RIYADH: At a high-level meeting, Finance Minister Mohammed Al-Jadaan stated that Saudi Arabia presents “many promising investment opportunities” for Chinese businessmen in the fields of infrastructure, tourism, and industry. He emphasised prospects, such as “partnerships between the Saudi public sector and Chinese companies,” when speaking at the fourth meeting of the High-Level Saudi-Chinese Joint Committee’s Financial Sub-Committee.
China is still the Kingdom’s leading commercial partner, and the comments come as Saudi Arabia and China continue to strengthen their economic relations. Saudi Arabia focused on strategic collaboration under Vision 2030 and the Belt and Road Initiative, as evidenced by its SR44.91 billion ($11.97 billion) in exports to China and SR59.33 billion in imports in the first quarter. Al-Jadaan underlined the importance of both nations’ contributions to the world economy.
Through their successful involvement in multilateral forums, Saudi Arabia and China play a crucial role in attaining global economic integration, he stated. The virtual meeting, which was co-chaired by Chinese Finance Minister Lan Fo’an and Al-Jadaan, was centred on improving coordination on international financial platforms and strengthening bilateral economic and financial cooperation. Public-private partnerships, infrastructure development, capital markets, banking regulation, and tax policy were among the topics discussed.
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