What's going on with the Chinese construction on the Arab countries' coins
The Ministry of Foreign Affairs recently issued a report on China-Arab cooperation in the new era, reviewing the history of friendly exchanges between China and the Arab countries, sorting out the practice of friendly exchanges between China and the Arab countries after the founding of the new China, especially at the new stage of the new century, and looking forward to the prospects and direction of building the destiny of the Chinese and Arab countries***same body.
The report mentioned that with the accelerated development of the industrialization process in Arab countries, China-Arab cooperation in industrial investment, connectivity and engineering contracting has been pushed forward. China-built projects such as the Grand Mosque in Algeria, the Lusail Stadium in Qatar, the new headquarters building of the Central Bank of Kuwait, the Sultan Danish Lowy Dam, the Rousselles Dam, and the Upper Atbara Water Conservancy Pivot have achieved good economic and social benefits, and are printed on the currencies of these countries.
What do the Arab countries mainly rely on to make money
Saudi Arabia's national economy mainly relies on the export of oil. The oil resources of West Asia are mainly located in the Persian Gulf and its coastal areas, and Saudi Arabia, Iran, Kuwait and Iraq are the world's important oil-producing countries. West Asia's oil production and sales of the original control in the hands of the Western monopoly, after a long struggle, Saudi Arabia, Iran, Kuwait and Iraq and other countries have mastered the development of their own oil resources autonomy. Oil has brought enormous wealth, and many oil-producing countries have the highest per capita national income in the world.
Saudi Arabia is one of the world's largest oil exporters, and in recent years the economy has developed rapidly and attracted much attention. Saudi Arabia has implemented the main strategy of diversification of national income, privatization of economic agents and Saudiization of national employment. Saudi Arabia's development strategy includes expanding oil and gas production capacity and consolidating the basic position of oil in the national economy; encouraging the development of non-oil economy and expanding the export of non-oil products; promoting the development of the private economy and relaxing the restrictions on the private economy; increasing the opening-up efforts and actively attracting foreign investment; accelerating the construction of infrastructure and consolidating the foundation of economic development. Saudi Arabia established the economic development goal is to become the world's top 10 economic most dynamic countries, by 2020 the petrochemical industry production capacity to reach the world's top 10.
The Kingdom of Saudi Arabia, commonly known as Saudi Arabia, referred to as Saudi Arabia. Located in southwest Asia on the Arabian Peninsula, east of the Persian Gulf, west of the Red Sea. Saudi Arabia's terrain is high in the west and low in the east. Most of the territory is a plateau. The desert is widely spread, the northern part of which has a large Nevd desert, and the southern part has the Rubb Hari desert.
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