Recently, at the FIIPRIORITY Asia Summit held in Hong Kong,Saudi ArabiaPublicInvestmentsThe head of (pif) announced plans to open an office in Chinese mainland soon. AsSaudi ArabiaThe largestSovereign wealth**, pif is famous, and the chairman of the board isSaudi ArabiaCrown Prince Salman Jr., his strength should not be underestimated. The move has attracted global attention, especially in the Middle East and cooperation between the two countriesInvestmentsIn terms of relationships, a major change is about to be ushered in.
ForSaudi Arabiaover-relianceOilResources bring a lot of dilemmas. withNew energyThe rise of development and the breakthrough of shale oil technology in the United StatesOilThe status is gradually decliningSaudi ArabiaAlso facedEconomic restructuringpressure. In order to achieveEconomyDiversify and reduceOilProportion of income,Saudi ArabiaThe ".Saudi ArabiaVision 2030, which aims to improve non-OilProportion of income. That's what it takesSaudi ArabiaCooperate with other countries in the development of industryNew energyand tourism.
Saudi Arabia's transformation needs are in line with China's experience and resources. First of all,Saudi ArabiaIt is hoped that the development of industrial output value will be realizedOilDeep processing, reduction of pairsOildependence. China as a global oneOilA major importer with rich experience in oil refining and petrochemical technology, it can be:Saudi ArabiaProvide technical support and cooperation opportunities.
Secondly,Saudi ArabiaI want to developNew energyindustry, especiallySolarIndustry. China is the largest in the worldPhotovoltaic power generationcountry, with strong technical strength and market size, inSolarThe field isSaudi ArabiaOffers great potential for cooperation. Saudi ArabiaIt is planned that by 2030, 50% of the countryPower stationChanged toSolar100% electricity supply by 2050Solarand wind power.
In addition,Saudi ArabiaIt is also hoped to develop tourism and attract more tourists through infrastructure construction and cooperation in tourism projects. China has extensive experience in infrastructure construction, such as:High-speed rail, airports, etc. This will be:Saudi ArabiaThe development of the tourism industry provides guarantees and opportunities.
Middle EastGiantsThe continuous increase in China's weight will have a global impactEconomyThe pattern has a significant impact. Saudi ArabiaThe eastward shift not only means that it is getting rid of its dependence on the United States and seeking cooperation and development opportunities with emerging markets such as China, but also means that the power of the Middle East is gradually shifting to the east.
Saudi ArabiaofInvestmentsThe plan, as well as cooperation with China, will bring tremendous benefits to both countriesEconomyOpportunity. According to projections, the Middle East is sovereignThere are $1 trillion-2 trillion that will go to China, which will give a huge boost to ChinaEconomyDevelopment andIndustrial upgrading。At the same time, China is the second largest in the worldEconomybody, will be with the Middle EastGiantscooperation to get more benefits andInvestmentsOpportunity.
For the whole worldEconomyIn terms of pattern, the Middle EastGiantsThe strategic shift will trigger a series of impacts and changes. Shifting from the Western focus of the past to the East will make East Asia a global regionEconomyA new engine for development. The shift of power in the Middle East to the East will accelerate the rise of emerging markets and the redistribution of global power.
In this era of change, it's not just the Middle EastGiantsAll countries need to adaptEconomyDevelopment and GlobalEconomyChanges in the pattern make corresponding adjustments. Middle EastGiantsSuch as:Saudi ArabiaThe eastward shift of their strategy shows their importance and confidence in the Chinese market, and at the same time for the worldEconomyInject new energy and opportunities. This trend will be rightworld economyThe landscape has brought about earth-shaking changes, which requires countries to actively respond and seize opportunities.