(This event was organised by MEI’s Arabia-Asia Research Cluster, as part of its monthly seminar series.)
When the People’s Republic of China (PRC) announced the Belt and Road Initiative (BRI) in 2014, Beijing initially committed $40 billion in the Middle East. Even though experts predicted the increase of Chinese foreign direct investment (FDI) in the region, the question remains how much will the committed investments change the previously existing economic relations between China and the Middle East? Across the globe, various reports use occasionally incompatible numbers to report on Chinese FDI in the Middle East. As a result of employing these different methodologies to construct and compile data, these reports arrive at contradictory results. As such, this paper attempts to present a comprehensive and detailed synthesis of Chinese FDI in the Middle East by comparing these different Chinese, international, and host country sources.
Using the different sources, this paper bridged the different datasets on Chinese FDI in the Middle East. This paper argued that the economies of China and the Middle East present distinct yet compatible institutional complementarities. These potential mutually beneficial economic structures can pave the way for future and more institutionalized economic exchanges. The paper was structured as follows. First, it analyzed the overall amount of Chinese capital inflows and FDI stocks in the Middle East, taking into account sectoral concentration and temporal variation from early 1990s to 2017. Second, by applying network analysis to the data, it attempted to map out the key Chinese actors and host country partners across the region. Finally, the paper demonstrated the argument of distinct yet compatible institutional complementarities by examining the specific case of Chinese FDI in Saudi Arabia.
About the Speaker(s)
Alvin A. Camba is a PhD Candidate in Sociology at Johns Hopkins University (JHU). He combines qualitative field research, quantitative methods, and comparative-historical analysis to examine Chinese foreign direct investments (FDI) in Southeast Asia. His previous publications have received the Terence K. Hopkins Best Graduate Student Paper Award (honorable mention) from the American Sociological Association (ASA) and the Postdoctoral and Graduate Student Publication Research Award (honorable mention) from the Critical Realism Research Network. Some of his works have appeared in the following: Everyday Political Economy of Southeast Asia (Cambridge University Press), Palgrave Communications, Extractive Industries and Society, Austrian Journal of Southeast-Asian Studies, New Directions in the Study of China and Africa (Routledge).