 267 million US dollars with Saudi Arabia to build the largest space industry ecosystem in the Middle East, the Saudi Space City, within five years. In addition, it has successfully signed many important commercial cooperation projects with many countries and companies around the world, and has accumulated orders from all over the world.

This time, we were able to successfully advance the major Abu Dhabi Aerospace Eco-City project with the 18th Bureau of China Railway, which will bring an excellent demonstration effect to the company. The company's technology and construction capabilities in the aerospace industry can receive favorable endorsements, thereby stimulating the further transformation of potential cooperation orders.

More importantly, with the Middle East as its starting point, the company's blueprint for global development is slowly being opened up. Currently, the Middle East seems to have become an important part of the international space science and technology overseas layout. At the end of last year, an announcement was issued stating that it was decided to conduct a potential dual listing of the company's shares on the Middle East Stock Exchange. Well, it is certainly a smart move to take advantage of the advantages of China Railway Eighteenth Bureau in terms of construction to better develop business in the Middle East and maximize the company's brand in the region, thereby attracting cooperation from relevant companies around the world.

From this perspective, under the impetus of this cooperation, the quality and efficiency of intercontinental aerospace science and technology in space construction can be effectively guaranteed. Meanwhile, in the future, the two sides will further strengthen communication and strengthen cooperation in more fields under the general direction of cooperation, intercontinental aerospace science and technology is expected to embark on a fast track of development and accelerate the implementation of commercial orders and the pace of globalization.

epilogue

Overall, the joint cooperation between Intercontinental Aerospace Science and Technology and the 18th Bureau of China Railway to carry out the construction of the Abu Dhabi Space Eco-City project is of great significance to increasing the layout of intercontinental space science and technology in the Middle East.

At this time, using the strength of China Railway Eighteenth Bureau, a company with rich construction experience in the Middle East region, it can further demonstrate its strength to the international market and effectively enhance the company's competitiveness. Looking at the company's long-term development, with such strong support, with the large number of orders and cooperation intentions the company already has, Intercontinental Airlines is expected to take a big step in implementing performance and obtain an opportunity for value revaluation.