SCB Council Chairman says 15 Chinese companies show interest in Saudi privatization projects

Mohammed Al Ajlan, Chairman of Saudi-Chinese Business Council

Mohammed Al Ajlan, Chairman of the Saudi Chinese Business (SCB) Council at the Federation of Saudi Chambers, said about 15 Chinese companies expressed interest in investing in the Kingdom and entering into infrastructure and privatization projects in various government sectors. 

In a statement following the council's participation in the forum of Heads of Chinese-Arab friendship associations, Al Ajlan said that the economic and financial cooperation between Arab countries and China witnessed a remarkable development towards boosting commercial and investment ties.

He also voiced his aspirations for more efforts to support commercial exchange and joint investments through utilizing available opportunities in all countries.

He praised the cooperation between Saudi Arabia and China in the Silk Road Economic Belt and the 21st Century Maritime Silk Road Initiative, mainly regarding the production capacity.

This will contribute to speeding up procedures to enhance investment and commercial ties under an economic environment that is characterized by quick change, which highlights the importance of utilizing investment and commercial opportunities available for both sides.

Over the past years, it became clear that the value of cooperation to build the belt and road increased in accordance with the principle of consultation, cooperation and mutual benefit, Al Ajlan stated.

This will contribute to expanding areas of cooperation to open up broad horizons through the development of new qualitative sectors to serve strategic objectives and promote concepts of sustainability in the common interests of both sides, he concluded.