Saudi Arabia’s Minister of Finance, Mohammed Al-Jadaan, recently led a delegation to Beijing for a series of meetings with Chinese counterparts. The visit highlighted the strong economic dialogue between the two nations and aimed to enhance financial, trade, and investment cooperation. During the meetings, Minister Al-Jadaan discussed various ways to foster greater prosperity and contribute to the growth of the global economy.
One of the key meetings during the visit was between Minister Al-Jadaan and his Chinese counterpart, Lan Fuan. They discussed important issues in global financial markets and the significant developments that have been taking place. This meeting symbolized a crucial moment in the bilateral relations between Saudi Arabia and China, showcasing the commitment to strengthening financial ties.
The Saudi delegation included Deputy Minister of Finance Abdul Mohsen Al-Khalaf, as well as senior officials from various Saudi financial institutions. Representatives from ZATCA, the National Development Fund, the Saudi Fund for Development, and the National Infrastructure Fund were also present, highlighting the broad spectrum of cooperation between the two nations.
Further emphasizing the deepening financial ties, Minister Al-Jadaan and Minister Lan Fuan co-chaired the third meeting of the Finance Subcommittee of the High-Level China-Saudi Joint Committee. This session focused on aligning economic strategies and exploring new avenues for cooperation that would benefit both countries in the long run.
In addition to the official meetings, the National Center for Privatization hosted a roundtable in collaboration with the Industrial and Commercial Bank of China. The focus was on investment opportunities and privatization initiatives, showcasing the commitment towards mutual economic benefits and increased cooperation between Saudi Arabia and China.
Overall, the visit by Minister Al-Jadaan and the Saudi delegation aimed to explore new economic and financial incentives in line with the ambitious Saudi Vision 2030. Deputy Minister Al-Khalaf also chaired a roundtable with Chinese Vice Minister of Finance Liao Min, discussing bilateral investment and infrastructure development opportunities. These discussions underscored the commitment of both nations to strengthen their financial ties and explore new avenues for collaboration.
