Africa is becoming an indispensable part of the Belt and Road Initiative. After years of work, it has become a region where the initiative has achieved fruitful results.
On Thursday, China's President Xi Jinping started a state visit to the United Arab Emirates. This is his first overseas visit after he was re-elected president earlier this year. It is also the first time that China's head of state has visited the UAE in the past 30 years.
Some of the world’s renowned companies, such as the law firm Baker McKenzie and global real estate giant Knight Frank, have called the initiative a silver bullet for Africa, detailing opportunities presented by the Belt and Road to the continent.
A new globalization template inspired by the Belt and Road Initiative is a central aspect of China's strategy to expand its reach and influence throughout the attractive Middle East market.
Reviving the ancient silk road to foster trade and development between the East and West under China’s Belt and Road Initiative (BRI) has been grabbing headlines since its launch in 2013. Back in 2010，UNWTO formulated a similar concept to develop economies along the ancient Silk Road through promoting tourism. China, a member of UNWTO and active member of their Silk Road Action Plan, assisted the UNWTO in funding this project through the China Development Bank. China has since developed its own initiative – the BRI. The BRI is a more sophisticated, holistic and inclusive version of the Silk Road Action Plan, which includes both the Silk Road Economic Belt and 21st Century Maritime Silk Road, and expands the areas of cooperation far beyond tourism.