Premier Li Urges Saudi Firms to Expand Their Operations in China
On Wednesday, Chinese Premier Li Qiang called on Saudi companies to enhance their participation in the Chinese market and invest with increased confidence.
TroibNews 
Chinese Premier Li Qiang on Wednesday called on Saudi firms to increase their participation in China's market and invest with enhanced confidence.
During a meeting with representatives from the Saudi business community, including those from the Saudi Public Investment Fund, Saudi Arabian Oil Company, Saudi Basic Industries Corporation, ACWA Power, and Ajlan & Bros Holding Group, Li emphasized the potential for deeper economic engagement. The gathering also included Saudi Minister of Commerce Majid bin Abdullah Al-Qasabi, Minister of Investment Khalid Al-Falih, and members of the China-GCC joint investment commission.
Premier Li highlighted the advantageous conditions that the China-Saudi Arabia economic and trade partnership provides for intensification. He stated, "The China-Saudi Arabia economic and trade cooperation offers many favorable conditions for further deepening," and added that entrepreneurs from both nations should capitalize on these opportunities to enhance their influence.
Li advocated for Saudi enterprises to broaden and fortify their collaborations with China in established areas like oil and gas, petrochemicals, infrastructure, and trade, as well as in burgeoning sectors such as the digital and green economies.
Furthermore, Li called on Saudi businesses to actively foster stronger ties of friendship and understanding between the two countries, thereby elevating the China-Saudi Arabia comprehensive strategic partnership to greater heights.
Emphasizing China's dedication to creating an optimal business climate, Li remarked, "The Chinese government is committed to building a top-tier business environment that is market-driven, law-based and internationally oriented."
Moreover, he noted, "China will further relax market access, fully lift restrictions on foreign investment in the manufacturing sector, accelerate the opening of service sectors like telecommunications and provide robust support for foreign enterprises, helping them establish a stronger presence in the country and achieve success in China."
Ramin Sohrabi for TROIB News
During a meeting with representatives from the Saudi business community, including those from the Saudi Public Investment Fund, Saudi Arabian Oil Company, Saudi Basic Industries Corporation, ACWA Power, and Ajlan & Bros Holding Group, Li emphasized the potential for deeper economic engagement. The gathering also included Saudi Minister of Commerce Majid bin Abdullah Al-Qasabi, Minister of Investment Khalid Al-Falih, and members of the China-GCC joint investment commission.
Premier Li highlighted the advantageous conditions that the China-Saudi Arabia economic and trade partnership provides for intensification. He stated, "The China-Saudi Arabia economic and trade cooperation offers many favorable conditions for further deepening," and added that entrepreneurs from both nations should capitalize on these opportunities to enhance their influence.
Li advocated for Saudi enterprises to broaden and fortify their collaborations with China in established areas like oil and gas, petrochemicals, infrastructure, and trade, as well as in burgeoning sectors such as the digital and green economies.
Furthermore, Li called on Saudi businesses to actively foster stronger ties of friendship and understanding between the two countries, thereby elevating the China-Saudi Arabia comprehensive strategic partnership to greater heights.
Emphasizing China's dedication to creating an optimal business climate, Li remarked, "The Chinese government is committed to building a top-tier business environment that is market-driven, law-based and internationally oriented."
Moreover, he noted, "China will further relax market access, fully lift restrictions on foreign investment in the manufacturing sector, accelerate the opening of service sectors like telecommunications and provide robust support for foreign enterprises, helping them establish a stronger presence in the country and achieve success in China."
Ramin Sohrabi for TROIB News
