SHENZHEN enterprises have sealed strategic cooperation agreements and memorandums of understanding (MOUs) with partner countries participating in the Belt and Road Initiative (BRI) during subforums of the third Belt and Road Forum for International Cooperation (BRF), which wrapped up in Beijing on Wednesday.

At the BRF’s Digital Economy High-level Forum on Wednesday, Shenzhen-based Unilumin signed a strategic agreement with Saudi Arabia to provide light display products and solutions at Saudi Arabia’s cultural and sporting venues under its Public Investment Fund. The two sides will work together to promote the development of Saudi Arabia’s entertainment industry and experiential digital economy.

Also at the forum, another Shenzhen firm, Transsion, inked an MOU with the U.N. Economic Commission for Africa to facilitate and expedite the digital transformation across the continent. The partnership will also offer insights and policy recommendations for Africa’s digital economy in terms of e-commerce, fintech, digital payments, financial incentives, and digital trade.

Over the past decade, Transsion has established a robust sales and after-sales network across Africa, South Asia, Southeast Asia, the Middle East, and Latin America. It has also set up manufacturing facilities in Ethiopia and Bangladesh.

“We will use our technological expertise, investment capabilities, and strategic resources to empower Africa’s digital development, offer data and analytical support for research on digital advancement, and improve internet access in Africa,” Zhu Zhaojiang, chairman and founder of Transsion, said.

During the China-Indonesia Industry and Commerce Forum, BTR Group inked a framework agreement with Indonesia’s Coordinating Ministry of Maritime Affairs and Investment to build a production base capable of producing 80,000 tons of lithium battery anode materials. This project’s Phase I, in collaboration with Singapore firm Stella, involves a US$478 million investment and is expected to create 1,200 job opportunities.

At the Belt and Road Enterprisers Conference on Tuesday, Shenzhen-based China General Nuclear Power Generation Corp. (CGN) signed an MOU on clean energy development in Laos. The agreement will see CGN further boost clean energy initiatives in northern Laos and transform the region into a clean energy demonstration area through cooperation with the Lao government.

Part of this green energy development plan includes a 1-million-kilowatt photovoltaic power plant project, which has already received feasibility and environmental impact approvals and is progressing toward the construction phase. Once completed, it will be Laos’ largest photovoltaic energy project, generating 1.65 billion kWh of electricity annually and reducing carbon dioxide emissions by 1.41 million tons, significantly boosting the country’s green energy and socioeconomic development.   (Han Ximin)