Investments of the projects are expected to hit $100 billion. The city’s project, which accommodates up to 700,000 people, contains the establishment of a 1001-meter tower, which is a world’s height one.
The Silk City project, one of the world’s largest, includes the Jaber Causeway, which links strategically Kuwait to the northern region. The State of Kuwait will take part in this Road with several development projects, which materialize the ‘Kuwait’s 2030’ vision. According to figures issued by Chinese government, China has invested about $50 billion in countries along the Belt and the Road since 2013. Trade amongst countries along the Belt and Road is expected to hit $10 trillion in the five upcoming years. The Belt links more than 60 countries, with expected investments ranging between $4 and 8 trillion, and serves 4.4 billion people, making up 63 percent of the world’s total population. The initiative of the Belt and Road includes two sections First the Silk Road Economic Belt which links China with Europe via Central and Western Asia, and the 21st Century Maritime Silk Road which extends from south of China to southeast of Asia and Africa. This embodies new horizons and wider ambitions to revive the historic Silk Road. This initiative is in line with the visions of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah aiming to transform Kuwait into a global commercial hub by 2030, and also to establish the ‘Silk City’ project launched in 2006. KUWAIT: The initiative of the Silk Road Economic Belt and the 21st Century Maritime Silk Road is a long-term opportunity to achieve economic prosperity in world’s countries, mainly the Arab ones. $10 trillion trade expected in five years An artist’s rendition of the Silk City project.
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