Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef recently shed light on emerging opportunities and challenges in China-Saudi Arabia cooperation during an exclusive interview with CGTN’s Lincoln Humphries in Guangzhou, southern China. His visit underscores the deepening ties between the two nations, particularly in key sectors that are pivotal for both economies.
In the realm of automotive industry upgrading, AlKhorayef emphasized the mutual benefits of collaboration. “China’s advancements in automotive technology present a significant opportunity for Saudi Arabia to enhance its own industry,” he noted. By leveraging Chinese expertise, Saudi Arabia aims to modernize its automotive sector, aligning with global standards and consumer demands.
The minister also highlighted the potential in mineral resources development. With abundant mineral wealth, Saudi Arabia seeks to collaborate with China to harness cutting-edge technologies for efficient and sustainable extraction. AlKhorayef remarked, “Our partnership with China can accelerate the development of our mineral resources, contributing to economic diversification and job creation.”
Technological innovation stands at the forefront of this bilateral cooperation. AlKhorayef acknowledged China’s rapid advancements in technology and expressed interest in joint ventures and knowledge exchange. “Innovation is key to our progress,” he said. “By working together, we can foster an environment that encourages innovation and technological growth in both countries.”
Sustainable development is another critical area where China and Saudi Arabia see eye to eye. The minister stressed the importance of sustainability in all collaborative efforts. “Our commitment to sustainable practices ensures that economic growth does not come at the expense of our environment,” AlKhorayef stated. This shared vision aligns with global efforts to address environmental challenges while promoting economic prosperity.
The exclusive interview with CGTN underscores the strengthening relationship between China and Saudi Arabia. AlKhorayef’s visit to Guangzhou serves as a testament to the ongoing efforts to explore new avenues of cooperation. As both nations continue to collaborate across various sectors, their partnership promises significant contributions to regional and global economic landscapes.
Reference(s):
BizTalk：Decoding new opportunities for China-Saudi Arabia cooperation
cgtn.com
