US$10bln in investment agreements signed at 10th Arab-China business conference

US$10bln in investment agreements signed at 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.

Riyadh, Saudi Arabia: The 10th Arab-China Business Conference 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.

The trade and investment conference, the largest edition to date and the first hosted by Saudi Arabia, was organized by the Ministry of Investment of Saudi Arabia (MISA) in partnership with the General Secretariat of the League of Arab States, the Chinese Council for the Promotion of International Trade, and the Union of Arab Chambers.

The program of plenaries, workshops, special meetings, and side events dedicated to such topics as ESG and supply chain resilience attracted some 3500 business leaders, innovators and policymakers from China, the Arab world, and beyond.

B2B deals signed at on the sidelines of the event included:

A US$533 million deal between the