Union of Arab Chambers Honorary Chairman and Fransabank Group Chairman Adnan Kassar welcomed all the participants in his opening address confirming the strategic Chinese Arab relations and calling for effectively establishing cooperation avenues, partnerships and ties between China and the Arab world, with the banking sector cooperation playing a pivotal role in such ties.
The opening of the Forum witnessed the signing of two separate MoUs by the Lebanese Ministry of Industry and the Asian Financial Cooperation Association with Fransabank Group, the first Arab bank to establish a China Desk dedicated to serving the Chinese entities active in Fransabank markets as well as the local entities dealing with China. Fransabank’s MoU with the Asian Financial Cooperation Association aims to strengthen ChinaArab research, events, exchanges and partnerships. The MOU with the Lebanese Ministry of Industry, on the other hand, has two key targets and they are to develop the Lebanese industry by establishing key Industrial parks throughout the country and initiating renewable energy projects in the industrial sector. These targets and goals coincide with those of Fransabank Group which aims to see Lebanon play an important role on the Belt and Road initiative and specifically by inviting Chinese groups and investors in working in Lebanon.