Invest along the Silk Road, Chamber tells firms

Dubai - This is part of its preparation for the first Commonwealth of Independent States Global Business Forum in Dubai, to be held on February 17 and 18. It has launched a special report on the occasion titled, 'Tapping the Silk Road Opportunities'.



By Staff Report

Published: Thu 11 Feb 2016, 11:00 PM

Last updated: Fri 12 Feb 2016, 8:12 AM

The Dubai Chamber of Commerce and Industry has encouraged UAE companies to explore investment opportunities along the new Silk Road.
This is part of its preparation for the first Commonwealth of Independent States Global Business Forum in Dubai, to be held on February 17 and 18. It has launched a special report on the occasion titled, 'Tapping the Silk Road Opportunities'.
The report sheds light on the economic effects of the Chinese initiative launched in 2013, known as the 'One Belt One Road Initiative' (OBOR), which features two massive networks - the 'New Silk Road' and the '21st Century Maritime Silk Road'.
The initiative refers to land and sea routes that aim to connect the East Asia economic circle and the developed European economic circle, and encompassing countries with huge potential for economic development.
"The report comes in line with Dubai Chamber's efforts to provide a research paper to serve as the basis for UAE and GCC investors looking to expand in the countries along the Silk Road," said Hamad Buamim, president and CEO of Dubai Chamber.
Buamim said the UAE in general and Dubai in particular has managed to reinforce its position as a business hub in the Middle East, and the new Silk Road will give Dubai a major as a platform for business partnerships.
- business@khaleejtimes.com 


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