Riyadh, - The Federation of Saudi Chambers, represented by the Saudi-Chinese Business Council and Dalian Municipal Bureau of Commerce, have signed a framework agreement to strengthen economic and trade cooperation.
The signing took place at the meeting between the Chairman of the Saudi-Chinese Business Council, Mohammed Al-Ajlan, and Dalian's mayor, during which facilitating mutual investments was discussed.
Areas of cooperation in accordance with the terms of the agreement include strengthening communication, trade and investment between companies from both sides and exploring opportunities and markets with a focus on the energy, petrochemicals, infrastructure and finance sectors, as well as supporting companies in reaching trade partners, providing information, organizing visits of mutual trade delegations and participating in exhibitions and forums.
The municipality of Dalian, northeastern China, is an essential international point for shipping and logistics services in Northeast Asia and the main corridor for transporting materials and goods. The city authorities seek to provide an attractive investment environment for investors.
Source: Saudi Press Agency