China ready to invest in Tripoli as part of the Silk Road

In the framework of efforts to speed up Lebanon’s accession to the new Silk Road initiative, the president of the Chamber of Commerce for Tripoli and the North, Toufic Daboosi, received on December 20 a business delegation including, Samer Hadara and the head and deputy of a specialized contracting and bridge construction Chinese company. The meeting discussed ways to build cooperation and launch major joint undertakings. Hadara pointed out that the involved Chinese firm has spelled out its readiness to develop investment projects in the Middle East region, particularly in Tripoli and North Lebanon due to the competitive and attractive advantages of the area. Similarly, Daboosi maintained that the Chinese will be the real partners for the next phase, especially with Lebanon’s signing of an agreement to access the Silk Road Initiative. “We look forward to building extensive partnerships with various Chinese and international companies,” Daboosi said, adding, “the Chinese are expected to play a pivotal and vital role at all levels in the near future.” For their part, the Chinese delegates expressed their preparedness to cooperate through workable procedures extended by the private sector dynamism in order to dodge the killing bureaucracy of the public sector. (Al Diyar, December 21, 2018) 

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