China National Chemical Engineering Co., Ltd. (CNCEC) is a

Chinese Chinese may refer to: * Something related to China * Chinese people, people identified with China, through nationality, citizenship, and/or ethnicity **Han Chinese, East Asian ethnic group native to China. **'' Zhonghua minzu'', the supra-ethnic ...

company in construction engineering and design, ranking 16th among general contractors worldwide by revenue and 20th among contractors by revenue from international projects (as of 2022). The parent company of China National Chemical Engineering Co., Ltd. () is China National Chemical Engineering Group Corp., a

state-owned enterprise A state-owned enterprise (SOE) is a business entity created or owned by a national or local government, either through an executive order or legislation. SOEs aim to generate profit for the government, prevent private sector monopolies, provide goo ...

that is supervised by

State-owned Assets Supervision and Administration Commission of the State Council The State-owned Assets Supervision and Administration Commission of the State Council (SASAC) is a special commission of the State Council of the People's Republic of China. It was founded in 2003 through the consolidation of various other indus ...

Projects

* The company announced in May 2012 a major deal with the UAE government worth $2.95 billion to complete the National House Scheme within a 5-year timeframe. * The Iraqi government announced in January 2024 the start of a $2 billion project to build a new residential city west of Baghdad, with CNCEC and two other companies.

U.S. investment prohibition

In August 2020, the

United States Department of Defense The United States Department of Defense (DoD, USDOD, or DOD) is an United States federal executive departments, executive department of the federal government of the United States, U.S. federal government charged with coordinating and superv ...

published the names of companies linked to the

People's Liberation Army The People's Liberation Army (PLA) is the military of the Chinese Communist Party (CCP) and the People's Republic of China (PRC). It consists of four Military branch, services—People's Liberation Army Ground Force, Ground Force, People's ...

operating directly or indirectly in the United States. CNCEC was included on the list. In November 2020,

Donald Trump Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who is the 47th president of the United States. A member of the Republican Party (United States), Republican Party, he served as the 45 ...

issued an

executive order In the United States, an executive order is a directive by the president of the United States that manages operations of the federal government. The legal or constitutional basis for executive orders has multiple sources. Article Two of the ...

prohibiting any American company or individual from owning shares in companies that the United States Department of Defense has listed as having links to the People's Liberation Army, which included CNCEC.

References

External links

* {{authority control Companies listed on the Shanghai Stock Exchange Government-owned companies of China Construction and civil engineering companies of China Defence companies of the People's Republic of China