Saudi Arabia signs $5.6 Billion Electric Vehicle deal as it grows closer with China

Riyadh aims to collaborate, rather than compete, with Beijing, while ignoring the western’s concern over the two countries’ growing ties, as it looks to diversify its economy away from oil.

Tourism is a pillar of Saudi Vision 2030, and China ranks very high globally as a source of tourists.

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Al Monitor » “Saudi Arabia aims to diversify economic partnerships, decrease dependency on traditional allies, such as the United States, and sees China as a crucial market for oil exports,” Soliman told Al-Monitor. “Riyadh also seeks greater Chinese investment in non-oil sectors and expertise in infrastructure, technology, and renewable energy.”