- #China, #SaudiArabia to Agree to Boost Investment Opportunities in the Agricultural Sector, Food Industries
Riyadh: China and Saudi Arabia have agreed to expand #cooperation in the development of #Agricultural sector, combat #Water security, and cope the challenges of climate change and #Food Security.
This was observed in a joint statement following the China-Arab Summit talks held on Friday between the leaders of the two countries in Riyadh during Chinese President Xi Jinping’s state visit to the Kingdom.
Regarding water and agriculture field, the Saudi side welcomed the establishment of a direct partnership between the Chinese private sector and the Saudi private sector concerning the investment opportunities available in the Kingdom in the fields of desalination plants, drinking water, water transport lines, sewage treatment plants, dams, and the organization of commercial activities between representatives of the private sector in both countries to discuss investment possibilities in the agricultural sector as well as agricultural and food industries, and the development of agricultural investment projects, the joint statement read.
About $50 billion of investment agreements were signed during the China Arab Summit held in Riyadh, capital of Kingdom.
By: Dr.Muhammad Arif