Shanghai: Deputy Minister of Investment for Economic Affairs and Investment Studies Dr. Saad Alshahrani affirmed that China is a strategic investment partner for Saudi Arabia, emphasizing that the next phase will focus on deepening bilateral investments, bolstering industrial partnerships, and building shared value chains. According to Saudi Press Agency, speaking at a Saudi-China strategic investment dialogue during the Capital Markets Forum (CMF) Select Shanghai 2026, Alshahrani invited Chinese companies to capitalize on local opportunities and collaborate on building next-generation industries across manufacturing, logistics, technology, and emerging sectors. Reviewing economic progress under Saudi Vision 2030, Alshahrani noted that the Saudi economy, domestic investment, and foreign direct investment (FDI) stock have doubled over the past decade, with FDI inflows surging nearly fivefold. Non-oil domestic investment now accounts for roughly 40% of non-oil GDP, ranking the Kingdom second among G20 nations after China, while foreign companies operating in the Kingdom have grown tenfold. He underscored that the National Investment Strategy consistently exceeds its annual targets, lifting the Kingdom into the global top 10 of the FDI Confidence Index. Moving forward, the Kingdom is prioritizing high-impact, productive investments that advance technology transfer, generate quality employment, and expand export reach globally.
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