UAE to benefit from “digital Silk Road”

China has realized that the UAE is a crucial part of the Belt Road Initiative. I want to mention that because the Belt Road Initiative is a very important strategic, long-term initiative of the Chinese government. So, the UAE plays a very crucial role as a hub for the Middle East, Africa, and other parts of Asia. In the broader policy context, we have the big ecosystems like Alibaba that are massively investing in expanding their cloud services, payment services, smart logistics network, which are then going to land in places like the UAE. A lot of the innovations are coming from “changemakers” – companies that have consumer-oriented business models and are looking for markets outside of China. In such an environment, places like Southeast Asia and the Middle East are not necessarily the “lowest hanging fruit”, but are definitely the most likely candidates to attract them.

Read more: AMEInfo