Agreements worth Billions of Dollars between Saudi and Chinese Companies

  • Riyadh, KSA
  • 9 December 2022
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Chinese and Saudi companies have signed 34 agreements to invest in clean energy, information technology, cloud computing services, transportation, construction, and other sectors.

The Saudi Crown Prince, Prince Mohammed bin Salman bin Abdulaziz Al Saud, received Chinese President Xi Jinping, who is visiting the Kingdom for three days, amid efforts to enhance cooperation between Beijing and the Arab countries, at various levels.

The Saudi Minister of Investment, Khaled Al-Falih, confirmed that the agreements reflect the Saudi government's keenness to develop relations in all fields, including economic and investment, with China.

Al-Falih said that the visit would contribute to raising the pace of economic and investment cooperation between Saudi Arabia and China. He pointed out that Vision 2030 provides unprecedented investment opportunities in multiple sectors. Including renewable energy, industry, communications, information technology, biotechnology, tourism, building and construction, and others.

Source (Emirati Gulf Newspaper, Edited)

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