Energy and trade will for sure occupy an important role in the meeting between Saudi Arabia’s King Salman and Chinese President Xi Jinping, but various other fields will be key in their talks, such as defense and security. Certainly energy cooperation is the foundation of relations between the two countries, Saudi Arabia is the world’s top exporter of crude oil and China is the world’s biggest importer, but China also offers important economic advantages to Saudi Arabia’s downstream and petrochemicals sectors, as the Saudi Basic Industries Corp. (BASIC) already holds a stake in a polycarbonate complex in Tianjin with China Petroleum & Chemical Corporation and Saudi Aramco holds a stake in the Fujian Refining & Petrochemical Company. Concerning the trade the visit was important to attract more Chinese investment to the Kingdom and the use of Chinese expertise to contribute to the diversification of the Saudi economy away from oil, due to China’s rapid economic development over the past three decades. Moreover also in the field of strategic relations, China is a key country and is a source of political support in the path of saudi selective economic reforms. Also counterterrorism is an emerging area of cooperation between the two countries, that includes a five-year plan for security cooperation including counterterrorism cooperation and joint military drills, and there is also a potential for chinese companies to win more Saudi defense procurement over the next decade and receive technology transfer.
After the meeting with US President Donald Trump, Saudi Deputy Crown Prince bin Salman hailed US President as a “true friends of Muslims” and affirmed he does not believe that Trump’s ban targets Islam specifically also because as senior adviser to Prince Mohammed said “Trump has an unprecedent and serious intention to work with the Muslim world”. Moreover this meeting marked a difference from Riyadh’s relationship with the Obama administration. In fine the White House has announced that the Saudi Deputy Crown Prince and President Trump have discussed potential economic projects worth $200 billion.
Prime Minister Shinzo Abe and Saudi Arabia’s King Salman bin Abdulaziz on Monday signed a document regarding cooperation to help end the Saudi Arabian economy’s dependence on oil. The two leaders also agreed to cooperate for the stability of the Middle East, calling each other “strategic partners” during a meeting at the Prime Minister’s Office. The document for cooperation lists nine priority areas for diversifying the Saudi Arabian economy, such as the entertainment and media industries, and infrastructure.
King Salman visited Malaysia today during his tour to Asia, that includes Indonesia, Japan, China, Brunei, Jordan and Maldives. Malaysian Prime Minister affirmed that relations between the two countries are built on mutual trust and respect through the years. The Minister also said both countries believe in the tolerant,moderate and peaceful nature of Islam and will sign a number of new agreements. The visit will focus on stregthen bilateral relations at all levels for the benefit of the two countries but also for the unity of the Muslim world as a whole. Also on the commercial front the two countries has improved significantly and the visit will open several channels of cooperation.
King Salman and President of the World Bank Jim Yong Kim met in Riyadh and dicussed aspects of cooperation between the Kingdom and the World Bank Group. Kim expressed the Bank’s desire to partecipate in the Kingdom’s Vision 2030. The President of the World Bank also met with Deputy Crown Prince Muhammad bin Salman and the two talked about cooperation on reconstruction of Yemen to overcome the current crisis and make available of the basic needs for Yemeni people.