Kuwait has signed an agreement with China to move forward plans for the development of its new economic hub, Silk City, and the five northern islands.
According to Kuwait News Agency, the head of the Silk City project, Faisal Al Medlej, signed the agreement with China’s National Development and Reform Commission, a government-run economic management agency.
“There is mutual and substantial consensus between New Kuwait 2030 vision and the Belt and Road initiative to revive the Silk Road and establish a commercial centre to serve the world,” the Kuwaiti Ambassador to China, Samih Hayat, was quoted as saying.
The agreement to team up with China to develop Silk City and the five islands — Failaka, Warba, Boubyan, Miskan and Awha — first came in July.
A 36km bridge connecting Kuwait’s mainland to the five islands is on track for completion by the end of the year.
One of the main developments will be the Mubarak Seaport which, when complete, will be Kuwait’s largest commercial trading hub.
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