Saudi Arabia looks to work with China: Ambassador
According to the Saudi ambassador to China, Saudi Arabia wants to engage with China to take advantage of the potential for cooperation between the two nations, facilitating real advancement in bilateral relations.
Ahmed Abdulrahman At a reception honouring the 92nd National Day of the Kingdom of Saudi Arabia, Alharbi praised the friendship and improved relations between China and Saudi Arabia.
Saudi Arabia and China are comprehensive strategic allies. According to Chinese figures, trade between the two countries reached $65 billion during the first seven months of this year, an increase of about 40% from the same period last year.
The ambassador told the Global Times that China has made incredible progress in a variety of areas, including economic reform, building infrastructure, and trade liberalisation.
He told the Global Times that he wished the Chinese people success as well as the best for the upcoming 20th National Congress of the Communist Party of China (CPC).
Having dealt with China-related issues over the previous seven years, Ambassador Al-Harbi claimed to have seen firsthand how China, through efforts in all sectors, rose to become the second-largest economy in the world.
He told the Global Times that there are many opportunities for cooperation between Saudi Arabia’s Vision 2030 and the Belt and Road Initiative (BRI), which is being proposed by China. To fulfil the interests of both parties and advance bilateral relations, we are working on that.
Statistics show that in the first half of 2022, China and Saudi Arabia’s total import and export volume exceeded 357.1 billion yuan, an increase of about 40% year over year. He added that he was hopeful about future economic and commercial cooperation between China and Saudi Arabia, saying “Many areas are full of hope.” “We will collaborate with China to accomplish greater objectives.”
Public statistics revealed that China is Saudi Arabia’s biggest crude oil importer and trading partner, according to media sources. More than a quarter of Saudi Arabia’s oil exports were purchased by China in 2021. Both nations are currently negotiating to settle Saudi oil sales to China in yuan.