On April 22, the People’s Government of Changshu City, Jiangsu Province, successfully hosted the Saudi-China (Changshu) Invest and Trade Conference at Crowne Plaza Riyadh RDC Hotel Convention. This conference highlighted the synergy between Saudi Arabia’s Vision 2030 and China’s economic prowess, promoting new opportunities for bilateral cooperation and investment. The event brought together prominent CEOs and investors from Saudi Arabia to explore collaborative opportunities with Chinese enterprises.

China’s Jiangsu Province stands as an epitome of economic advancement, showcasing the most developed economy and strong industrial foundation in the nation. In 2021, Jiangsu Province reported a staggering GDP of 11.6 trillion yuan and has held the top spot in China’s per capita GDP rankings since 2009. Renowned for its diverse industrial landscape, Jiangsu Province leads the forefront in sectors like new energy vehicles, integrated circuits, biopharmaceuticals, electronic information, equipment manufacturing, petrochemicals, textiles and clothing, print packs, and plastic machines.

The Saudi-China (Changshu) Invest and Trade Conference draws a diverse array of participants:

  1. Industrial Parks in Saudi Arabia: These hubs aim to attract Chinese companies seeking strategic partnerships and expansion opportunities in the Saudi market.
  2. Saudi Manufacturing Enterprises: Focused on utilizing mature industrial technologies, equipment, and talent from China to enhance their operational efficiency and product quality.
  3. Saudi Entrepreneurs: Eager to explore collaborative ventures and investment opportunities with Chinese counterparts across various industries.
  4. Consulting Service Agencies: These agencies, with their expertise in helping Chinese companies navigate the complexities of investing in Saudi Arabia, play a crucial role in promoting bilateral cooperation.
  5. Government Officials and Enthusiasts: All individuals with a vested interest in deepening economic ties between Saudi Arabia and China are welcomed to participate and contribute to the discourse.

This conference serves as a catalyst for promoting mutual understanding, exploring innovative partnerships, and capitalizing on the vast potential for economic cooperation between Saudi Arabia and China. By facilitating dialogue and collaboration across diverse sectors, the Saudi-China (Changshu) Invest and Trade Conference paves the way for a new era of growth and prosperity for both nations.