Via Zawya, a report on Chinese plans to invest in Egyptian ports: China’s COSCO Shipping Ports is planning to invest $375 million in Egyptian ports during 2024, including Ain Sokhna port, the company’s Chief Accountant Zhao Fengnian said, according to Asharq Business. The new investments aim to increase the capacity of COSCO’s containers across different […]
Read more »Via Nikkei Asia, a report on Malaysia’s plans to build a new port near Kuala Lumpur: Malaysia will build a new container port along the western coast of the Malay Peninsula facing the Malacca Strait, one of the world’s busiest sea lanes, as the country prepares to capture logistics demand created by global supply chain […]
Read more »Via Al Monitor, an article on Saudi Arabia’s plans to invest $15 billion in Brazil, bolstering already strong economic relations based largely on mining, meat and oil: Saudi Arabia is set to invest billions of dollars in Brazil, a Brazilian official said at a conference in Rio de Janeiro this week, as mining, trade and geopolitical […]
Read more »Via Reuters, an article on how Chinese leaders are citing the billions of dollars for new construction and record two-way trade as evidence of their “win-win” commitment to supporting the continent’s modernisation through the Belt and Road Initiative: China’s flagship economic cooperation program is bouncing back after a lull during the global pandemic, with Africa […]
Read more »Via the Carnegie Endowment, a report on how China’s Belt and Road Initiative helped build an industrial complex in Indonesia—but contestations at the local and national levels compelled Chinese players to adapt to rapidly shifting Indonesian cross-currents. Summary The Indonesia Morowali Industrial Park (IMIP) in Central Sulawesi is one of the largest Chinese investments in Indonesia, […]
Read more »Via Foreign Policy, commentary on what Africa can learn from China and the importance of human capital: Since the big wave of independence from European rule swept Africa in 1960, no country on the continent has joined the exclusive club of the world’s richest nations. Africa is hardly alone in this regard. Since World War […]
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