Saudi Arabia looks to boost trade ties with China – The National

Saudi Arabia looks to boost trade ties with China – The National

Saudi Arabia is bringing policymakers, government officials, investors and executives from top companies in both the kingdom and China under one roof in Riyadh as it looks to deepen its trade ties with the world's second-largest economy.

The 10th Arab-China Business Conference, taking place on June 11 and 12 at the King Abdulaziz International Conference Centre, is seen as a significant step forwards in Saudi Arabia’s efforts to boost trade with China beyond the hydrocarbons sector and attract Chinese investments in the non-oil economic sectors of the kingdom, analysts say.

“This is a major event and the gathering makes perfect business and economic sense,” Ihsan Bu Hulaiga, an independent Saudi economist said. “Trade between Saudi Arabia and China has risen in a very consistent [manner] from the 2000s until today."