抖阴短视频

DUBAI: The International Monetary Fund (IMF) has endorsed an ambitious 抖阴短视频n plan to build a $500 billion business and industrial zone extending into Jordan and Egypt, saying the project could benefit the whole region.
Jihad Azour, head of the IMF鈥檚 Middle East department, said Riyadh would need to balance the huge cost of the zone and other economic projects with its drive to cut a big state budget deficit caused by low oil prices.
But the plan to develop the zone, known as Neom, could stimulate trade and allow the Middle East to capitalize on its location as a bridge between Asia and Europe, Azour said in an interview.
鈥淚t is a signal that greater regional cooperation is back on the table,鈥� he said.
鈥淲e see value and necessity in regional cooperation.鈥�
The Neom scheme, unveiled by Saudi Crown Prince Mohammed bin Salman at an international conference in Riyadh last week, would develop industries such as energy and water, biotechnology, food, advanced manufacturing and entertainment in a 26,500 square-kilometer (10,230 square mile) zone with its own laws and judicial system.
The project has been welcomed by Jordanian officials but so far there has been little public response from the Egyptian government, a diplomatic ally of 抖阴短视频. Riyadh has indicated that much of the huge cost of the zone will be borne by the Saudi government, but a large, though undisclosed, portion would come from domestic and international private investors.
Azour said major private sector participation would be important for Neom鈥檚 success, with the Saudi government providing land and regulation rather than trying to be closely involved in most investment decisions.
Governments in the region are starting to look outward again after having spent the past five or six years focused on coping with political instability and a plunge in oil prices, he added.
鈥淎uthorities in various countries are now reassessing more and more the need to do reforms and projects to grow faster and to address the issue of job creation.鈥�
Neom could fit in with two other international economic schemes, Azour said: The Belt and Road Initiative, Beijing鈥檚 drive to win trade and investment deals along routes linking China to Europe, and the G-20 Compact with Africa that aims to promote private investment across the 颅continent.
鈥�  REUTERS