Deputy Minister of Saudi Investment: The "the Belt and Road" Initiative will help Saudi Arabia | China | Deputy Minister for the "2030 Vision"

Release time:Apr 16, 2024 20:45 PM

Deputy Minister of Saudi Investment: The "the Belt and Road" Initiative will help Saudi Arabia's "Vision 2030"

China news agency, Xiamen, September 11: Deputy Minister of the Ministry of Investment of Saudi Arabia: The "the Belt and Road" initiative will help Saudi Arabia's "Vision 2030"

China News Agency reporter Long Min

"No need to translate, I graduated from Xiamen University." Because the opening line in the speech was uploaded to the Internet, Salle Ali Habti, the deputy minister of Saudi Arabia's Ministry of Investment, became the "Internet celebrity" at the 23rd China International Investment and Trade Fair.

During the current CIFIT held in Xiamen, Saile Ali Habti told China News Agency reporters in an interview that he had studied and lived in Xiamen for 7 years and obtained a Bachelor's degree in Chemical Engineering from Xiamen University. "I can also be considered a 'Minnan native' and have a unique emotional attachment to Xiamen."

On September 8th, Saudi Arabia's Deputy Minister of Investment, Sailor Ali Habti, delivered a speech at the "Investment in China Year" keynote forum and the Fujian special promotion event. Photo by Lv Ming, journalist from China News Agency

As early as 1998, Sailor Ali Habti, who had been to China, was a "China expert". Starting from tracing Zheng He's voyages to the West, he said that in history, with the development of the Maritime Silk Road, Saudi Arabia and China had many close connections, which have continued to this day. "This visit is to seek to expand and deepen our relationship by increasing trade and investment."

At the "Investment in China Year" themed forum and Fujian special promotion meeting, Saile Ali Habti stated that the China International Fair (CIFIT) has become a globally influential international investment and cooperation platform, as well as a vivid microcosm and important window of China's opening up to the outside world; I hope to use the Investment and Trade Fair to promote two-way investment, encourage Saudi companies to invest in China, and also help Chinese companies invest in Saudi Arabia.

This year marks the 10th anniversary of the "the Belt and Road" initiative. Saile Ali Habti pointed out that Saudi Arabia was one of the first countries to actively respond to the "the Belt and Road" initiative. Over the past 10 years, the "the Belt and Road" initiative has led Saudi Arabia China relations to stride forward, and the two countries have carried out practical and friendly cooperation in various fields.

Deputy Minister of Saudi Investment: The "the Belt and Road" Initiative will help Saudi Arabia | China | Deputy Minister for the "2030 Vision"

Since 2013, China has become Saudi Arabia's largest trading partner, and Saudi Arabia has been China's largest trading partner in the Middle East for more than 20 consecutive years. According to statistics, in 2022, the bilateral trade volume between China and Saudi Arabia reached 116 billion US dollars; Saudi Arabia's investment in China has reached 23 billion US dollars.

Fujian is an important starting point of the ancient Maritime Silk Road and also the core area of the 21st Century Maritime Silk Road. In March of this year, a delegation from Fujian Province visited Saudi Arabia and promoted a number of economic and trade investment cooperation projects. Sailor Ali Habti said that Saudi companies have achieved success in places such as Gulei and Quanzhou in Zhangzhou, Fujian, and have also shown outstanding performance in industries such as textiles and stone.

"Participation in the CIFIT not only reflects the great importance attached to Saudi Arabia China friendship, but also shows Saudi Arabia's clear attitude to participate in the joint construction of the the Belt and Road." Saile Ali Habti said that Saudi Arabia and China have very deep and stable bilateral relations, and are good partners who treat each other equally and mutually beneficial.

Currently, Saudi Arabia has implemented the "2030 Vision" to accelerate diversified economic development. Sailor Ali Habti said that Saudi Arabia plans to focus on developing aviation, automobiles, shipbuilding, infrastructure, and digital infrastructure, optimize the economic model that relies solely on energy exports, and attract upstream and downstream industrial chains to gather through large projects.

Saudi Arabia's "Vision 2030" meets the "the Belt and Road" initiative, which superimposes the industry's expected investment prospects. In the view of Sailor Ali Habti, Chinese enterprises have rich experience in infrastructure construction and digital economy, while Saudi Arabia's infrastructure and digital economy are in the process of continuous construction, providing huge opportunities for cooperation.

"The 'the Belt and Road' initiative will contribute to Saudi Arabia's' 2030 Vision '", said Salle Ali Habti, who predicted that in the future, Saudi Arabia and China will shift from trade relations to more investment interactions; Saudi Arabia will fully leverage its geographical, resource, and financial advantages, actively promote cooperation between Chinese enterprises and Saudi Arabia in multiple fields, and leverage their respective advantages to create a new situation of mutual benefit and win-win.

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