Sino-Saudi Relations: Expect stronger ties under OBOR & Vision 2030 | BELT & ROAD
"ICT and renewables in Saudi Arabia present significant opportunities for Chinese investors."
Florence Eid-Oakden, Ph.D, Chief Economist
Charlene Rahall, Mingqiao Zhao, Jing Xuan Ong, Analysts
Part I of this two-part series analysed growth in Sino-Saudi trade, particularly in energy. Part II highlights the opportunities for scaling up, in light of China’s One Belt One Road (OBOR) initiative and Saudi Arabia’s Vision 2030.
- China could play a key role and be a major investor in Saudi Arabia’s non-oil sectors. This would complement its Vision 2030 and China’s “One Belt, One Road” (OBOR) initiative.
- China occupies 0.12% share in Saudi’s arms imports while Saudi occupies a 0.16% share in China’s arms exports. Defence security is a potential area of cooperation between the two countries.
- ICT and renewables in Saudi Arabia present significant opportunities for Chinese investors, given their role in Vision 2030 and China’s expertise in them.
The Regional Views series are thematic papers aimed at identifying and analysing factors behind medium to long-term economic trends shaping the region. Our analysis draws conclusions that help businesses and investors get ahead of the curve. As a firm staffed by Middle Easterners, we focus on insight rather than standard analysis.
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