Baidu Cloud Absent in Saudi Arabia? Tencent, Huawei, Alibaba, and Others Gather in the Middle East
The absence of Baidu Cloud, compared to Huawei Cloud and Alibaba Cloud, which have already entered the Saudi market, is particularly noteworthy.
The absence of Baidu Cloud, compared to Huawei Cloud and Alibaba Cloud, which have already entered the Saudi market, is particularly noteworthy.
Chinese investors are increasingly turning their gaze towards the Saudi Arabian stock market.
Partnering with international leaders like CHINT, the Saudi Electricity Company (SEC) is committed to achieving net zero emissions by 2050, exemplifying a profound shift towards clean and sustainable energy practices.
For Chinese companies seeking international collaborations, becoming a supplier to Saudi Aramco signifies not only gaining vast and stable market space but also a crucial affirmation of their strength and position in the energy industry.
Operated by Chinese firms, these industrial parks provide a familiar and friendly business environment for Chinese companies.
Mena’s focus extends beyond metallurgical manufacturing, involving renowned companies such as Baosteel and Sunstone, to embracing leaders in the photovoltaic sector like Xinjiang Goldwind Science & Technology (亿航) and TCL Huizhou Haotong New Energy Co., Ltd. (TCL中环).
In recent years, Saudi Arabia’s cloud computing market has witnessed unprecedented growth, with a continuously expanding market size and promising development prospects.
Solargiga Energy has recently signed an agreement with the globally renowned EPC company, Larsen & Toubro (L&T), to provide inverter solutions for Saudi Arabia’s NEOM New Future City 2.2 GWac single-unit photovoltaic project.
On September 3, 2023, the Shanghai Stock Exchange (SSE) and the Saudi Exchange Group (SEG) inked a Memorandum of Cooperation in the Saudi capital, Riyadh, laying the groundwork for collaboration and development between the two exchanges.