Saudi Foreign Minister: China is the largest trade partner of Arab countries.
Faisal bin Farhan said at the meeting of Chinese and Arab businessmen that the volume of trade between China and Arab countries is 430 billion dollars.
Saudi Arabia’s Foreign Minister Faisal bin Farhan, attending the opening ceremony of the 10th Chinese and Arab Businessmen’s Conference today (Sunday), considered China to be the biggest trading partner of Arab countries.
According to Al-Arabiya, bin Farhan welcomed the holding of this conference and said that the government of Saudi Arabia and Mohammed bin Salman personally strongly support the strengthening of trade cooperation between Arab countries and China and have supported the results obtained from the meeting of Arab and Chinese cooperation from the beginning. .
The foreign minister of Saudi Arabia also referred to the visit of Chinese President Xi Jinping to Riyadh in December 1401 and said that this trip increased relations between Beijing and Riyadh at all levels.
Faisal bin Farhan also considered China the largest trade partner of the Arab countries with 430 billion dollars in trade volume. He said that there is a mutual desire between the Arab countries and China to develop partnerships and cooperation.
In this regard, he explained: “China is the largest trade partner of Arab countries so the total volume of trade between the two sides will reach 430 billion dollars in 2022 with a growth of 31%. The Kingdom of Saudi Arabia will account for 25% of the total trade between China and It forms Arab countries, and the volume of trade between our country and China has reached 106.1 billion dollars in 2022, which shows a 30% growth compared to 2021.
On the other hand, “Khalid al-Falih”, the Minister of Investment of Saudi Arabia, also announced the beginning of the “New Silk Road” between China and the Arab countries and said in his words that the New Silk Road is in line with Saudi Arabia’s vision for cooperation and partnership with China. goes”.
He further said that the Kingdom of Saudi Arabia has acted as a bridge between the Arab world and China and is working towards developing relations. Khaled al-Falih considered Saudi Arabia to be the largest economy in West Asia and the fastest-growing economy in 2022.