Belt and Road set to boost development in Mideast, Africa

BEIJING, Aug. 24  — The China-proposed Belt and Road Initiative
will provide countries in the Middle East and Africa with more
opportunities and synergize with their own development strategies,
officials and scholars have said.

Proposed by China in 2013, the Belt and Road Initiative aims to build trade
and infrastructure networks connecting Asia with Europe and Africa along
the ancient Silk Road trade routes.Kuwait was among the first Arab
countries to sign a cooperation agreement with China under the framework,
as well as one of the founding members of the China-initiated Asian
Infrastructure Investment Bank.Being a country whose oil and gas sector
accounts for about 94 percent of its export revenue, Kuwait has been trying
to modernize its economic structure and reverse imbalances in its housing
and demographics.

In 2010, the Kuwaiti government released “Kuwait 2035,” or the Kuwait
National Development Plan, formulated to transform the country into a
regional financial hub by 2035 via 164 strategic development projects.
The Belt and Road Initiative, in such circumstances, offered a chance for
Kuwait to optimize its economic structure and could dovetail well with the
country’s national development strategy, said Cheng Yongru, economic and
commercial counsellor of the Chinese Embassy in Kuwait.According to China’s
General Administration of Customs, trade between China and Kuwait reached
5.47 billion U.S. dollars in the first half of 2017, up 28.6 percent year
on year. In 2016, bilateral trade was 9.37 billion dollars.

Similar to Kuwait, Saudi Arabia announced a “Saudi Vision 2030” growth
strategy last year in a bid to diversify its heavily oil-dependent
economy.As the world’s second largest economy, China has a competitive
advantage in manufacturing and industrial engineering, areas Saudi Arabia
needs to develop, said Sailim Aljamidi, a renowned scholar in politics in
Saudi Arabia.Promoting the docking of the Belt and Road Initiative with the
“Saudi Vision 2030″ growth strategy will facilitate the latter’s economic
transformation, and benefit the peoples of both countries, Aljamidi
added.Meanwhile, the relationship between Sudan and China has reached new
heights after the two countries agreed to elevate their ties to a more
advanced level.”The two countries are heading towards consolidating their
standing ties on mutual benefits and sharing of balanced development,”
Mohamed Hassan Saeed, a Sudanese political Analyst, told Xinhua.”Since the
visit of the Sudanese President Omar al-Bashir to Beijing in 2015, where he
agreed with his Chinese counterpart Xi Jinping to upgrade bilateral ties to
a more strategic level, the two countries have achieved remarkable progress
in the development of relations in all fields,” said Saeed.”The two
countries can utilize their potentialities and enter into new economic
partnerships, particularly in the field of agriculture, where Sudan enjoys
a huge labor force, fertile lands and water resources, and China, in turn,
possesses advanced agricultural technology,” he said.

Sudan was one of the first countries to embrace the Belt and Road projects,
of which it stands to greatly benefit, including in solidifying its
relationship with China, Saeed said.He believes that the initiative would
bring about great economic gains for developing countries, including
Sudan.”The initiative is likely to reactivate Sudan’s internal and external
trade activities and brings great investment opportunities for Sudan under
the huge projects that China would establish in countries covered by the
initiative,” he said. – XINHUA