RIYADH: Saudi Crown Prince Mohammed bin Salman received the Vice President of China Han Zheng in Riyadh and explored areas of joint cooperation and discussed ways to strengthen bilateral ties.
During the meeting at the Royal Court in Al-Yamamah Palace, the two sides also addressed the latest regional and international developments and the efforts of both countries regarding these issues, the Saudi Press Agency (SPA) reported on Wednesday.
The meeting was attended by Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Sport Prince Abdulaziz bin Turki bin Faisal, Minister of Interior Prince Abdulaziz bin Saud bin Naif bin Abdulaziz, Minister of National Guard Prince Abdullah bin Bandar bin Abdulaziz, Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah, Minister of State, Member of the Cabinet, and National Security Advisor Dr. Musaed bin Mohammed Al-Aiban, Minister of Commerce Majid Al-Kassabi, Governor of the Public Investment Fund Yasser Al-Rumayyan, Advisor at the Royal Court Mohammed Al-Tuwaijri, Minister of Transport and Logistic Services Saleh Al-Jasser, and Ambassador of the Kingdom of Saudi Arabia to the People’s Republic of China Abdulrahman Al-Harbi.
Last month, Saudi Arabia and China signed 42 investment agreements worth over $1.74 billion across advanced industries, smart vehicles, and energy.
The deals, which also covered medical devices, equipment, and mineral resources, were inked at the Saudi-Chinese Business Forum in Beijing, attended by Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef, as part of his official visit.
Chinese investment in Saudi Arabia grew about 30 percent in 2024, surpassing SR31 billion, with growth in mining, automotive manufacturing, and petrochemicals, according to the Saudi Minister of Industry.
He said more than 750 Chinese companies operate in the Kingdom, including investors in NEOM, Jubail Industrial City, and Jazan City for Primary and Downstream Industries.
Conversely, Saudi investments in China exceed SR8 billion, alongside memorandums of understanding with Chinese financial institutions valued at $50 billion.
