Minister
Tech News

Saudi Minister Visits China to Strengthen Tech Partnerships

1 Mins read

Photo was created by Webthat using MidJourney

Saudi Minister Engages in Official Visit to China


Abdullah Al-Swaha, the Minister of Communications and Information Technology of Saudi Arabia, embarked on an official visit to China with the aim of enhancing bilateral relations between the two nations. This visit, reported by the Saudi Press Agency, involves meetings with Chinese government officials and leaders.

Focus on Partnership Enhancement and Technological Investments

During the visit, Minister Al-Swaha held discussions with his Chinese counterpart and various other officials to reinforce partnerships and attract greater technological investments to the Kingdom of Saudi Arabia. The objective is to foster the growth of the Kingdom’s digital economy and promote innovation and space-related advancements aligned with Vision 2030.

Delegation Accompanies the Minister, Representing Key Sectors

Accompanying Minister Al-Swaha is a high-level delegation comprising representatives from entities associated with the digital economy, space, and innovation sectors in Saudi Arabia. Their presence underscores the Kingdom’s commitment to leveraging expertise and fostering collaborations in these key areas.

Strengthening Economic Ties and Reviving the Silk Route

Saudi Arabia and China have been actively working on strengthening their economic ties. This visit builds upon discussions during the Arab-China Business Conference, where top ministers explored the possibility of reviving the historic Silk Route.

Saudi Investment Minister Khalid Al-Falih highlighted the Kingdom’s potential as China’s gateway to the Arab world, emphasizing the importance of trade relations.

Alignment with Vision 2030 and Modern Technology

The Silk Route initiative resonates with Saudi Arabia’s vision for the future, focusing on economic diversification and utilizing modern technology to empower its youth. Minister Al-Falih expressed the Kingdom’s readiness to support advanced technology and innovation, recognizing China’s leadership in these domains.

Growing Trade Volume and Strong Business Partnerships

Trade between Saudi Arabia and China has seen significant growth, reaching $106 billion in 2022—an increase of 30% compared to the 2021. The Kingdom represents a quarter of the $432 billion trade volume between China and Arab countries in 2022.

Recent collaborations, such as the partnership between ACWA Power and Energy China Group Corp. for a solar power project, highlight the robust ties between Saudi and Chinese firms.

CLICK HERE TO READ MORE ON WEBTHAT NEWS


Related posts
Tech News

Amazon Monopoly Woes: A Battle for Fair Competition

3 Mins read
Tech News

Understanding the Vulnerability of Gen Z and Millennials to Online Scams

3 Mins read
Tech News

The iPhone 15 Set-Up Bug: Apple's Swift Fix with iOS 17.0.2

2 Mins read
Connect and Engage

Stay in the loop and engage with us through our newsletter. Get the latest updates, insights, and exclusive content delivered straight to your inbox.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

×
AI News

Artists Battle Against AI Voice Cloning: A Threat to Performers' Livelihoods