Saudi Arabia, China Ink Billions in Investment Deals

RIYADH: Saudi Arabia’s China-Arab business summit in Riyadh saw the announcement of multi-billion-dollar investment partnerships between China and Arab nations.

The event signifies growing diplomatic and commercial ties, including recent mediation by China in the historic reconciliation between Iran and Saudi Arabia.

The summit, attended by over 3,500 representatives, witnessed the signing of significant agreements, with the majority focused on Saudi projects.

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Notable deals include a $5.6 billion partnership for electric and self-driving vehicles and agreements spanning various sectors such as technology, agriculture, renewable energy, and tourism.

The conference aims to foster a prosperous future for the peoples of both regions.