In the context of a globalized economy, cooperation between China and Saudi Arabia has become increasingly close, and political mutual trust has significantly increased. With the continuous expansion of technological progress and market demand, PIF Saudi Arabia Public Investment Fund (Asia) will hold an investment conference in Beijing on July 3, 2024, aiming to promote exchanges and cooperation between financial institutions and enterprises in the fields of energy, new energy technologies such as photovoltaics, energy storage industry, new energy infrastructure, as well as chips, injecting new vitality and development momentum into the market.
Under the grand blueprint of the "the Belt and Road" initiative, the cooperation between China and Saudi Arabia has become closer and closer, showing a strong strategic synergy. This investment promotion conference will serve as a platform for deepening exchanges between both parties, promoting interactive exchanges on sustainable development strategies, global energy transformation, and technological innovation, promoting their respective technological progress, achieving resource sharing and technological complementarity, and accelerating the globalization process of related industries.
Against the backdrop of Saudi Arabia seeking to explore emerging industries and increase non oil revenue, there is a long-term vision for advanced new energy technologies, data capabilities, artificial intelligence, chip design and manufacturing. This year, Saudi Arabia's Public Investment Fund (Asia) has entered China to continuously implement this long-term goal. This investment promotion conference will continue to promote the commercial application of scientific and technological achievements, as well as cooperation and expansion among energy enterprises in this basic direction.
This investment promotion conference will revolve around three theme segments, covering multiple areas of China Arab economic and trade cooperation, creating more opportunities for cooperation between institutions and enterprises of China and Saudi Arabia, achieving mutual benefit and win-win results, and becoming a catalyst for promoting cooperation in science, technology, energy and other fields between the two sides.
The "Gathering Momentum China Saudi Arabia · Industrial Development Roundtable Conference" will focus on the prospects and opportunities of China Saudi Arabia industrial cooperation, explore how to deepen cooperation in energy, technology and other fields, build a communication platform for enterprises from both sides, and promote industrial cooperation to achieve more fruitful results.
The "Business and Investment Theme Summit" will explore the cooperation space between China and Saudi Arabia in finance, energy, infrastructure construction, technology and other fields, promote the deepening of bilateral trade cooperation, and bring more investment opportunities for enterprises from both sides.
The "Regional Cooperation and Cross border Exchange" segment will delve into the potential and prospects of cooperation between China and Saudi Arabia in regional cooperation, cross-border trade, and other areas, promoting in-depth development of cooperation based on geographical and economic complementarity between the two sides.
Saudi Arabia's Minister of Investment, Al Falih, recently announced that investment opportunities in various sectors of Saudi Arabia are expected to approach $3 trillion to support the "2030 Vision". Saudi Arabia is China's main oil supplier, while China has been Saudi Arabia's largest trading partner in the past decade. The cooperation between the two sides is constantly developing in a deeper direction. It is expected that at this meeting, both sides will inject new vitality into the development of global technology and energy, provide a new platform for economic stability and development, and jointly write a new chapter of cooperation and win-win under the good vision of promoting technological iteration and upgrading, market expansion, and enhancing the international competitiveness of their industries, in order to achieve broad international cooperation and win-win outcomes. Vision.
