Saturday, 17 May 2025
America Age
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Font ResizerAa
America AgeAmerica Age
Search
  • Trending
  • World
  • Politics
  • Opinion
  • Business
    • Economy
    • Real Estate
    • Money
    • Crypto & NFTs
  • Tech
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion / Beauty
    • Art & Books
    • Culture
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 America Age. All Rights Reserved.
America Age > Blog > World > China’s Xi, Saudi royals ink deals during high-stakes visit
World

China’s Xi, Saudi royals ink deals during high-stakes visit

Enspirers | Editorial Board
Share
China’s Xi, Saudi royals ink deals during high-stakes visit
SHARE

Chinese President Xi Jinping and Saudi Arabia’s powerful crown prince met Thursday on an Arab outreach visit that has earned a rebuke from Washington, reaching deals in areas including energy and infrastructure.

Contents
– ‘Raising pace’ of cooperation –– Arab outreach –

Agreements worth about $30 billion were to be signed, Saudi state media said, as China seeks to shore up its Covid-hit economy and as the Saudis, long-term US allies, push to diversify their economic and political alliances.

Xi and Crown Prince Mohammed bin Salman, the 37-year-old de facto ruler of the world’s biggest oil exporter, met at Yamamah Palace in Riyadh, flanked by high-ranking officials wearing face masks, footage aired on state television showed.

They oversaw the signing of energy agreements on hydrogen as well as a plan to “harmonise” Saudi Arabia’s ambitious economic reform agenda, Vision 2030, with China’s trillion-dollar Belt and Road Initiative, the official Saudi Press Agency said.

The signed deals also covered a petrochemicals project, housing development and the teaching of the Chinese language, SPA said, though it did not detail their substance or monetary value.

Earlier, state television showed Xi being greeted by Prince Mohammed before the two men stood side-by-side as a brass band played their countries’ national anthems.

They then chatted while walking into the palace, which is the king’s official residence and seat of the royal court.

Xi also met with Prince Mohammed’s father, 86-year-old King Salman, signing a comprehensive strategic partnership agreement first reached during Xi’s last visit in 2016, state media reported.

They “agreed to hold a heads of state meeting between the two countries in turn every two years”, Chinese state media said.

“I am very pleased to visit Saudi Arabia again after six years. I still remember the scenes from my last visit,” Xi said in remarks carried by Chinese state broadcaster CCTV.

“The Chinese side views the Saudi side as an important force in a multipolar world and attaches high importance to developing a comprehensive strategic partnership with Saudi Arabia.”

He said Beijing was ready to expand its crude oil trade with Riyadh and would “list Saudi Arabia as a destination country for outbound tourism organised by Chinese citizens”.

– ‘Raising pace’ of cooperation –

Upon his arrival on Wednesday, Xi said bilateral ties with Saudi Arabia had grown “by leaps and bounds” in recent years.

This “has not only enriched both countries’ peoples but promoted regional peace, security, prosperity and development,” Xi said, according to CCTV.

The crown prince sees China as a critical partner in his sweeping Vision 2030 agenda, seeking the involvement of Chinese firms in ambitious mega-projects meant to diversify the economy away from fossil fuels.

Saudi investment minister Khalid al-Falih said this week’s visit “will contribute to raising the pace of economic and investment cooperation between the two countries”, offering Chinese companies and investors “rewarding returns”, according to SPA.

Earlier on Thursday, Saudi state media announced 34 investment agreements in sectors including green hydrogen, information technology, transport and construction.

State broadcaster Al-Ekhbariya said another 20 agreements worth 110 billion riyals ($29.3 billion) were due to be signed.

– Arab outreach –

Arab leaders began Thursday to converge on the Saudi capital ahead of summit meetings with Xi, who will hold separate talks with the six-member Gulf Cooperation Council before leaving on Friday.

China, the top consumer of Saudi oil, has been strengthening ties with a region that has long relied on the United States for military protection but which has voiced concerns the American presence could be downgraded.

Egyptian President Abdel Fattah al-Sisi, Palestinian president Mahmud Abbas and Sudan’s de facto leader Abdel Fattah al-Burhan had all arrived by Thursday afternoon, according to the Saudi foreign ministry.

Qatari Emir Sheikh Tamim bin Hamad Al-Thani, Tunisian President Kais Saied, Iraqi Prime Minister Mohammed Shia al-Sudani, Moroccan Prime Minister Aziz Akhannouch and Lebanese caretaker Prime Minister Najib Mikati have also confirmed their attendance.

Beijing’s foreign ministry this week described Xi’s trip as the “largest-scale diplomatic activity between China and the Arab world” since the People’s Republic of China was founded.

It has not escaped the attention of the White House, which warned of “the influence that China is trying to grow around the world”, calling its objectives “not conducive to preserving the international rules based order”.

Washington has long been a close partner of Riyadh, but the relationship is currently roiled by disagreements on energy policy, US security guarantees and human rights.

Xi is making his third journey overseas since the Covid pandemic prompted China to shut its borders and embark on a series of lockdowns, putting the brakes on its giant economy.

His visit follows US President Joe Biden’s trip in July, when he greeted Prince Mohammed with a fist-bump at the start of a vain attempt to convince the Saudis to raise oil production.

rcb/jsa

Share This Article
Twitter Email Copy Link Print
Previous Article Norway acquits Putin ally’s son who flew drone Norway acquits Putin ally’s son who flew drone
Next Article YES WORLD Token is on a roll, Price rally by over 10% in 24 hours YES WORLD Token is on a roll, Price rally by over 10% in 24 hours

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
TwitterFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

This ‘Severance’ Reddit principle might have lastly answered the ‘Chilly Harbor’ thriller

Severance Season 2, episode 7 lastly gave us an perception into what's taking place to…

By Enspirers | Editorial Board

I Love My Boyfriend. But Why Does He Live With His Ex-Wife?

My boyfriend (of eight months) and I are deeply in love. He frequently talks of…

By Enspirers | Editorial Board

Mozambique’s Nyusi Re-elected as Leader of Ruling Party

(Bloomberg) -- Mozambique President Filipe Nyusi was elected on Sunday to a third five-year term…

By Enspirers | Editorial Board

Donald Trump Meets Sheriff’s Deputies Who Arrested Would-Be Murderer

Donald Trump is thanking the sheriff's deputies who performed a pivotal position within the seize…

By Enspirers | Editorial Board

You Might Also Like

Not lovin’ it: Australians enticed by premium rivals as McDonald’s data uncommon fall in gross sales
World

Not lovin’ it: Australians enticed by premium rivals as McDonald’s data uncommon fall in gross sales

By Enspirers | Editorial Board
Israel launches main offensive in Gaza after airstrikes that killed greater than 100
World

Israel launches main offensive in Gaza after airstrikes that killed greater than 100

By Enspirers | Editorial Board
Esther Rantzen urges MPs to again ‘strong, safe’ assisted dying invoice in vote
World

Esther Rantzen urges MPs to again ‘strong, safe’ assisted dying invoice in vote

By Enspirers | Editorial Board
Israel launches main offensive in Gaza after airstrikes that killed greater than 100
World

Trump says folks in Gaza are ravenous and US will handle state of affairs

By Enspirers | Editorial Board
America Age
Facebook Twitter Youtube

About US


America Age: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company
  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement
Contact Us
  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability
Terms of Use
  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© 2024 America Age. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?