$10bln in investment agreements signed during first day of 10th Arab-China Business Conference

$10bln in investment agreements signed during first day of 10th Arab-China Business Conference

- Agreements included a $5.6 billion G2B MoU between the Ministry of Investment of Saudi Arabia (MISA) and Chinese electric car manufacturer Human Horizons to establish a joint venture for automotive research, development, manufacturing, and sales.

- More than 30 deals were penned across multiple sectors, including technology, renewables, agriculture, real estate, minerals, supply chains, tourism and healthcare.

- On behalf of His Royal Highness, Prince Mohammad bin Salman, the Crown Prince, Prime Minister, His Highness Prince Faisal bin Farhan bin Abdullah Al Saud, Minister of Foreign Affairs of the Kingdom of Saudi Arabia inaugurated the conference

- The conference witnessed participation from high officials in the Kingdom, senior executives and decision-makers in the public and private sectors across Arab countries and China

- The conference was the largest edition to date with more than 3,500 attendees from 26 countries and the first hosted by Saudi Arabia.

Riyadh, Saudi Arabia: The 10th Arab-China Business Conference, the largest edition to date and the first hosted by Saudi Arabia, marked its first day with the signing of US$10 billion in investment agreements, spanning more than 30 deals across an array of sectors including technology, renewables, agriculture, real estate, minerals, supply chains, tourism and healthcare. On behalf of