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  • Ahmed Saleh

ECZA, with "Invest Saudi," hosts Chinese delegation at King Abdullah Economic City

Jeddah, March 7, 2024, The Economic Cities and Special Economic Zones Authority (ECZA), in collaboration with the "Invest Saudi" initiative, recently welcomed a significant Chinese delegation from Shandong Province to the King Abdullah Economic City (KAEC). This visit aimed to strengthen the burgeoning relationship between Saudi Arabia and China while presenting enticing investment opportunities within the Kingdom.

The visit program featured a forum designed to foster dialogue and understanding between the two countries. Attended by key figures such as ECZA Secretary-General Nabil Khoja, Advisor to the Minister of Investment for Special Economic Zones Ziad Al-Juhaiman, Vice President of the Chinese Council for the Promotion of International Trade in Shandong Province (CCPIT Shandong) Liu Xiaojiang, and People's Republic of China Consul General in Jeddah Wang Qimin, the forum provided a platform to explore potential collaborations.

The Shandong delegation, comprising over 200 individuals, including government officials and industry leaders in energy, construction materials, machinery, agriculture, and food, participated in interactive presentations by officials from ECZA, KAEC, the Global Supply Chain Resilience Initiative, and the CCPIT Shandong. Success stories of Chinese companies operating in Saudi Arabia were showcased, and innovative workshops facilitated connections with relevant Saudi government entities and companies.

ECZA Secretary-General Nabil Khoja emphasized the unique features of Saudi Arabia's special economic zones, designed to enhance the investor experience. These zones, incorporating industrial clusters and streamlined processes, offer competitive advantages, positioning the Kingdom as a premier global investment destination.

Advisor Ziad Al-Juhaiman highlighted the visit as a testament to the strengthening economic ties between Saudi Arabia and China, affirming mutual interest in deepening relations and exploring future cooperation opportunities.

Mansour Al-Salem, CEO of Emaar the Economic City, noted the global interest in Saudi Arabia's economic landscape, driven by the transformative strategies outlined in Saudi Vision 2030. The visit symbolizes growing confidence in the Kingdom's potential and commitment to fostering partnerships for sustainable growth.

Both Saudi Arabia and China share commitments to enhancing infrastructure, communications, and global trade. The Kingdom's goals of becoming a global investment hub align with China's Belt and Road Initiative, contributing to the bilateral trade surge, reaching $90 billion by November 2023. The Kingdom's focus on attracting foreign investment, as outlined in its National Investment Strategy and Saudi Vision 2030, reflects the mutual aspirations of both nations for economic development and shared prosperity.

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