The Belt and Road Initiative in the Middle East and North Africa (MENA): A Case Study of Egypt and Saudi Arabia

Thesis title: The Belt and Road Initiative in the Middle East and North Africa (MENA): A Case Study of Egypt and Saudi Arabia
Author: Fahmi, Abdalla
Thesis type: Bachelor thesis
Supervisor: Garlick, Jeremy Alan
Opponents: Přikryl, Pavel
Thesis language: English
Abstract:
The Belt and Road Initiative is a grand strategy implemented by China in 2013 to enhance connectivity and cooperation by improving infrastructure, trade, and investments. It consists of two main components, the land-based "Silk Road Economic Belt" and the sea-based "Maritime Silk Road." Egypt and Saudi Arabia are two prominent nations in the MENA region strategically located and becoming an essential tool for China. The BRI in the MENA region is an important topic that requires further research and analysis to understand its potential political and economic impacts on these two countries. This thesis demonstrates China's political economy and how the BRI is becoming a foreign policy tool for China to achieve its economic and geopolitical objectives. The two case studies took their relations with the BRI, where a comparative study was implemented to compare the findings based on literature, news articles, and diplomatic sources. The results showed that China's growing influence and presence in the region increased infrastructure developments and projects through loans and investments. As both strive to improve social welfare, Egypt and Saudi Arabia are complementary regarding natural resources, industrialization, and creating significant potential for economic partnerships. The Suez Canal and Saudi Arabia's energy are the two main contributors to China's expanded access. Potential concerns over debt risks for Egypt will depend on the success of the projects in generating sufficient economic returns to repay the debt and the overall state of the economy.
Keywords: Belt and Road Initiative; International Political Economy; Foreign Policy; Egypt; Saudi Arabia
Thesis title: The Belt and Road Initiative in the Middle East and North Africa (MENA): A Case Study of Egypt and Saudi Arabia
Author: Fahmi, Abdalla
Thesis type: Bakalářská práce
Supervisor: Garlick, Jeremy Alan
Opponents: Přikryl, Pavel
Thesis language: English
Abstract:
The Belt and Road Initiative is a grand strategy implemented by China in 2013 to enhance connectivity and cooperation by improving infrastructure, trade, and investments. It consists of two main components, the land-based "Silk Road Economic Belt" and the sea-based "Maritime Silk Road." Egypt and Saudi Arabia are two prominent nations in the MENA region strategically located and becoming an essential tool for China. The BRI in the MENA region is an important topic that requires further research and analysis to understand its potential political and economic impacts on these two countries. This thesis demonstrates China's political economy and how the BRI is becoming a foreign policy tool for China to achieve its economic and geopolitical objectives. The two case studies took their relations with the BRI, where a comparative study was implemented to compare the findings based on literature, news articles, and diplomatic sources. The results showed that China's growing influence and presence in the region increased infrastructure developments and projects through loans and investments. As both strive to improve social welfare, Egypt and Saudi Arabia are complementary regarding natural resources, industrialization, and creating significant potential for economic partnerships. The Suez Canal and Saudi Arabia's energy are the two main contributors to China's expanded access. Potential concerns over debt risks for Egypt will depend on the success of the projects in generating sufficient economic returns to repay the debt and the overall state of the economy.
Keywords: Saudi Arabia; Foreign Policy; International Political Economy ; Belt and Road Initiative; Egypt

Information about study

Study programme: International and Diplomatic Studies
Type of study programme: Bakalářský studijní program
Assigned degree: Bc.
Institutions assigning academic degree: Vysoká škola ekonomická v Praze
Faculty: Faculty of International Relations
Department: Department of International and Diplomatic Studies

Information on submission and defense

Date of assignment: 7. 7. 2022
Date of submission: 28. 4. 2023
Date of defense: 30. 5. 2023
Identifier in the InSIS system: https://insis.vse.cz/zp/80980/podrobnosti

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