RIYADH: Saudi Arabia and China are deepening their industrial cooperation as the Kingdom accelerates efforts to attract high-value investments and strengthen global partnerships in advanced manufacturing and technology.
Minister of Industry and Mineral Resources and Board Chairman of the National Industrial Development Center Bandar Alkhorayef chaired a meeting of the center with a delegation comprising leaders of more than 30 Chinese companies, according to the Saudi Press Agency.
The two sides discussed ways to enhance industrial cooperation between Saudi Arabia and China and explored joint investment opportunities in several high-value industries, notably machinery and equipment, semiconductors, and advanced manufacturing technologies.
Held in the Saudi capital, the meeting reviewed the Kingdom’s competitive advantages in the industrial investment landscape, the key enablers offered by the industrial ecosystem to facilitate investments, and promising opportunities across advanced sectors.
It also discussed avenues for knowledge exchange, technology transfer, and innovative industrial solutions, in addition to cooperation in supply chains and other areas of mutual interest.
