Future opportunities between Saudi Arabia and China are very big: crown prince

China’s President Xi Jinping receives Saudi Crown Prince Mohammed bin Salman at the Great Hall of the People in Beijing. (SPA)
Updated 23 February 2019
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Future opportunities between Saudi Arabia and China are very big: crown prince

  • Saudi Arabia and China signed economic cooperation agreements worth a total of $28 billion at a joint investment forum
  • The crown prince presided over a China-Saudi cooperation forum that concluded with 12 agreements on cooperation

RIYADH: Future opportunities between Saudi Arabia and China are very big, Saudi Crown Prince Mohammed bin Salman said Friday during his visit to China.

Citing a 32 percent increase in bilateral trade last year, the crown prince added that high-level contacts were paying off in areas from commerce to security and defense.
"Saudi Arabia's relations with China can be traced back a very long time in the past," Crown Prince Mohammed bin Salman told President Xi Jinping at their meeting in the Great Hall of the People in the heart of the Chinese capital.

Meanwhile, the Chinese president stressed his country's keenness on joint efforts with Saudi Arabia to support strategic relations between the two countries. He added that there has been coordination with Saudi Arabia on international and regional issues in recent years. 

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The crown prince earlier Friday presided over a China-Saudi cooperation forum that concluded with 12 agreements on cooperation in fields ranging from petroleum and the chemical industry to investment, renewable energy and counter-terrorism. Saudi Arabia is one of China's top crude oil suppliers and an important market for its exports.

Saudi Arabia and China also signed economic cooperation agreements worth a total of $28 billion at a joint investment forum. 35 agreements had been signed at the forum, held by Saudi Arabia’s investment agency SAGIA. Four licenses for Chinese companies were awarded at the forum.
Crown Prince Mohammed bin Salman also pledged Saudi Arabia's backing for China's gargantuan "belt and road" infrastructure project, saying he was willing to link it with the kingdom's Vision 2030 plans— a blueprint put forth by the crown prince to wean the kingdom off its reliance on oil, particularly as sustainable sources of energy become cheaper and more popular.
The Crown Prince's visit follows trips to India and Pakistan, which send millions of laborers to Saudi Arabia and are seeking closer economic ties. 

 

 


Saudi Arabia’s top diplomat: ‘Our security and religion are a red line’

Updated 19 May 2019
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Saudi Arabia’s top diplomat: ‘Our security and religion are a red line’

  • Al-Jubeir's statement comes following last week's attacks on Saudi oil tankers in the Arabian Gul and installations within the Kingdom
  • He accused Iran of committing "countless crimes" including seeking to destabilize the region

RIYADH: Saudi Arabia is doing its best to avoid war in the region but stands ready to respond with "all strength and determination" to defend itself from any threat, the Kingdom's top diplomat said on Sunday.

In a news conference, Minister of State for Foreign Affairs Adel Al-Jubeir accused Iran of committing "countless crimes" including seeking to destabilize the region. He urged the international community to take responsibility to stop the Islamic republic from doing so.

"Our security and religion are a red line," Al-Jubeir said. His statement comes following last week's attacks on Saudi oil tankers in the Arabian Gulf and installations within the Kingdom.

Iran’s foreign minister was quoted by the state-run IRNA news agency on Saturday as saying his country is “not seeking war” even as the chief of Iran’s Revolutionary Guard said Tehran was in a “full-fledged intelligence war with the US.“

The US has ordered bombers and an aircraft carrier to the Arabian Gulf over an unexplained threat they perceive from Iran, raising tensions a year after Trump pulled America out of Tehran’s nuclear deal with world powers.

Al-Jubeir said Iranian regime can spare the region the dangers of war by adhering to international laws and covenants, by stopping its interference in the internal affairs of other countries of the region, by stopping its support for terrorist groups and militias, and immediately halting its missile and nuclear weapons programs.

"Saudi Arabia stresses that its hand is always extended to peace and seeks to achieve it, and believes that the peoples of the region, including the Iranian people, have the right to live in security and stability and to move towards development," he said.

"We want peace and stability and we want to focus on the Kingdom's Vision 2030 which will enrich Saudi people’s lives," he added.

Saudi Arabia and its Gulf allies Bahrain, Kuwait and the United Arab Emirates have repeatedly accused Iran of bankrolling the activities of its proxy Shiite militias such as the Hezbollah in Lebanon, the Houthis in Yemen and various groups in Iraq.

Houthi militias had repeatedly launched ballistic missiles and rockets into civilian targets in Saudi Arabia since a Saudi-led Arab Coalition threw its support behind the government of Yemeni President Abed Rabbo Mansour Hadi against the Iran-backed power-grabbers. Last week, they owned responsibility for the drone attacks on two oil pumping stations in Saudi Arabia.

Al-Jubeir also urged Qatar, an estranged member of the GCC to stop supporting extremists and terrorists and return to the fold. Saudi Arabia, Bahrain, the UAE and Egypt severed trade and diplomatic ties with Qatar in 2017, charging Doha of siding with terror groups that have been destabilizing the region. 

Instead of making amends with its GCC brothers, Qatar sought help from Turkey and Iran in bid to alleviate the impact of the boycott action of the group known as the anti-terror quarter (ATQ).