Saudi-Chinese Business Council trip to China results in nine investment agreements

A Saudi-Chinese Business Council Council delegation visit to China, led by Council of Saudi Chambers Board Member and Chairperson of the Saudi-Chinese Business Council Abdullah Al Mobty, culminated in the signing of nine investment agreements along with memorandums of understanding between the two countries’ private sectors.  

The agreements came during the Saudi-Chinese Business Forum in Beijing under the supervision of the Minister of Commerce and Investment, Minister of Energy Industry and Minerals and vice chairperson of the Chinese Council for Promotion of International Trade.
 
Al Mobty said he looks forward to significant growth in cooperation between Saudi Arabia and China during the opening address at the event. Over the last two decades, he said, the countries have enhanced bilateral trade by facilitating trade and joint agreements.
 
The nine agreements signed include a cooperation agreement between the Council of Saudi Chambers and the Chinese Council for Promotion of International Trade; Al Mobty Contracting and ZTE, Alan & Bros. and the local government of Zaozhuang in Shandong to expand their projects in China; Al Jeraisy and Huawei for technology investments in Saudi Arabia; Al Jaber Holding and Haier; Al Jomaih Energy & Water Company and CGN; AKFA and Jetta Company Limited; and Sada Business Center and State-Credit International for training.