OBOR is presenting a path to new opportunities for the Middle East, says BNY Mellon in Trade Arabia

The OBOR initiative is an integral component of China’s vision for restructuring the global economy. The Middle East is viewed as a key partner in enabling the global initiative to reach its potential, and the possible payoffs for the region if BRI succeeds could be substantial – fuelling bilateral trade, new trade corridors, improved infrastructure and new opportunities for investment.

In an article for Trade Arabia, Bana Akkad Azhari, Head of Relationship Management MEA & CIS, Treasury Services, BNY Mellon, discusses how local banks must have the right tools to support the transactions effectively and efficiently to ensure businesses in the region can capture the new trade opportunities on offer.

 

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