Of the total value, $68.1 billion relate to projects in execution.
Rafael Nadal married his childhood sweetheart of 14 years, Xisca Perello, at a castle in Mallorca on Saturday. Nadal,…
496 Views | the publication reaches you by | Kuwait Online“The scope of China’s interest in the Gulf region has increased in recent years from a focus on hydrocarbon trade to a multitude of investments in energy, industry, finance, transport, communications and other technology.”
“Many Gulf countries also perceive China as a useful means in their strategies to diversify not just economically, but also politically amidst US-China trade war,” she added.
Chinese companies also expressed great interest in hubs across the region, given government initiatives such as Smart Dubai 2021, Saudi Arabia’s National Transformation Program 2030, Morocco’s Mohamed VI Tangier Tech City and the China-Egypt Suez Economic and Trade Cooperation Zone, the report said.
“Chinese institutions are also establishing investment funds with Gulf sovereign wealth funds to finance projects related to Gulf diversification programs and the Belt and Road Initiative (BRI).
For example, the UAE has established a $10 billion joint strategic investment fund between Abu Dhabi investment group, Mubadala, the China Development Bank and the Chinese State Administration of Foreign Exchange,” Ghozzi added.
Weatherford International plc (OTC-PINK:WFTIQ) announced it will showcase its best-in-market oilfield technologies for directional drilling, managed pressure drilling…
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