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China-Saudi Arabia Rubber Manufacturing Industry Forum Held in Shanghai

Time:2018-05-23
 

On 25 of April, the China-Saudi Arabia Rubber Manufacturing Industry Forum, supported by the Department of Foreign Capital and Overseas Investment and the International Cooperation Center of the National Development and Reform Commission and jointly sponsored by the Saudi Arabia Industrial Cluster Development Program, the Saudi Arabia Investment Bureau, Yenbo Royal Committee and the Saudi Basic Industries Corporation, was successfully held in Shanghai.

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Director of the Academic Committee of ICC Cao Wenlian and Chairman of the Saudi Arabia Industrial Cluster Development Program Homood Al Tuwaijri delivered keynote speeches on behalf of the two sides. Vice Chairman Zhao Jungui of China Petroleum and Chemical Industry Federation, CEO of the Yenbo Royal Committee Alaa Nassif, Deputy Director General of the Saudi Arabia Investment Bureau Ibrahim AL Suwail and etc. gave detailed introductions on the business environment of Saudi Arabia, the rubber market, relevant preferential policies and key areas and projects of the China-Saudi investment cooperation. More than 100 representatives from relevant departments of both sides, companies, financial institutions and industrial associations participated in the meeting.

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Cao pointed out that the meeting aims to implement the MOU on Key China-Saudi Arabia Production Capacity and Investment Cooperation Projects signed by leaders of both sides in March of 2017. It was a practical measure to promote the China-Saudi production capacity and investment cooperation and to build up a platform for companies to get to know the investment policies and environment and potential projects of both sides. Cao, as Head of the Executive Agency of the cooperation on the Chinese side raised 5 suggestions: (1). Conduct research on the matching of development strategies and planning of the two sides; (2). Promote the implementation of the current production capacity and investment mechanism; (3). Promote the establishment of the cooperation platform; (4). Promote the implementation of current cooperation projects; (5). Set up extensive service networks with the participation of relevant parties.

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During the forum, the working team of the production capacity and investment cooperation exchanged views on the promotion of priority projects. The ICC and the Saudi Arabia Industrial Cluster Development Program, as the working team of the cooperation projects, jointly organized the forum. 

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