{
  "id": 5786879,
  "title": "Saudi Arabia to deepen investment ties with China, build global value chains",
  "url": "https://urgent.news/2026/09/05/saudi-arabia-to-deepen-investment-ties-with-china-build-global-value",
  "topic": "world",
  "section": "World",
  "published": "2026-09-05T14:27:09.000Z",
  "source": {
    "name": "Ajel English",
    "slug": "ajel-english",
    "url": "https://english.ajel.sa/saudi-arabia/ac7uaae3a"
  },
  "original_language": "en",
  "account": "Saudi Arabia plans to bolster its economic ties with China by enhancing mutual investments and constructing global value chains. Dr. Saad Al-Shahrani, Deputy Minister for Economic Affairs and Investment Studies, revealed that the Kingdom intends to increase bilateral investments, strengthen industrial collaborations, and establish value chains catering to local, regional, and international markets. During the Saudi-Chinese Strategic Investment Dialogue held at the Select Financial Markets Forum in Shanghai, Al-Shahrani announced that the forthcoming stages will emphasize investment, construction, innovation, and collective expansion. He extended an invitation to Chinese firms to seize investment prospects in the Kingdom and engage in constructing industries for the future. Al-Shahrani reviewed the recent developments in the Saudi economy since the inception of Vision 2030, highlighting that the economy has doubled in size within a decade, domestic investments have also doubled, and the private sector's contribution to total domestic investments has significantly risen. He stated that the stock of foreign direct investment has doubled, inflows have nearly quintupled, and the number of foreign companies operating in Saudi Arabia has increased more than tenfold. This surge in foreign investment has led to women's participation in the labor market doubling and the unemployment rate among Saudi citizens dropping by 50%. Al-Shahrani emphasized that non-oil domestic investments constitute approximately 40% of non-oil GDP, positioning the Kingdom second among G20 nations after China. He noted that the National Investment Strategy has consistently surpassed its targets for both domestic and foreign investments annually since its launch. The Deputy Minister further highlighted that the Kingdom has ascended to the world's top ten countries in the Foreign Direct Investment Confidence Index, attributing this to investor confidence not only manifested through new capital inflows but also business expansion, reinvestment, and long-term commitment. He underscored that Saudi Arabia does not merely wait for investment chances but actively generates them, explaining that Vision 2030 has not only improved the investment environment but also generated new sectors and opportunities in tourism, mining, manufacturing, logistics, technology, the digital economy, and other emerging industries. Al-Shahrani stressed that investments have transitioned from being a byproduct of growth to becoming a primary catalyst, with the next phase focusing on attracting higher-quality, more productive investments and transitioning from measuring investment by volume to assessing its economic impact. He explained that impact measurement encompasses the contribution of investments to GDP, enhanced productivity, technology and knowledge transfer, creation of quality jobs, opening new markets, and boosting exports. Al-Shahrani concluded by reiterating the Kingdom's invitation to Chinese companies not only to invest but also to assist in constructing industries of the future in Saudi Arabia, the region, and across the globe.",
  "summary": "Saudi Arabia aims to strengthen investment and industrial partnerships with China, focusing on building global value chains and expanding mutual investments.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Daily Times",
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        "url": "https://urgent.news/2026/09/05/us-approves-major-bombs-sale-to-saudi-arabia",
        "published": "2026-09-05T07:19:08.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "Rain forecast to continue in parts of Saudi Arabia through Wednesday",
        "url": "https://urgent.news/2026/09/05/rain-forecast-to-continue-in-parts-of-saudi-arabia-through-wednesday",
        "published": "2026-09-05T07:20:10.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}