Category Archives: Kingdom of Saudi Arabia

Leveraging the China-Pakistan Economic Corridor for the Success of NEOM: A Collaboration for the Future

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NEOM is a visionary megacity project that was recently announced by Crown Prince Mohammed bin Salman of Saudi Arabia. The project aims to create a new, cutting-edge city that is powered by renewable energy and driven by technology and innovation.

NEOM is expected to be a hub for various industries, including energy, water, biotechnology, advanced manufacturing, and entertainment. With its state-of-the-art infrastructure, cutting-edge technology, and supportive business environment, NEOM has the potential to be a leading player in the global economy.

 

The China-Pakistan Economic Corridor Business Network (CPECB) is a network of companies that are working to promote trade and investment between China and Pakistan. The network provides a platform for companies to share information and connect with one another, and it offers a range of services, including  trade facilitation, and investment promotion Sourcing reliable companies in various sectors 

 

NEOM can benefit from the CPECB network by accessing a pool of reliable and verified companies in various sectors, such as construction, engineering, Logistics, building material, security, human resource, and energy. These companies have extensive experience and a proven track record, and they can offer high-quality services and products to support the development of NEOM.

In order to fully leverage the benefits of the CPECB network, it is recommended that NEOM consider sharing its requirements with the network. This will enable the network to identify companies that are best suited to meet the specific needs of the megacity project.

 

In conclusion, the NEOM project has the potential to be a game-changer for the global economy, and the CPECB network can play an important role in supporting its development. By connecting with the network, NEOM can tap into a wealth of expertise, experience, and resources, and it can build strong partnerships with companies in China and Pakistan.

Prospects for China-Arab ties were boosted by the signing of 34 investment agreements during President Xi’s visit to Saudi Arabia.

Saudi and Chinese companies have signed 34 investment agreements during the start of Chinese President Xi Jinping three-day visit to the Kingdom, the official Saudi Press Agency (SPA) reported on Thursday.

 

Saudi and Chinese companies have signed 34 investment agreements during the start of Chinese President Xi Jinping three-day visit to the Kingdom, the official Saudi Press Agency (SPA) reported on Thursday.

 

Xi arrived in Riyadh on Wednesday. It marks his third overseas journey since the coronavirus pandemic began.

 

On Wednesday evening dozens of agreements were signed between Saudi and China covering several sectors in the fields of green energy, green hydrogen, photovoltaic energy, information technology, cloud services, transportation, logistics, medical industries, housing and construction factories.

 

Saudi Arabia’s Minister of Investment Khalid bin Abdulaziz al-Falih confirmed that the agreements reflect the Kingdom’s keenness under the leadership of the King Salman and Crown Prince Mohammed bin Salman to develop the Kingdom’s relations in all fields including economic and investment with China.

 

Eng. al-Falih said that this visit reflects the keenness of the leaderships of the two countries to develop and strengthen relations and partnership between the two countries in all fields, including economic and investment, adding that the visit will contribute to raising the pace of economic and investment cooperation between the two countries.

 

He also explained that the Kingdom and the People’s Republic of China have solid relations and a close partnership that witnessed comprehensive development over the past years, especially after the mutual visits between the leaderships of the two countries, which resulted in fruitful cooperation that included various fields.

He further said that the Kingdom, in light of Vision 2030, offers unprecedented investment opportunities in various sectors including renewable energy, industry, communications, information technology, biotechnology, tourism, building and construction, and others, expressing his aspiration to enhance investments between the Kingdom and China.

 

The volume of trade exchange between the two countries amounted to SAR304 billion ($80 billion) in 2021, and trade exchange in the third quarter of 2022 recorded SAR103 billion ($270 million).

 

Xi’s visit to the Kingdom will run until December 9 during which a Saudi-China summit headed by King Salman and the Chinese president, with the participation of Crown Prince Mohammed bin Salman, will be held.Xi arrived in Riyadh on Wednesday. It marks his third overseas journey since the coronavirus pandemic began.

 

On Wednesday evening dozens of agreements were signed between Saudi and China covering several sectors in the fields of green energy, green hydrogen, photovoltaic energy, information technology, cloud services, transportation, logistics, medical industries, housing and construction factories.

 

Saudi Arabia’s Minister of Investment Khalid bin Abdulaziz al-Falih confirmed that the agreements reflect the Kingdom’s keenness under the leadership of the King Salman and Crown Prince Mohammed bin Salman to develop the Kingdom’s relations in all fields including economic and investment with China.

 

Eng. al-Falih said that this visit reflects the keenness of the leaderships of the two countries to develop and strengthen relations and partnership between the two countries in all fields, including economic and investment, adding that the visit will contribute to raising the pace of economic and investment cooperation between the two countries.

 

He also explained that the Kingdom and the People’s Republic of China have solid relations and a close partnership that witnessed comprehensive development over the past years, especially after the mutual visits between the leaderships of the two countries, which resulted in fruitful cooperation that included various fields.

He further said that the Kingdom, in light of Vision 2030, offers unprecedented investment opportunities in various sectors including renewable energy, industry, communications, information technology, biotechnology, tourism, building and construction, and others, expressing his aspiration to enhance investments between the Kingdom and China.

 

 

The volume of trade exchange between the two countries amounted to SAR304 billion ($80 billion) in 2021, and trade exchange in the third quarter of 2022 recorded SAR103 billion ($270 million).

 

Xi’s visit to the Kingdom will run until December 9 during which a Saudi-China summit headed by King Salman and the Chinese president, with the participation of Crown Prince Mohammed bin Salman, will be held.

The first ever Grimaldi automobile transporter has arrived at King Abdulaziz Port from China

MSC Cristiana is a 4,250-vehicle car carrier owned by automobile shipping giant Grimaldi Group. (Vessel Finder)

RIYADH: The Saudi Ports Authority, or Mawani, has reported the arrival of the 4,250-vehicle MSC Cristiana to Dammam’s King Abdulaziz Port from the Chinese port of MCID. MSC Cristiana is owned by the automobile transport giant Grimaldi Group.

 

With major shipping lines approaching Saudi waters, the national maritime authority has reached a new milestone in its quest to improve the Kingdom’s connectivity with the rest of the world via passenger liners. In accordance with the objectives of the National Transport and Logistics Strategy, it also aspires to strengthen its position as a worldwide competitive force, as well as boost national economic growth and international trade.

 

Due to its proximity to Jubail’s ports and industrial complex, as well as its rail connections to Riyadh Dry Port and the Saudi railway network, King Abdulaziz Port is a highly regarded commerce and investment centre in the Arabian Gulf.

 

The port was ranked fourteenth on the World Bank’s Container Port Performance Index for 2021 due to its portfolio of world-class operating capabilities and best-in-class infrastructure, including 43 berths.

 

Recent additions to the port’s roster of shipping services include the Jebel Ali Bahrain Shuwaikh Service by Emirates Shipping Line, the Far East to Middle East service by Sea Lead Shipping in conjunction with Saudi Global Ports, and the Gulf-India Express 2 service by Aladin Express. In addition to the most recent expansion of the Gulf China Service by Pacific International Lines, Shanghai and Singapore have been added as new ports of call.

 

In addition to positioning King Abdulaziz Port as a global destination, the shipping services contribute to enabling a larger share of the regional maritime freight market and positioning the port as a global destination.