Saudi Arabia: Signed 60 contracts with China

The investment conference was attended by top regional heads, including representatives from Saudi Arabian Oil Co., also known as Aramco, Saudi Basic Industries Corp., and ACWA Power.

Saudi Arabia: Signed 60 contracts with China

・Large business negotiations with a total value of over $25 billion

・Granted RHQ license to 9 companies in China

We will provide you with a summary of articles published by JETRO.

  VSPO on X: "On December 12, Saudi Investment Minister Khalid Al-Falih led a delegation to China and held a China-Saudi Arabia Investment Conference in Beijing. Dino Ying, Chairman of VSPO, was invited

China-Saudi Arabia Investment Conference: $25 billion

On December 12th, the China-Saudi Arabia Investment Conference was held in Beijing.

In various fields such as energy, tourism, finance, and infrastructure,

Signed more than 60 memorandums and agreements totaling more than $25 billion.

Approximately 1,200 people, including government and business officials from both countries, attended.

Major companies such as Saudi Aramco, SABIC, and ACWA Power are participating.

 世界最大のeスポーツ運営「VSPO」、サウジアラビア政府系ファンドから約360億円調達 | 36Kr Japan | 最大級の中国 テック・スタートアップ専門メディア

Main memorandum/contract:

According to media outlets, the following memorandums and contracts were signed:

1. Saudi: Esports Federation: $8.5 billion

China e-sports event (VSPO) participates and cooperates in e-sports.
Signed a contract valued at $8.5 billion.

 
2. Saudi: Ajlan & Brothers: $7.5 billion

China’s Donghua Energy (Oriental Energy) cooperates in the manufacturing field.
Signed a $7.5 billion contract.
 
3. Saudi: GroHome: $350 million

China Civil Engineering Group builds a prefabricated factory in Saudi Arabia.
Signed a $350 million contract.
  The world's 350km/h high-speed cargo sports car set off the assembly line--Seetao

4. Saudi Ministry of Investment: $2 billion

China China Car Corporation (CRRC) collaborates on renewable energy and transportation projects in Saudi Arabia.
Signed a $2 billion contract.

 サウジアラビアの再エネ導入計画

5. Saudi: ACWA Power

Many Chinese companies have signed numerous project contracts for solar energy, green hydrogen and seawater projects.

6. Saudi United Motors Group

Signed a joint development agreement for connected car services with China’s Banma Information Technology.

252点のShenzhen Stock Exchange Buildingのストックフォト - Getty Images

7. saudi stock exchange

Co-listed with China’s Shenzhen Stock Exchange. Signed a contract for various service cooperation.

Saudi Arabia's Regional Headquarters (RHQ) Programme breakfast briefing | Fragomen, Del Rey, Bernsen & Loewy LLP

8. Saudi Arabia Regional Headquarters (RHQ)

Regional Headquarters (RHQ) licenses were granted to the following nine companies in China.

Huawei,

Dahua,

China Steel Construction Corporation (CRCC),

China Communication Service,

China Port Engineering (CHEC),

China Civil Engineering Group,

Hua University Foundation (BGI),

Nuctech,

iMile

https://www.jetro.go.jp/biznews/2023/12/767981ba07e23cad.html

Spanish Business Council | The Spanish Business Council is a non-profit organization whose aim is to establish a corporate platform to strengthen business and cultural ties between Spain and The United Arab

Saudi Arabia: Regional Headquarters (RHQ) recruitment measures

We have started accepting license applications for regional headquarters (RHQ).

Saudi Ministry of Investment:

The Ministry of Investment Service Manual, which has been published since the first quarter of 2022, has been updated.

We have started accepting license applications for regional headquarters (RHQ).

MMJS Consulting KSA (@MMJSconsulting) / X

There are three types of required documents:

1. Copy of commercial registration or commercial license certified by the respective Saudi embassy

2. Copies of commercial registrations or licenses from at least two countries (certified)

3. Most recently audited annual consolidated financial report (certified)

https://www.jetro.go.jp/biz/areareports/2022/9464454c169f1880.html