RIYADH — The Chairman of Saudi-Chinese Business Council at the Federation of Saudi Chambers Mohamed Bin Abdulaziz Al-Ajlan has said that Chinese companies have expressed interest in investing in the Kingdom of Saudi Arabia and taking part in privatization projects in various government sectors.

He added, that this is in addition to investing in infrastructure projects, while commending the historical relations between the two countries.

Al-Ajlan made these remarks following the Council's participation in the forum of heads of Chinese-Arab friendship associations that was held virtually Tuesday and went over aspirations to further develop Chinese-Arab cooperation.

During a speech he delivered on behalf of Saudi members of the Council, the chairman stressed that the economic and financial cooperation between Arab countries and China has witnessed a remarkable development towards boosting commercial and investment ties.

He also voiced his aspirations for more efforts to support commercial exchange and joint investments through utilizing available opportunities in all countries.

He also praised the cooperation between the Kingdom of Saudi Arabia and China in the Silk Road Economic Belt and the 21st Century Maritime Silk Road Initiative, mainly with regard to the production capacity.

This will contribute to speeding up procedures to enhance investment and commercial ties under an economic environment that is characterized by quick change, which highlights the importance of utilizing investment and commercial opportunities available for both sides. — SPA