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China increases Middle East investment as US backs out of region

The Belt and Road Initiative would help China impose greater influence over Central Asia and the Middle East through increasing trade and construction contracts. ....

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How Iraq Became the Top Link in Beijing's Belt and Road Strategy

How Iraq Became the Top Link in Beijing's Belt and Road Strategy
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Iraq was top target of China's Belt & Road in 2021- study | Hellenic Shipping News Worldwide

Iraq was the top target for China’s Belt & Road infrastructure initiative in 2021, receiving $10.5 billion in financing for projects including a heavy oil power plant, a study published on Wednesday said. In total, China’s engagement through investments and contractual cooperation across the 144 Belt & Road Initiative (BRI) countries was $59.5 billion, in . ....

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Iraq was top target of China's Belt & Road in 2021- study

(Reuters) - Iraq was the top target for China s Belt & Road infrastructure initiative in 2021, receiving $10.5 billion in financing for projects including a heavy oil power plant, a study published on Wednesday said. In total, China s engagement through investments and contractual cooperation across the 144 Belt & Road Initiative (BRI) countries was $59.5 billion, in line with the $60.5 billion in 2020, according to the report by the Green Finance & Development Center at Shanghai s Fudan University. However, in Arab and Middle Eastern countries, investment last year rose by about 360% and construction engagement by 116% compared to 2020, the study said. Iraq, where the United States ended its combat mission last year, has become the third-biggest partner in BRI for energy engagement since 2013, after Pakistan and Russia, the study said. China and Iraq are cooperating to build the $5 billion Al-Khairat heavy oil power plant in Karbala Province in Iraq and China Sinopec has won the cont ....

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Iraq top target of China's Belt and Road in 2021: study

Iraq was the top target for China’s Belt and Road infrastructure initiative last year, receiving US$10.5 billion in financing for projects including a heavy oil power plant, a study published on Wednesday said.
In total, China’s engagement through investments and contractual cooperation across the 144 Belt and Road Initiative (BRI) countries was US$59.5 billion, in line with the US$60.5 billion in 2020, according to the report by the Green Finance and Development Center at Shanghai’s Fudan University.
In Arab and Middle Eastern countries, investment last year rose by about 360 percent and construction engagement by 116 percent compared with 2020, the study ....

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