Saudi Arabia offers promising investment possibilities for Chinese investors across the infrastructure, industry and tourism sectors. Available opportunities were revealed at the fourth meeting of the Financial Sub-Committee of the High-Level Saudi-Chinese Joint Committee recently.
Saudi-Chinese Committee Focusing on Economic Cooperation
Notably, both nations are concentrating on enhancing economic ties, with China remaining the Kingdom’s top trading partner. In the first quarter, Saudi exports to China reached SAR 44.91 billion (USD 11.97 billion), while imports totalled SAR 59.33 billion (USD 15.82 billion). Accordingly, the impressive figures demonstrate commitment to strategic cooperation under the Saudi Vision 2030 and China`s Belt and Road Initiative. The Committee focused on deepening bilateral economic and financial cooperation, as well as enhancing coordination on global financial platforms. Key areas of dialogue included tax policy, capital markets, and banking regulation, in addition to infrastructure development and public-private partnerships.
Initiatives Valued At SAR 14 Billion Agreed
Importantly, the expanding economic ties follow the signing of major agreements in May during the Saudi-Chinese Business Forum in Beijing. The countries concluded 57 agreements and memoranda of understanding, valued at over SAR 14 billion (USD 3.7 billion). Notably, initiatives include a Smart Food Security City in Saudi Arabia, comprising of factories, laboratories and integrated logistics services. Furthermore the establishment of an agro-industrial zone in Jazan is aimed at strengthening supply chains and attracting agriculture-focused industrial investment. Consequently, 26 agreements are dedicated to boosting Saudi exports to China, encompassing products including dates, fruits, vegetables and bottled water. The Saudi-China partnership remains committed to deepening trade and investment relations and promoting financial integration to foster shared prosperity and sustainable development. Most importantly, both countries are aiming to create an inclusive and competitive financial environment. Additional goals are exploring new and innovative domains, enhancing research capabilities, knowledge sharing and development.
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Soutien Group is part of a network of consultants, partners and investors. Our clients are corporate, private and international with an interest in exploring new markets. We can offer expertise in Market Research and Assessment Saudi, Saudi Business Case, Saudi Business Model Development, Feasibility Study and Business Plan Saudi, Organizational and Operational Structuring Saudi, Saudi Sponsorship and Partnership, Company Formation Saudi among others.
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