The Saudi-Chinese investment sees huge tailwinds

More and more Chinese companies are flocking to Saudi Arabia and the Middle East to cooperate in areas such as cloud computing, financial technology, artificial intelligence, new energy, smart cities, the Internet of Things, and healthcare technology. eWTP Arabia, Aramco, and Ajlan & Bros Holding are among the largest investors between China and Saudi Arabia. Mr. Mohammed Al-Ajlan, Vice Chairman of Ajlan & Brothers Group, Chairman of the Saudi-Chinese Business Council, told the media that Ajlan & Brothers is seeking more potential cooperation opportunities with Chinese companies while expanding from traditional industry to high-tech industries. AJEX, a joint venture established by Ajlan & Bros Holding and SF International, is merely a representation of Saudi-Chinese cooperation. Seizing the opportunity of opening up and the 2030 vision of the Kingdom of Saudi Arabia, AGEX expects to see further development in the logistics industry in Saudi Arabia. In the context of friendly diplomacy between the two countries, the Chinese mainland government plans to send more delegations to the Middle East this year.