Saudi Arabia aims to strengthen its collaboration with China in the green industry, Saudi Finance Minister Mohammed Al-Jadaan said Thursday.
“China is leading the world in green industry and renewable energy, with advanced technologies in cars, batteries, and robotics that many countries seek to emulate,” Al-Jadaan shared in an exclusive interview with Xinhua during the 8th Future Investment Initiative conference, which began Tuesday. He expressed Saudi Arabia’s desire for deeper cooperation with China, describing the relationship as “strategic” and “very important.” China is Saudi Arabia’s largest trading partner, but, according to Al-Jadaan, the partnership extends beyond trade to encompass technology, economic initiatives, and cultural exchanges.
Al-Jadaan also pointed to similarities between China’s high-quality development strategy and Saudi Arabia’s Vision 2030, highlighting that both are long-term plans heavily supported by their respective governments. “China’s commitment, execution capacity, and vision make it the envy of the world,” he added.
Responding to recent Western reports that China’s growth may have peaked, Al-Jadaan dismissed these claims. “China has been a bright spot in the global economy, growing at 4.8 percent—still one of the fastest rates worldwide despite challenges,” he said.
Looking to the future, he noted that Saudi Arabia and China, alongside international bodies like the IMF and the World Bank and within frameworks such as the G20, could play a critical role in addressing issues facing the Global South, particularly in low-income and emerging economies. “We have a shared commitment to ensuring not only the well-being of our people and economies but also global stability and growth,” Al-Jadaan concluded.