RIYADH: Digital technology, advanced manufacturing, and logistics are among the Saudi sectors set to benefit from an $80 million investment partnership between ewpartners and Chinese industrial hub Tianjin Binhai New Area.
Formalized in the presence of the Kingdom’s Public Investment Fund and its fund-of-funds platform Jada at the Future Investment Initiative conference in Riyadh, the move aims to introduce mature Chinese industrial projects and technologies into Saudi Arabia and the wider Gulf region.
This partnership directly supports Saudi Vision 2030 by leveraging Tianjin Binhai’s capabilities in alternative energy, smart manufacturing, and port logistics, combined with ewpartners’ network and investment expertise in the Middle East, according to a press release.
Jada CEO Bandr Mohammed Al-Homaly said: “Jada is committed to building a vibrant private capital ecosystem in Saudi Arabia, for example through bridging global expertise with local opportunities.”
He added: “The momentum we see from the partnership between ewpartners and Tianjin Binghai New Area, across logistics and technology for instance, reflects our shared dedication to Vision 2030 and to building a thriving private capital ecosystem in the Kingdom.”
The goal is to accelerate industrial upgrading, enhance local supply chains, and strengthen the Kingdom’s manufacturing competitiveness.
Wu Di, vice chairman of the Administrative Commission of Tianjin Binhai Hi-tech Industrial Development Area, said: “We look forward to leveraging Tianjin’s strengths in smart manufacturing, technology, and port logistics to deepen cooperation with Saudi Arabia and the Middle East, and to build a long-term, open, and mutually beneficial international partnership.”
Jerry Li, co-founder and managing partner of ewpartners, said the partnership is not just about connecting capital— but bringing together industries and innovation capabilities.
He added:: “Through this fund, we aim to bring China’s proven expertise in manufacturing and technological innovation to the Middle East, driving high-quality regional development.”
The fund marks a strategic step in strengthening industrial and investment ties between Asia and the Middle East, positioning Saudi Arabia as an emerging global hub for cross-border industrial cooperation.
