Regulatory approval has not yet been granted but the deepsea area under consideration is forecast to be highly lucrative.
Lusofonia
Quality as well as quantity play a significant part as Brazil shows an increasing appetite for Chinese vehicles and fine chemicals.
Leading businessman Wu Zhiwei points to numerous incentives offered to investors in Portugal.
The new 6,000 km hi-tech trans-Atlantic communications link likely to be a game-changer enhancing Portugal’s role in Europe.
International and Timorese companies are working hand-in-hand to build the ultra-modern facility which is forecast to end an economic bottleneck.
Spanning nine countries and using four different track gauges, the eco-friendly train takes a month to reach its destination.
Selling everything from smartphones to vacuum cleaners, the Chinese tech giant is fast gaining a substantial slice of the Iberian market.
High demand for iron ore, and China’s need to diversify its sources, give numbers a significant boost.
Island nation’s limited oil reserves will stand it in good stead in the near future, but cooperation with Australia is essential, EIU reports.