Meeting promotes industry investment cooperation between China, Saudi Arabia

On Sept 20, an exchange meeting for industry investment cooperation between China and Saudi Arabia (Jazan) was held in the Guangzhou Development District (GDD).

The meeting brought together representatives from government departments of both China and Saudi Arabia, as well as representatives from nearly 80 Chinese and Saudi enterprises, including the Jazan City for Primary and Downstream Industries (JCPDI) Port Consortium, to jointly explore cooperation in industrial capacity between China and Saudi Arabia, the development and construction of the Jazan Industrial Cluster Zone, and new investment opportunities in Saudi Arabia.

During the event, Guangzhou High-Tech Investment Group and Luoyang Molybdenum Industry engaged in in-depth discussions with the Saudi side, accelerating the implementation of the Jazan Luoyang Molybdenum electrolytic aluminum project and the Jazan bonded warehouse project.

The China-Saudi industrial capacity cooperation project has been included in the list of key projects for the national Belt and Road Initiative. It prioritizes the Jazan Industrial City and downstream industries, integrating park planning and local resources. It will introduce industries such as metal smelting, processing, and green energy, driving the coordinated development of the industrial chain upstream and downstream through flagship projects.

The GDD is promoting the construction of the Jazan Industrial Cluster Zone, aiming to make it a strategic platform for China-Saudi cooperation and a hub for bilateral openness between China and Saudi Arabia.

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