Riyadh, October 30 (Xinhua) — The China Saudi Arabia Enterprise Roundtable, co hosted by the China Council for the Promotion of International Trade and the Saudi Arabian Ministry of Investment, was held in Riyadh, the capital of Saudi Arabia, on the 29th, with more than 150 participants from the industrial and commercial sectors of China and Saudi Arabia.
China said that under the leadership of the the Belt and Road Initiative, China and Saudi Arabia have achieved fruitful economic and trade cooperation, with bilateral trade volume exceeding 100 billion US dollars for two consecutive years. The China Council for the Promotion of International Trade is willing to work with Saudi Arabia to continuously build a high-quality cooperation platform, promote cooperation in traditional fields such as petrochemicals and infrastructure construction, expand cooperation in high-tech fields such as new energy vehicles, digital economy, and artificial intelligence, and help the comprehensive strategic partnership between China and Saudi Arabia continuously reach new heights.
The Saudi side stated that the capabilities, scale, and long-term vision possessed by Chinese enterprises are exactly what Saudi Arabia needs for its economic transformation. The synergy between Saudi Arabia’s “Vision 2030” and the “the Belt and Road” initiative will provide unprecedented opportunities for cross regional cooperation and investment.
Representatives of Chinese and Saudi Arabian enterprises at the meeting carried out practical exchanges around new energy, communications, infrastructure, investment, industrial chain supply chain cooperation and other fields, and discussed how to grasp the opportunities of the joint construction of the “the Belt and Road” initiative and Saudi Arabia’s “Vision 2030” strategy to achieve mutual benefit and win-win results.