Saudi-Chinese Investment Forum Signs 35 Deals During Crown Prince’s Beijing Visit

[The SC]

Friday, 22 February, 2019 - 18:00

The Saudi-Chinese Investment Forum in Beijing. (SPA)
Asharq Al-Awsat


The Saudi-Chinese Investment Forum concluded its proceedings on Friday by signing 35 joint bilateral economic cooperation agreements worth more than $28 billion, reported the Saudi Press Agency.

The forum witnessed the participation of more than 1,000 decision-makers and investors and coincided with the official visit to China by Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense.

At the forum, participants expressed their keenness to further expand the partnership and cooperation between Saudi Arabia and China.

The cooperation agreements covered renewable energy applications, petrochemical industry, information technology and infrastructure.

In addition, more than 25 entities representing Saudi government and private sectors took part in an exhibition promoting investment in Saudi Arabia that was held on the sidelines of the forum.


https://aawsat.com/english/home/art...-signs-35-deals-during-crown-prince’s-beijing

 

[Talwar e Pakistan]

They signed a massive $10 billion oil deal, do you think this oil will pass through CPEC?

 

[Chakar The Great]

Excellent, the more Saudi Arabia and China come together, the better it is for Pakistan. Pakistan would be center of trade with two giants cooperating on business and commerce.

 

[The SC]

They signed a massive $10 billion oil deal, do you think this oil will pass through CPEC?

https://www.reuters.com/article/us-...trochemicals-project-with-china-idUSKCN1QB0VP

The deal is on refineries..and most likely to make the oil supply lines shorter through a pipeline or roads in Pakistan.. at least to supply these refineries; this one and others in JVs..

 

[艹艹艹]

I believe that the political significance of the crown prince's visit to China outweighs the economic benefits

 

[The SC]

I believe that the political significance of the crown prince's visit to China outweighs the economic benefits

Both are equally important..