Ties Between China and Saudi Arabia up a Higher Level after Signing Cooperation Deals
President Xi Jinping witness ties between China and Saudi Arabia went up a higher level as it secured a wide range of deals that covers industrial capacity cooperation, energy and the Belt and Road Initiative. President Xi Jinping arrived in Riyadh for a state visit that is a start of a three nation Middle Eat tour that will bring him to Egypt and Iran and this will be his first visit in the region since his term as president. Xi said that Saudi Arabia is a major Arab country with Islamic power and having a two way relationship will achieved great leaps forward that will benefit both countries.
Xi Jinping and Saudi King Salman bin Abdulaziz Al Saud witnessed the signing of a memorandum of agreement of understanding on advancing the Belt and Road Initiative and production capacity cooperation. Other agreements signed were on energy, aviation and telecommunications. Furthermore both countries released a joint statement about forming a comprehensive strategic partnership and both agreed in boosting the joint development strategies. Annual trade between nations have reached $69 billion in 2014 around 230 times the figure in 1990 the year diplomatic ties between Beijing and Riyadh was established.
Before his talks with the Saudi king, Xi received a ceremonial welcome at the Royal Court and his motorcade was escorted by mounted guards and after he inspected the honor guard of the troops. Xi told the king that by raising their ties to a new level deepens bilateral strategic trust and will lead the two countries to greater outcomes from mutual beneficial cooperation. The king told Xi that Saudi Arabia will be giving their full support to China’s Belt and Road Initiative and is ready to deepen its cooperation in fields such as investment, trade, energy, education science and technology. After heir talks the king presented Xi with a King Abdul Aziz Medal.
Saudi Arabia is the largest crude oil supplier and trade partner of China in the West Asia and North Africa region, while China is among Saudi Arabia’s top trading partner. Analysts say that the agreements signed between both countries showcase the future pathways for Saudi Arabia to upgrade their industries and effectively serve the country’s plan in diversifying its economy, a consumption of crude oil advances, Saudi Arabia is looking for alternative energy sources especially in the nuclear and recyclable industry.