Saudi Arabia and China sign strategic deals as Chinese President Xi Jinping heralds ‘new era’ in ties

Dec 09, 2022

 China and Saudi Arabia signed a number of agreements, including on energy and investments, after their leaders met in Riyadh on Thursday at a summit that showcased deep and growing ties beyond oil.

Saudi Arabia’s King Salman bin Abdul Aziz, Crown Prince Mohammad bin Salman and Chinese President Xi Jinping signed the agreements at the royal palace.

It includes a strategic partnership agreement and a harmonisation plan between the kingdom’s Vision 2030 that aims to wean the economy off a reliance on oil and China’s Belt and Road Initiative. Memorandums of understanding were also signed on hydrogen energy, solar power, direct investments and housing.

King Salman signed a “comprehensive strategic partnership agreement” with Xi, who received a lavish welcome in a country forging new global partnerships beyond the West.

Courtesy Gulf News