“The 10-year contract with China Machine Press is good news for FIDIC and fully reflects our planned future operations in China. Once again, FIDIC is creating a platform where good practice documents in the field of consulting and design can improve cooperation and communication to improve project implementation and achieve successful results in terms of design quality, sustainability, value for money and transparency,” said Mr. Ogunshakin. Commenting on the signing of the agreement, FIDIC Chief Executive Officer Dr Nelson Ogunshakin said: “This agreement is an important step in fidicS` drive to have FIDIC 2017 contracts as key infrastructure, engineering and works contracts, which are being adopted in the world`s most populous country, with the potential to become global standards.” By signing an agreement with China Machine Press, we are able to translate and publish our standard contracts in one of the five most important strategic languages requested by the six largest multilateral development banks – the World Bank, the Inter-American Development Bank, the European Development Bank, the European Bank for Reconstruction and Development Asian infrastructure and the Investment Bank and the African Development Bank. who have all recently adopted FIDIC 2017 contracts for their investments in infrastructure projects in their countries of operation. FIDIC (International Federation of Consulting Engineers) has signed a major translation and publishing license agreement with Beijing-based China Machine Press to translate and publish FIDIC construction contracts and other important documents in Chinese. The 10-year agreement will help increase the distribution of fidic publications in the Chinese market and, due to increased Chinese investment in international markets, this approach will also allow Chinese consultants and contractors to better understand FIDIC contracts in their national language, allowing them to use market-leading documents internationally. The translation of the FIDIC treaty standard will be bilingual and will help international parties cooperate in an increasingly globalized world. Webinar sees “Nike Swoosh” neotonian economic revival FIDIC host of the first International Conference on Online Infrastructure Ogunshakin said that the latest fiDIC complementary strategic cooperation step with a number of Chinese engineering offices and contract associations, to ensure that FIDIC contracts are adopted on the Belt and Road initiative, the Chinese government`s global development strategy with infrastructure development and investments in 152 countries and international organizations in Asia Europe, Africa, the Middle East and America.