June 25, 2009 (FinancialWire) — China Architectural Engineering, Inc. (NASDAQ: CAEI) (Current Market Cap: $68.17 Mil.), a company that designs, engineerings, fabricates and installs building envelope systems, said it has entered into an agreement with Shanghai Nine Dragon Co., Ltd. to undertake the various projects located in the Nine Dragon Resort in Zhejiang.

The projects include a hotel, a marine park and villas. The total project value is expected to exceed $500 million, according to China Architectural. They projects are scheduled to begin in the second half of 2009 and be completed within three years.

Zhuhai, China-based China Architectural Engineering is engaged in the design, engineering, fabrication and construction of structural exterior cladding systems.

The company specializes in curtain wall systems, roofing systems, steel construction systems, eco-energy saving building conservation systems and related products, for public works and commercial real estate projects.

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