Connect with us

Asia Pacific

China Takes the BRI Project to the Shores of India’s Biggest Trading Partner – the UAE



China has taken its Belt and Road Project (BRI) to the Middle East and will be using the new Khalifa Port in the UAE as a hub. One of the biggest shipping companies in the world, Shanghai-based China Ocean Shipping Company (Cosco), has invested $300 million in the CSP Abu Dhabi Terminal.

Why are China and the UAE Bonding Big Time?

According to Arab News, this could help make it one of the biggest ports in the Arabian Gulf over the next five years. CNBC says the deal will allow the shipping company to operate and develop a new container terminal in Khalifa Port.

The Khalifa Port is located halfway between Abu Dhabi and Dubai, serves more than 25 shipping lines and has connections to 70 international destinations. Mohamed Al Shamisi, the CEO of Abu Dhabi Ports said this makes it a ‘strategic location’ for trade.

“It’s huge. We are not serving the Middle East per se, but we are serving the North African Indian subcontinent and we are transitioning point to all of these destinations.” Al Shamisi said Khalifa Port is actually the heart of the one belt one road as it has such infrastructure where the biggest ships can enter and use it as a hub.

A joint statement said the state-of-the-art facility offers facilities for full and partial bonded container shipments, the full range of container packing services, short-term warehousing for deconsolidated cargo, as well as easy connectivity with container terminals in Khalifa Port.

Trade ties between China and UAE have been growing stronger since a visit by Abu Dhabi Crown Prince Mohammed Bin Zayed Al Nahyan to Beijing in 2015. China has highlighted this new deal as a good start for the two countries pragmatic cooperation in the key area.

BRI is the Asian giant’s most ambitious infrastructure projects to date. The project is designed to link China with Asia, Europe, the Middle East and Africa. This will definitely give a boost to Beijing’s political and trade influence.

More News at EurAsian Times





Europe2 hours ago

Like India, Greece To Equip Its Rafale Fighter Jets With HAMMER Missiles?

HAMMER (Highly Agile and Manoeuvrable Munition Extended Range) missiles are air to ground precision-guided missiles developed by Safran Electronics &...

F-15EX-india F-15EX-india
Americas11 hours ago

Forget F-16s & F-35s, This Is The World’s Deadliest Fighter Jet With 100 Kills, Without A Single Loss

Over the years, the United States has developed a strategic military partnership with Israel by equipping them with the world’s...

putin-russia putin-russia
EurAsian Region13 hours ago

Russian Sukhoi Su-34 Jet Displays ‘Path-Breaking’ Capabilities; Makes Its First Flight Into The Stratosphere

Russian fighter-bomber aircraft Su-34 carried out a night-time combat exercise reaching to the heights of 15 kilometers at lower stratospheric...

Putin-Macron Putin-Macron
Europe16 hours ago

French President Emmanuel Macron Blames Azerbaijan For Starting Conflict With Armenia

French President Emmanuel Macron on Wednesday voiced solidarity with Armenia amid its conflict with Azerbaijan over disputed Upper Karabakh region....

Israel-Turkey Israel-Turkey
Europe19 hours ago

Greece Turning Into Another Israel: The Way US Backed Israel, EU Is Supporting Greece – Turkish Experts

With growing military confrontations in the Eastern Mediterranean between Greece and Turkey, several European Union (EU) nations have got itself...

Indian-Flag Indian-Flag
Featured19 hours ago

200,000 Muslim Children Disappeared From Uttarakhand Overnight: Another Smear Campaign Or Truth?

A news is getting viral on WhatsApp and Social media in India which EurAsian Times has access to. The news...

Asia Pacific20 hours ago

How India, China Conflict In Ladakh Is Becoming A ‘Test Platform’ For Drone Technology?

In a bid to compete with one another, India and China have been deploying their heavy weaponry and latest armaments...

India-Pakistan ties India-Pakistan ties
Featured20 hours ago

Pakistan Slams India For “Illegally” Freezing Amnesty’s Bank Accounts

Pakistan’s foreign minister – Shah Mahmood Qureshi on Wednesday lamented India “illegally” freezing Amnesty International’s bank accounts and called on...

Featured23 hours ago

Russia, China or The US: Which Country’s Air Force Operates The World’s Fastest Fighter Jets?

Ahead of the dawn of sixth-generation fighter jets including Britain’s “Tempest”, US’ secret fighter under NGAD program, and proposed Russian...

Trillion-Dollar-Infra Trillion-Dollar-Infra
Americas1 day ago

“Shut-Up Man!”: Donald Trump Has A Face-Off With Joe Biden At US Presidential Debate

US President Donald Trump and Democratic nominee Joe Biden clashed Tuesday evening during a political showdown that repeatedly broke down...