Agreements worth $29 billion to be signed during China’s Xi visit to Saudi Arabia

13:54 Fri, 03 February

GEO

USD

$ 2.6474

EUR

€ 2.9087

GBP

£ 3.2605

RUB

₽ 0.0378

TRY

₺ 0.0014

AZN

₼ 0.0156

XRP

0.4120

06.Dec .2022 22:00

Agreements worth $29 billion to be signed during China’s Xi visit to Saudi Arabia

366

Back

More than 20 initial agreements worth SAR 110 billion ($29.26 billion) will be signed during Chinese President Xi Jinping’s visit to Saudi Arabia this week, the official Saudi Press Agency (SPA) reported on Tuesday.

The Chinese president will embark on an official visit to Saudi Arabia on Wednesday at the invitation of Saudi Arabia’s King Salman bin Abdulaziz.

Xi’s visit to the Kingdom will run until December 9 during which a Saudi-Chinese summit headed by King Salman and the Chinese president, with the participation of Crown Prince Mohammed bin Salman, will be held.

In addition to the deals, China and Saudi Arabia will sign a strategic partnership agreement and a plan to harmonize the Kingdom’s Vision 2030 with China’s Belt and Road Initiative.

The summit will also witness launching Prince Mohammed bin Salman Award for Cultural Cooperation between Saudi Arabia and China, Al Arabiya reports.