Subscribe     Pay Now

Saudi Arabia Procurement News Notice - 98738


Procurement News Notice

PNN 98738
Work Detail The signed agreements encompassed a range of projects across the environment, water, agriculture, fisheries, and livestock sectors BEIJING — The Saudi-Chinese Business Forum wrapped up in Beijing on Wednesday with clinching 57 agreements and memoranda of understanding (MoUs) valued at over SR14 billion between Saudi and Chinese entities. The forum was attended by Minister of Environment, Water and Agriculture Abdulrahman Alfadley, with broad participation of officials and investors in the agricultural and food sectors from both countries. Speaking on the occasion, Alfadley noted that trade exchange between Saudi Arabia and China has exceeded $107 billion, underscoring strength and strategic importance of their bilateral economic ties. He highlighted that China is one of the Kingdoms most significant trading partners, representing 18 percent of its foreign trade. The signed agreements encompassed a range of projects across the environment, water, agriculture, fisheries, and livestock sectors. Key initiatives include knowledge exchange on water recycling, development of human capacity-building programs, establishment of seaweed cultivation stations, and production of biofuels and biofertilizers. They also included plans to develop a smart city dedicated to food security in the Kingdom, featuring factories, laboratories, and integrated logistics services. Additionally, they outlined joint efforts to establish a comprehensive industrial city in the Jazan region focused on primary and transformative industries, aimed at strengthening supply chains and creating new opportunities for agriculture-related industrial investment. During the Chinese visit, Minister Alfadley held discussions with Chinese Minister of Ecology and Environment Huang Runqiu. During the meeting, the ministers explored avenues for bilateral cooperation in environmental protection, pollution reduction, ecosystem restoration, and the exchange of expertise in sustainable environmental management. Alfadleys three-day official visit to Beijing, which concluded on Wednesday, aimed to strengthen environmental relations between the Kingdom and China and explore opportunities for cooperation in environmental sustainability.
Country Saudi Arabia , Asia
Industry Financial Services
Entry Date 17 May 2025
Source https://www.zawya.com/en/economy/gcc/saudi-arabia-and-china-sign-57-deals-worth-over-373bln-s1of908r

Tell us about your Product / Services,
We will Find Tenders for you