Saudi Arabia’s Minister of Industry and Mineral Resources, Bandar Alkhorayef, has convened a series of high-level bilateral meetings with executives from major Chinese industrial firms during his official visit to Shanghai, as part of efforts to strengthen industrial and investment ties between the two countries.
The engagements focused on enhancing industrial cooperation and exploring promising investment opportunities in the Kingdom of Saudi Arabia’s growing industrial sector.
Alkhorayef’s visit to China, which continues through September 27, forms part of Saudi Arabia’s broader strategy to deepen economic cooperation with international partners and position the Kingdom as a global hub for industrial investment.
The meetings aim to strengthen bilateral economic ties, advance cooperation between the two countries in the industrial and mining sectors, and attract quality investments to the Kingdom.
Bilateral Talks Strengthen Saudi Arabia–China Industrial Ties
During the bilateral meetings, discussions highlighted the objectives and scope of Saudi Arabia’s National Industrial Strategy, emphasizing the unique opportunities available in priority industrial sectors, including machinery, equipment, and chemical industries.
The discussions outlined the competitive advantages of Saudi Arabia’s industrial investment environment, highlighting the comprehensive incentives and facilitative measures designed to support investors throughout their business journey in the Kingdom.
The minister reviewed the Kingdom’s strategic advantages that make it a pivotal hub for attracting global investments, including its geographic location connecting three continents, the abundance of natural resources, competitive energy prices, advanced infrastructure, modern industrial cities, and streamlined government procedures.
The Chinese companies participating in the meetings included Shanghai Wedge Investment Casting, which specializes in precision casting technologies, with a focus on single-crystal and high-temperature alloys used in advanced industrial applications; Shenzhen Capchem Tech, a prominent chemical manufacturing enterprise; and Virtual Mind Holding (VMH), a leading company in robotics, artificial intelligence, and blockchain technology for industrial applications.
