Interview: The China International Fair for Trade in Services is an important platform for China to continue deepening its opening-up to the outside world - Interview with Agilan, Vice Chairman of Saudi Arabia's Agilan Brothers Holding Group
Riyadh, September 2 (Xinhua) - China International Fair for Trade in Services (CIFTIS) is an important platform for China to continue deepening its opening-up to the outside world - Interview with Vice Chairman of Saudi Arabia's Agilan Brothers Holding Group, Agilan
Xinhua News Agency reporter Hu Guanwang Haizhou
Mohammad Al Agilan, Vice Chairman of Saudi Arabia's Agilan Brothers Holding Group and Chairman of the Saudi Arabia China Business Council, recently stated in an interview with Xinhua News Agency that the Fair for Trade in Services has been an important platform for China to continue deepening its opening-up and will further promote bilateral trade between Saudi Arabia and China.
On September 2nd, visitors visited the comprehensive exhibition area of the National Convention Center of the 2023 China International Fair for Trade in Services.
Agilan said that in 2022, Agilan Brothers Holding Group participated in the Service Trade Fair for the first time. With the help of this high-level platform for opening up to the outside world, the group communicates and exchanges with outstanding Chinese enterprises, jointly exploring cooperation opportunities in emerging fields such as 5G, artificial intelligence, big data, financial technology, and smart healthcare. At the same time, Chinese partners deepened their understanding of the group through the exhibition, laying a solid foundation for future commercial cooperation between the two parties.
![Interview: The China International Fair for Trade in Services is an important platform for China to continue deepening its opening-up to the outside world - Interview with Agilan, Vice Chairman of Saudi Arabia's Agilan Brothers Holding Group](https://a5qu.com/upload/images/26cad955d61c234ff9d8133b8175ee1a.jpg)
He stated that this year the group will participate in the conference again, expanding the booth area to 140 square meters, focusing on showcasing the business dynamics of its subsidiaries, and comprehensively showcasing a series of achievements of the joint venture established by the group and Chinese enterprises.
Agilan said that Agilan Brothers Holding Group is looking forward to face-to-face communication with more Chinese companies at the exhibition site, in-depth understanding of each other's business needs, especially in key areas of focus of this year's Service Trade Fair such as financial technology, cultural tourism, and artificial intelligence. Together with Chinese partners interested in entering Saudi Arabia and the Middle East markets, we will explore growth potential, achieve localized production and operation of Chinese technology and services in Saudi Arabia, and strengthen strategic investment cooperation.
This is the Shougang Park of the 2023 Service Trade Fair, filmed on August 31st.
China and Saudi Arabia have maintained strong economic ties for a long time. Data shows that since 2001, Saudi Arabia has been China's largest trading partner in the Middle East, and China has been Saudi Arabia's largest trading partner since 2013. At the same time, China is also Saudi Arabia's largest oil export market. In 2022, the trade volume between the two countries exceeded 116 billion US dollars, a year-on-year increase of 33.1%.
Agilan noticed that this year's Service Trade Fair highlights internationalization, authority, and specialization. During the conference, a promotion conference on expanding the opening up of the service industry was held to promote and introduce China's opening up policies, industrial development advantages, and business environment in the service industry.
![Interview: The China International Fair for Trade in Services is an important platform for China to continue deepening its opening-up to the outside world - Interview with Agilan, Vice Chairman of Saudi Arabia's Agilan Brothers Holding Group](https://a5qu.com/upload/images/75d89fc35419f181585d2a318d890137.jpg)
He said that this year is the 10th anniversary of the "the Belt and Road" initiative. The exhibition focuses on the "the Belt and Road" service trade cooperation, focusing on the digital transformation and innovation cooperation of the service industry, which is consistent with the economic transformation goal of the "Vision 2030" proposed by Saudi Arabia, and will attract more Saudi enterprises to strengthen exchanges and cooperation with Chinese enterprises, and further promote trade exchanges between Saudi Arabia and China.