RIYADH: Saudi Arabia advanced its industrial and investment partnerships with China and Japan through two separate high-level ministerial visits aimed at expanding strategic cooperation, technology transfer, and private-sector investment.
In Beijing, Minister of Industry and Mineral Resources Bandar Alkhorayef met with leaders of ZGC Group, a government-backed innovation platform, to explore collaborations including advanced manufacturing, renewable energy, smart mobility, and aerospace technologies.
These discussions included plans for ZGC to establish operations in Riyadh in partnership with the National Industrial Development and Logistics Program.
These initiatives build on the growing depth of Saudi–China economic ties. China is Saudi Arabia’s largest trading partner, accounting for 14 percent of the Kingdom’s exports and 28.9 percent of its imports in May, according to official statistics.
Alkhorayef’s official visit to China, which runs from Sept, 22 to 26, includes a series of high-level meetings with senior Chinese government officials such as the minister of natural resources, the minister of industry and information technology, the chairman of the National Development and Reform Commission, and the chairman of the State-owned Assets Supervision and Administration Commission.
