INSUBCONTINENT EXCLUSIVE:
China is actively strengthening its economic ties with Middle Eastern countries, marked by multi-billion dollar investments from Chinese
companies.During his recent visit to Saudi Arabia, Chinese President Xi Jinping signed agreements worth up to US$50 billion.These deals
Ministry of Investment and Human Horizons, a Chinese electric vehicle company.The growing economic relationship poses challenges for the US
as Saudi Arabia expands its list of allies.Persian Gulf wealth funds predicted to allocate up to US$2 trillion of their investments to China
(Photo Internet reproduction)Middle Eastern investors, in turn, are finding opportunities in China, with Middle Eastern capital becoming an
alternative for Chinese companies facing restrictions in the US financial system.Chinese firms, including architecture, engineering, and
technology companies, have also been actively engaging with Middle Eastern officials to assist in transforming their economies.Notably,
attractive advantages for executives from both sides.Efforts are underway to strengthen business ties, with Dubai Chambers establishing an
office in Hong Kong to facilitate greater cooperation between businesses in both regions.The largest sovereign wealth funds in the Middle
East are predicted to allocate between US$1 trillion and US$2 trillion of their investments to China by 2030.
