Saudi Investment Minister Eng. Khaled Al-Faleh on Sunday announced the launch of a new modern Silk Road connecting the Arab world and China.

Al-Faleh, while speaking at the Arab-China Business Conference held in Riyadh, stated that it is time for China to become an essential strategic partner to development in the region.

The Saudi Minister spoke of the growth in trade exchange with China saying it creates promising opportunities for investments.

On behalf of Crown Prince Mohammad bin Salman, Saudi Foreign Minister Faisal bin Farhan had inaugurated the 10th edition of the conference earlier today, held under the slogan “Cooperation for Prosperity”.

In his inaugural speech, bin Farhan mentioned China’s role as the region’s largest economic partner with bilateral trade exchange having reached USD 430 billion in the year 2022.

Source: Kuwait News Agency