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Since its launch in 2013, China's Belt and Road Initiative (BRI) has fundamentally changed China's relationship with developing nations, especially in the Middle East. The BRI seeks to forge economic corridors via massive infrastructure investments, enhancing trade routes and fostering development.
Mega-Projects in Saudi Arabia and Iraq
One of the crown jewels of China's regional investments is the futuristic city of NEOM in Saudi Arabia—an ambitious project positioning the Kingdom as a tech-driven global power. China is financing around half a trillion dollars toward NEOM's development, which aims to host up to 9 million residents immersed in artificial intelligence and advanced technologies.
Additional projects include: