Kuwait’s Silk City key project in China’s One Belt One Road initiative | ZAWYA MENA Edition

Kuwait’s Silk City key project in China’s One Belt One Road initiative | ZAWYA MENA Edition:

"Kuwait’s Silk City and the five-island developments are a key project in the One Belt One Road initiative, and will strengthen Kuwait-China relations, according to Jiang Zengwei – Chairman of the China Council for the Promotion of International Trade (CCPIT) and the China Chamber of International Commerce (CCOIC).  In a keynote address at the Kuwait Investment Forum (KIF 2018), Zengwei said Kuwait was one of the first GCC nations to have diplomatic ties with China and relations between the two countries have strengthened over the years. He said the One Belt One Road initiative complements Kuwait’s Vision 2035 in fostering development in several core sectors.  Kuwait and China have signed several cooperation agreements, which have further laid the foundations for promoting mutually beneficial growth. “China is today one of the Kuwait’s most important trading partners and an important source of crude oil from Kuwait. Bilateral trade was US$12 billion in 2017, recording a year-on-year growth of 28 per cent,” added Zengwei. "



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