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          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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          Azerbaijan, Iraq discuss prospects of relations

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            Turkey eyes $5bn bilateral trade with Qatar

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            Iraq set to award new Faw Port deals

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            Deal signed to set-up first factory in Qatar to assemble electric vehicles

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            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

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            Miral’s premier Abu Dhabi waterfront project work on track

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            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

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              JGC lands $3.7bn Iraq refinery upgradation project deal

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              Tadweer opens phase 2 of solar power plant at Al Dhafra

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              France to help Iraq generate electricity, will invest in education, science: Macron

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              Acwa Power inks finance deals for 900MW Dubai solar park

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                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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                UAE launches phase III trial of inactivated Covid vaccine

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                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

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                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

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                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              China eyes investments in North Lebanon

              Al Bawaba

              July 12, 2018
              in Infrastructure, Transport & Logistics
              0
              The long-mooted revival of the railway between Tripoli and the Lebanese-Syrian border may have finally found an investor, with profound implications not only for the economy of north Lebanon but for the balance of power in the wider Middle East.
               
               
              “We have a proverb saying, “If you want to get rich, build a road,” said Eliana Ibrahim, president of the China Arab Association for Promoting Cultural and Commercial Exchange. Ibrahim told The Daily Star that a Chinese company is ready to submit a proposal to finance the reconstruction of a much-discussed railway from Tripoli to the Lebanese-Syrian border, although she said the bid was “not at the stage” where she could name the company.
               
              The railway, one of the transport projects listed in the government’s Capital Investment Plan presented at the recent CEDRE investment conference, would provide China with a means to transport materials from Tripoli into Syria, where Beijing could not only take advantage of the politically contentious issue of reconstruction in the country, but also set itself up long-term as a regional power.
               
              According to Dr. Neil Quilliam, a senior research fellow at Chatham House in London and an expert in Syria and the Middle East, reconstruction in Syria is “a springboard for investment in the region.” China, he said, “is looking for typically a 20-to-25 year trend where it’s going to be putting money into infrastructure but with a long-term plan of slowly but surely replacing the U.S. … in the region as a major player.”
               
              The cost of the devastating civil war to Syria’s economy and infrastructure has been estimated by the World Bank at $226 billion. China recently made some major announcements to further position itself as one of the key actors, not just in Syria’s reconstruction, but in the region. At this week’s China – Arab States Cooperation Forum, China’s President Xi Jinping pledged over $23 billion in credit, loans and humanitarian assistance to various Arab countries. Some $91 million was earmarked for Syria, Lebanon, Yemen and Jordan in humanitarian assistance.
               
              Lebanon’s Economy Minister Raed Khoury attended the forum and returned very positive about the prospect of further Chinese investment in the country. Having met with China’s foreign minister, Khoury told The Daily Star that China doesn’t “look at Lebanon as a small country of 4 million citizens but as a country with huge potential given its geographical location … They see Lebanon as a platform for the whole region and for reconstruction as well of Syria and Iraq.”
               
              The Syrian regime’s recent assault on southwest Syria and the massive resultant flight of refugees to the closed Jordanian border demonstrated that the war is far from over. Nevertheless, Quilliam said that China will not wait for a political resolution to the conflict before making its next move. “The debate on Syria is what comes first, political settlement or reconstruction, and China … has made it very clear that reconstruction comes first.”

              Al Bawaba
              12/07/2018

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