Saudi Arabia to keep bolstering ties with China: economic chief

Riyadh seen pursuing equidistant relations with all partners

20240117N Saudi minister Faisal Alibrahim

Faisal Alibrahim, Saudi Arabia's minister of economy and planning, says there are many opportunities for China to invest in his country. (Saudi Arabia's Ministry of Economy and Planning)

SHOGO AKAGAWA and SHUNTARO FUKUTOMI, Nikkei staff writers

January 18, 2024 02:27 JST

DAVOS, Switzerland/DUBAI -- While other nations maneuver to reduce their economic exposure to China, the Saudi Arabian minister of economy and planning tells Nikkei his country looks to build stronger ties with the Asian power.

"We have a strong trade relationship with China," Faisal Alibrahim said during an interview Tuesday in the Swiss town of Davos, the venue for the World Economic Forum's annual gathering. "And we think it's very wise to continue strengthening that relationship with China as well as our other partners."