• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
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    • DOI: 10.18178/JOEBM
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HOME > Archive > 2022 > Volume 10 Number 4 (Aug. 2022) >
JOEBM 2022 Vol.10(4): 258-262 ISSN: 2301-3567
DOI: 10.18178/joebm.2022.10.4.708

Construction Building of Belt and Road Initiative in the Middle East: How Does BRI Affect the Country Economy

Hanyu Chen, Jin Dai, Weijie Tang, and Luyao Xu

Abstract—Connecting Asia, Africa and Europe, the Middle East is the transport hub of the eastern and western hemispheres and the transport network at the eastern and western ends of the Eurasian continent. It is located at the intersection of the Belt and Road Initiative. Middle Eastern countries account for more than half of the world’s proven oil reserves and about a quarter of the world’s oil output. At present, China and Middle East countries have established several corporations at different field, which collectively referred as the Belt and Road initiative project. One of the most important part that this project contains is the build of constructions, including basic infrastructure, mineral industry and the development of innovative constructions such as the 5G tower. These projects help Middle East countries better trade on their global markets and the project itself also brings future benefits and investment to the country. With more basic construction developed in the future, the economic and trade relations between China and Middle East countries will be further strengthened.

Index Terms—Digital silk road, mineral trade, oil trade.

Hanyu Chen is with the College of Mathematics, Southern University of Science and Technology, Shenzhen, China. Jin Dai is with the Social Behavior and Science College, University of Massachusetts Amherst, Amherst, USA (e-mail: jdai@umass.edu). Weijie Tang is with the Kogod Business School, American University, USA. Luyao Xu is with the College of Finance and Statistics, Hunan University, Hunan, China.

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Cite:Hanyu Chen, Jin Dai, Weijie Tang, and Luyao Xu, "Construction Building of Belt and Road Initiative in the Middle East: How Does BRI Affect the Country Economy," Journal of Economics, Business and Management vol. 10, no. 4, pp. 258-262, 2022.

Copyright © 2022 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

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