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China plans manufacturing cars in Saudi
(MENAFN) China said it plans to invest in manufacturing cars in Saudi Arabia to cover the local growing demand, according to Arab News
China's Ambassador Li Chengwen said the two parties plan a vital market in both countries
Chengwen added: "There is a strong will by Chinese investors to produce automobiles here in the Kingdom, but the whole idea is under consideration and study.
"New Chinese companies will enter Saudi markets during the coming period. We seek to develop work mechanisms between the two countries, to find and increase mutual work trajectories within the different economic sectors. Saudi Arabia and China have always been on good terms as trade partners.
China's Ambassador Li Chengwen said the two parties plan a vital market in both countries
Chengwen added: "There is a strong will by Chinese investors to produce automobiles here in the Kingdom, but the whole idea is under consideration and study.
"New Chinese companies will enter Saudi markets during the coming period. We seek to develop work mechanisms between the two countries, to find and increase mutual work trajectories within the different economic sectors. Saudi Arabia and China have always been on good terms as trade partners.
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