Saudi Arabia, China strengthens the bonds with $ 1.74BN investment fees in Beijing
Saudi Arabia and China sign up to 42 investment agreements set over $ 1.74BNN during Saudi-Chinese Business Forum in Beijing.
The signing event was traveled by the industry minister and the Mineral Resources of Alphorayef.
Agreements covered by developed sectors including advanced industries, intelligent vehicles, energy solutions, medical devices, equipment, equipment, and mineral resources. The forum, organized by the Federation of Saudi Chambers, cover 200 200 Saudi companies and Chinese companies, beside the private sector, development of cooperation and integration strategies.
Saudi and China Investment Ties
In his important talk, Alkhorayef was a business role of Saudi-Chinese business business in facilitating cooperation and construction framework for the development of 2006.
He said the council was a mechanism to enable independent economic objectives.
Alkhorayef observed the solid development of Saudi-Chinese economic relationships, under the rapid growth of a commercial volume, reaching approximately SR403BN ($ 107bn) in 2024 – over 20.
The State has removed the leading supplier of the fat Chinese, petrochemicals, and improved, and China is a major source of import, especially equipment, electronic equipment, and consumer goods.
With the expansion of investment, the Chinese capital entered the Kingdom on 20 percent in 2024 to pass SR31BN ($ 8.3bn).
This investment focuses on the production of mines, automobiles, and petrochemicals, and more than 750 Chinese Chinese companies working in Saudi Arabia.
Their contributions have set up in large projects such as nomes and industrial cities including the Jubail and Jazan. The China’s investment has also increased, passing SR8BN ($ 2.1bn), supported by memorandum to understand between the investment fund and Chinese financial institutions expressed at $ 50BN.
The Minister of Public Minister highlighted the good alignment of Saudi Vision 2030 with Chinese and the first belt, both want to improve the connecting, trading, and outstanding industry programs.
He also described the most important areas of importance against the industrial plan, covering areas from food, sectors and military industries to the industry’s industry such as:
- Artificial intelligence
- Additional Production
- Advanced industries
In the mine, Alkhorayef emphasized the complete state strategy to open mineral resources and increase creating price.
He has put partnership with China Geo Geological survey to contribute to new access to Saudi Arabia.
He also noted the impact of evolution by improving the attractiveness of state, government jumping in the state marketing industry, from 104 to 23 to 23 to 23.
