Silk Road Shipping promotes connectivity, facilitates trade

STORY: Silk Road Shipping promotes connectivity, facilitates trade DATELINE: Sept. 10, 2022 LENGTH: 00:01:35 LOCATION: XIAMEN, China CATEGORY: ECONOMY SHOTLIST: various of vesselsvarious of XiamenSOUNDBITE 1 (Chinese): CHEN LILI, Deputy General Manager of Xiamen Port Logistics Co., Ltd.SOUNDBITE 2 (Chinese): PAN HUA, Head of representative office Shanghai, Port of Hamburgvarious of containersSOUNDBITE 3 (Chinese): CHEN HONGJUN, Site manager of DB Schenker Xiamen STORYLINE: Corporate executives attending a forum in China's Xiamen say that Silk Road Shipping has been playing an important role in promoting maritime connectivity and deepening opening-up and cooperation. Silk Road Shipping is an alliance jointly initiated in late 2018 by dozens of ports, carriers, and logistics service providers in countries along the Belt and Road. Xiamen launched Silk Road shipping services in 2018. SOUNDBITE 1 (Chinese): CHEN LILI, Deputy General Manager of Xiamen Port Logistics Co., Ltd. "We are committed to providing cr

Saudi investment fund subsidiary invests 1.3 bln USD in Egyptian firms

STORY: Saudi investment fund subsidiary invests 1.3 bln USD in Egyptian firms DATELINE: Aug. 11, 2022 LENGTH: 00:00:53 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: various of cargo handling at port and vesselsvarious of people working in fields STORYLINE: A subsidiary of the Saudi Public Investment Fund (PIF) has acquired minority stakes in four Egyptian companies for 1.3 billion U.S. dollars, Egypt's Ministry of Planning and Economic Development said on Wednesday. This comes as Egypt ramps up its effort to entice foreign investors, the ministry said in a statement. The Saudi-Egyptian Investment Company (SEIC) has obtained minority holdings of Abu Qir Fertilizers and Chemical Industries Company, Misr Fertilizers Production Company, Alexandria Container and Cargo Handling Company, and E-Finance for Digital and Financial Investments, all of which are listed on the Egyptian Exchange. "The deal is a part of the country's plan to encourage foreign direct investments and lure Arab and foreign investor

GLOBALink | Belt and Road Initiative benefits Indonesia: expert

STORY: Belt and Road Initiative benefits Indonesia: expert DATELINE: May 25, 2022 LENGTH: 00:01:40 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: various of vesselsvarious of trainsSOUNDBITE (English): VERONIKA SARASWATI, Researcher at Indonesia's the Center for Strategic and International Studies STORYLINE: An Indonesian expert has spoken highly of the China-proposed Belt and Road Initiative (BRI) as it is beneficial to her country's development. SOUNDBITE (English): VERONIKA SARASWATI, Researcher at Indonesia's the Center for Strategic and International Studies "China always promotes the peaceful development, peaceful cooperation between countries. Not only for ASEAN, but in African countries, and then Latin America, China has very positive contributions for the economic development. Under the concept of the Chinese government on how to develop the country successfully, it successfully developed the country. So this is the good proof, and this is the good example, good experience to inspire other countr