Conares, the second-largest private steel manufacturer in the United Arab Emirates, announced a strategic partnership with Xiamen C&D Co., Ltd, a Fortune Global 500 company specializing in supply chain operations and real estate development.
Recently, leading Chinese photovoltaic mounting company, Arctech, announced that it has signed a cooperation agreement with China Energy International Engineering to provide a 1.5 GW SkySmart II tracking system for the ASB project in Saudi Arabia.
In recent years, the relationship between China and Saudi Arabia has seen significant growth, with closer economic and trade ties.
In April 2023, the subsidiary of Power Construction Corporation of China (Power China), Shandong Electric Power Construction Corporation (SEPCO), officially signed an EPC (Engineering, Procurement, and Construction) contract with France’s TotalEnergies for the Wadi ad-Dawasir 120MW photovoltaic power project in Saudi Arabia.
On July 31st, Rongsheng Petrochemical held its 6th board of directors’ 9th meeting, where they approved the proposal to change the company’s type.
Saudi Arabian Airlines (Saudia) marked a historic milestone as the inaugural non-stop flight from Jeddah’s King Abdulaziz International Airport to Beijing Daxing International Airport took off.
Leading autonomous driving firm, Hong Jing Drive, announced today that it has received a significant multimillion yuan follow-on investment from Prosperity7 Ventures, the diversified growth fund under Aramco Ventures. The investment transaction has been successfully completed.
In a significant move towards fostering international partnerships, AD Ports Group and China National Machinery Industry Corporation (Sinomach) have signed a Memorandum of Understanding (MoU) to establish a strategic cooperation relationship.
