Pak Sahafat – Prince Abdulaziz bin Salman bin Abdulaziz, Saudi Energy Minister, revealed on Sunday night why his country is paying attention to development with China and said that the main reason for this approach is the increase in China’s demand for oil purchases.
According to Pak Sahafat News Agency from Saudi Arabia’s Al-Akhbariya network, bin Salman, who was speaking on the sidelines of the trade meeting between the Arab countries and China in Riyadh, added: This issue is simple when it comes to oil, China’s demand for oil imports continues to increase, that’s why we need to get a part of this demand.
He further added: We are looking for investment in China, we have an ambitious plan for this, and perhaps the most important aspect is the Chinese investment (in Saudi Arabia).
In the end, Prince Abdul Aziz said: We will do both, whether it is investing in China or Chinese investing in Saudi Arabia.
On the other hand, “Khalid al-Falih”, the Minister of Investment of Saudi Arabia, announced the beginning of the modern and new Silk Road between China and Arab countries.
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He said that the engine of the new Silk Road is Saudi Arabia’s vision for cooperation and partnership.
Al-Falih added: Saudi Arabia is committed to working with Beijing as a bridge that connects the Arab world with China.
The Ministry of Investment of Saudi Arabia announced on Sunday night the signing of a contract worth 10 billion dollars with Chinese companies during the first day of the business meeting of Arab countries and China.
The two-day business conference of the Arab countries and China started this Sunday in Riyadh, the capital city of Saudi Arabia, with the speech of the Saudi Foreign Minister, which is another step for these countries to strengthen their relations with the East.
This conference started with the participation of Arab and Chinese businessmen under the slogan of “Cooperation for prosperity” under the supervision of “Mohammed bin Salman”, the crown prince and head of the Saudi cabinet.
The aforementioned conference, which is the largest Chinese-Arab economic event of its kind, will continue for two days and is the tenth such conference.