During his three-day visit, Xi will meet the Saudi Crown Prince and attend various conferences
RIYADH: Chinese President Xi Jinping will arrive in the kingdom on Wednesday for a three-day visit during which he will meet Saudi and Arab leaders.
Three meetings will take place during his visit: Saudi-Chinese Summit, Riyadh Gulf-China Summit for Cooperation and Development, and Riyadh Arab-Chinese Summit for Cooperation and Development.
The attendees will include more than 30 leaders and leaders from both countries and international organizations, demonstrating the importance of the meeting and their high level in the region and internationally, Saudi Press Agency reported.
Xi’s visit reflects the desire of the Saudi and Chinese leaders to strengthen the relationship between the two countries, improve their relations and relations and realize the political and economic opportunities it provides to achieve their interests.
More than 20 initial agreements between the two countries, worth more than SR110 billion ($29.3), will be signed during the visit of the president, as well as agreements on cooperation and development plans. Vision 2030. The company said its role in China’s Belt and Road Initiative.
Saudi Arabia wants to establish strong relations with China to facilitate trade and investment. The kingdom was the largest recipient of Chinese investment in the Arab world between 2005 and 2020, accounting for more than 20.3 percent of the region’s total investment, amounting to $196.9 billion.
The two countries are preparing to start a SABIC-Fujian petrochemical company, a joint venture worth SR22.5 billion, in which SABIC holds 51%, which includes a large company for the production of petrochemicals.
Besides trade and investment, the relationship between the two countries has continued to expand and grow in recent years, especially in terms of cultural exchange.
In 2019, for example, the Saudi Ministry of Culture announced the establishment of the Prince Mohammed bin Salman Prize for Cultural Cooperation between Saudi Arabia and China, which will be officially launched during the visit of President Xi.
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It seeks to promote the Arabic language, as well as Arabic arts, mutual understanding, and cultural exchange, reflecting the Kingdom’s desire to strengthen the cultural aspect of relations.
Many Saudi universities and schools offer Chinese language courses, while Arabic is taught in 44 Chinese universities.
