Jun 01, 2023 08:33 PM

ECONOMY

Middle East Offers New Opportunities for China’s Belt and Road Investors, Analyst Says

By Fan Qianchan and Zhang Yukun

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Many Middle Eastern nations are able to leverage their crude oil and natural gas reserves to fund infrastructure construction. Photo: VCG

Many Middle Eastern nations are able to leverage their crude oil and natural gas reserves to fund infrastructure construction. Photo: VCG

The Middle East is likely to become the next hot spot along the Belt and Road, as countries in the region offer a wealth of infrastructure investment opportunities for Chinese companies, a senior analyst said.

The demand for infrastructure investment from 64 members of the China-led initiative is booming and could reach as much as $2 trillion every year, said Robin Xu, deputy head of China research at UBS Securities Co. Ltd.

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