Riyadh will host the tenth session of the conference on June 11-12, under the slogan “Cooperation for Prosperity”; Discuss areas of cooperation of mutual interest in the areas of investment, economy and trade, as the conference aims to explore opportunities for joint investment in various fields.
The conference focuses on a number of areas, including those related to technology, artificial intelligence, renewable energy, agriculture, real estate and strategic minerals, between Arab countries and China.
The conference is the largest Arab-Chinese gathering with the participation of 23 countries and 2,000 participants, including government officials, CEOs, investors and entrepreneurs.
30 chords and chords
Saudi reports have announced the expectation of $10 billion in investments in 30 deals and transactions in technology, agriculture, real estate, minerals, tourism and healthcare, in during the first day of the conference. Saudi Foreign Minister Prince Faisal bin Farhan said the Arab-Chinese businessmen’s conference “is an opportunity for the private sector to discuss investment prospects and work to strengthen friendship to build a common future. Saudi Investment Minister Khaled Al-Falih spoke of work to launch a new modern Silk Road between China and the Arabs. To achieve Arab interests all over the world. League of Arab States Secretary General Ahmed Aboul Gheit said Arab-Chinese cooperation will help attract investment to the region, as the recent period has seen progress towards achieving a common Arab market, which which will help increase the flow of foreign direct investment.
new shift
For his part, Asian business expert and director of the China Center in Arabic, Jad Raad, revealed in exclusive statements to “Sky News Arabia” the importance of holding the Arab-Chinese business conference, during the current period, saying:
The tenth Arab-Chinese business conference is being held in Riyadh, two days after US Secretary of State Anthony Blinken’s visit to Saudi Arabia, and after his declaration that he has come to mend what has been broken between the United States. United and their allies in the Middle East The size of the large Chinese delegation, which exceeded two thousand businessmen and investors, is a remarkable event in itself, because a record by any standard, and therefore, the convening of the conference is a clear reflection of the major transformations in the Middle East with the Arab-Chinese rapprochement. This conference comes to bring together the second largest economies in the world, with the richest source of energy, which leads to the opening of markets and the promotion of capital in mutual funds which offer security for the expansion of major projects. The Arabs and China have explored the opportunities between each other for more than two decades, so this conference has come to help many Arab countries to develop their projects, and in return they have obtained from China the most important infrastructure with the highest level of technology, exceeding what Europe dreams of. Today, the Arabs and China seek trade partnerships, richer markets, and treaties dominated by parity and mutual benefit. What China provides to the Arabs is a cluster of industries, the most important of which are renewable energy, artificial intelligence, biotechnology and tourism. In turn, the Arab world provides sources of energy and raw materials that China lacks.
political rapprochement
This conference follows the political rapprochement between China and the Arab countries, following the holding of the first Arab-Chinese summit by the leaders of the Arab States members of the League of Arab States and China, last December.
At that time, it was agreed to work with all efforts to build the Arab-Chinese community for a common future towards the new era, to strengthen solidarity and joint cooperation, to strengthen exchanges between China and Arab countries in various dimensions and levels, and to unite their efforts to address common development challenges.
It is expected that the second day of the conference will be marked by a number of keynote speeches from Arab and Chinese heads of government, as well as specialized workshops that cover several topics, in addition to supply chains for oil and gas, innovation and research partnerships, challenges and solutions for global trade supply chains, mining and manufacturing.
It should be noted that China’s foreign direct investment in the Arab world will reach around $23 billion in 2021.
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