Saudi Arabia, China sign over 40 deals during Xi's visit
The deals encompassed tech, energy and climate sectors as Chinese President Xi Jinping held meetings with numerous Arab and Gulf leaders on Friday.
Saudi Arabia and China signed more than 40 agreements by the end of Xi Jinping's landmark three-day visit to the kingdom Friday.
On Friday, Saudi Aramco and China’s Shandong Energy Group signed a memorandum of understanding to explore opportunities to collaborate on oil refining and petrochemical opportunities in the People’s Republic. The agreement also specified they would seek ways to work together on renewable energy, hydrogen energy and carbon capture, Aramco said in a press release.
The two countries also signed a strategic partnership on the digital economy. The deal relates to artificial intelligence, quantum computing, robots and more, the official Saudi Press Agency reported Friday.
Why it matters: Chinese President Xi Jinping arrived in Saudi Arabia on Wednesday for a series of summits with Saudi, Arab and Gulf leaders. Representatives from both countries have signed numerous agreements since he arrived. The following is a summary of some of those deals:
