China’s ‘One Belt, One Road’ comprises US$1 trillion projects

AIMWith more than 1,700 projects worth US$1 trillion, China’s ambitious ‘One Belt, One Road’ initiative aims to impact 4.4bn people or 65 per cent of the world’s population that equals to about 40 per cent of the global gross domestic product (GDP)

Spanning across to 70 countries across Asia, Europe, Africa and Oceania, the ‘One Belt, One Road’ initiative has been allocated more than US$340bn in construction contracts secured by Chinese companies.

These statistics were released in conjunction with the upcoming Annual Investment Meeting (AIM) which will be held from 8-10 April 2019 in Dubai, focusing on “Mapping the Future of FDI: Enriching World Economies through Digital Globalisation.”

On the second day of the event, the forum is expected to provide participating high-ranking Chinese officials with an international platform to present the plans for the ‘One Belt, One Road’ initiative. In addition, the workshop will brief the business community worldwide with various investment opportunities running around the project.

“Targeted to be completed by 2049, the landmark project will bring about inclusive growth, spur unprecedented development and enhance cooperation, trade and investment worldwide,” said Dawood Al Shezawi, CEO of the organising committee of AIM.

There will be four sessions which will focus on infrastructure development, new technologies, renewable energy and agriculture and food security.

The international foreign direct investment (FDI)-focused platform is set to provide high-ranking policy makers, business leaders, regional and international investors, successful entrepreneurs, leading academics and financial experts an opportunity to discuss best practices and economic issues of global importance.

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