China will loan large amounts of money to the Arab states in the Middle East and Africa, according to Chinese President Xi Jinping. The money will be provided for projects that will produce good employment opportunities and positive social impact in Arab States that have needs in new infrastructures. “There is a great solution to many issues related to safety and security”, he said during the meeting of representatives of twenty Arab countries in Beijing.
President Xi has pledged more than US $ 20 billion to be provided for this purpose. This amount will be spent on the “economic reconstruction” and “industrial revival” that would include cooperation on oil and gas, nuclear and renewable energy.
