RIYADH: Saudi Arabia’s automotive industry is set to benefit from advanced technology and strategic deals signed with Chinese companies during a ministerial visit.
Minister of Industry and Mineral Resources Bandar Alkhorayef is leading a delegation to China and Singapore from Sept. 1 to 8. The visit seeks to strengthen bilateral relations, attract investments to Saudi Arabia, and explore joint venture opportunities in the industrial sector, according to the Saudi Press Agency.
During the trip, Alkhorayef visited the Guangzhou Economic and Technological Development District and toured Guangzhou MINO Equipment Co. He engaged in discussions with the company’s vice president about potential collaborations in manufacturing high-tech vehicles.
This initiative supports Saudi Arabia’s goal to become a major automotive hub and a leader in innovative, eco-friendly vehicle solutions.
The Saudi automotive market is a significant player in the region, representing 40 percent of total sales in the Middle East and North Africa.
In a post on X, Alkhorayef wrote: “My official visit to China started with a tour of the Guangzhou Economic and Technological Development Zone, where I learned about their experience in setting up industrial cities.”
“I also visited GAC and met with FOTON to discuss opportunities to enhance industrial cooperation and exchange expertise and knowledge, especially in the manufacture of high-tech cars,” the minister added.
Source: Arab News
