Examples of China-Arab Gulf ties
_Kuwait and Saudi companies are building refineries in China, while Dubai firms operate Chinese ports and are developing residential and commercial complexes in Beijing and Shanghai.
_ China is cementing similar energy-based ties with Iran, its top crude supplier and a traditional rival to Gulf Arabs. It also maintains warm relations with Israel, a seller of weapons and technology.
_ China's builders, engineers, labor suppliers and equipment companies have begun winning shares in the US$1 trillion (€760 billion) in projects planned or under way in the Gulf.
_ A Chinese firm just won a contract to prepare the site for a new Doha neighborhood expected to house 200,000 people, said Nasser al-Ansari, chief executive of real estate investment house Qatari Diar.
_ At the same time, Qatari Diar is now looking to build a hotel and shopping development in China worth up to US$1 billion (€760 million), al-Ansari said.
_ In Iran, Chinese firms are building an extension of the Tehran metro, erecting a shipbuilding complex and negotiating three enormous oil and natural gas production deals, one of which is valued at US$16 billion (€12 billion).
Pertinent Links:
1) Examples of China-Arab Gulf ties
Wednesday, March 07, 2007
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