Cairo - Brussels: Europe and the Arabs
In an attempt to attract the world's attention to investment opportunities in the Arab region, the Secretary General of the Arab League, Ahmed Aboul Gheit, indicated that the investment opportunities in the Arab region are many and promising. Saudi Arabia for the activities of the tenth session of the Arab and Chinese businessmen conference and the eighth session of the investment symposium, comes as a continuation of its successful efforts to host the first Arab-Chinese summit held in Riyadh, a summit whose outputs gave a new impetus to Arab-Chinese cooperation in all political, economic and cultural fields, thanks to the sincere desire of the two parties to Promote cooperation to a broader scope.
He added, during his speech at the opening session today, Sunday, that the Arab-Chinese relations extend throughout history and strike in its depths. And expanding it to new areas, explaining that the conference contributes to writing a new page from the pages of that cooperation, which will grow stronger and richer in light of the joint efforts and initiatives we see.
He explained that the mechanism of the Arab-Chinese Businessmen Conference was the first mechanism established within the framework of the Arab-Chinese Cooperation Forum since its launch in 2004, and it contributed remarkably to introducing entrepreneurs to the available investment opportunities, and during which important trade and investment deals were concluded that contributed to the promotion of economic and social development. in Arab countries and China.
Despite these data, there are positive indications of overcoming these obstacles in light of the ambitious development plans launched by the Arab countries, according to Aboul Gheit. The Arab-Chinese cooperation provides a valuable opportunity to attract Chinese technology, capital and companies to invest in our countries, especially within the framework of the "Belt and Road" initiative and The Global Development Initiative launched by Chinese President Xi Jinping.
The Secretary-General stressed the Arab League's decades-long interest in improving the Arab investment climate and creating a unified Arab economic space, as well as its efforts to build partnerships with regional and international economic groupings, including this forum.
He referred to the adoption by the Arab countries of the "Unified Agreement for Capital Investment in the Arab Countries", for which a new draft is now being prepared in cooperation with an international institution with great experience in the field, as well as completing the requirements of the Greater Arab Free Trade Area operating under the umbrella of the Arab League, as the recent period witnessed Making remarkable progress towards achieving a common Arab market, which would increase the flow of foreign direct investment to take advantage of the advantages and promising opportunities offered by that region.