Arab world needs B&R

Global Times - - Biz Update -

The China-pro­posed Belt and Road (B&R) ini­tia­tive is an op­por­tu­nity for the Arab world to close the in­fras­truc­ture fund­ing gap and lift its eco­nomic sec­tors to the next level, the Xin­hua News Agency re­ported Tues­day, cit­ing Nasser Saidi, a lead­ing econ­o­mist in the United Arab Emi­rates (UAE).

Speak­ing in a key­note speech at the “New Silk Road Di­a­logue” or­ga­nized by the UAE Chap­ter of Har­vard Kennedy School, Saidi said that the world’s eco­nomic tec­ton­ics are shift­ing to the east.

“The Arab world should play the B&R ini­tia­tive card to the fullest,” Saidi noted.

The Arab world should es­tab­lish a dig­i­tal Silk Road and co­op­er­ate with China on clean en­ergy and life sciences, the econ­o­mist was quoted as say­ing in the re­port.

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