Saudi industry figures send cooperation signals to Chinese companies in Zhongguancun

Xinhua News Agency, Beijing, March 29 (Reporter Su Jingxin) Samir S. Shesiri, Vice President of Industrial Cluster Empowerment at the former Saudi National Center for Industrial Development and the current Chief Executive Officer of the Industrial Base Company, said at the 2026 Zhongguancun Forum Annual Conference on March 29 that China’s Belt and Road Initiative and Saudi Arabia’s “Vision 2030” are not only parallel strategies, but also perfectly aligned.

That day, Shesiri attended the “China–BRICS Countries Technology Transfer Going-Out Cooperation Docking Special Session.” In his remarks, he first thanked the Chinese side for its efforts to promote bilateral technology transfer and overseas cooperation. He noted that Saudi Arabia is currently in a stage of economic structural transformation, with the non-oil economy continuing to develop. For Chinese enterprises, this stage is not only an investment opportunity, but also a chance to participate in building industrial system capacity.

Regarding investment opportunities for Chinese enterprises in Saudi Arabia, Shesiri focused on three major strategic areas.

In the fields of advanced manufacturing and new-energy vehicles, he said that Saudi Arabia is building a global mobility industry ecosystem, and China’s strengths in the electric vehicle supply chain fully match Saudi Arabia’s needs for localized production and the development of an industrial ecosystem.

In the fields of the digital economy and artificial intelligence, he pointed out that Saudi Arabia is moving from pilot projects to actual AI applications and is making large investments in smart cities and cloud infrastructure. “And cities in China, such as Beijing and Hangzhou, are world leaders in these areas, and the room for cooperation is huge.”

In the fields of healthcare, biotechnology, and genomics, Shesiri explained that Saudi Arabia’s genomics plan is drawing up a national genomics blueprint to enable personalized diagnosis and treatment. He added that China’s world-class expertise in gene sequencing, gene therapy, and biomanufacturing provides broad room for cooperation between the two sides in research collaboration, diagnostic technologies, and the localization of gene therapy.

Shesiri said that what Saudi Arabia is building is not just a cooperative relationship, but a complete industrial ecosystem. At the end of his remarks, he said in Chinese: “Let’s join hands to create the future together.” (End)

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