Jointly Writing a Beautiful Chapter of Cooperation between Saudi Arabia and China "- Interview with Mohammed Qatari, President of Saudi Aramco's Downstream Business

2024-08-02

We are excited about the prospect of high-quality development of the Chinese economy. China has a strong industrial chain and supply chain system. China is accelerating the development of new quality productive forces, and future development will present characteristics such as high-tech innovation and sustainable development. "Recently, Mohammed Qatari, President of Saudi Aramco's downstream business, said in an interview with People's Daily that in recent decades, China's economic and social development has achieved amazing results. Mohammed Qatari, President of Saudi Aramco's Downstream Business. The achievements made by China in the fields of photovoltaics, lithium batteries, and new energy vehicles demonstrate the effectiveness of accelerating the development of new quality productivity. China's vast market, extensive industrial support system, abundant labor resources, and talent reserves all mean huge opportunities for foreign-funded enterprises. Energy cooperation has become the cornerstone of Saudi Aramco's cooperation with China, but Saudi Arabia's vision for future cooperation with China is far more than that. Saudi Aramco is a globally integrated energy and chemical enterprise and one of the world's largest oil companies. Mohammed Al Qatari stated that Saudi Arabia has proposed the "2030 Vision", which outlines a new blueprint for diversified economic development, aiming to leverage its unique strategic location to build Saudi Arabia into a hub connecting Asia, Europe, and Africa. Saudi Arabia will continue to leverage its resource advantages, such as abundant oil, gas, and mineral resources, as well as enormous potential for solar photovoltaics, to promote sustainable development. Mohammed Katani said that China's initiative to jointly build the "the Belt and Road" is highly consistent with Saudi Arabia's "Vision 2030". Saudi Arabia has actively participated in the joint construction of the "the Belt and Road", committed to promoting China's connectivity with Europe and Africa, and promoting trade exchanges. Welcome Chinese companies to invest and establish factories in Saudi Arabia. This also aligns with Saudi Arabia's desire to achieve industrialization and economic diversification as outlined in Vision 2030. In fact, many Chinese companies have invested in and participated in the construction of various energy, infrastructure, and supply chain projects in Saudi Arabia. As a model project of cooperation between Saudi Arabia and China, Saudi Aramco Sinopec Yanbu Refinery has become a world-class fully converted refinery. In addition, the port, urban infrastructure, and power generation projects in Gizan on the west coast of Saudi Arabia, as well as the world-class shipping yard and energy park in the eastern province of Saudi Arabia, have attracted excellent enterprises from China. As part of the "the Belt and Road" initiative, Baosteel has signed an agreement with Saudi Aramco and the Saudi public investment fund to build the world's first green low-carbon full process thick plate factory in Saudi Arabia. " Introduction by Mohammad Katani. All of these collaborations have achieved mutual benefit and win-win results, promoting the complementary advantages of all parties involved, and jointly writing a beautiful chapter of cooperation between China and Saudi Arabia Mohammed Katani said that under the framework of high-quality joint construction of the "the Belt and Road", Saudi Arabia China cooperation has been continuously upgraded and expanded to digital and sustainable development fields. Both parties will utilize digital, information, communication, and smart city related technologies, telecommunications infrastructure, and e-commerce platforms to promote interconnectivity and economic and social development. Saudi Aramco considers its foreign investment strategy comprehensively from various aspects such as energy demand, economic growth, population size, and living standards. Currently, the Asia Pacific region accounts for approximately 46% of the world's GDP, driving over 60% of global growth. As the world's second-largest economy, China plays a crucial role in the Asia Pacific region. China is one of our most important strategic partners, from downstream integrated manufacturing, to advanced emission reduction technologies, and even to cooperation in the digital field Mohammed Qatari said, "Asia, especially China, holds a special position in Saudi Aramco's global investment strategy." He emphasized that "Saudi Aramco hopes to become a key partner in China's economic development process." Looking ahead, there are broad prospects and numerous opportunities for investment cooperation between Saudi Arabia and China. Mohammed Katani said that the two sides will continue to make efforts to further promote the in-depth connection between the joint construction of the "the Belt and Road" initiative and the "2030 Vision" of Saudi Arabia, and contribute to common development and prosperity. (New Society)

Edit:Yi Jing    Responsible editor:Li Nian

Source:people.com.cn

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