The Chinese Embassy in Kuwait said Wednesday that China hopes to integrate its Belt and Road Initiative with Kuwait's development strategy to promote beneficial cooperation.
In a lecture at the Australian College of Kuwait (ACK), Cheng Yongru, economic and commercial counselor at the Chinese Embassy in Kuwait, explained in details the concept and content of the Chinese initiative, as well as the broad prospect of the Sino-Kuwait cooperation within the framework of the initiative.
"Through this lecture... I would like to share and exchange with the audience some of our ideas and practices with an aim to enhance communication and promote mutual understanding," said Cheng.
"We also want to promote the integration between the Belt and Road Initiative and Kuwait's development strategy so as to promote mutually beneficial cooperation in trade and infrastructure," he noted.
The audience, including teachers, students and local businessmen, expressed the hope to further understand how the initiative will integrate resources and promote China's cooperation with countries along the ancient trade routes.
Arther Seakhoa-king, assistant professor at the ACK Business School, said it was the first time for him to know what the Belt and Road Initiative really means.
"It was very pleased to understand that the initiative involves everybody, wherever they are, in Africa, the United States or Europe. The Belt and Road Initiative is an opportunity for everybody," he said.
Li Biao, secretary general of the Association of Chinese Companies in Kuwait, said Kuwait is an important market for Chinese enterprises, many of which have entered the Kuwaiti market since the initiative was put forward in 2013.
"At present, many Chinese companies are dedicated to the construction of large roads and bridges in Kuwait and the planning and construction of new cities. Under the framework of the initiative and 'Kuwait 2035,' there will be a very good development prospect for Chinese companies," Li said.
The initiative, proposed by China in 2013, aims to build a trade and infrastructure network connecting Asia with Europe and Africa along ancient trade routes.
In February 2010, the Kuwaiti government unveiled the "Kuwait 2035," a national development strategy to turn the traditionally oil-dependent country into a trade and financial hub.