Saudi Private Sector Seeks to Expand Business with Arab, Chinese Companies

Photo of the Investment between Saudi Arabia and China workshop, which was recently held in Riyadh (Asharq Al-Awsat)
Photo of the Investment between Saudi Arabia and China workshop, which was recently held in Riyadh (Asharq Al-Awsat)
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Saudi Private Sector Seeks to Expand Business with Arab, Chinese Companies

Photo of the Investment between Saudi Arabia and China workshop, which was recently held in Riyadh (Asharq Al-Awsat)
Photo of the Investment between Saudi Arabia and China workshop, which was recently held in Riyadh (Asharq Al-Awsat)

The Saudi private sector is intensifying efforts to maximize the benefits of the Arab-China Business Conference, which will be held next week in Riyadh.

 

The volume of trade exchange between Saudi Arabia and China is witnessing a remarkable growth, reaching SAR 1.2 trillion ($320 billion) over the past five years.

 

These figures reflect the strength and durability of the strategic economic partnership and the diversity of investment opportunities in both countries.

 

According to information obtained by Asharq Al-Awsat, the Federation of Saudi Chambers has called on the private sector to participate in the conference in order to benefit from opportunities to strengthen economic and trade relations and develop investments between China and Arab countries.

 

Riyadh is scheduled to host the 10th edition of the Arab-China Business Conference on June 11-12.

 

The conference will be held under the theme, Cooperation for Prosperity, and aims to support and strengthen the economic, trade and investment partnership between China and the Arab countries, in a step towards reaching solutions that take into account common interests through strategic cooperation.

 

The conference will provide a space for research and discussion among a group of forward-thinking executives, business leaders, investors and entrepreneurs.

 

According to a report recently issued by the Federation of Saudi Chambers, Saudi-Chinese economic relations are witnessing growth and promising prospects in light of the supportive political will. This provides wide opportunities for economic cooperation and commercial and investment partnerships between the business sectors of the two countries.

 

The report highlighted the bilateral economic relations, which represent an international model for constructive fruitful cooperation and strategic partnership, thanks to their reliance on a solid base of institutional and regulatory frameworks represented by the Saudi-Chinese joint committee, Vision 2030 and the Belt and Road initiative, as well as the Saudi-Chinese Business Council.

 

The report also shed light on the opportunities for economic integration between the Kingdom and China, in light of the Chinese Belt and Silk Road initiative, which is consistent in many aspects with Vision 2030.

 

China exports a number of products and commodities to Saudi Arabia, including electrical equipment, heavy machinery, furniture, vehicles, clothing, plastics, iron and steel, ceramic products, rubber, ready-made construction equipment, and other goods.

 

Oil, chemical industries, plastics and their products, and rubber are the most important Saudi commodities exported to China.

 



Saudi Arabia Sets Digital Innovation Benchmark, Says DGA Chief

Governor of Saudi Arabia’s Digital Government Authority (DGA) Ahmed Alsuwaiyan
Governor of Saudi Arabia’s Digital Government Authority (DGA) Ahmed Alsuwaiyan
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Saudi Arabia Sets Digital Innovation Benchmark, Says DGA Chief

Governor of Saudi Arabia’s Digital Government Authority (DGA) Ahmed Alsuwaiyan
Governor of Saudi Arabia’s Digital Government Authority (DGA) Ahmed Alsuwaiyan

Saudi Arabia is leading the way in digital technology for citizens, residents, visitors, and businesses, according to Ahmed Alsuwaiyan, Governor of the Kingdom’s Digital Government Authority (DGA).
The Kingdom has made major advances in sectors like health, municipalities, and education, affirmed Alsuwaiyan.
Speaking to Asharq Al-Awsat, Alsuwaiyan noted that Saudi Arabia is now among the top 10 countries globally for digital government.
It ranks sixth in the Global E-Government Development Index, reflecting the government's dedication to becoming a top digital state and improving service efficiency.
Alsuwaiyan reminded that Saudi Arabia is fourth worldwide, first in the region, and second in Asia in the United Nations e-Government Development Index and related measures.
Moreover, Saudi Arabia has achieved significant success in digital government, ranking second globally for digital services among G20 countries and seventh in the e-Participation Index.
The Kingdom surged 25 places in the 2024 UN e-Government Development Index, joining the top 10 worldwide and becoming the first Middle Eastern country to do so.
Saudi Arabia’s national transformation plan, “Vision 2030,” has driven this progress, boosting the Kingdom from 52nd place in 2018 to sixth this year.
Saudi Arabia also rose 32 spots in the Human Capital Index, now leading globally in digital government skills.
Riyadh is third worldwide in the UN e-Government Development Index, following Tallinn and Madrid, and ranks first in the G20 region. The city excels in regulatory frameworks and providing key public service information.
Alsuwaiyan credited these achievements to a focus on creating impact through technology and effective public-private partnerships.
Efforts to improve infrastructure and foster a supportive investment environment have also contributed to Saudi Arabia's leading role in digital government practices.