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Trade War Opens Opportunity for Chinese to Win Over the Middle East, Africa

BEIJING, CHINA – One of the largest economies in the world, China, is now having the advantage of influencing the Middle East and Africa into investing in their attractive markets, notably in their technologies.

Their progress into some of the world’s biggest untapped markets, especially in innovation and customization, made a great leap for them to take the lead.

The managing partner of Beijing-based venture capital firm MSA Capital, Ben Harburg, informed the CBNC of China’s official disconnection from its trade partner. As a result, they have to modify their resources and come up with alternative plans, utterly different from their initial plans. However, Ben emphasized that it also resulted in the acceleration of their trail to the Middle East and Africa’s interest in innovation.

With the rise of the technology, Harburg sees new opportunities in e-commerce and banking sectors, stating that most regions are struggling with only a 10% penetration rate.

The current penetration rate of China is 30%, while the current penetration rate of the Middle East is only 2%, showing a great difference between the two economies. It has come to his understanding that inviting more online users and encouraging them to contribute to e-commerce would open the door to more opportunities in the stock market.

Rafik Nayed, CEO of Bahrain’s Al Salam Bank and fellow panelist, agreed to Harburg’s statements. He pointed out that Chinese companies are interested in the opportunities that the organic markets can offer, and them sharing the same geopolitical structures heightened the interest. Chinese tech companies are also interested in launching new markets involving 500 million people and a $1.5 trillion economy.

Rafik continued by saying that China has the power to win the Middle East overall while showing a demonstration of how powerful the business competences of the Chinese, resulting in a few changes of the U.S. policy towards them.

He concluded that there had been a drastic improvement from their past situation with the Western regions.

Nayed announced a partnership of the Al Salam bank with MSA Capital to achieve the $50 million fund that will be used for assistance in the expansion of the Middle East in various Chinese companies. It will also be utilized to launch new corporations with a foundation of Chinese business models.

Security issues arose when Chinese tech companies started entering the region. And to address this concern, Nayed said in a conference that there is nothing to worry about. He puts his trust in the Chinese tech companies and claims that they can succeed.

Trade War Opens Opportunity for Chinese to Win Over the Middle East, Africa