Site icon YCNews

Saudi Finance Minister: Saudi-China digital economic cooperation has great potential

Saudi Finance Minister: Saudi-China digital economic cooperation has great potential

This is the scene of the Global Artificial Intelligence Summit, filmed in Riyadh, Saudi Arabia on October 21. Photo by Tu Yifan, reporter of Xinhua News Agency)

Riyadh, December 18 Saudi Arabia’s Finance Minister Mohammed Jadan said in a written interview with Xinhua News Agency recently that Saudi Arabia’s digital economy development has great potential, and Saudi Arabia and China’s cooperation in the digital economy has great potential.

In order to get rid of the economy’s dependence on oil, Saudi Arabia issued Vision 2030 and National Transformation Plan in 2016, hoping to gradually diversify the economic structure through economic and social reform “two-wheel drive”.

According to Jadan, under Vision 2030, Saudi Arabia has invested heavily in infrastructure and the digital economy in the past few years, so that activities in the fields of health care, education and commerce can be carried out smoothly during the coronavirus epidemic, which is the main factor for Saudi Arabia’s success in meeting the challenges of the epidemic.

He said that Saudi Arabia’s digital economy has great potential. As Saudi Arabia expands digital services to the whole country, many Chinese enterprises have helped to develop areas such as 5G.” We attach great importance to our Chinese partners and hope to expand the cooperation between the two countries in the further development of the digital economy.”

Jia Dan also said that this year marks the 30th anniversary of the establishment of diplomatic relations between Saudi Arabia and China. Saudi Arabia and China have strong bilateral relations and many commonalities.

“Saudi and China are natural and ideal partners for the implementation of the u20182030 vision u2019 and the u2018 Belt and Road u2019 initiative”.

People watch art installations live at the Global Artificial Intelligence Summit in Riyadh, Saudi Arabia, on October 21. Photo by Tu Yifan, reporter of Xinhua News Agency)

He said that promoting the role of the private sector in economic growth is a key goal of Saudi Vision 2030 and its strategic plan. To this end, the government has begun a number of reforms aimed at improving the business environment and helping Saudi Arabia improve its competitiveness.

“The Saudi economy is diversifying, and emerging sectors such as entertainment and tourism are rapidly developing, which creates a lot of new investment opportunities for Chinese enterprises. He said.

Jia Dan said that cooperation in energy, trade, investment and infrastructure construction is a feature of economic and trade relations between Saudi Arabia and China.

With Saudi Arabia attaching importance to the development of a knowledge-based economy, it is very important to further strengthen digital cooperation between the two countries. We very much welcome Chinese companies to help Saudi Arabia realize the u20182030 vision u2019, and we also invite China’s leading financial and investment companies to explore investment opportunities in Saudi Arabia.

Exit mobile version