Sino-MENA FDI: Going green together
As global FDI has steadily waned over the past three years, China has bucked the trend by maintaining its outward investment momentum - even posting positive growth despite the pandemic. While its investments in the MENA region in the pas have largely been in oil and gas, as the region continues to diversify away from oil, we see a largely untapped market for Chinese investment. This week, we assess.
- How the MENA region's "transition to green" overlaps with China's investment target to become a leader in green finance with a goal of USD 20B in investments between 2020 and 2050.
- How private-sector Chinese companies have been eyeing e-commerce, tech and automation, which stood out in the past year in the MENA region.
- How the Sino-MENA axis has forged ahead with more innovation and dynamism than ever before, contrary to expectations that the Belt and Road Initiative would come under stress due to the pandemic.
Florence Eid-Oakden, Ph.D, Chief Economist
Bouchra Abaakil, 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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