Energy Minister: Saudi Arabia to host regional center for Chinese factories

Energy Minister: Saudi Arabia to host regional center for Chinese factories

RIYADH — Minister of Energy Prince Abdulaziz bin Salman said that Saudi Arabia will host a regional center for Chinese factories. “Saudi Arabia and China endeavor to enhance cooperation in the energy sector supply chains, by establishing a regional center for Chinese factories in the Kingdom by taking advantage of the Kingdom’s distinguished location among the three continents of Asia, Africa and Europe,” he said in a statement to the Saudi Press Agency on the occasion of the visit of Chinese President Xi Jinping to Saudi Arabia and the Saudi-Chinese summit in Riyadh.

Prince Abdulaziz affirmed that Saudi Arabia would continue to remain China’s trustworthy and reliable partner in the energy field as well as in ensuring the global oil market stability.

The minister noted that the relations between Saudi Arabia and China are witnessing a qualitative leap that reflects the interest of the leadership of the two friendly countries, and their keenness to further develop them in diverse fields.

“The Kingdom has strong relations and close strategic ties with China, covering many fields, the most important of which are various fields of energy. China has become the first destination for Saudi Arabia’s petroleum exports in terms of the huge volume of trade