Deal of $10 bln investment signed in Arab-China conference

Riyadh: Investment agreements worth 10 billion dollars were signed on the first day of tenth Arab-China Business Conference which was held in the Saudi capital, Riyadh.

According to foreign media reports, Saudi Foreign Minister Prince Faisal bin Farhan said that China is the largest trade partner of Arab countries with 430 billion dollars.

The conference emphasized the promotion of partnership and cooperation between Arab countries and China.

According to reports, 40 billion dollars’ worth of deals are expected to be concluded in the two-day conference. More than 3,500 businessmen and representatives from China and Arab countries are participating in the conference.