Kuwait and China have signed a MoU agreement aiming to form a mechanism to develop Silk City and five Kuwaiti islands
The signing ceremony was held at the National Development and Reform Commission?s (NDRC) headquarters in Beijing, Kuwait?s Ambassador to China Samih Hayat told KUNA.
Head of the apparatus for developing the planned Silk City and Boubyan Island Faisal Al-Medlej signed the deal from the Kuwaiti side, while NDRC?s vice-chairman Ning Jizhe signed for the Chinese side.
The two sides stressed the importance of boosting their economies through China?s 2013 ?Belt and Road? initiative and revival of the historic Silk Road, he said.
Kuwait?s participation in the Silk Road project reflects HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah?s strategic New Kuwait 2030 vision, which aims to transform the country into a financial, commercial and cultural hub at regional and international levels, Hayat added.
According to reports, reviving the Silk Road project will restore Kuwait?s commercial and economic role in the region, especially since the country enjoys a distinctive geographic location, and also contribute to the prosperity of the global economy, added the Kuwaiti diplomat. There is mutual and substantial consensus between the New Kuwait 2030 vision and the ?Belt and Road? initiative to revive the Silk Road and establish commercial, vital and safe zones to serve countries across the land and sea routes, he said.
The Kuwaiti envoy indicated the next few days will see continued communication and mutual high-level visits by Kuwaiti and Chinese officials to implement what had been agreed upon between HH the Amir and Chinese President Xi Jinping during the Amir?s recent visit to China.
