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  • 24-11-18

    Kuwait, China sign agreement on Silk City plans

    (MENAFN) Kuwait and China were announced to have reached a deal on the launch of a development project on Silk City along with other five northern islands.

    The development initiative for the economic hub is in line with the New Kuwait 2030 vision, and is to strengthen the economic free zone which connects Kuwait to central Asia and Europe.

    The pact was penned by head of the Silk City project Faisal Al Medlej and the Chinese National Development and Reform Commission, reported Kuwait News Agency.

    Kuwait's Ambassador to China Samih Hayat stated: "there is mutual and substantial consensus between New Kuwait 2030 vision and the Belt and Road initiative to revive the Silk Road and establish a commercial centre to serve the world."

    MENAFN2411201800450000ID1097739145

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