On June, 2024, Beltway Group Co-Founder & CEO Mr. Ali Mohammed was invited to meet CICC Capital and Silk Road Fund for cooperation in the Middle East Fund and new energy projects.

CICC Capital is a private equity investment management subsidiary established by China International Finance Corporation (CICC) with the approval of relevant regulatory authorities. CICC Capital was officially established in March 2017 with the fund management scale of approximately RMB 100 billion. Currently, it has developed into one of the leading private equity investment management institutions in China. The business scope includes: asset management; Investment management; project investment; investment consulting. The types of funds managed by CICC Capital include RMB enterprise equity investment funds, master funds, infrastructure funds, etc. CICC Capital plays a leading role in the industry, contributing to exploring the best practices of private equity investment in China.

Silk Road Fund was established in Beijing on December 29, 2014, with capital contributed by the State Administration of Foreign Exchange, China Investment Corporation, Export-Import Bank of China and China Development Bank. Following a philosophy of openness, inclusiveness and mutual benefit, the Fund serves the Belt and Road Initiative (BRI) by providing investment and financing support for trade and economic cooperation under BRI, in order to promote shared development and prosperity of the BRI community. Its investments span a wide range of sectors, including infrastructure, energy and resources, industrial cooperation and financial cooperation, and aim to ensure financial sustainability and achieve reasonable returns in the medium to long term. The Fund has a total capital of US$40 billion and RMB 100 billion.

Beltway Group with its strong collaboration with financial institutions in China will continue executing high-quality projects in the Middle East markets.