Al-Ajlan: We Signed 3 Agreements with Chinese Chambers in The Petrochemical, Medical, and Electronics Industries

SCBC Team – Riyadh

Businessman Mr. Muhammad bin Abdulaziz Alajlan, Chairman of the Saudi-Chinese Business Council, said that during the past year: “3 agreements were signed with Chinese chambers in the sectors: petrochemical industries, medical industries, and electronics”, expressing the council’s aspiration to work to achieve more to develop in the private sector in the two countries, and to enhance their trade and investment exchange, in order to achieve the goals of the Kingdom’s Vision 2030.

Alajlan indicated in an interview with the official Chinese television network, CGTN, that the Kingdom is the largest trading partner of China in the region, stressing that Saudi-Chinese relations are very distinguished, strategic, and important for both countries and the region in general, specifically in light of the convergence of the Kingdom’s Vision 2030 and the Chinese Belt and Road Initiative.

He explained that the “Business Council” is a representative of the private sector in the Kingdom and China, and a destination for developing relations between the private sectors of the two countries, and exchanging experiences, conferences, and visits of businessmen from both sides.

The Chairman of the Business Council added: “Saudi-Chinese cooperation is extended and has been greatly strengthened in light of the emerging Coronavirus pandemic, with the signing of the laboratory agreement between the two countries in a short time, which gives a great indication of the size, depth, and strategy of bilateral relations, as well as cooperation in medical supply chains which appeared very positively. “

It is noteworthy that the Chairman of the Saudi-Chinese Business Council, in a previous interview with “Chinese TV”, referred to the Council’s achievements during the past year, stressing that the “Council” had conducted a new economic study to identify the requirements of Chinese companies and businessmen to invest in the Kingdom, as they were presented to the Crown Prince, His Royal Highness Prince Mohammed bin Salman, and officials in the Saudi and Chinese governments, in addition to forming specialized committees in various sectors, with the aim of working to support the volume of mutual investment and attract Chinese businessmen to invest in the Kingdom.