DUBAI: The Dubai Chamber of Commerce and Industry (DCCI) recently published a special report, titled “Tapping the Silk Road Opportunities,” to promote investment opportunities that follow the new Silk Road. These investment opportunities are ideal for local companies and businesses in the United Arab Emirates (UAE).
The report shows details of the economic effects on the area, thanks to the Chinese initiative that started in 2013. This initiative, called the “One Belt One Road Initiative” (OBOR), includes two large networks: the “21st Century Maritime Silk Road” and the “New Silk Road.”
The goal of the initiative is to create land as well as sea routes that will unite the entire economic regions in East Asia. At the other end of the routes will be developed European economies, including nations that have significant potential for developing their economies and benefitting one another.
As part of the new Silk Road, Dubai is a major business center within the Middle East. It has a strategic economic position and role within the business partnerships and the international economy. “The special report, ‘Tapping the Silk Road Opportunities,’ comes in line with Dubai Chamber’s efforts to provide a research paper to serve as the basis for UAE and GCC investors looking to expand in the countries along the Silk Road,” Hamad Buamim, president and CEO of the Dubai Chamber, said.
