On May 19, 2024, the Saudi Arabian delegation, led by Finance Minister Mohammed Aljadaan, is set to engage in pivotal discussions during the Saudi-Chinese meetings scheduled for May 20-21 in Beijing. This delegation, comprising key financial and economic leaders, aims to further solidify the collaborative ties between the two nations.
The entourage includes Abdulmuhsen Alkhalaf, the Vice Minister of Finance, alongside notable figures from various Saudi institutions such as the Ministry of Finance, National Center For Privatization (NCP), Saudi Central Bank (SAMA), Capital Market Authority (CMA), Zakat, Tax and Customs Authority (ZATCA), National Development Fund (NDF), Saudi Fund for Development (SFD), and the National Infrastructure Fund.
At the heart of these meetings, Minister Aljadaan, alongside his Chinese counterpart, Finance Minister Lan Fo’an, will preside over the third session of the Financial Sub-Committee under the High-level Chinese-Saudi Joint Committee. Furthermore, Aljadaan is set to contribute to a roundtable event orchestrated by the Saudi National Center for Privatization in alliance with the Industrial and Commercial Bank of China.
Parallel to these events, Vice Minister Alkhalaf is expected to co-chair a separate roundtable alongside the Chinese Vice Minister of Finance, Liao Min. This event is organized by both the Chinese Ministry of Finance and key financial entities, China Development Bank (CDB) and China Investment Corporation (CIC).
In addition to presiding over these roundtables, Minister Aljadaan’s agenda includes meetings with various Chinese officials and investors. These interactions will focus on discussing contemporary economic and financial trends, mutual interests, and the exploration of investment prospects within Saudi Arabia, particularly in the context of the transformative Saudi Vision 2030.
These strategic discussions are a continuation of the ongoing efforts to foster stronger bilateral cooperation and enhance relations between the Kingdom of Saudi Arabia and the People’s Republic of China, with the broader aim of contributing to global economic prosperity.