ZHUHAI, China & LOS ANGELES--(BUSINESS WIRE)--China Architectural Engineering, Inc. (CAE) (NASDAQ: CAEI - News), a leader in the design, engineering, fabrication and installation of high-end building envelope systems, today announced that it has entered into a new agreement with Shanghai Nine Dragon Co., Ltd. (http://www.ninedragon.com.cn) to undertake the major projects located in the Nine Dragon Resort, Zhejiang, including a seven star hotel, a marine park and luxurious villas. The total project value is expected to exceed $500 million. The projects are expected to commence in the second half of 2009 and be completed within three years.