Saudi Gazette report

BEIJING — Mohammed Al-Jadaan, Saudi Arabia's Minister of Finance, led a delegation to Beijing, participating in the Saudi-Chinese meetings from May 20-21. This critical engagement underscores the ongoing and robust economic dialogue between the two nations.

During his visit, Minister Al-Jadaan met with his Chinese counterpart, Lan Fuan. Together, they discussed enhancing financial, trade, and investment cooperation towards fostering greater prosperity and contributing to the growth of the global economy. These discussions took place on Monday in Beijing, symbolizing a pivotal moment in bilateral relations.

Additionally, Al-Jadaan held a meeting with Wu Qing, the Chairman of the Chinese Securities Regulatory Commission, where they reviewed the most significant developments in global financial markets.

The Saudi delegation included Deputy Minister of Finance Abdul Mohsen Al-Khalaf, along with senior officials from the Saudi Central Bank, Capital Market Authority, and the National Center for Privatization. Representatives from ZATCA, the National Development Fund, the Saudi Fund for Development, and the National Infrastructure Fund were also present, highlighting the broad spectrum of cooperation.

Minister Al-Jadaan and Minister Lan Fuan co-chaired the third meeting of the Finance Subcommittee of the High-Level China-Saudi Joint Committee. This session emphasized the deepening financial ties aligned with the economic strategies of both countries.

In collaboration with the Industrial and Commercial Bank of China, the National Center for Privatization hosted a roundtable focusing on investment opportunities and privatization initiatives, marking another step towards mutual economic benefits.

Throughout his stay, Al-Jadaan engaged with various Chinese prime ministers and investors to explore new economic and financial incentives. These discussions, framed within the ambitious Saudi Vision 2030, aim to unlock potential investment and cooperation avenues.

Deputy Minister Al-Khalaf also chaired a roundtable with Chinese Vice Minister of Finance Liao Min. Organized by the Chinese Ministry of Finance and the China Development Bank, in cooperation with the China Investment Corporation, the dialogue delved into bilateral investment and infrastructure development possibilities.