Monday 26 February 2024

China-Saudi conference set to boost bilateral investment

RIYADH, December 7, 2023

The Ministry of Investment of Saudi Arabia (MISA) will take a high-level Saudi delegation to the China-Saudi Investment Conference in Beijing on December 12, as part of a ministerial visit to China and Hong Kong.
The Investment Conference is expected to attract around 1,000 attendees with major agreements expected to be signed between Saudi and Chinese companies across key sectors including clean energy, agriculture, tourism, mining, financial services, logistics and infrastructure, technology, health care, research, and entrepreneurship, as well as opportunities around special economic zones.
Keynote speeches and opening remarks will be delivered by Khalid Al-Falih, Minister of Investment of Saudi Arabia,, who leads the delegation, reflecting the importance attached by both sides to the acceleration of the China-Saudi partnership.
Industry insights
Attendees will have access to industry insights from top leaders through a series of panel sessions and will participate in several sector-specific breakout sessions, providing a platform for Saudi and Chinese government and private sector leaders unlock new business opportunities.
The Saudi delegation will also visit Shenzhen, Guangzhou and Shanghai to explore the mutual investment potential of world-leading Chinese companies.
The China-Saudi Investment Conference builds on the success of the 10th Arab-China Business Conference held in Riyadh in June culminated in $10 billion in bilateral investment deals, and the visit to Saudi Arabia by a Chinese delegation led by Chinese President Xi Jinping in December last year, which saw the announcement of a comprehensive strategic partnership agreement between both nations.
Largest trading partner
Saudi Arabia and China have shared more than 30 years of diplomatic ties, with trade and investment seeing significant growth over recent years. China is Saudi Arabia’s largest trading partner with bilateral trade between the two countries reaching $106.1 billion in 2022, representing a growth rate of around 30% from 2021.
During the visit, Al-Falih will also attend the Future Investment Initiative Priority Hong Kong and conduct a series of meetings with government officials and private sector representatives.--TradeArabia News Service


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