Saudi Arabia hosts the tenth edition of Arab-China Business Conference
By: Hazem Abdo
Under the patronage of His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, His Highness Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs, will officially inaugurate the tenth session of the Arab-China Business Conference that will take place in Riyadh from 11-12 June 2023.
Organized by the Ministry of Investment in partnership with League of Arab States, China Council for the Promotion of International Trade, and Union of Arab Chambers, the conference aims to strengthen trade and economic cooperation between the Arab and Chinese business communities.
Held under the theme of “Cooperation for Prosperity,” this year’s conference will focus on exploring qualitative, multilateral investment opportunities in a range of sectors including technology, renewable energy, agriculture, real estate, minerals, logistics, innovation and others.
His Highness Prince Faisal bin Farhan Al Saud, Minister of Foreign Affairs of Saudi Arabia, will inaugurate the conference’s proceedings. Hosted in Saudi Arabia for the first time, the conference’s agenda also includes sessions and meetings pinpointing how partnerships can help achieve sustainable development across Arab countries and China.
His Excellency the Minister of Investment, Eng. Khalid bin Abdulaziz Al-Falih, affirmed that His Highness the Crown Prince’s patronage of the conference embodies the Leadership’s commitment to strengthening strategic cooperation with influential international economic powers to achieve sustainable, beneficial results.
His Excellency added that the event represents a positive shift in the dynamic of Arab Chinese trade relations and features more than 150 speakers including ministers and leaders of major companies in China and Arab countries.
As one of the largest events of its kind, the conference’s agenda includes 8 sessions, 18 workshops and a variety of specialized meetings. The conference will help introduce parties to new projects as well as cover key subjects including innovative modern technologies, ways to amplify trade cooperation and the future of joint economic relations between the two regions.
His Highness Prince Faisal bin Farhan Al Saud, Saudi Minister of Foreign Affairs, and His Excellency Mr. Ahmed Aboul Gheit; Secretary General of the Arab League, His Excellency Kho Chun Khoa; Vice-Chairman of the Chinese People’s Political Consultative Conference, and His Excellency Eng. Khaled Al-Falih, Saudi Minister of Investment are among the distinguished figures participating in the opening of the conference.
The tenth edition of the Arab-China Business Conference is the largest Arab Chinese business and investment gathering globally with more than 3,000 decision-makers, senior government officials, investors, business owners and specialists uniting to explore the future of Arab- Chinese commercial relations.
With 23 countries participating, the conference aims to strengthen Arab- Chinese strategic partnership through the Belt and Road Initiative, support economic cohesion and develop multilateral partnerships that give rise to prosperity, growth and progression.