China seeks closer ties with Saudi Arabia on ‘Belt and Road Initiative’

Chinese Ambassador Li Huaxin
Updated 11 May 2017
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China seeks closer ties with Saudi Arabia on ‘Belt and Road Initiative’

RIYADH: Saudi Arabia and China could work together and link Saudi Vision 2030 and China’s “One Belt One Road Initiative” for the benefit of both countries, said Ambassador Li Huaxin following a press conference recently at the Chinese Embassy in Riyadh.
“If we connect them together, it will create very good opportunities for both sides and not just the two sides, even other sides will benefit from this connection,” he said.
“I can tell you that different government bodies and ministries met to discuss it; they already have some specific projects in this field and hope this will come true very soon.”
Saudi Vision 2030 aims to diversify revenue sources and develop a knowledge-based economy while the “One Belt One Road Initiative” aims to create the largest economic corridor in the world.
“We think Vision 2030 is a sustainable development strategy by the Kingdom and offers a good chance for Chinese companies to participate to work together to benefit both sides,” Li said.
At the press conference, the ambassador said the “Belt and Road Forum” for international cooperation will be held next week on May 14 and 15 in Beijing.
The forum aims to build a more open and effective international platform for cooperation and partnership. The envoy said that China has invited leaders of nearly 20 countries to attend the forum to discuss how to take this initiative forward in the future.
He said the Kingdom has also been invited, but since King Salman visited China in March, Khalid Al-Falih, minister of energy, industry and mineral resources is going to attend the forum instead with a delegation including senior officials and businessmen.
He said Al-Falih will be speaking at a session, adding: “I think it is a good opportunity to share his ideas at this important forum, especially how to build this initiative in the future.”
President Xi Jinping will attend the opening ceremony of the forum, he added.
The forum has been designed to identify cooperation directions, push forward the implementation of projects and improve supporting systems.
The Belt and Road comprises the land-based Silk Road economic belt and the 21st-century maritime Silk Road, which were put forward for the first time by President Xi in September and October 2013 in his subsequent state visits to Kazakhstan and Indonesia.


Saudi ambassador to UK visits BAE Systems HQ

Prince Khalid bin Bandar bin Sultan, Saudi Arabia’s ambassador to the UK, toured BAE Systems’ academy and aircraft factories. (SPA)
Updated 42 min 16 sec ago

Saudi ambassador to UK visits BAE Systems HQ

  • BAE Systems is one of the world’s largest aerospace, science and technology companies

JEDDAH: Saudi Arabia’s Ambassador to the UK Prince Khalid bin Bandar bin Sultan visited the headquarters of BAE Systems in the north of England on Thursday.
Prince Khalid was received by the company’s chairman, Sir Roger Martyn Carr, its CEO in Britain, Charles Woodburn, and Andy Carr, the managing director and CEO of BAE Systems in the Kingdom.
The ambassador toured the company’s academy, where he met with Saudi trainees and employees of BAE Systems in the UK.
He praised their roles in the technology transfer and settlement programs, which are part of the company’s support for Saudi Vision 2030.
Prince Khalid said the company offers “a comprehensive system to transfer technology and knowledge to Saudi Arabia,” and to qualify Saudi youth to work with that technology and knowledge locally.
These efforts have resulted in the successful assembly of the first training jet aircraft in Saudi Arabia, which was launched earlier this year by Crown Prince Mohammed bin Salman, deputy prime minister and minister of defense.
Prince Khalid also visited BAE’s Typhoon and Hawk aircraft factories, as well as its “Factory of the Future,” which develops cutting-edge defense system technology.
Prince Khalid was briefed on the company’s plans and strategies in Saudi Arabia, where BAE has a long-standing partnership of more than 50 years with the Saudi Armed Forces.
BAE Systems is one of the world’s largest aerospace, science and technology companies.

BACKGROUND

• BAE Systems is one of the world’s largest aerospace, science and technology companies in the UK.

• It has made numerous contributions to the local manufacturing movement in the Kingdom, transferring many industrial engineering tasks to Saudi companies.

It has made numerous contributions to the local manufacturing movement in the Kingdom, transferring many industrial engineering tasks to Saudi companies.
BAE is also keen to encourage activities of interest to the community, including supporting social responsibility programs as part of its business system and not as charity works carried out by courtesy.
One example is the company’s partnership with a number of Saudi universities, with the aim of enabling students to meet the changing requirements of the labor market within the framework of Saudi Vision 2030.
Prince Khalid was accompanied by Saudi Military Attaché Air Commander Riyadh Abu Abaya; BAE’s director of engineering Ian Muldowney; the vice president for strategic planning for military and government affairs, Abdulaziz Al-Faraj; and director of human resources at BAE Systems in Saudi Arabia, Maaber Al-Awaji.