Industrial Clusters is privileged to organize the Saudi-China Forum in partnership with Saudi Arabian General Investment Authority (SAGIA), Royal Commission for Yanbu (RCY) and (SABIC). The Saudi-China Forum will take place on the sidelines of Chinaplas 2018 Exhibition in Shanghai, China on Wednesday 25/04/2018. The Forum will present the Kingdom strong capabilities in elastomers industry by engaging with private sectors to manufacture Rubber in the country. Relevant parties will support and encourage private investors by showcasing the Kingdom unique investment opportunities in this sectors.
The Forum seeks to attract Chinese capital in the form of investments and manufacturing technologies by opening up new horizons for a new industry and creating diversified partnerships. In addition to that, the Forum will hold several Saudi-Chinese meetings with Chinese stakeholders to explain about Saudi Arabia investment systems and facilities provided by the Kingdom in cooperation with the relevant authorities. Moreover, the meetings will demonstrate the Kingdom’s competitive advantages; including its strategic location, availability of basic raw materials, competitive prices of energy, quality of infrastructure and logistics available to the manufacturing industry.
Hosted by Shanghai, the Chinese capital of economy and commercial hub, the Forum highlights the Kingdom's readiness to expand its economy and stimulate Chinese private investment in the Saudi market. The Saudi-China Forum will have a significant impact on the Kingdom sustainable economic development. Not only will it help transfer know-how and localize new technologies, but also will foster the development of promising industries and generate quality employment opportunities for young Saudi.
It should be noted that Shanghai is ranked 16th in the world Economy Index and is the most economically active city in the Far East of Asia. Shanghai economy grew rapidly and impressively over the past two decades, with 3,000 billion Chinese Yuan in 2017.