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Saudi Industry Minister Explores High-Tech Automotive and Smart Collaboration with Chinese Companies

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef has visited the Guangzhou Economic & Technological Development District (GETDD) in China. SPA
Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef has visited the Guangzhou Economic & Technological Development District (GETDD) in China. SPA
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Saudi Industry Minister Explores High-Tech Automotive and Smart Collaboration with Chinese Companies

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef has visited the Guangzhou Economic & Technological Development District (GETDD) in China. SPA
Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef has visited the Guangzhou Economic & Technological Development District (GETDD) in China. SPA

Saudi Minister of Industry and Mineral Resources Bandar bin Ibrahim Al-Khorayef has visited the Guangzhou Economic & Technological Development District (GETDD) as part of his visit to China.
Wednesday’s visit aimed to enhance industrial cooperation in several targeted industrial sectors.
He was accompanied by the Assistant Minister of Industry and Mineral Resources for Planning and Development, Dr. Abdullah Al-Ahmari, National Industrial Development Center (NIDC) Chief Executive Eng. Saleh Al-Sulami, and the Saudi Authority for Industrial Cities and Technology Zones (MODON) Chief Executive Eng. Majid Al-Argoubi.
The minister’s visit included a tour of Guangzhou MINO Equipment Co., Ltd., where he held discussions with the company's vice president on exploring cooperation opportunities in the manufacturing of high-tech vehicles.
He also visited Guangzhou Industrial Investment Holding Group (GIIHG) and discussed with the group's president ways to enhance cooperation in the industrial sector and the production of smart equipment.
The minister met with the Guangzhou Automobile Group Co., Ltd. (GAC) chairman to discuss the possibility of establishing a strategic partnership with the group and developing sustainable transportation solutions.
Al-Khorayef met with the chairman of Foton Motor, a company specialized in manufacturing commercial vehicles. They discussed joint initiatives in developing and advancing electric vehicles, hybrid technology, and advanced automotive technologies.
Additionally, he toured the GETDD, which was established in 1984. Among 219 similar zones, it ranks second in overall strength and first in scientific and technological innovation. The zone is also recognized as one of the top ten high-tech parks in China and globally.
In a main hall located in the Science Square, which features a wide range of exhibits, Al-Khorayef was briefed on the zone’s offerings in terms of knowledge exchange, best practices for capacity building, and fostering foreign investments.
The presentation also highlighted the incentives provided and Guangzhou’s experiences in scientific and technological innovations related to the industrial sector.
During his visits, he reviewed the sub-sectors of the National Industrial Strategy, including the automotive sector, and the incentives provided by the Kingdom to encourage foreign investments.
He also explored potential ways to exchange expertise, best practices for capacity building and knowledge enhancement, and leverage advanced Chinese experience in high-tech automotive manufacturing.

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China Retaliates to EU Ban with Import Restrictions on Medical Devices

People walk along Qianmen promenade in Beijing on July 5, 2025. (Photo by Adek BERRY / AFP)
People walk along Qianmen promenade in Beijing on July 5, 2025. (Photo by Adek BERRY / AFP)
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China Retaliates to EU Ban with Import Restrictions on Medical Devices

People walk along Qianmen promenade in Beijing on July 5, 2025. (Photo by Adek BERRY / AFP)
People walk along Qianmen promenade in Beijing on July 5, 2025. (Photo by Adek BERRY / AFP)

China's finance ministry said on Sunday it was restricting government purchases of medical devices from the European Union that exceed 45 million yuan ($6.3 million) in value, in retaliation to Brussels' own curbs last month.

Tensions between Beijing and Brussels have been rising, with the European Union imposing tariffs on China-built electric vehicles and Beijing slapping duties on imported brandy from the bloc.

The European Union said last month it was barring Chinese companies from participating in EU public tenders for medical devices worth 60 billion euros ($70 billion) or more per year after concluding that EU firms were not given fair access in China.

The measure announced by the European Commission was the first under the EU's International Procurement Instrument, which entered into force in 2022 and is designed to ensure reciprocal market access.

China's countermeasures were expected after its commerce ministry flagged "necessary steps" against the EU move late last month.

"Regrettably, despite China's goodwill and sincerity, the EU has insisted on going its own way, taking restrictive measures and building new protectionist barriers," Reuters quoted the commerce ministry as saying in a separate statement on Sunday.

"Therefore, China has no choice but to adopt reciprocal restrictive measures."
The EU delegation office in Beijing did not immediately respond to a request for comment.

China will also restrict imports of medical devices from other countries that contain EU-made components worth more than 50% of the contract value, the finance ministry said. The measures come into force on Sunday.

The commerce ministry said products from European companies in China were not affected.

The world's second- and third-largest economies are due to hold a leaders' summit in China later in July.