Saudi Minister of Investment, Eng. Khalid Al-Falih, announced the signing of a memorandum of understanding with the Belt and Road Office of the Hong Kong Special Administrative Region Government of the People’s Republic of China. The agreement aims to expand cooperation, strengthen economic relations, and attract high-value investments in promising sectors, in line with the goals of Vision 2030.
Writing on his account on X, Al-Falih said he had met with senior executives of major Chinese banks as well as the Chairwoman of the Silk Road Fund. Discussions focused on investment opportunities tailored to each bank’s areas of expertise, with particular emphasis on infrastructure, agriculture, and enhancing trade relations between the two countries.
The minister also met with Wang Qingxian, Governor of Anhui Province, to discuss strengthening economic ties, promoting sustainable development, and exploring investments in areas of shared interest. He noted that he reviewed Anhui’s experience in empowering large Chinese industrial companies to expand into global markets.
As part of his tour, Al-Falih visited the Xinyi Glass factory, where he observed technological advancements in production processes and the precision standards applied to high-quality manufacturing. He described the company as a key player in industrial innovation and one of the world’s leading glass producers.
In the automotive sector, Al-Falih held talks with Yin Tongyue, Chairman of Chery Automobile, learning about the company’s global expansion strategy and adoption of smart technologies. He also toured Chery’s manufacturing facilities and research and development center, where the company presented its vision for the future of electric vehicles and smart mobility.
The minister further visited the headquarters of Gotion, a leading battery manufacturer, and met with its Chairman, Li Zhen. Their discussions explored developments in the sector and opportunities to invest in next-generation electric vehicle battery technologies, particularly in light of surging global demand and the shift toward clean energy.
