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Deals Worth $26 Billion Signed at 2019 China-Arab States Expo

Deals Worth $26 Billion Signed at 2019 China-Arab States Expo

Sunday, 8 September, 2019 - 07:30
Beijing - Asharq Al-Awsat
A total of 287 deals worth about 185.42 billion yuan (26 billion US dollars) have been signed at the fourth China-Arab States Expo in northwest China's Ningxia Hui Autonomous Region, announced the Expo's Organizing Committee in a statement.

The signed projects cover multiple areas including modern agriculture, high technology, equipment manufacturing, infrastructure, tourism, capacity cooperation, industrial park construction and Internet plus healthcare.

The new cooperation is expected to add momentum to the pursuit of the "Belt and Road Initiative" and bring new development opportunities to the countries participating in the initiative, according to the statement.

This year's China-Arab States Expo kicked off Thursday in Ningxia's regional capital Yinchuan and will run until Sunday.

It has brought together 12,600 participants from 2,900 regional organizations, commerce chambers, associations and enterprises in 89 countries.

Inaugurated in 2013, the biennial event has become an important platform for China and Arab countries to jointly pursue the "Belt and Road Initiative."

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