(MENAFN- Mid-East.Info) Dubai, United Arab Emirates: A special ceremony was organized to witness the signing of cooperation agreements on the side-lines of the Fifth season of the China-Arab States Expo, held in Yinchuan, Ningxia region, western China, where, according to Ningxia Provincial Business Administration, 13 agreements were signed, with a total amount of 3.996 billion yuan (about 613 million US dollar), covering multiple fields such as infrastructure, renewable energy, modern agriculture, equipment manufacturing, renewable materials, and cooperation in production capacity.
With the current gradual progress of the “Belt and Road” initiative, cooperation in the field of production capacity between China and Saudi Arabia has made significant strides. Today, China-KSA cooperation in the field of production capacity has added new aspects, including, as posted on the Business Administration website, the remote signing of cooperation projects, including a project for the production of medical plastics between the Saudi Silk Road Industrial Services Co. and SHEN GONG Group Ltd., and a project on the treatment of waste vehicle tires under low temperature and a slightly negative pressure between Saudi Silk Road Industrial Services Co. and JIA HONG YUAN for Technology and Environmental Protection, which enhances international cooperation and opens new horizons in the field of production capacity between China and Saudi Arabia. This project utilizes the low prices of primary chemicals and the energy advantage in Saudi Arabia, with the use of Chinese technology in manufacturing to fulfil the need for medical plastics, provided such products shall be sold worldwide while marked “Made in KSA”. As for the waste tire treatment project, it is part of the“Saudi Green” initiative, an investment project to recycle waste tires.
This is in addition to the remote signing of a contracting agreement for the construction of a 120-megawatt wind energy project in the Gulf of Suez, Egypt, made between Gezhouba Group Corporation and Tawoos Power Company, based in Egypt.
On the other hand, also on the side-lines of the Expo, a conference on the cooperation in modern agriculture, and a conference on promoting investment in light of the “Belt and Road” initiative were also held. Such events were held both physically and virtually, where the Chinese Vice Minister of Commerce, Mr. Qian Keming, and the Egyptian Minister of Trade and Industry, Mrs. Nevin Gamea participated therein, as well as the representative of the United Nations World Food Program in China, Qu Sixi. It is worth noting that the Egyptian Minister of Trade and Industry, Mrs. Nevin Gamea, delivered a speech via a virtual participation, where she presented a presentation on the efforts to deepen economic reform in Egypt and consolidate Egypt’s regional position and international influence, as well as completing and developing the legal system related to attracting foreign corporations to Egypt and comprehensive modernization of infrastructure, in addition to major projects such as the New Administrative Capital and the New Suez Canal.
Chinese Vice Minister of Commerce, on the other hand, referred to the accomplishments made through trade exchange between China and Arab States, in terms of mutual interests, mutual gain, expansion of investment and cooperation in the field of infrastructure, notwithstanding the pandemic sweeping the world. H.E. also added that there are yet great opportunities for both sides in the future to cooperate in the field of combating epidemics and deepening cooperation in the field of production chains, as well as promoting transformation and advancement in power/energy field and promoting freedom of trade and investment.
The “2020 Annual Report on the Development of China-Arab Trade Relations” was officially released, also on the side-lines of the Fifth season of the China-Arab States Expo. The report systematically screens the new progress made by China and Arab States in trade and investment, science and technology, agriculture, digital economy, medicine, and health. It also describes the features and trends of the Chinese-Arab development and economic and trade relations.
The UAE Pavilion is the Guest of Honour of Fifth Season of the China-Arab States Expo
The events of the Fifth season of the China-Arab States EXPO continue in Ningxia, west China, with a population of 7 million people. UAE is present as a guest of honour this season where the events of which are organized both online and offline. The technology being showcased in front of Yinchuan’s 2 million residents and visitors from other regions of China, showcases the unique customs and charm of the UAE, including its unique and attractive architecture and exquisite design. The biggest feature is the light shed on EXPO 2020 Dubai and the unique experience it will provide its visitors within its various pavilions. In addition to the pavilion, a window has been devoted to the UAE pavilion on the website of China-Arab States Expo, through which visitors can view, through virtual reality technology, aspects of the experience that visitors to EXPO 2020 Dubai will live through, utilizing three different angles: the angle of photography from the top, the angle of a wanderer in the exhibition pavilions, and the three-dimension (3D) angle, with the integration of visual materials that will enable the virtual visitor to browse the pavilion to learn more about EXPO 2020 Dubai.
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