China-Kuwait: Adding threads to the Silk Road

Date: Aug 2018

New Regional Views

China-Kuwait: Adding threads to the Silk Road

Kuwait-China trade stood at USD 12B in 2017, up 80% from 2008. China is Kuwait’s largest source of imports and the latter is China’s fourth largest Arab world crude oil supplier.

One of the world’s longest causeways is being built to Kuwait’s north with the aim of reviving the ancient Silk Road trade route.

China will play a key role in making Silk City a model of cooperation among states along the Silk Road Economic Belt and the 21st-Century Maritime Silk Road.

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New MENA Monthly

It's a scorcher in parts of MENA

We expect 2018 growth in Saudi Arabia to be closer to the government forecast (2.7%) and possibly higher, versus the IMF’s 1.9%, due to higher oil output in 2H.

Legalising cannabis cultivation and exports in Lebanon is expected to face a complex web of competing interests and stiff opposition from Hezbollah, for whom the Bekaa is a base of support and operations.

Demonstrations in Morocco’s Rif may continue but we do not expect the protests to gain further strength given they have already weakened since June 2017 and over 60% of its activists have been arrested.

President Xi Jinping outlined for the first time China’s approach to collaborating with Arab states and pledged USD 20B in loans and over USD 100M in financial aid.

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