SFC Markets and Finance | Bandar AlKhorayef: More Chinese technologies will be used in Saudi Arabia

As a major oil-producing country, Saudi Arabia has been committed to establishing a more diverse and sustainable economic structure. The non-oil exports of Saudi Arabia had a significant increase in July 2024, with a year-on-year surge of 19.04%, reaching approximately $6.76 billion. In this process, China has become an important partner, with increasing Chinese companies viewing Saudi Arabia as a key destination for overseas development. Bandar AlKhorayef, Saudi Arabia's Minister of Industry and Mineral Resources, expressed that China has shown great progress in terms of automation, and introducing new technologies, new innovation, and he believed that more and more technologies from China would be very much used in countries like Saudi Arabia. #China #SaudiArabia #Technology