Cooperation Agreements signed on the side-lines of the Fifth… – MENAFN.COM

Cooperation Agreements signed on the side-lines of the Fifth… – MENAFN.COM

( MENAFN - Mid-East. Info D)ubai, United Arab Emirates: A special ceremony was organized to witness the signing of cooperation agreements on the side-lines of the Fifth season of the China-Arab States Expo, held in Yinchuan, Ningxia region, western China, where, according to Ningxia Provincial Business Administration, 13 agreements were signed, with a total amount of 3. 996 billion yuan (about 613 million US dollar), covering multiple fields such as infrastructure, renewable energy, modern agriculture, equipment manufacturing, renewable materials, and cooperation in production capacity. With the current gradual progress of the "Belt and Road" initiative, cooperation in the field of production capacity between China and Saudi Arabia has made significant strides. Today, China-KSA cooperation in the field of production capacity has added new aspects, including, as posted on the Business Administration website, the remote signing of cooperation projects, including a project for the production of medical plastics between the Saudi Silk Road Industrial Services Co. and SHEN GONG Group Ltd., and a project on the treatment of waste vehicle tires under low temperature and a slightly negative pressure between Saudi Silk Road Industrial Services Co. and JIA HONG YUAN for Technology and Environmental Protection, which enhances international cooperation and opens