Dubai Chamber encourages companies to explore investment opportunities along the new Silk Road

As part of its preparation for the very first Commonwealth of Independent States Global Business Forum (CIS GBF 2016) in Dubai, to be held on February 17 and 18, Dubai Chamber of Commerce and Industry has released an unique credit report, 'Tapping the Silk Road Opportunities', where it has motivated UAE business to check out financial investment opportunities along the new Silk Road.

The file sheds light on the economic results of the Chinese effort released in 2013, known as the 'One Belt One Road Initiative' (OBOR), which features two massive networks-- the 'New Silk Road' and the '21st Century Maritime Silk Road'. The effort refers to land and sea routes that intend to link the dynamic East Asia economic circle at one end and the developed European economic circle at the other, and including countries with big capacity for financial advancement.
"The unique report, 'Tapping the Silk Road Opportunities', can be found in line with Dubai Chamber's efforts to offer a research paper to act as the basis for UAE and GCC investors wanting to expand in the nations along the Silk Road," said His Excellency Hamad Buamim, President and CEO of Dubai Chamber.

HE Buamim said the UAE in general and Dubai in particular has actually managed to reinforce its position as a major business center in the Middle East, and the new Silk Road will provide Dubai more strategic economic value to play a significant function in the area as a platform for company partnerships that will improve the global economy. Dubai will be an entrance of the new Silk Road that assists in trade movement to the world, specifically with China, HE Buamim added.

The unique report specified that over the last two decades, the world's centre of financial gravity has actually moved east on the back of a huge population, enhanced urbanization and favorable prospects of trade and investment. Asia's future growth is expected to rely on domestic need in view of vital assistance from the broadening middle class for the dynamic domestic economy, it stated.

The credit report said the goal of the OBOR is to enhance growth in China's underdeveloped areas, particularly the western parts of the country. This will enhance connectivity and financial advancement along both OBOR land and sea routes through the movement of items, services, details and a lot of people and the exchange of culture, integrating China's economy with its neighbours, it stated.

It explained that the UAE lies along 'China - Central Asia - West Asia financial Corridor' that go through the CIS region, among the priority investment and trade regions for UAE and Dubai businesses. This corridor is considered as crucial entrance for oil and gas going to Xinjiang from the Arabian Peninsula and Turkey, it said.

The credit report prompted UAE and Dubai companies to check out chances along OBOR financial corridors. It said major financial investment tasks are likely to focus on locations such as infrastructure building, including centers relating to roadways, shipping, air travel, energy and interactions.

The first edition of CIS GBF will be arranged in Dubai by Dubai Chamber from February 17-18, 2016, and addressed by noteworthy speakers, including world class company and financial leaders along with worldwide investors, concentrating on crucial topics associated with the changing facts of economic cooperation in the CIS.