RIYADH: Business leaders from China and Saudi Arabia say cooperation between the two countries is entering a new phase, driven by technology transfer, joint innovation and large-scale infrastructure projects.

They were speaking during a panel discussion at ewpartners’ “China Night” in Riyadh on Wednesday evening, with Arab News is a media partner.

Noor Nugali, Arab News’ assistant editor-in-chief, moderated the discussion.

Aces CEO Akram Aburas said that China has become an important reference point for the Kingdom as it undertakes massive development projects.

“In Saudi Arabia now, obviously everybody knows that we are going to make larger scale projects in construction, airport facilities, and healthcare facilities,” he said.