Saudi Arabia seeks closer green ties with China, Saudi Finance Minister, Mohammed Al-Jadaan says during the 8th Future Investment Initiative conference.
Saudi Arabia is eager to enhance its collaboration with China in the green industry, according to Finance Minister Mohammed Al-Jadaan.
“China is at the forefront of the green industry and renewable energy globally, with numerous technologies, including electric vehicles, batteries, and robotics, that other nations are striving to emulate,” Al-Jadaan remarked during the 8th Future Investment Initiative conference, which commenced on Tuesday.
He added, “We aim to foster a more cooperative relationship between our countries.”
Characterizing the partnership with China as “strategic” and “crucial,” Al-Jadaan noted that China is Saudi Arabia’s largest trading partner, emphasizing that their relationship transcends trade to include technology, broader economic links, and cultural exchange.
Reflecting on his visit to China in May, he expressed appreciation for witnessing “first-hand developments and significant achievements” in the Chinese economy, highlighting the fruitful discussions and bilateral agreements in financial services and other areas that were established during his trip.
Saudi-China Year of Culture
The recent announcement of 2025 as the Saudi-China Year of Culture signals that their partnership extends beyond government to encompass people-to-people relations, he stated.
Al-Jadaan remarked on the synergies between China’s high-quality development strategy and Saudi Arabia’s Vision 2030, emphasizing that both are long-term initiatives with strong governmental support. “China is the envy of the world for its commitment, execution capability, and long-term vision,” he noted.
In response to Western media claims that China’s economy has peaked and its growth model is exhausted, Al-Jadaan countered, “China has been a bright spot in the world economy, and the global community recognizes this.”
“Despite media speculation about a slowdown, China’s economy is growing at 4.8 percent, making it one of the fastest-growing economies in the face of challenges,” he added.
Al-Jadaan commended the Chinese government’s “serious support” for its economy, citing recent stimulus measures, especially in the financial sector, as proof of a responsive government that understands the current economic landscape.
Amid increasing global tensions, he expressed contentment with Saudi Arabia’s cooperation with China in fostering calm and de-escalation for the benefit of both regional and global populations.
He further noted that, alongside international institutions like the IMF and the World Bank, and within frameworks such as the Group of 20, Saudi Arabia and China can collaboratively address challenges faced by the Global South, particularly for low-income and emerging economies.
“We have clear common ground in ensuring that we act not only for the benefit of our own people and economies but also for global stability and growth,” he concluded.
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