China's Belt & Road Forum: Deals for UAE, Saudi Arabia & Egypt

Regional Views
Some economies progress, but projections for growth are cut
  • The UAE was a clear winner at April’s Second Belt and Road (BRI) Forum for International Cooperation in Beijing, with deals worth USD 3.4B, 5% of the total value of deals signed at the Forum.
  • Sino-Saudi relations extended beyond trade in crude to aquaculture, an emerging diversification opportunity with large growth potential
  • Egyptian President Abdel Fatah El Sisi’s visit to China and deals signed on the sidelines of the Forum are significant given the importance of the BRI for Africa, especially with Egypt as the current chair of the African Union.

 

Florence Eid-Oakden, Ph.D, Chief Economist

Charlene Rahall, Analyst

The Regional Views series are thematic papers aimed at identifying and analysing factors behind medium to long-term economic trends shaping the region. Our analysis draws conclusions that help businesses and investors get ahead of the curve. As a firm staffed by Middle Easterners, we focus on insight rather than standard analysis.

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