RIYADH: Saudi Investment Minister Khalid Al-Falih met with China’s Commerce Minister Wang Wentao in Beijing during an official visit, underscoring growing economic ties between the two countries.

The ministers discussed strengthening cooperation in global trade and boosting direct investment across several sectors, Al-Falih said in an Arabic post on X. The meeting also saw the signing of the minutes of the Saudi-China Trade, Investment and Technology Committee.

This comes as the Kingdom looks to deepen partnerships with China, its largest trading partner, in line with its Vision 2030 diversification strategy.

“During my official visit to the capital, Beijing, I was pleased to meet with H.E. Wang Wentao, Minister of Commerce of the People’s Republic of China. We discussed developing cooperation in global trade and enhancing direct investments across several sectors,” Al-Falih said.

He added: “The minutes of the Trade, Investment, and Technology Committee between our two friendly countries were also signed.”