Saudi Minister Leads High-Level Investment Delegation to China

A July 2023 file image of Khalid Al-Falih, Saudi Minister of Investment. Photo by Rami Alsayed / NurPhoto / NurPhoto via AFP.

Saudi Arabia’s Minister of Investment, Khalid Al-Falih, is in Beijing with a high-powered delegation to discuss new trade and investment cooperation. China is Saudi Arabia’s largest trading partner, and Chinese foreign direct investment by stock increased 28.8% last year, while investment inflows jumped by 164%.

The makeup of the delegation reveals how far China-Saudi cooperation has moved beyond oil trade. It includes officials from the Ministry of Investment, the National Industrial Development Center, the Global Supply Chain Resilience Initiative, the Ministry of Industry and Mineral Resources, the Economic Cities and Special Zones Authority, and the Saudi Authority for Industrial Cities and Technology Zones.

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by CGSP Staff

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