PRESIDENT XI WILL VISIT SAUDI ARABIA

Chinese President Xi Jinping will officially visit Saudi Arabia on Thursday, where he will meet with Crown Prince Mohamed Bin Salman. It is a historic visit that will help to open a new phase in relations between the two countries.

China is one of the main buyers of Oil and Natural Gas, while Saudi Arabia is the largest producer in the Middle East. Al-Riyad's weight in the Organization of Oil Producing Countries (OPEC) is very relevant. Its decisions have the sole purpose of defending the financial resources of member countries.

Initial agreements worth $29bn will be signed during a Saudi Arabian-Chinese summit this week, according to the kingdom’s official news agency. The visit followed an invitation from Saudi Arabia’s King Salman “to bolster historic ties and strategic partnership between the two countries”, the official Saudi Press Agency (SPA) said on Tuesday.

hina’s Ministry of Foreign Affairs confirmed the visit in a brief statement on Wednesday morning. Ministry Spokesperson Hua Chunying said Xi would make a state visit to Saudi Arabia and attend the first China-Arab States Summit and the China-GCC Summit in Riyadh.

In an editorial, China’s Global Times, a state-run tabloid, described the China-Arab States summit as “a milestone in the history of China-Arab countries relations”. The paper said that after the “severe impact” of the Arab Spring, the region had a “common desire” to avoid political turmoil and achieve stable growth and was “keenly interested in China’s experience”.

 


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