For this purpose, two hotels will be built in Muynak, and a yurt camp will be built at the entrance to the Aral Sea," according to CAREC
Sanjaasuren Bayara, Director of CAREC
Institute gave the overview of the workshop in his welcome remarks and explained CAREC
Institute's role in capacity building and knowledge sharing among the 11 CAREC
Deputy Director, CAREC
Institute Dr Ziqian Liang commented SEZs were not only for extracting economic benefits, but also meant for designing innovation, best practices and knowledge transfer.
focal person in Pakistan, Syed Mujtaba Hussain, encouraged all government agencies to submit practical and viable project proposals.
The multitranche financing facility (MFF) will upgrade and rehabilitate a total of 747 km of road along the CAREC
Projects that predate CPEC, such as the Iran-Pakistan gas pipeline, or the CASA transmission line or the gas pipeline from Turkmenistan, all deserve to be energetically followed up on, as well as the projects under CAREC
, which dovetail with CPEC.
At the same time, CAREC
will maintain focus and its comparative advantage in the existing priority areas of transport, energy, trade, and economic corridors development.
The Prime Minister offered to share Pakistan's expertise in stock market to other members countries of CAREC
partnership works to create a network of multimodal transport corridors that open up economic opportunities and intercontinental trade, building a global future for Eurasia.
China's Vice Minister of Finance Hu Jinglin also announced that the Chinese government has formally approved the decision to build the CAREC
Institute as an intergovernmental organization.
Founded in 1997 CAREC
is now a partnership of the countries - Afghanistan Azerbaijan People's Republic of China Kazakhstan the Kyrgyz Republic Mongolia Pakistan Tajikistan Turkmenistan and Uzbekistan - and six multilateral institutions: ADB European Bank for Reconstruction and Development International Monetary Fund Islamic Development Bank United Nations Development Programme and World Bank.