SAUDI ARABIA INCREASES RELATIONS WITH CHINA

Saudi Arabia is interested in significantly increasing its trade relations with China. "We do not want to compete with China, but rather cooperate with great interest," said Saudi Energy Minister Prince Abdulaziz bin Salman.

This statement was made in the framework of the Saudi Arabia-China economic conference, opened on Sunday in Riyadh, where a series of agreements for a global value of 10,000 million dollars were signed.

Relations between Riyadh and Beijing have entered a path of great improvements and decisions of a bilateral diplomatic nature, as happened with the mediation made by China for Riyadh and Tehran to reestablish relations.

According to the Investment Ministry, the Saudi government signed deals with several Chinese entities for projects including a joint venture for automotive research, development, manufacturing and sales, development of tourism and other apps, and production of rail wagons and wheels in the Kingdom.

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