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Saudi Arabia announces billions of dollars in investment deals at Arab-China summit

During the Arab-China business conference, billions of dollars in investment deals were signed in tech, agriculture, renewable energy, real estate, natural resources, and tourism. These deals include a USD 5.6 billion MoU between the Saudi investment ministry and Human Horizons, a Chinese maker of electric and self-driving cars; a USD 533 million deal between AMR Aluwlaa Company and Zhonghuan International Group (Hong Kong) for the establishment of an iron factory in Saudi Arabia; and a USD 500 million agreement on cooper mining between Saudi ASK Group and the China National Geological & Mining Corp.