Hai'an business expands presence in BRI countries
The construction site of Daxin in Israel. [Photo/WeChat account: hafbwx]
Nantong Daxin Engineering Co Ltd, based in Hai'an, Nantong, East China's Jiangsu province, has continuously expanded into overseas markets in recent years in response to the Belt and Road Initiative.
Daxin started building its presence in overseas markets in 2016. After it gained a foothold in Cambodia, it began expanding in surrounding countries, including Vietnam, Thailand, and Laos.
In 2019, Daxin entered the Israeli market and built a branch in the country after learning that local construction enterprises cannot satisfy the increasing demand for housing.
"To earn the trust of local authorities, we have been paying particular attention to the quality of our contract projects," said Mei Fenglin, manager of Daxin's Israeli branch.
Daxin currently leads its Chinese counterparts in number of building workers and contract projects in the country, added Mei.
The company has nearly 900 workers in Israel for 17 projects under construction, with the largest worth 100 million yuan ($14.59 million) in Tel Aviv.
The total construction output of Daxin in Cambodia and Israel is expected to exceed $100 million this year, which will shore up the enterprise's confidence in overseas expansion, according to Wang Bangguo, deputy general manager of Daxin.