there is also NEWS:* China is the Largest Dredging
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Posted On: 04/24/2014 8:15:21 AM
there is also NEWS:* China is the Largest Dredging Market in the World and is Expanding Globally
Astika Holdings, Inc. (the "Company"
(OTCQB: ASKH) a strategic acquisition company of service, agriculture and industrial companies from the Nantong Region in China announced today that it is finalizing the acquisition and accelerating the audit process in order to be able to bid on dredging projects in China, Australia and Africa.
Total trade between Africa and China exploded from USD 10bn in 2000 to more than USD 200bn in 2012. Africa exports mainly raw materials to China, whereas Africa imports finished products. China’s main African trading countries are Algeria, Angola, Egypt, Ethiopia, Ghana, Libya, Morocco, Nigeria, South Africa, and Sudan. To illustrate the importance of Africa, the inaugural trip of Chinese President Xi Jinping was to Congo, South Africa, and Tanzania in March 2013. In Tanzania, the Chinese President signed a deal to develop a new port at Bagamoyo (Capex - Capital Expenditure USD 10bn). Although Africa ‘only’ accounted for USD 753m or 7% of the global dredging market, it rose by a CAGR (compound annual growth rate) of 11% between 2000 and 2011.
Astika Holdings, Inc. (the "Company"
(OTCQB: ASKH) a strategic acquisition company of service, agriculture and industrial companies from the Nantong Region in China announced today that it is finalizing the acquisition and accelerating the audit process in order to be able to bid on dredging projects in China, Australia and Africa. Total trade between Africa and China exploded from USD 10bn in 2000 to more than USD 200bn in 2012. Africa exports mainly raw materials to China, whereas Africa imports finished products. China’s main African trading countries are Algeria, Angola, Egypt, Ethiopia, Ghana, Libya, Morocco, Nigeria, South Africa, and Sudan. To illustrate the importance of Africa, the inaugural trip of Chinese President Xi Jinping was to Congo, South Africa, and Tanzania in March 2013. In Tanzania, the Chinese President signed a deal to develop a new port at Bagamoyo (Capex - Capital Expenditure USD 10bn). Although Africa ‘only’ accounted for USD 753m or 7% of the global dredging market, it rose by a CAGR (compound annual growth rate) of 11% between 2000 and 2011.
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