Beijing, [Date]—In a significant move to strengthen economic ties between China and Saudi Arabia, Chinese Premier Li Qiang on Wednesday called on Saudi companies to deepen their investment and presence in the Chinese market. Speaking during a meeting with key representatives of the Saudi business community, Premier Li emphasized the abundant opportunities for collaboration between the two nations.
The meeting brought together influential figures from the Saudi business sector, including leaders from the Saudi Public Investment Fund, Saudi Arabian Oil Company, Saudi Basic Industries Corporation, ACWA Power, and the Ajlan & Bros Holding Group. High-ranking Saudi officials, such as Minister of Commerce Majid bin Abdullah Al-Qasabi and Minister of Investment Khalid Al-Falih, along with representatives from the China-GCC Joint Investment Commission, were also in attendance.
Premier Li highlighted the favorable conditions that exist for expanding China-Saudi Arabia economic and trade cooperation. He urged entrepreneurs from both countries to seize these opportunities and play a more significant role in fostering mutual growth. “The economic landscapes of China and Saudi Arabia are highly complementary,” Li remarked. “By working together, we can achieve greater prosperity and development for our nations.”
He encouraged Saudi companies to not only strengthen their involvement in traditional sectors such as oil and gas, petrochemicals, infrastructure, and trade but also to explore emerging industries like the digital and green economies. “Innovation and sustainability are the future,” Li said. “We welcome Saudi enterprises to join us in these dynamic fields to create a better future for all.”
Premier Li also emphasized the importance of cultural and interpersonal connections, urging Saudi businesses to serve as bridges that enhance friendship and mutual understanding between the peoples of China and Saudi Arabia. “Our comprehensive strategic partnership can reach new heights through deeper engagement and collaboration,” he stated.
Reiterating China\u0027s commitment to creating a favorable business environment, Li assured that the Chinese government is dedicated to building a market-driven, law-based, and internationally oriented environment for all enterprises. “We will further relax market access, fully lift restrictions on foreign investment in the manufacturing sector, and accelerate the opening of service sectors like telecommunications,” he pledged. “China thrives on openness, and we are ready to welcome global investors with open arms.”
The Saudi representatives expressed their enthusiasm for the opportunities presented and their willingness to enhance cooperation with China. They acknowledged the mutual benefits that such partnerships would bring and looked forward to a future of shared success.
This meeting marks a significant step in bolstering economic ties between China and Saudi Arabia, signaling a new chapter of collaboration that promises to contribute positively to the global economic landscape.
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Premier Li encourages Saudi companies to increase presence in China
cgtn.com
