news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

"when cooperating with chinese companies, we prefer to set up companies in saudi arabia in the form of joint ventures, which is 'localization'." yan xuguang, senior vice president of ajlan brothers holding group and ceo of china, told the first financial reporter at the recently held fifth qingdao summit of multinational corporation leaders.

as the "saudi arabia vision 2030" progresses, saudi capital and enterprises are entering china at an increasingly faster pace. the industry opportunities emerging in saudi arabia during its economic transformation period are also attracting more and more chinese companies to take root and settle in saudi arabia. what are the latest trends of chinese companies going overseas? where are the new opportunities for investment in the blue ocean under saudi arabia's economic transformation and cooperation between chinese and saudi companies? yan xuguang believes that for chinese companies, saudi arabia contains huge wealth opportunities. under the wave of going overseas, many chinese companies are going to saudi arabia to "dig for gold". they must take the right path and take the right path.

yan xuguang said that overall, saudi arabia's market is more dependent on imports, so many industries have prospects for chinese companies entering saudi arabia, whether it is "to g", "to b" or "to c". as long as the government has a huge budget and the people have money on hand, industry opportunities will emerge in endlessly.

"we need to seize large systemic opportunities. the first is infrastructure, and the second is energy." yan xuguang said that the economies of china and saudi arabia are highly complementary, especially in these two industries. on the one hand, the saudi government is seeking energy transformation, and chinese companies have strong advantages in the energy industry. on the other hand, china's strong manufacturing and infrastructure base can also help saudi arabia to diversify its economy.

according to saudi arabia's transformation strategy "vision 2030", mining will become the "third pillar" of saudi arabia's economy, alongside oil, gas and petrochemicals. since the implementation of the saudi mining investment law, saudi arabia's mining industry has flourished and the mining area has continued to expand. last year alone, the number of mining licenses more than doubled from the previous year, increasing from 8 to 19. since 2024, chinese companies have been active in the field of mineral and metal exploration and development in saudi arabia.