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signing a 50 billion dollar deal is not enough, the saudi minister of industry leads a delegation to china to slap the eu in the face

2024-09-04

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speaking of the most generous countries, the united states is far inferior to the middle east oil giant saudi arabia. in the traditional industrial stage, and even in the current industrial transformation stage, the international community's demand for oil has always been very strong, which has also made the traditional energy giants in the middle east make a fortune in oil. if the united states relied on selling arms in wars to accumulate the "first pot of gold" for national development, then middle eastern countries like saudi arabia relied on selling oil to accumulate the original funds for development.

but as we just said, not only china is undergoing a transformation in industrial development, but many other countries in the international community are also undergoing economic transformation. one of the most common phenomena is that all countries are exploring new energy supply systems to reduce their dependence on traditional energy. western countries are always clamoring to protect the environment and promote environmental protection, so we see that europe is now advocating the use of clean energy and increasing support for wind power and photovoltaic industries. in other words, traditional oil energy is becoming an alternative rather than a must-have option for all countries. however, this trend is not a good thing for oil-rich countries like saudi arabia, and it even feels like their financial resources have been cut off. in order to adapt to the general trend of international development, saudi arabia must make changes, so the saudi "vision 2030" was introduced, which is also seen as an important economic strategic shift for saudi arabia to promote economic diversification and get rid of its dependence on oil. in order to realize this great vision, saudi arabia has continuously increased its external publicity in recent years to attract foreign investment into its domestic market.