“Build One Belt and One Road Together, Connect with Saudi Opportunities”.


On Sept. 1, 2015, Saudi Arabian Government and Saudi Arabia’s largest state-owned company Saudi Aramco held a Project Matching Conference in Shangri-La Hotel in Pudong, Shanghai. Runfar Group Board Chairman Teng Hexian attended the conference. Important guests who attended the conference and gave speeches included China Energy Security Institute’s Head Gao Zhikai, China Economic Cooperation Center’s Deputy Director Wu Baocai, Inspector Ou Xiaoli of National Development and Reform Commission’s Department for the Development of Western Regions, and President of Saudi Aramco Asia Nabil Nooem.

Saudi Aramco is a state-owned oil company of Saudi Arab. It’s the most valuable company in the world, with assets worth 1 trillion USD. Its head office owns the world's largest oil reserve and oil production scale. Its annual output is 340 million barrels of petroleum. Saudi Aramco also operates the world’s largest unitary oil and gas network, with a main gas system design.

The Ancient Silk Road is a historical gene shared by China and Arab countries. Zhang Ming, Chinese Vice Minister of the Ministry of Foreign Affairs, said last year that located at the west joint of China’s “One Belt, One Road”, Arab countries were China’s natural and important partners in its “One Belt, One Road” construction. Holding this Project Matching Conference shows Saudi Arabian Government wants to set up industrial parks in China, taking advantage of Chinese government’s “One Belt, One Road” policy, and welcomes Chinese entrepreneurs to settled down and invest in the parks. Saudi Arab has indicated it will give Chinese enterprises privileges, support and promotion in policy, capital and other aspects.

It’s reported that China has become the second largest trade partner of Arab countries, and the largest trade partner of 9 Arab countries. Arab countries have become China’s largest crude oil supplier, 7th largest trade partner, important engineering contracting and overseas investment market. All these laid a good foundation for China and Saudi Arab to construct the “One Belt, One Road” together. Aiming at the two sides’ mutual benefit and win-win development, the conference will promote Chinese and Arabian enterprises’ effective matching and optimal configuration of capital, technology, resources, market, promote the closer combination of Chinese and Arabian economies.




By Du Juan