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home > industry news > saudi arabia's economic transformation, chinese companies "digging for gold"
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the saudi market relies on imports, and many industries have development prospects for chinese companies. from "to g", "to b" to "to c", as long as the government budget is sufficient and the people's economy is active, there will be booming industry opportunities. yan xuguang believes that the economies of china and saudi arabia are highly complementary, especially in the fields of infrastructure and energy. the efforts of the saudi government play a vital role in the transformation process, attracting many chinese companies to actively participate.
"to seize the big systemic opportunities, the first is infrastructure and the second is energy." yan xuguang said that the economies of china and saudi arabia are highly complementary, especially in the mining industry. the saudi government is promoting energy transformation, and china has strong advantages in the energy industry. at the same time, china's strong manufacturing and infrastructure foundation can also help saudi arabia to carry out diversified transformation.
according to saudi arabia's transformation strategy "vision 2030", mining will become the "third pillar" of saudi arabia's economy, alongside oil, gas and petrochemicals. since the implementation of the saudi mining investment law, saudi arabia's mining industry has flourished and the mining area has continued to expand. last year alone, the number of mining licenses more than doubled from the previous year, increasing from 8 to 19. since 2024, chinese companies have been active in the field of mineral and metal exploration and development in saudi arabia.
saudi arabia's economic transformation has also brought new opportunities for overseas express delivery services. with the development of the saudi market and the active exploration of chinese companies, overseas express delivery services will become a bridge connecting the chinese and saudi arabian markets. it simplifies the process of cross-border trade, provides chinese companies with convenient and efficient logistics solutions, helps chinese companies realize their "localization" strategy, and promotes the development of economic cooperation between the two countries.