[Gulf states are pouring money into Iraq] Twenty years after the Iraq War, Saudi Arabia, the United Arab Emirates, Qatar and other Gulf countries have for the first time invested billions of dollars in housing and other sectors in Iraq, setting off an investment boom in Iraq. Saudi Arabia says it has invested more than $5 billion in various sectors in Iraq, particularly housing projects in Baghdad. Saudi Arabia's sovereign wealth fund, PIF, said it would set up a $3 billion investment arm in Iraq that would cover infrastructure, mining, agriculture, real estate development and financial services. The Saudi ambassador to Iraq said that Iraq's "Baghdad Avenue" project is the largest Saudi investment project in Iraq, the investment scale of about 1 billion dollars, will build shopping malls, 4,000 apartments and 2,500 villas. The United Arab Emirates, the first Gulf country to invest in Iraq, said it was optimistic about real estate projects in the Iraqi capital Baghdad and would expand its investment in Iraq. The UAE company Emaar plans to invest $3 billion in housing projects in Baghdad. Qatar is investing in the Baghdad housing project in a public-private partnership of an unspecified size, and said it would increase its investment in Iraq. Iraqi government officials said Baghdad will have 10 real estate projects announced in the future, with an initial estimate of about $15 billion worth of projects, which are backed by investment from Saudi Arabia and other Gulf countries. Editor/Xu Shengpeng

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• 2024.05.07 17:10
• [Qatar has announced the launch of a national renewable energy strategy]
• Qatar Hydro Corporation (Kahramaa) today announced the launch of the Qatar National Renewable Energy Strategy (QNRES) to advance the sustainable development goals of Qatar's National Vision 2030. The strategy, developed by Kahramaa in coordination with 22 major energy entities in the country, aims to increase and diversify the use of renewable energy, with a focus on the use of solar power. With more than 2,000 KWH of solar power per square meter per year, Qatar ranks first in the world and is one of the countries with the greatest potential to produce photovoltaic power. According to the newly published strategy, Qatar aims to expand its large-scale renewable energy facilities to about 4 GW by 2030, while installing about 200 MW of distributed solar power generation equipment. The strategy will not only reap economic benefits, but also focus on environmental protection, improving air quality and contributing to Qatar's energy security through the diversification of the country's sources of power generation. Editor/Xu Shengpeng

• 2024.05.07 17:10
• [Malaysia is actively building a logistics hub in Southeast Asia]
• The Malaysian government has developed short - and long-term strategies aimed at strengthening the competitiveness of the country's major ports, namely Port Klang and Tanjong Palapas. Malaysian Transport Minister Lok Siu-fook said the strategy covers increasing port capacity, improving efficiency and productivity, and transforming to a low-carbon green port. In recent years, Malaysia has vigorously developed its port economy through a number of initiatives such as port expansion, port digitization and the establishment of free trade zones, and is committed to becoming a logistics hub in Southeast Asia. With the deepening of the Belt and Road Initiative, China and Malaysia have deepened port cooperation and further upgraded the level of port infrastructure construction and operation in Malaysia. At present, the Belt and Road cooperation between China and Malaysia has formed a pattern of the Malaysia-China Kuantan Industrial Park in the East, the Kuantan Port "One Park and one port", and the Port Klang in the west through the East Coast Rail line. Editor/Xu Shengpeng