China's active participation and mediation capabilities in Middle East affairs have attracted the attention and recognition of Saudi Arabia. By convening the China-Arab States Summit, mediating reconciliation between Saudi Arabia and Iran, and efforts to resolve the Palestinian-Israeli issue, China has demonstrated its sincerity in maintaining peace and stability in the Middle East. In contrast, the United States has been slow to take concrete action on the Middle East plan. In the face of China's sincerity and the huge potential of the market, Saudi Arabia decided to bring a number of enterprises and huge funds to China to start a journey of cooperation.
The Saudi Ministry of Investment announced the convening and participation of the China-Saudi Arabia Investment Conference to strengthen economic and trade relations with China. The two-day meeting saw Saudi Arabia's investment minister, Khaled Al-Falih, personally witness the US$25 billion cooperation between China and Saudi Arabia, and signed more than 60 memorandums of understanding and agreements. These areas of cooperation include energy, agriculture, tourism, mining, infrastructure, logistics, healthcare and financial services. Saudi Arabia also said that it will promote its "Vision 2030" and China's "One Belt, One Road" initiative, and will approve at least nine Chinese companies in Saudi Arabia to set up headquarters in the Middle East in the future to support the economic development of the Middle East.
A relationship of trust between partners is essential for deep cooperation and investment. China has demonstrated its ability to combine knowledge and action through practical actions.
First, the practical actions that do what we say have won the trust of Saudi Arabia. Over the past year, China's active participation and good offices in Middle East affairs have demonstrated China's sincerity and actions, and have laid the foundation for further cooperation.
In addition, the complementary needs of both parties are also an important factor in promoting cooperation. China has a strong strength in infrastructure capacity and an integrated industrial system, and it is also driving the Belt and Road Initiative. This coincides with Saudi Arabia's "Vision 2030" to seek industrial transformation and strengthen infrastructure construction. Therefore, the two countries have common interests in large-scale investment cooperation.
China's successful mediation has gradually stabilized the core region of the Persian Gulf and created favorable conditions for regional cooperation. Although there are still challenges in the peripheral regions such as Palestine and Yemen, the stability of the core region of the Persian Gulf will promote economic exchanges and cooperation in the region. At the same time, China's Belt and Road Initiative and Saudi Arabia's Vision 2030 have entered a stage of accelerated development, providing more opportunities and impetus for bilateral cooperation. As geopolitics stabilizes, China's cooperation with Saudi Arabia, Iran, and other Gulf and Shiite countries is bound to deepen.
China's active participation and mediation capabilities in the Middle East have attracted the attention and recognition of Saudi Arabia, which in turn has led to cooperation between the two countries. China has demonstrated its sincerity and ability to act through concrete actions, and has won the trust of Saudi Arabia. In addition, China's strong infrastructure capacity and integrated industrial system are in line with Saudi Arabia's industrial transformation and infrastructure construction needs, providing a solid foundation for cooperation between the two countries. The stable geopolitical environment has further promoted the development of China-Saudi Arabia cooperation. With the success of China's mediation and regional stability, economic exchanges and cooperation in the Middle East will be further strengthened. This series of factors has made the cooperation between China and Saudi Arabia deeper and more extensive, bringing more opportunities and challenges to the two countries. As an editor, I will continue to follow the dynamics of the Middle East and provide readers with more rich and comprehensive coverage.