The China-Saudi Investment Conference launched on Tuesday in Beijing, coinciding with a visit by Saudi Investment Minister Khalid Al-Falih.
The conference planned to cover topics such as clean energy, finance, investment, mining, metals, tourism
The China-Saudi Investment Conference launched on Tuesday in Beijing, coinciding with a visit by Saudi Investment Minister Khalid Al-Falih.
Senior officials, CEOs, investors and entrepreneurs from the two countries were expected to review and discuss investment opportunities and initiatives aimed at fostering increased cooperation.
China’s Vice Minister of Commerce Li Fei told the conference that China will work with Saudi Arabia to connect the Belt and Road Initiative - which aims to create new trade routes with Africa and Europe - with Saudi Arabia’s Vision 2030.
In his speech, Al-Falih encouraged Chinese investors to “seize” opportunities in Saudi Arabia.
The conference planned to cover topics such as clean energy, finance, investment, mining, metals, tourism, entertainment, food security, agriculture, logistics services, shipping, supply chains, the digital economy, and artificial intelligence, according to the organizer.
China is Saudi Arabia’s leading trading partner, while Saudi Arabia is China’s biggest crude oil supplier.
Last year bilateral trade exceeded 106 billion US dollars, a 30 percent increase year on year compared to 2021.
Saudi Arabia has launched an air accident probe following last week's cockpit stabbing on a flydubai jet, as experts examine any fallout for aviation safety alongside a separate UAE-led criminal investigation, three people close to the matter said.
Houthis attacked the international airport in the southern Yemeni town of Aden with ballistic missiles and explosive-laden drones early on Wednesday, Yemen's Transport Ministry said, as fighting intensified across several fronts between the Iran-aligned group and Saudi-backed government forces.
Saudi-backed Yemeni government forces have staged a counteroffensive to retake the coast around the Bab el-Mandeb shipping route and other strategic territory seized last month by the Iran-aligned Houthis, in a complex conflict with shifting alliances.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.