Skip to main content

Qatar seen playing a key role in China's Belt and Road plan

Santhosh V. Perumal

Monday، 26 November 2018 08:53 PM

Qatar, which has a preeminent position in the Middle East, has a key role to play in the Belt and Road Initiative, a development strategy adopted by the Chinese government involving infrastructure development and investments in Europe, Asia and Africa.

"Qatar's position in the region helps it to play an important role in the Belt and Road Initiative, especially with its economic and geographical components," said Gui Hanfeng, chairman of Global Economic Development Forum (GEDF), a global platform to bolster co-operation as well as economic, trade and cultural co-ordination among nations.

The statement assumes significance considering that the Qatar Chamber (QC) last year signed a memorandum of understanding with the China Council for the Promotion of International Trade to join the Silk Road Business Council. 
The presence of shipping lines between the two countries contributes to the growth of economic relations, and also supports investment opportunities between them, he said, adding the 2022 FIFA World Cup and the Qatar National Vision 2030 make it an ideal environment for attracting investment, which is expected to see progress and prosperity under these incentives.

Highlighting that the previous GEDF editions were held at China, Australia, Malaysia and Germany; Gui said the fact that Doha was chosen for this year's meet shows the strength of the relations between Qatar and China.

Both Qatari and Chinese side Monday reviewed the investment and economic opportunities and the business environment available to them through B2B meetings between businessmen from both sides and participants in the forum. 

QC first vice chairman Mohamed bin Towar al-Kuwari urged Chinese and Qatari companies to benefit from the encouraging investment climate and the incentive laws to increase the volume of co-operation and enter into partnerships and projects, to take advantage of the Belt and Road Initiative, which aims to revive and support trade between China and the Arab countries and re-export to Europe.
He said bilateral relations between Qatar and China have witnessed great progress at all levels and in all areas of political, economic, cultural and sports co-operation since the establishment of diplomatic relations in 1988.

Terming that China as an important trade partner of Qatar, al-Kuwari said the trade exchange between the two countries reached about $10.4bn in 2017 and that there are about 190 Qatari-Chinese companies operating in Doha with a total capital of QR1.4bn.

Qatar opened last year a centre for the settlement of transactions in Chinese currency (renminbi), the first of its kind in the Middle East, in addition to the launch of the direct shipping line between Hamad Port and Shanghai, to promote trade and investment, al-Kuwari pointed out.

He stressed that the private sector in both countries would play a bigger role in the future of economic relations between Qatar and China, especially in view of abundant investment and business opportunities.


Popular posts from this blog

CPEC Jobs in Pakistan, salary details

JOBS...نوکریاں چائنہ کمپنی میںPlease help the deserving persons...Salary:Salary package in China–Pakistan Economic Corridor (CPEC) in these 300,000 jobs shall be on daily wages. The details of the daily wages are as follows;Welder: Rs. 1,700 dailyHeavy Duty Driver: Rs. 1,700 dailyMason: Rs. 1,500 dailyHelper: Rs. 850 dailyElectrician: Rs. 1,700 dailySurveyor: Rs. 2,500 dailySecurity Guard: Rs. 1,600 dailyBulldozer operator: Rs. 2,200 dailyConcrete mixer machine operator: Rs. 2,000 dailyRoller operator: Rs. 2,000 dailySteel fixer: Rs. 2,200 dailyIron Shuttering fixer: Rs. 1,800 dailyAccount clerk: Rs. 2,200 dailyCarpenter: Rs. 1,700 dailyLight duty driver: Rs. 1,700 dailyLabour: Rs. 900 dailyPara Engine mechanic: Rs. 1,700 dailyPipe fitter: Rs. 1,700 dailyStorekeeper: Rs. 1,700 dailyOffice boy: Rs. 1,200 dailyExcavator operator: Rs. 2,200 dailyShovel operator: Rs. 2,200 dailyComputer operator: Rs. 2,200 dailySecurity Supervisor: Rs. 2,200 dailyCook for Chinese food: Rs. 2,000 dailyCook…

Balochistan to establish first medical university

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

Germany’s Siemens sets up Belt and Road office in Beijing
Germany’s Siemens sets up Belt and Road office in Beijingby Janne Suokas Mar 23, 2018 15:20 TRADEINVESTMENTBELT AND ROAD INITIATIVEGerman industrial and engineering group Siemens will set up a Belt and Road office in Beijing. surberFlickrCC BY 2.0
German industrial and engineering group Siemens will set up an office in Beijing to boost international cooperation under China’s Belt and Road initiative, the company said on Friday.The move will help strengthen Siemens’ cooperation with Chinese and international companies and expand business opportunities brought about by the Belt and Road initiative, according to the company’s statement.The Belt and Road initiative is China’s ambitious project to boost trade and infrastructure investment in more than 65 countries along the ancient Silk Road trade routes from Asia to Europe and Africa.Siemens said it had already partnered with hundreds of Chinese companies in overse…