CAG Funds and NBICT will jointly establish a commercial and financial platform for FTZs.

Chairman of CAG Funds Group, Mr. Najib Choufani, signs a Strategic Agreement with state-owned Investment Holdings Co, Ltd. of the National Base for International Culture Trade (Beijing) and the Beijing Tianzhu Free Trade Zone Administration and a subsidiary of CAG Funds to jointly establish a commercial and financial platform for Free Trade Zones. The platform will invest in the development and promotion of cross-cultural FTZs between China and GCC (Gulf Cooperation Council) countries in the Middle East. The platform will operate under the ‘One Belt, One Road’ framework combined with similar government initiatives in the Middle East, such as, the Saudi ‘2030 Vision’ and others.