Chief Executive Officer
Port of Duqm
12:35 PM SPOTLIGHT: GLOBAL COMMERCIAL MARKETS
10:50 AM CREATING THE ULTIMATE BLENDED GCC-CHINA MARKET - Can businesses benefit from the investment alliance with China and how will this initiative add to the region’s basket of economic diversification?
In July 2018, China had pledged USD 20 billion in loans and USD 106 million in financial support to the Middle East. A Chinese consortium has materialised an investment of USD 10.7 billion for the port and industrial zone of Duqm, Oman. Fifteen Chinese businesses have joined the Abu Dhabi Economic Zone (KIZAD) with an investment of around USD 1 billion, since Cosco Shipping Ports have joined Abu Dhabi Khalifa Ports to expand and operate one of their terminals.
• What opportunities can GCC market players access due to investment and trade alliances with China?
• Does GCC’s presence as the cornerstone of China’s Belt and Road Initiative drive SME’s growth in the region?