Energy Minister: Saudi Arabia pays no heed to criticism over growing ties with China

Energy Minister: Saudi Arabia pays no heed to criticism over growing ties with China

Saudi Gazette report RIYADH — Minister of Energy Prince Abdulaziz bin Salman said that Saudi Arabia does not pay any heed to criticism over its growing ties with China. He said, while addressing the 10 th edition of the Arab-China Businessmen Conference here on Sunday, that the Kingdom and China will announce soon major joint investments, in light of the growing relations between the two countries. Prince Abdulaziz said that the Kingdom and China have a great deal of bilateral cooperation. “I would not be surprised if you will hear more announcements soon on Saudi – Chinese investment. The growth in oil demand in China is still increasing, and that the Kingdom wants a part of this demand,” he said while emphasizing that Saudi Arabia seeks collaboration instead of competition with China. It is expected to sign contracts exceeding $40 billion during the largest ever Arab-Chinese gathering that will conclude in Riyadh on Monday.