RIYADH: Saudi Arabia and China are deepening their industrial cooperation as the Kingdom accelerates efforts to attract high-value investments and strengthen global partnerships in advanced manufacturing and technology.
Minister of Industry and Mineral Resources and Board Chairman of the National Industrial Development Center Bandar Alkhorayef chaired a meeting of the center with a delegation comprising leaders of more than 30 Chinese companies, according to the Saudi Press Agency.
The two sides discussed ways to enhance industrial cooperation between Saudi Arabia and China and explored joint investment opportunities in several high-value industries, notably machinery and equipment, semiconductors, and advanced manufacturing technologies.
Held in the Saudi capital, the meeting reviewed the Kingdom’s competitive advantages in the industrial investment landscape, the key enablers offered by the industrial ecosystem to facilitate investments, and promising opportunities across advanced sectors.
It also discussed avenues for knowledge exchange, technology transfer, and innovative industrial solutions, in addition to cooperation in supply chains and other areas of mutual interest.
Several entities within the Saudi industrial ecosystem presented overviews of their capabilities and services to support industrial investors, including the Royal Commission for Jubail and Yanbu, the Local Content and Government Procurement Authority, and the Saudi Authority for Industrial Cities and Technology Zones, known as MODON, as well as the Saudi Industrial Development Fund, and the Saudi EXIM Bank.
The meeting was attended by senior officials from the Saudi industrial sector and a Chinese delegation led by the vice president of Tsinghua University, along with executives from around 30 Chinese companies specializing in industry and technology.
The gathering comes as part of the center’s efforts to strengthen international industrial partnerships, attract high-quality investments, and connect local and international investors with promising opportunities in targeted sectors — supporting sustainable industrial development and enhancing the sector’s role in diversifying the national economy in line with Saudi Vision 2030.
