Saudi Arabia explores investment opportunities with Chinese investors

By Shilpa Annie Joseph, Official Reporter
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Saudi Arabia explores ties with Chinese investors
Officials during the meeting.

Saudi Arabia’s Minister of Industry and Mineral Resources, Mr. Bandar Ibrahim Alkhorayef met with Chinese investors in Shanghai, in order to discuss investment opportunities available in the Kingdom in mining industry.

The president of the Royal Commission for Jubail and Yanbu Mr. Khalid Al-Salem, Vice Minister of Industry and Mineral Resources for Mining Affairs Mr. Khalid Al-Mudaifer, and leading officials of the industry and mining sectors attended the meeting, which previewed the prominent investment opportunities provided by the Kingdom in the industrial and mining sectors.

The Saudi side highlighted the goals of the National Strategy for Industry and the opportunities provided in various industrial sectors. The meeting examined the measures, initiatives, and incentives provided by the ministry to create an attractive investment environment, remove obstacles for investors, and offer the required facilitations.

The Saudi officials spoke about the goals of the Saudi Vision 2030 in the mining sector and the opportunities it provides for investors worldwide in mineral exploration and investment opportunities. The Saudi side highlighted the mining investment system in the Kingdom and the goals of the mining strategy.

Mr. Alkhorayef made the official visit to the People’s Republic of China to strengthen the economic partnership in the industrial and mining sectors.

According to the statement, the visit also seeks to review the qualitative investment opportunities between the two countries and brief the Chinese side on the Kingdom’s initiatives to enhance the strategic sectors of industry and mining.

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