Sino-Oman: Banking on AIIB | BELT & ROAD
"How will Oman benefit from being a founding member of AIIB and on the map of China’s Belt & Road Initiative?"
Florence Eid, Ph.D, Chief Economist
Charlene Rahall, Mingqiao Zhao, Analysts
We tackle the following questions in this week's Regional Views:
- China is Oman’s top crude oil export destination, accounting for 77% of Omani oil exports in 2015. Which Chinese regional governments are eyeing more trade and investment opportunities with Oman?
- What role can Chinese firms play in the Sultanate of Oman Logistics Strategy 2040, which aims to increase the contribution of logistics industry to Oman’s GDP to 12% in 2040?
- The Asian Infrastructure Investment Bank (AIIB) approved two projects in Oman in December 2016, the bank’s first projects in the MENA region. How will Oman benefit from being a founding member of AIIB and on the map of China’s One Belt One Road (OBOR) strategy?
The Regional views series are thematic papers aimed at identifying and analysing factors behind medium to long-term economic trends shaping the region. Our analysis draws conclusions that help businesses and investors get ahead of the curve. As a firm staffed by Middle Easterners, we focus on insight rather than standard analysis.
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