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GE has hosted a forum "From China to the World 2018" to collaborate on infrastructure development in the energy sector. The event brought together more than 600 industry sector infrastructure experts, including government officials and representatives of Chinese engineering, procurement and construction companies as well as project and fund users. The Forum, the fifth edition of this year's event, is the first event organized by the private sector to bring together international experts to share information and insights and to examine how best to benefit from the opportunities offered by the road initiative countries and the Chinese belt.
Participants were invited to a session to discuss views on the current and political implications of road and belt initiatives in the Middle East, North Africa and Pakistan. The discussion session on the energy sector in Iraq was one of the main topics discussed by the participants, focusing on the latest developments in the market and the models of projects and financing mechanisms necessary to take advantage of the advantages of road and belt initiatives in the country. Iraq has a strategic location along the main artery of the Road and Belt Initiative, which is evident in the continued growth in oil trade with China. At this stage, when Iraq attaches the highest priority to strengthening the infrastructure of the electricity sector, China and international technology providers can support the reconstruction efforts of the country through cooperation in a way that benefits the parties concerned.
Nabil Habayeb, President and CEO of GE in the Middle East, North Africa and Turkey, said: "Energy savings and tangible economic benefits in the region require concerted efforts to provide the latest technologies and engineering and financial capabilities. "GE is pleased to partner with customers, partners and stakeholders to further build synergies towards building an integrated infrastructure for future energy infrastructure."
Since the launch of the China Belt and Road Initiative, more than 100 countries and international institutions have committed themselves to supporting and participating in the development of markets throughout the initiative, which has resulted in the initiation and implementation of several public projects. GE has been working with China's engineering, procurement and construction companies for more than 20 years and has contributed over 35 gigawatts to emerging markets with an additional 20 gigawatts in projects currently being implemented or announced under a half- The first of 2018.
The Forum highlighted a number of outstanding projects including the Hussain Clean Coal Complex in Dubai, United Arab Emirates and the Bahiki Power Plant in Pakistan. The Husayn complex is the first of its kind in the Middle East's clean coal power plants, GE's advanced environmental management techniques and the financing provided by the Silk Road Fund. On the other hand, the Bhicki plant is the first project in Asia to employ GE's 9HA gas turbines, which has added up to 1,180 megawatts of power to the national grid, enough to power about 2.4 million homes In Pakistan.
Previous versions of the "From China to the World" forum discussed building a system of knowledge sharing among partners who collaborate on projects within the Road and Belt Initiative areas, including training initiatives and the development of new business models.
At the same time, the new business models proposed by the Forum include joint market development, co-financing and joint operations. These efforts include the realization of projects for long-term benefits in local markets, enabling companies to capitalize on China's capital markets, share global finance resources, activate the role of engineering, procurement and construction companies in the development of new facilities and play a greater role after construction, Finance.
The China-to-the-World forum for cooperation in the development of energy sector infrastructure is a platform to learn about the latest technology developments, insights and experiences in the global markets and looks forward to contributing to providing the best energy solutions to the markets most in need as growth pillars.
Notes to editors:
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