The Saudi Al-Arabiya network, quoting informed sources, announced that on the first day of the joint trade conference between the Arab countries and China in Riyadh, 10 billion dollars’ worth of bilateral trade agreements were signed.
Publish dateMonday 12 June 2023 - 14:10
Story Code : 271631
Afghan Voice Agency (AVA): The Saudi "Al-Arabiya" channel, quoting sources it informed, announced that on the first day of the joint business conference between the Arab countries and China in Riyadh, the capital of Saudi Arabia, 10 billion dollars’ worth of contracts were signed. Bilateral trade was signed.
This network added: In the aforementioned business conference, deals worth 5 billion dollars were also agreed upon for the electric car sector.
The two-day business conference of the Arab countries and China started on Sunday in Riyadh, the capital city of Saudi Arabia, with the speech of the Saudi Foreign Minister, which is another step for these countries to strengthen their relations with the East.
This conference started with the participation of Arab and Chinese businessmen under the slogan of "Cooperation for prosperity" under the supervision of "Mohammed bin Salman", the crown prince and head of the Saudi cabinet.
The said conference, which is the largest Sino-Arab economic event of its kind, will continue for two days.
The conference program includes a number of dialogue sessions and bilateral meetings that discuss ways to achieve prosperity and sustainable development in different Arab countries and China.
Saudi Foreign Minister Faisal Bin Farhan said in his speech at the opening of this conference that the visit of the Chinese President to Saudi Arabia has strengthened bilateral relations between Beijing and Riyadh.
He added: In 2022, China will be the largest trade partner of Arab countries with 430 billion dollars of investment, and the trade growth rate of both sides was 31% compared to the previous year.
Bin Farhan added: We are proud of the achievements that have been achieved so far through the partnership between us and China, and it encourages both sides to take steps to strengthen it.
The Ministry of Investment of Saudi Arabia has organized this meeting with the participation of the Arab League Secretariat, China International Trade Promotion Council and the Union of Arab Chambers of Commerce.
This meeting was held with the aim of strengthening and consolidating trade and economic cooperation between the Arab countries and China and examining domestic investment opportunities and various sectors including technology, renewable energy, agriculture, real estate, minerals, in addition to a number of dialogue sessions and meetings. It is bilateral, which will indicate an unprecedented change in Arab-Chinese relations.
This network added: In the aforementioned business conference, deals worth 5 billion dollars were also agreed upon for the electric car sector.
The two-day business conference of the Arab countries and China started on Sunday in Riyadh, the capital city of Saudi Arabia, with the speech of the Saudi Foreign Minister, which is another step for these countries to strengthen their relations with the East.
This conference started with the participation of Arab and Chinese businessmen under the slogan of "Cooperation for prosperity" under the supervision of "Mohammed bin Salman", the crown prince and head of the Saudi cabinet.
The said conference, which is the largest Sino-Arab economic event of its kind, will continue for two days.
The conference program includes a number of dialogue sessions and bilateral meetings that discuss ways to achieve prosperity and sustainable development in different Arab countries and China.
Saudi Foreign Minister Faisal Bin Farhan said in his speech at the opening of this conference that the visit of the Chinese President to Saudi Arabia has strengthened bilateral relations between Beijing and Riyadh.
He added: In 2022, China will be the largest trade partner of Arab countries with 430 billion dollars of investment, and the trade growth rate of both sides was 31% compared to the previous year.
Bin Farhan added: We are proud of the achievements that have been achieved so far through the partnership between us and China, and it encourages both sides to take steps to strengthen it.
The Ministry of Investment of Saudi Arabia has organized this meeting with the participation of the Arab League Secretariat, China International Trade Promotion Council and the Union of Arab Chambers of Commerce.
This meeting was held with the aim of strengthening and consolidating trade and economic cooperation between the Arab countries and China and examining domestic investment opportunities and various sectors including technology, renewable energy, agriculture, real estate, minerals, in addition to a number of dialogue sessions and meetings. It is bilateral, which will indicate an unprecedented change in Arab-Chinese relations.
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