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Investment Background – China-Saudi Arabia Capacity Cooperation Framework Agreement

 


∎ The Belt and Road Initiative of China

  -Encourages Chinese companies to bring their capacity overseas

  -Facilitates the “Going Abroad” process of supporting equipment

  -Promotes the economic transformation and upgrading of China

 

∎ Saudi Arabia Vision 2030

-To reduce overdependence on oil

-To become one of the world’s 15 largest economies

-To lift the foreign direct investment to GDP ratio to 5.7% (the international level)

-To increase the private sector’s contribution to GDP to 65%


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Link:PAN-ASIA SAUDI CO., LTD.(http://www.panasia.com.sa)


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