The Belt and Road Initiative is a new chapter in cooperation between China and the Middle East
The Middle East fever is heating up further. As an enterprise actively implementing the "Belt and Road" initiative, Jiqiang United Bank is making every effort to promote a number of Chinese enterprises to expand into the Middle East market with its deep market insight and resource advantages. Especially in the fields of new energy, biomedicine, finance, real estate, and industrial investment, the bank has actively promoted cooperation between the two sides and made positive contributions to deepening the economic and trade relations between China and the Middle East.
Under the guidance and promotion of the Belt and Road Initiative, the cooperation between China and Saudi Arabia has also entered a new stage, covering many aspects from infrastructure construction to high-tech fields, from economic exchanges to cultural mutual learning.
Saudi Arabia's Vision 2030 proposed in 2016 is not only a grand plan for the country to reduce its dependence on oil and achieve economic transformation, but also an important strategy for its active integration into the global economy and promotion of social progress and sustainable development. By diversifying its economy, improving public services, revitalizing its tourism and entertainment industries, focusing on environmental protection, and strengthening scientific and technological innovation, Saudi Arabia is striving to shape a multi-dimensional picture of its future development.
With the in-depth docking of the Chinese and Saudi governments in the "Belt and Road" initiative and the "2030 Vision", the future development prospects of Saudi Arabia are widely optimistic. It is expected that through this cooperation framework, Saudi Arabia will not only attract more foreign direct investment and promote the optimization and upgrading of the economic structure, but also achieve leapfrog development in frontier fields such as new energy, medical technology, artificial intelligence, new urban development, and tourism projects. In addition, the pace of Saudi Arabia's opening up to the outside world will be further accelerated, and new vitality will be injected into the diversified development of its society and culture by strengthening cooperation with China in non-economic fields such as cultural exchanges and tourism.
Looking to the future, the Bank firmly believes that Saudi Arabia in change will be a blue ocean full of opportunities for Chinese enterprises.
Chinese companies help Saudi Arabia build: "The Belt and Road" and "Vision 2030" go hand in hand
Chinese companies have shown a leading demeanor in the field of construction in Saudi Arabia
Through the alignment of the Belt and Road Initiative with Saudi Arabia's Vision 2030, Chinese companies have been deeply involved in Saudi Arabia's urban construction and development. This strategic synergy provides a solid foundation for Chinese companies to undertake many heavyweight projects in Saudi Arabia, highlighting China's leading position in the construction field in Saudi Arabia. From 2016 to 2020, the turnover of Chinese enterprises in Saudi Arabia's engineering contracting business reached US$33.44 billion, an increase of 20.2% over the previous five years, fully demonstrating the core influence and strong strength of Chinese enterprises in the field of infrastructure construction in Saudi Arabia.
The construction site of the Saudi Arabian Red Sea Tourist Resort Hotel project participated in the construction of China Harbor
On the basis of this success, Chinese enterprises continue to write a brilliant chapter in the construction stage of Saudi Arabia. Chinese companies are actively engaged in a number of landmark projects such as the Red Sea project and the Riyadh Metro, as well as a series of solar and wind energy projects. These projects involve infrastructure construction, energy development, environmental protection and sustainable development, and fully demonstrate the excellent technical strength and efficient project management capabilities of Chinese enterprises.
Looking ahead, Saudi Arabia's infrastructure market still has great potential. According to McKinsey's projections, Saudi Arabia will invest more than $175 billion annually in industrial and major projects between 2025 and 2028, and is fast becoming a global infrastructure hub. This not only opens a new chapter in Saudi Arabia's economic development and urban construction, but also provides unprecedented opportunities for international partners, especially Chinese enterprises.
Construction of the Riyadh Metro
As the partnership deepens, the bank is keenly aware of the growing investment in urban projects and infrastructure development, as well as the growing demand for construction equipment, materials, and renewable energy and green technologies. This development trend not only confirms China's leading position in the field of international infrastructure construction, but also injects strong impetus into the development of global infrastructure construction jointly promoted by the two sides.
In order to firmly grasp this historical opportunity, as a bridge and link between Chinese enterprises and the Middle East market, the bank is actively promoting more Chinese enterprises to participate in the construction projects in Saudi Arabia and jointly write a new chapter in China-Saudi Arabia cooperation.
Chinese enterprises go overseas: deepen cultural exchanges and economic and trade cooperation between China and Saudi Arabia
With the deepening of the "Belt and Road" initiative, China's tourism industry is actively sailing out to explore a broader market. Saudi Arabia, with its splendid cultural heritage and tourist attractions, has attracted the attention of countless Chinese tourists. Since 2019, the number of Chinese tourists visiting Saudi Arabia has continued to soar, and it has quickly become the second largest tourist source country in Saudi Arabia. The Saudi government is even more ambitious, setting an ambitious goal of welcoming 5 million Chinese tourists by 2030.
Recently, Riyadh, the capital of Saudi Arabia, successfully won the right to host the 2030 World Expo, and plans to spend a huge amount of money to build a grand international exhibition. All this indicates the vigorous development of the Saudi tourism market and opens up a broader world for China's tourism industry.
Chinese companies are expected to play an important role in the development of Saudi Arabia's tourism industry by virtue of their advanced technological experience in tourism planning, cultural performances, and light and shadow shows. The cooperation between the two sides can not only jointly develop tourism resources and create diversified and customized tourism experiences, but also deepen the understanding and friendship between the two peoples through cultural exchanges.
In particular, the introduction of Chinese light show technology into Saudi Arabia's tourist attractions is a promising partnership that will not only enrich visitors' sensory experience, but also help promote the international dissemination of Chinese culture.
At present, Jiqiang Lianxing is fully assisting Zhongbang Group's cultural tourism show project to go to the Middle East, which not only responds to the "Belt and Road" initiative, but also deepens cultural exchanges and economic and trade cooperation between China and foreign countries, and provides a new growth point for the cooperation between China and Saudi Arabia.
"Once Upon a Time in Vietnam" is a live landscape performance work with world artistic standards, and it is also a classic case of China's cultural tourism Show project under Zhongbang Group going overseas
Jiqiang Lianxing: Help Chinese enterprises to go overseas accurately and jointly explore new opportunities for the development of the Middle East
With the continuous emergence of overseas development opportunities, the bank will give full play to its professional advantages, actively connect with high-quality resources in the Middle East, help Chinese enterprises accurately deploy overseas, develop investment and capital markets in the Middle East, and use the Middle East as an important fulcrum to successfully enter the European and American markets and achieve the rapid development of overseas business.
"There will be a time when the wind and waves will be long, and the clouds will sail into the sea", Jiqiang Lianxing firmly believes that in the future, more Chinese enterprises will brave the wind and waves and bravely expand overseas markets. We are looking forward to working with more Chinese companies to create new glories in the Middle East, a land full of opportunities.