Wednesday, July 11, 2018

China wants Saudi as key Belt and Road partner

Oscar Rousseau

ARABIAN INDUSTRY - 11 July 2018

 China's government wants closer ties with Saudi Arabia on the trillion-dollar Belt and Road initiative, and the kingdom's Vision 2030 strategy.  China's state councilor and foreign minister Wang Yi called for "deeper synergy" between the $5tn (AED18.3tn) Belt and Road megaproject, and the Saudi Vision 2030 development strategy at a press conference in China's capital city, Beijing.   He said China wanted to support Saudi Arabia's blueprint for building a thriving economy by exploring cooperation in numerous fields, which may include infrastructure projects supporting the Belt and Road and Vision 2030.  “China and Saudi Arabia should make full use of the high-level joint committee between the two countries and promote concrete cooperation in various fields,” Wang said.  HE Adel bin Ahmed al-Jubeir, Saudi Arabia's Foreign Minister, added that the country's economic diversification and industrial development roadmap was "highly consistent" with the Asian powerhouse's Belt and Road.

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