Saudi Arabia and China sign deals to cement ties, cooperation

January 21, 2016 2:08 pm

Saudi Arabia and China have signed 14 agreements and memoranda of understanding designed to enhance cooperation between the two countries.

The signing ceremony followed talks between the Custodian of the Two Holy Mosques, King Salman Bin Abdulaziz, and China’s President Xi Jinping, according to a report by the Saudi Press Agency (SPA).

A memorandum of understanding was signed on enhancing cooperation in the Silk Road Economic Belt and an initiative of the maritime Silk Road for the 21st century, SPA said.

The two sides sealed another agreement to forge cooperation in the field of science and technology, a third for cooperation in the field of satellite navigation and a fourth on enhancing development of information Silk Road for informational connection between the Saudi Arabia and China, the agency noted.

Also, a loan agreement was signed in favour of the environmental development project for the regions inhabited by Hui nationalism in Shaanxi province.

The two sides inked a MoU to set up a high energy nuclear reactor which will use gas for cooling.

Saudi Aramco, a giant oil company, and China’s Sinopec signed a framework agreement for strategic cooperation, SPA added.


AMEinfo Staff
By AMEinfo Staff
AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.