China Saudi Arabia Business Roundtable held in Riyadh--Seetao

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 successfully held on October 29th in Riyadh, the capital of Saudi Arabia. More than 150 representatives from the business communities of the two countries attended. The Chinese representative pointed out that under the guidance of the the Belt and Road Initiative, China Saudi Arabia economic and trade cooperation has yielded fruitful results, 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 together with Saudi Arabia to continuously build a high-quality cooperation platform. While consolidating cooperation in traditional fields such as petrochemicals and infrastructure construction, it actively expands cooperation in high-tech fields such as new energy vehicles, digital economy, and artificial intelligence, and promotes the continuous deepening of the comprehensive strategic partnership between China and Saudi Arabia. The Saudi representative stated that the strength, scale, and long-term vision possessed by Chinese enterprises are highly in line with the needs of Saudi Arabia's economic transformation. The synergy between Saudi Arabia's 2030 vision and the the Belt and Road Initiative will create unprecedented development opportunities for cross regional cooperation and investment. Representatives of the participating enterprises carried out practical exchanges around new energy, communications, infrastructure, investment, industrial chain supply chain cooperation and other topics, and carried out in-depth discussions on deepening the strategic docking between the the Belt and Road and Saudi Arabia's 2030 vision to achieve mutual benefit and win-win results. Editor/Yang Beihua

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