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In 2024, 750 Chinese Companies Are Working In Saudi Arabia. I Will Write About Some Aspects Of The Business
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In 2024, 750 Chinese companies are working in Saudi Arabia. I will write about some aspects of the business collaboration between China and KSA
China and Saudi Arabia have deepened their collaboration across multiple sectors, driven by Saudi’s Vision 2030 and China’s Belt and Road Initiative (BRI).
Key Areas of Collaboration:
- Energy: China is a major importer of Saudi oil, and joint ventures like YASREF strengthen their energy ties.
- Infrastructure: Chinese companies, such as CSCEC, are involved in major projects like Neom and railway development.
- Technology: Huawei plays a key role in deploying 5G and advancing AI in Saudi Arabia.
- Manufacturing: Collaboration in industrial zones supports Saudi’s diversification efforts.
- Renewable Energy: Chinese firms are engaged in solar and wind projects.
- Cultural & Tourism: Growing cultural exchanges, tourism, and language programs strengthen ties.
- Defense: Cooperation in arms and military technology is growing, though less publicized.
- Finance: Chinese banks operate in Saudi Arabia, with mutual investments bolstering financial ties.
This partnership supports both nations' economic goals and strengthens their strategic positions.
#KhalidAlbeshri #خالدالبشري
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It has arrived!!