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$50 billion. That’s how much Saudi Arabia’s Public Investment Fund (PIF)’s new deal with China is. A transformative move for global finance. Here’s all you need to know in under 60 seconds. The PIF has signed numerous agreements with top Chinese financial firms. The goal? To boost economic ties between both countries. To do so, the deal involves spending on various sectors, including energy and technology. Mutual growth at its finest. And there’s more. This groundbreaking agreement will improve financial cooperation, innovation, and trade between Saudi Arabia and China. For people in Saudi Arabia, product innovation and economic growth will skyrocket. Imagine having access to the best consumer goods. And for entrepreneurs in China? A rapidly growing consumer market with infinite potential for growth. The future is all about collaboration, not competition. What a move. I can’t wait to visit China and explore the endless business opportunities myself. It’s only upwards from here.
A new strategic, geopolitical and economic partnership between China and Saudi Arabia is emerging which is becoming a landmark in the Gulf region. This is a partnership based on respect, honesty and mutual benefits. It will soon culminate in a signing of a free trade agreement between the Gulf Cooperation Council (GCC) countries and China. The cooperation and mutual investments between Saudi Arabia and China fit like a hand in a glove. Where China brings cooperation and peace to the Gulf region, the US has for years been playing Iran and Saudi Arabia against each other for the sake of selling weapons to the Saudis. Dr Mamdouh G Salameh International Oil Economist Global Energy Expert
Abdullah Imran
4mo
Why there is no tesla or EVs to there homeland? In Vision 2030 Diversification on non oil is needed
Michael M. Mir
4mo
The USA and west are being left behind. Petro Yuan next.
Keith Warburton
4mo
Another example of the shifting of the tectonic plates. Whilst this is happening globally, here in the UK we are only focused on small boats and cutting ties with our best friends
This is a game-changer! Exciting to see such strong collaboration between these two economic powerhouses. 🙌
Mutlaq Alqahtani
4mo
Such partnerships with China can drive growth, innovation, and open up new markets. For Saudi Arabia, it aligns with vision 2030, reducing oil dependence and building new industries. For China, I think it is a gateway to the Middle Eastern market and key resources. So collaboration over competition is the way forward, accelerating development and innovation that might be tough to achieve alone.
While there could some business and economic benefits, this is mostly a geopolitical move. Deeper binding with sino-russian axis. Buying insurance while remaining balanced. A shrewd move
Colin Charlton
4mo
There is an ever increasing strength of geopolitical cooperation between China and the Gulf state nations. With ever increasing ambition, the Gulf states are ever increasingly showing their prowess in the art of international growth, prestigious builds. and ambitious projects. The development within is now starting to impact globally showing that the leadership is, indeed, up to the challenge of setting standards for others to follow.
Christian Vogt
4mo
a very cleverly chosen path to stable trade relations for both sides. Let's wait and see when the USD also finds a replacement.
Interesting. I am curious to understand which specific areas and technologies are the focal points. Simplifying trade is very beneficial for China as it needs a market for its current overproduction caused by slacking domestic demand. The true benefits for SA is more opaque to me at this point.