Saudi Arabia Strengthens Economic Partnerships with China and Japan Through High-Level Visits

Saudi Arabia has advanced its industrial and investment ties with China and Japan through separate ministerial visits focused on technology transfer, strategic cooperation, and private-sector investment.
In Beijing, Minister of Industry and Mineral Resources Bandar Alkhorayef met with Chinese government officials and leading industrial companies to deepen collaboration in advanced manufacturing, renewable energy, aerospace, and mining. The visit included discussions with ZGC Group, which plans to establish operations in Riyadh in partnership with the National Industrial Development and Logistics Program. A work plan with the China Mining Association will also be signed to expand cooperation in the mining sector, a key pillar of Saudi Vision 2030. Saudi Arabia will further showcase its industrial transformation as guest of honor at the China International Industrial Fair in November.
In Tokyo, Minister of Investment Khalid Al-Falih co-chaired the 8th Saudi–Japan Vision 2030 Committee alongside Japan’s Minister of Economy, Trade and Industry Yoji Muto. The meeting reaffirmed commitments under Vision 2030 and highlighted expanding cooperation in energy, transport, logistics, and manufacturing. With bilateral trade reaching $138.2 billion in 2024, Japan remains Saudi Arabia’s third-largest trading partner. The visit also saw the launch of the Ministry of Investment–Keidanren Strategic Investment Platform to boost private-sector investments.
These dual visits highlight Saudi Arabia’s push to expand global economic partnerships while aligning foreign investment with its Vision 2030 transformation agenda.