Saudi Arabia Strengthens Strategic Industrial And Investment Partnerships With China, Japan

Saudi Arabia is accelerating its industrial and investment collaborations with China and Japan through high-level ministerial visits aimed at advancing strategic cooperation, technology transfer, and private-sector investment. These initiatives are central to the Kingdom's Vision 2030 goals of economic diversification and technological modernization.

In Beijing, Minister of Industry and Mineral Resources Bandar Alkhorayef engaged with leaders of ZGC Group, a government-backed innovation platform, to explore joint ventures in advanced manufacturing, renewable energy, smart mobility, and aerospace technologies. Discussions focused on long-term industrial growth and technological innovation aligned with Saudi Arabia's national objectives.

Key developments include ZGC establishing operations in Riyadh under the National Industrial Development and Logistics Program (NIDLP) and partnerships with leading Chinese industrial and mining companies, including BOE, Kyland, TBEA, Ganfeng Lithium, China Minmetals Corporation, and Gotion Hi-tech. The collaboration also includes knowledge exchange programs with the China Mining Association to enhance the Kingdom's mining sector.

Subsidiaries such as FlightWin (helicopters and drones) and UISEE (autonomous mobility solutions) support Saudi Vision 2030 priorities, including localizing defense procurement, digitizing logistics, and advancing smart city infrastructure. Energy storage projects further align with the target of generating 50% of electricity from renewables by 2030.

In Japan, Minister of Investment Khalid Al-Falih chaired the 8th Saudi–Japan Vision 2030 Committee alongside Japanese counterparts to strengthen bilateral commitments. The launch of the Ministry of Investment–Keidanren Strategic Investment Platform aims to attract private-sector initiatives and sector-specific investments in energy, water, transport, logistics, and manufacturing.

Saudi–Japan trade reached $138.2 billion in 2024, with Japanese investments totaling $23.1 billion, highlighting robust economic ties. Discussions at the Saudi–Japan Financial Roundtable addressed opportunities for financial cooperation and global sectoral challenges, emphasizing mutual growth and strategic collaboration.

These high-level engagements underscore Saudi Arabia's commitment to broadening global economic partnerships, attracting high-quality investments, and accelerating technology transfer, positioning the Kingdom as a competitive industrial and technological hub in line with Vision 2030.

Source:

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