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China-Saudi Investment Conference begins in Beijing

China is Saudi Arabia’s largest trading partner and biggest customer of its primary commodity: crude oil.

Saudi Arabia's Minister of Investment Khalid Al-Falih speaks on stage during the 2022 Concordia Annual Summit at the Sheraton Hotel, New York, Sept. 19, 2022.
Saudi Arabia's Minister of Investment Khalid Al-Falih speaks on stage during the 2022 Concordia Annual Summit at the Sheraton Hotel, New York, Sept. 19, 2022. — Riccardo Savi/Getty Images for Concordia Summit

The China-Saudi Investment Conference began on Tuesday in Beijing while the kingdom’s minister of investment, Khalid Al-Falih, visited.

Senior officials, CEOs, investors and other business leaders from the two countries descended on the conference, which is expected to attract more than 700 delegates.

In a speech at the summit, Falih urged Chinese investors to “seize” business opportunities in the desert kingdom. 

Themes including agriculture, clean energy, financing, investment, mining, tourism, entertainment, food security, logistics, shipping and supply chains are on the agenda of the conference.

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