On May 15, 2018, China and Oman signed a memorandum of understanding on the BRI. Thanks to this agreement, Oman is committed to participating in the realization of the new Silk Roads.
US withdrawal from this agreement may have several consequences on relations between China and Iran and the development of the new Silk Roads.
On April 30 and May 1, 2018, was held in Dubai, the fourth international conference of the WFZO (World Organization of Free Zones) gathering near 200 attendees from all continents. This conference was preceded by special workshops including one dedicated to the new Silk Roads.
In August 2017, several initiatives took place in the Persian Gulf that illustrated regional interest in the BRI. Dubai-based Hamdan Bin Mohammed Smart University organized a round table on Islamic finance and the Belt and Road initiative. This event brought