Establishment of a Sino-Arab Banking Association in Beijing

The eighth session of the Sino-Arab Cooperation Forum in Beijing recorded the creation of a Sino-Arab Banking Association which aims to channel financial assistance to development projects, mainly those related to the Chinese initiative. from the “Silk Road” – “One Belt, One Road”.
It is an initiative of internationally renowned banks, proceeding from China and the Arab countries, among others, the China Development Bank, the Lebanese bank Fransabank, the National Bank of Abu Dhabi and the Moroccan bank BMCE Bank. Other financial institutions are announced to join.
It should be noted that, as the first of its kind, the association wants to be a pillar in promoting the partnership between these institutions in terms of services and financial support in order to support, as a matter of priority, the realization of infrastructure projects, telecommunications as well as rehabilitation and construction of ports and airports.