China keen on boosting investments in Jordan, Arab world

AMMAN — China is keen on boosting investments in Jordan and the Arab world, Chinese Ambassador to Jordan Pan Weifang said on July 9.

"Chinese investors are focusing on Jordan for more investments because of the country's stability and strategic location to key neighboring markets," the ambassador said in a press conference on the occasion of the 8th ministerial meeting of the China-Arab States Cooperation Forum, which will kick off in China on July 10.

China is also keen on increasing its investments in various sectors in the Arab world as part of the strategic ties between China and Arab countries, Pan said.

The ambassador said Chinese investments in Jordan have already created over 10,000 jobs for Jordanians.

He said China will shed light on the Belt and Road Initiative during the forum, adding that the potential benefits for China and the Arab world are huge.

"The initiative will help increase trade ties and cooperation with the entire Arab world," said the ambassador.

Proposed in 2013, China's Belt and Road Initiative aims to build trade and infrastructure networks connecting Asia with Europe and Africa on and beyond the ancient Silk Road routes. It comprises the Silk Road Economic Belt and the 21st-Century Maritime Silk Road.