Saudi Firms Urged to ‘Go Big’ in China
Chinese Premier Li Qiang rolled out the red carpet for Saudi businesses this week, calling for deeper collaboration during a high-profile meeting in Beijing. 🔥 The session included reps from Saudi giants like oil titan Saudi Aramco and investment powerhouse PIF.
Beyond Oil: Tech & Green Economy in Focus
While traditional sectors like energy and infrastructure remain key, Li emphasized future-ready partnerships: ‘Let’s turbocharge cooperation in AI, clean energy, and digital innovation!’ 🚀 This aligns with China’s push to become a global tech leader while hitting carbon neutrality goals.
‘No Limits’ Market Access Promised
Li vowed to slash barriers for foreign investors, including:
- Full foreign ownership in manufacturing 🏭
- Faster opening of telecom services 📶
- Enhanced legal protections for IP and operations ⚖️
The move comes as China seeks fresh investments amid economic headwinds.
Cultural Bridge-Building
Beyond business, Li asked Saudi companies to help strengthen people-to-people ties between the nations—a nod to 2024’s China-Arab States Cooperation Forum anniversary. 🇨🇳🤝🇸🇦
Reference(s):
Premier Li encourages Saudi companies to increase presence in China
cgtn.com