OBOR, INITIATIVE,OPPORTUNITIES AND CHALLENGES This case was written by Professor Dr Muhammad I Ramay, Mr. Shahid Nawaz Assistant Professor, and Ms Rabia Shareef Assistant professor of Bahria University, Islamabad, Pakistan. It is intended to be used for basic class discussion rather than to illustrate either effective or ineffective handling of funds and projects. © 2017, Bahria University Islamabad Pakistan No part of this publication may be copied, stored, transmitted, reproduce or distributed in any from or medium whatsoever without the permission of the copyright owner. Introduction One Belt, One Road ( OBOR ) is a Chinese initiative, launched by President Xi Jinping in 2013. Its focus is on improving and re- building centuries’ old trading routes, recreating linkages and establishing / enhancing business opportunities with China. The OBOR would connect over 60 countries with almost 60 % of world’s population across four continents, Asia, Europe, the Middle East, and Africa. The countries woven around the web of OBOR include: 16 countries from Middle East and Europe, 11 countries from Commonwealth of Independent States (CIS), 16 countries from West Asia and North Africa, 8 countries from South Asia, and 11 countries from Southeast Asia. As of today, 16 of the China’s 27 provinces are part of OBOR. The other provinces are yearning for joining the OBOR since it is a clear opportunity to catch up with the more advanced provinces especially those lying in the east of China. OBOR consists of two main components, Silk Road Economic Belt (SREB), and Maritime Silk Road (MSR). The former would be an “Eurasian Land Bridge” --- a logistics chain from China ’s east coast to all the way to the western part of mainland Europe reaching Rotterdam in The Netherlands. At the same time, China is developing certain economic corridors connecting landlocked and underdeveloped economies of countries like Mongolia, Central Asian States and South East Asia. Among them the most prominent is China Pakistan Economic Corridor (CPEC) being pursued vigorously both by China and Pakistan and constructing / developing roads / highways, port at Gwadar at the mouth of the Persian Gulf. As an integral part of CPEC projects China is installing electricity generation plants all over Pakistan that would become available not only to the people of Pakistan but also for the industrial plants that would be built in foreseeable future along Distributed by The Case Centre North America Rest of the world t +1 781 239 5884 t +44 (0)1234 750903 All rights reserved f +1 781 239 5885 f +44 (0)1234 751125 e [email protected] e [email protected] case centre 317-0154-1 Master copies are for author use within the copyright holding school. For usage outside this, please order copies at .
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- I Ramay