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