Beth: The Saudi-Chinese Joint Business Council of the Council of Saudi Chambers presented “today” in a meeting held “virtually” the investment map of the Kingdom on the Chinese side, and the legislative reforms undertaken by the government of the Custodian of the Two Holy Mosques, “may God protect him”, that pushes the means of investment between the two sides, and reviewed the side The Saudi website and services provided to members of the Saudi Business Council on both sides.

The meeting dealt with a summary of the comprehensive study on attracting Chinese investments to the Kingdom.

During the meeting, the head of the Saudi side in the Saudi-Chinese Business Council, Muhammad Al-Ajlan, stressed that the Kingdom has taken a package of measures to improve the business environment in it, facilitate government procedures related to trade and investment and automate government services, in addition to providing an incentive package to foreign investors on its territory.

Al-Ajlan noted that the Saudi-Chinese Business Council played a key role in consolidating trade and investment relations between the two countries, based on the strategic importance of the People’s Republic of China in achieving many programs of Vision 2030 and the Belt and Road Map initiative, which support the horizons of joint cooperation between the two countries in all fields.

Al-Ajlan called on the Chinese side to explore the Kingdom, Vision 2030 and the Belt and Road Map initiative, the promising opportunities launched by the vision through direct investment in the industry.

In addition, Vice-President of the Chinese People's Friendship Association with Foreign Countries, Mrs. Lin Yi, considered the Kingdom the most important partner of China in the Middle East, and that the Kingdom has priority in foreign investment plans.

Lin Yi noted the support of the government of the Custodian of the Two Holy Mosques, standing with China during the Corona pandemic, and combating the Covid-19 virus.

For his part, Vice-President of the Saudi-Chinese Business Council Ahmed Saad Al-Kraidis said that the economic transformations in the two countries have provided great opportunities to strengthen the close ties between the two countries, in terms of implementing the terms of the agreements on which the relations are based, or developing them to suit the changes of the times, in addition to cooperation agreements. The strategic plan between the two countries is to invest in various projects between the two governments or agreements between businessmen in the two countries.

He pointed out to Creedes that the volume of trade between the two countries, China's investments in the Kingdom during the period from 2005 to 2020, amounted to about 39.9 billion dollars, and the Kingdom recorded an increase in non-oil exports and imports to the People's Republic of China, where the value of exports amounted to 39 billion riyals, while the value of imports amounted to 28.5 billion riyals, placing the Republic of China at the top of the Kingdom's exports and imports.