Riyadh – The China-Saudi Investment Conference is set to take place in Beijing on Tuesday, according to a report by the Saudi Press Agency.
The conference, which coincides with the visit of Saudi Arabia’s Investment Minister Khalid Al-Falih, aims to bolster the strategic partnership between the two countries in investment, trade, and the economy. It also seeks to support China’s Belt and Road Initiative, which aims to connect Asia with Africa and Europe.
The conference is expected to attract more than 700 attendees, including senior officials, CEOs, investors, and entrepreneurs. The participants will engage in discussions and explore investment opportunities and initiatives aimed at fostering increased cooperation between China and Saudi Arabia.
The agenda of the conference includes dialogue sessions covering a wide range of topics such as clean energy, finance, investment, mining, metals, tourism, entertainment, food security, agriculture, logistics services, shipping, supply chains, the digital economy, artificial intelligence, modern manufacturing industries, and advanced technology. Workshops will provide a platform for in-depth discussions and exploration of these sectors.
In addition to the conference, Minister Al-Falih will visit several Chinese cities to meet with business leaders. Technical teams from the Saudi Ministry of Investment will conduct workshops and field visits to identify potential areas of cooperation, with representatives from both the government and private sectors expected to participate.
During the recent Asia Future Investment Initiative Priority Summit in Hong Kong, Minister Al-Falih emphasized the Middle East’s pivotal role in fostering prosperity among Southern countries. He highlighted the significance of energy and digital transformation as crucial tools for achieving development.
Diplomatic ties between China and Saudi Arabia have flourished over the past three decades, with China currently being Saudi Arabia’s largest trading partner. Bilateral trade and investment between the two countries have experienced substantial growth in recent years, and events like the China-Saudi Investment Conference are expected to further strengthen economic cooperation and deepen ties between the two nations.