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#Cooperation: China, Saudi Kingdom to Sign Deals of $29.26 billion during Xi’ Visit

Cooperation for alignment of Kingdom’s Vision 2030 with China’s Belt and Road Initiative

  • Cooperation for alignment of Kingdom’s Vision 2030 with China’s Belt and Road Initiative

Riyadh: China and Saudi Kingdom will sign more than 20 initial agreements worth SAR 110 billion ($29.26 billion) during Chinese President Xi Jinping’s visit to Saudi Arabia starting from Wednesday, Saudi Press Agency (SPA) reported on Tuesday.

China, Saudi Kingdom to Sign Cooperation Deals of $29.26 bn during Xi’ Visit
China, Saudi Kingdom to Sign Cooperation Deals of $29.26 bn during Xi’ Visit

Chinese President Xi Jinping will embark on an official visit to Saudi Arabia on at the invitation of Saudi Arabia’s King Salman bin Abdulaziz, the official Saudi, local media reported.

President Xi will attend the Saudi-Chinese summit headed by Saudi King Salman and the Chinese president, with the participation of Crown Prince Mohammed bin Salman.

The agenda of the summit will include a Gulf-Chinese summit for cooperation and development and the Riyadh Arab-Chinese summit for cooperation and development where both will reflect on the “special ties that connect the Gulf Cooperation Council countries and Arab countries with China,” SPA said.

#Cooperation to harmonize the Kingdom’s Vision 2030 with China’s Belt and Road Initiative (BRI)

Officials also have stated that China and Saudi Arabia will sign a strategic partnership agreement and a plan to harmonize the Kingdom’s Vision 2030 with China’s Belt and Road Initiative, a global infrastructure development strategy envisioned and launched by Xi in 2013 to invest in nearly 150 countries and international organizations for integrating markets and civilizations.

#Cultural Cooperation:

During the summit, Prince Mohammed bin Salman Award for Cultural Cooperation between Saudi Arabia and China will also be launched.

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