Saudi Arabia signs MoU with Belt and Road Office of Hong Kong

Khalid Al-Falih led a Saudi delegation on an official visit to China. (Supplied)
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Updated 30 August 2025
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Saudi Arabia signs MoU with Belt and Road Office of Hong Kong

  • The strategic step opens new horizons of cooperation, expands economic relations and attracts quality investments in promising sectors under Vision 2030

RIYADH: Saudi Arabia signed a memorandum of understanding with the Belt and Road Office under the government of the Hong Kong Special Administrative Region of China.

The MoU aims to enhance information exchange in infrastructure and construction, and facilitate the entry of Hong Kong professional services into the Saudi market.

The strategic step opens new horizons of cooperation, expands economic relations and attracts quality investments in promising sectors under Vision 2030.

Witnessed by Saudi Minister of Investment Khalid Al-Falih and Hong Kong Chief Executive John Lee Ka-chiu, the agreement was signed by Hong Kong Commissioner for Belt and Road Nicholas Ho Lik-chi and Fahad Al-Hashem, assistant deputy for services sectors at the Saudi Ministry of Investment.

This week, Al-Falih led a Saudi delegation on an official visit to China. Bilateral trade exceeds $100 billion annually, making China the Kingdom’s largest trading partner.

 


First Saudi State’s economy laid foundation for modern stability

Updated 23 February 2026
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First Saudi State’s economy laid foundation for modern stability

  • Revived commerce in Arabian Peninsula, according to historian
  • Diriyah highlighted as premier political and commercial center

RIYADH: The economy of the First Saudi State served as a fundamental pillar in building the nation, consolidating its influence, and ensuring its stability, the Saudi Press Agency reported recently.

The main features of this economy is outlined in the book “Diriyah: Origins and Development during the First Saudi State,” by Dr. Abdullah Al-Saleh Al-Othaimeen, the SPA reported.

The measures taken in those early days helped to ensure security, unify regions, and organize society. This assisted in stimulating trade, stabilizing markets, and enhancing life in Diriyah and surrounding areas.

 

Beyond its political and intellectual prominence, Diriyah emerged as a vibrant economic hub. (SPA)

The book, published by the King Abdulaziz Foundation for Research and Archives, outlines how these actions facilitated the arrival of caravans, secured vast trade routes, and revived commerce across the Arabian Peninsula.

Beyond its political and intellectual prominence, Diriyah emerged as a vibrant economic hub. Its markets attracted merchants and students from across the region.

The local community relied on diverse activities including trade, agriculture, and livestock breeding, with horses and camels playing crucial roles in transportation, commerce, and securing roads.

Economic growth during this founding phase “solidified Diriyah’s position as a premier political and commercial center in the Arabian Peninsula,” the SPA reported