Saudi Arabia announces major investment deals at Arab-China summit

Saudi Arabia announces major investment deals at Arab-China summit

Saudi Arabia announced on Sunday billions of dollars in investment deals between China and the Arab world, on the first day of an Arab-China business conference held in Riyadh.

The meeting came amid growing trade ties between China and the Middle East, including a recent landmark Chinese-brokered rapprochement between powerhouses Iran and Saudi Arabia that has shifted regional relations.

The oil-rich kingdom hosted what is now the tenth conference for the first time.