Saudi Arabia signed an investment agreement with China $ 50 billion

The authorities of Saudi Arabia and China, at the Summit in Riyadh, entered into an investment agreement for $ 50 billion. This was reported by Bloomberg with reference to the Minister of Investments of Saudi Arabia Khalid al-Falikh.

The details of the agreements are not disclosed. However, as Al-Falikh noted, investments will be affected by both private and public sectors. He did not specify whether this figure also reflects agreements with the participation of other Arab countries whose leaders were present at the summit.

December 8, Chinese President Xi Jinping for the first time in six years arrived on a three -day visit to Saudi Arabia. Saudi Arabia ranked 12th in the list of countries in terms of investment in the Chinese economy.