المملكة: Saudi Arabia and China are preparing their strategic partnership in industry and mining

The Kingdom of Saudi Arabia and the Republic of the Republic China. In the year 2022, it became a comprehensive strategic partnership at various levels." target ="_Blank"> Industry. It contributes to deepening strategic partnerships and bilateral economic ties between the two countries, and expanding the prospects for joint cooperation in the industry and mining sectors. As the volume of trade exchange increased from (155) billion Saudi riyals in 2016 to (403) billion Saudi riyals in 2024.

Diversification of the industrial base as the Kingdom has become the first commercial partner of China in the Middle East, which enhances economic integration between the two countries. "Belt and road" The Chinese, with its process of practical frameworks for cooperation, linking, diversification of the industrial base, and building more flexible supply chains. The strategy between the two countries, in 2024, the volume of Chinese investment in the Kingdom increased by (29%) to reach (31) billion Saudi riyals, in an indication of long -term confidence in the Saudi competitive investment environment, and organizationally stable. Major "NEOM"It also invests in projects that enhance the localization of advanced industries in the Kingdom. "Belt and road"Important roles in stimulating the growth and expansion of those investments. Vibrant in global supply chains, and a safe platform for manufacturing and export. Available in the fields of transferring and localization of advanced manufacturing technologies, smart and innovative industrial solutions, in order to achieve sustainable industrial development in the two countries.

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