May EN 2019

Commenting on the growing relations between China and GCC states which have become key trade partners of the Asian giant, the report said that many cities and sites across the region are witnessing the development and establishment of Chinese industrial cities and economic zones, with the tourism sector being the largest beneficiary of the growing influx of Chinese tourists to the region. In addition, the infrastructure sectors are as well benefiting from the growing relations with China. 3 Mazaya Monthly Real Estate Report - Week 1 - May 2019 Calling for ‘seizing the moment because same kind of opportunitieswill never come twice’, Al Mazaya Holding's weekly real estate report says that a 12,000-kilometer project running from China to London, directly impacting the economies of 65 countries across Asia, Europe and Africa, where more than four billion people are living, represents an exceptional opportunity to maximise direct and indirect investment returns. The total investment value of the mammoth project is expected to hit more than $200 billion, which will be used to achieve economic integration, increase the volume of trade exchanges and strengthen interdependence between East and West through the establishment of integrated road and sea networks, railways, oil pipelines and power lines. Therefore, the governments of the Gulf region have an exceptional opportunity to step up the movement and flow of merchandise trade and services through the infrastructure they already possess. Such huge benefits mean that the countries of the region must be involved as full-fledged and influential partners in this project, which has comprehensive strategic control plans and integrates in one way or another with the development strategies the GCC states are implementing ahead of 2030. According to Al Mazaya Holding, the new Silk Road will further underpin the economic and investment momentum in relations between China and the Gulf region, by stimulating port and shipping operations while stepping up oil supplies to China in particular and East Asian countries in general.