Saudi Arabia's Minister of Finance Mohammed Al-Jadaan has invited Chinese companies to invest in a wide range of fields as the kingdom is seeking to diversify its economy.
Al-Jadaan made the remarks during an interview with Xinhua on Thursday at the Saudi Financial Sector Conference. He said that Saudi Arabia has many opportunities to invest in various sectors, such as logistics, construction, mining, industry, and renewables.
He noted that as the renewables sector is booming in the kingdom, it needs a great amount of investment, which is being carried out by Saudi Arabia and through partnerships with others, including Chinese companies.
"We have enjoyed a very good relationship with them politically, commercially, and economically. We will continue to do so," the minister said, stressing that China is Saudi Arabia's largest trading partner.
The minister revealed that there are many discussions now with Chinese companies to come and set up businesses in Saudi Arabia.
Al-Jadaan took the financial sector for example, saying the kingdom has a couple of Chinese banks and invites more Chinese banks to Saudi Arabia and do business.
"Auto manufacturing is also starting in Saudi Arabia in a big way, and there are big opportunities for Chinese investors to join," he added.
He also invited Chinese companies and tourists to visit the Middle Eastern kingdom to seek booming opportunities and "a lot of new things to be seen."
"China has a long-term vision, We have a long-term vision, and the world needs long-term plans," the minister told Xinhua.
Editor: Galia
