Source: People's Daily News
The fifth session of the Future Investment Initiative conference was held in Riyadh, the capital of Saudi Arabia, from 26 to 28. Saudi officials said during the meeting that Saudi Arabia attaches great importance to cooperation with China in various fields and hopes that more Chinese enterprises will come to invest.
During the meeting, 44 multinational companies, including Chinese companies, were granted permission to move their regional headquarters to Riyadh, according to the Saudi News Agency. In order to attract international investment, the Saudi government announced in February that it would give policy support to regionally headquartered multinational companies headquartered in Riyadh in terms of finance and other aspects from 2024.
Khalid Al-Falih, Saudi Investment Minister, said: "China has a very special position in Saudi Arabia's foreign relations, and Chinese companies have also entered various industries in Saudi Arabia. At present, almost all business sectors in Saudi Arabia are opening up investment opportunities to the outside world, and it is hoped that more competitive Chinese enterprises can participate in them. ”
Saudi Minister of Industry and Mineral Resources Bandar Al-Hulayev said that Saudi Arabia attaches great importance to cooperation with China in various fields, especially in the field of health care. At the same time, Saudi Arabia has many opportunities in the field of mineral resources, and we look forward to the participation of world-renowned enterprises, including Chinese enterprises.
Chinese companies such as China Harbor, Zhongdi Group, Didi and Tongfang Weishi have received permission to move their regional headquarters to Riyadh. "China Harbor has always attached importance to the Saudi market, and will actively participate in the development and construction of Saudi Arabia and contribute to the realization of the '2030 Vision' for Saudi Arabia." Zong Yu, deputy general manager of China Harbor Engineering Co., Ltd. in the Middle East and general manager of the Saudi branch, said at the meeting site.
The Future Investment Initiative conference is known as "Saudi Davos". Under the theme "Investing in Humanity", the conference focused on investing in clean water resources, education, public health, gender equality and poverty eradication.
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