Al Mashat Participates in 10th Arab-China Business Conference's Opening in KSA

The Minister of International Cooperation Dr. Rania A. Al-Mashat participates in the opening of the tenth session of the Arab-China Business Conference in the Kingdom of Saudi Arabia on June 11 and 12, under the auspices of Prince Mohammed Bin Salman, the Saudi Crown Prince, with the participation of delegations from 23 Arab countries along with a delegation from the Republic of China, to discuss prospects and opportunities for economic cooperation and joint investment.

It is scheduled that Al-Mashat will participate in the opening session of the conference on "Investment and Financing Infrastructure of China's Belt and Road Initiative", an initiative launched by China in 2013 as a long-term strategy to enhance cooperation and integration between Asia, Europe, the Middle East and Africa. The initiative aims to upgrade infrastructure in the countries located on the Belt and Road, enhancing connectivity between countries and facilitating trade.

Also participating in the session are the Chairman of the Omani Investment Authority Abdul-Salam Majali, Vice-Chairman of the Board of Directors of the Saudi National Development Fund Mohammad Al-Tuwaijri, Founder and Chairman of the Board of Directors of ACWA Power Mohammad A. Abunayyan, Chairman of the Chinese Council for the Promotion of International Trade Ren Hongbin, and President of the Hang Lung Group Ronnie Chan, and moderated by Lara Habib from Al Arabiya.

The session will discuss many axes, including the role of the Belt and Road Initiative in promoting economic growth and development in China and the Arab countries, reviewing successful examples of existing partnerships between China and Arab countries, the impact of the COVID-19 pandemic on joint economic relations between China and Arab countries, and how joint relations can be strengthened through Investments in various sectors, especially renewable energy and infrastructure development, and discussing policies to facilitate investment and trade between the two sides, and the role of Arab investments in infrastructure and innovation in creating new opportunities for Chinese companies and investors.

The conference is organized by the Saudi Ministry of Investment in partnership with the General Secretariat of the League of Arab States, the Chinese Council for the Promotion of International Trade and the Union of Arab Chambers under the slogan "Collaboration for Prosperity" where various sectors, especially renewable energy, agriculture and technology, shall be discussed through many dialogue sessions and bilateral meetings.