Open Access Review Article

CPEC and Saudi Arabia: Economic Implication for China and Pakistan

Maira Hilal*

M.Phil. Scholar in Asian Studies, Taxila Institute of Asian Civilization, Quaid-i-Azam University, Pakistan

Corresponding Author

Received Date:November 18, 2019;  Published Date: November 27, 2019

Abstract

China Pakistan Economic Corridor (CPEC) is a part of a strategic geopolitical move that promises not only augment the strategic position of Pakistan but also unleashing socio-economic potentials of Saudi Arabia and China. The research is an effort to highlights the interest of china and Pakistan regarding CPEC. Keeping in view the geo-strategic location of Gawadar port It also provides an insight into the challenges regarding CPEC also it endorses that why Saudi Arabia is keenly interested to join the CPEC and how its involvement boost up its economy? The proposed research is based on descriptive and analytical research methods where primary and secondary both sources are consulted by the researcher to support their argument. So In this way, the results suggest that strategically CPEC would provide a supported system to Saudi Arabia to transform its move into a truly interconnected world. This project has the potential to strengthen the macroeconomic cooperation connectivity peace and growth among different countries through trade and business opportunities which will further generate revenues for Saudi Arabia.

Keywords: CPEC, Regional connectivity, Oil trade supremacy, Iran threat, European hegemony

Citation
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