China Covid-19 Currency Dubai Investment Middle East Oil Pandemic Procurement Renminbi Shanghai United Arab Emirates Xinhua Yuan
DUBAI, June 29 (Xinhua) — China-United Arab Emirates (UAE) joint projects have resumed and achieved progress despite challenges facing the UAE due to the COVID-19 pandemic and dropping oil prices. Shanghai Electric announced last week that it has completed the Molten Salt Receiver (MSR) tower top receiver, the tallest such structure in the world, in a record 240 days. It is part of Dubai’s DEWA IV phase 700MW Concentrating Solar Power and 250MW Photovoltaic Hybrid Project, which is currently the world’s largest photothermal and photovoltaic integrated power plant project. “This has been a very challenging project, especially with the important…
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