The cooperation between China and Saudi Arabia in the economic field is becoming increasingly close.
Recently, multiple Chinese companies have joined hands with Saudi companies to jointly explore markets and promote bilateral economic and trade relations to a new level.
Zoomlion achieved significant results at the new product launch event in Saudi Arabia, with a signing amount exceeding 230 million yuan, demonstrating the strong strength and market appeal of Chinese manufacturing.
The official opening of China Unicom Saudi Arabia marks an important step for Chinese communication operators in their international layout, which will promote the improvement of Saudi Arabia's communication service level.
At the same time, in the fields of new energy and healthcare, Jianhui Information and Baobi New Energy have respectively launched deep cooperation with Saudi enterprises to jointly explore the future of green energy and help the digitalization process of Saudi healthcare industry.
These collaborations not only deepen mutual understanding between enterprises of the two countries, but also inject new vitality into the economic and trade cooperation between China and Saudi Arabia, indicating that there will be broader cooperation space between the two sides in the future.
1. Zoomlion Saudi Arabia signed a contract worth over 230 million yuan
In July 2024, the highly anticipated new product launch event of Zoomlion was held in Riyadh, the capital of Saudi Arabia. The atmosphere at the event was lively and fruitful, with a total signing amount exceeding 230 million yuan, demonstrating Zoomlion's strong market influence and product attractiveness in the Middle East.
At this press conference, Zoomlion launched a series of innovative products, including concrete machinery, earthmoving machinery, engineering cranes, and tower cranes. These new products have won wide recognition and favor from attending customers with advanced technology and excellent performance.
Among numerous new products, concrete machinery has attracted much attention, with a contract amount exceeding 100 million yuan, accounting for a large proportion of the total contract amount. This fully demonstrates the profound strength and market recognition of Zoomlion in the field of concrete machinery.
At the same time, new products such as earthmoving machinery, construction cranes, and tower cranes have also performed well, with signing amounts of nearly 70 million yuan, over 30 million yuan, and over 20 million yuan respectively.
2. China Unicom Saudi Arabia officially opens for business
Recently, China Unicom has reached an important milestone in its internationalization layout.
On June 6th, China Unicom Saudi Arabia officially opened in Riyadh, the capital of Saudi Arabia, marking China Unicom as the first Chinese telecommunications operator to obtain a commercial registration certificate in Saudi Arabia.
This move is not only the first branch established by China Unicom in the Middle East, but also a key step taken by the company in its global connectivity and digital transformation strategy.
As an important economic center in the Middle East, Saudi Arabia has extremely high strategic value for China Unicom.
By establishing branch offices here, China Unicom can not only gain a deeper understanding of local market demand, but also provide services that better meet the actual needs of Chinese enterprises.
This will not only help Chinese companies better integrate into the local market, but also promote the improvement of communication service levels in Saudi Arabia.
3. Jianhui Information Helps Saudi Arabia's Medical Industry Digitize Process
On May 27, 2024, Jianhui Information took an important step forward in its development in the Saudi market. The full medical equipment exported to Saudi Arabia has been officially launched.
Among these departing devices, the most eye-catching one is undoubtedly the fully customized automatic dispensing, labeling, and packaging machine for primary hospitals (PHC) under the Saudi Ministry of Health.
This device is the result of close cooperation between Jianhui Information and Saudi Arabian Ajlan Brothers Holdings Group. It fully considers the special needs and characteristics of the Saudi medical market, aiming to provide more efficient and accurate solutions for local medical services.
According to the memorandum of cooperation signed between the joint venture and Lean, a system integrator designated by the Saudi Ministry of Health, these customized medical devices will be gradually deployed to over 2300 PHCs throughout Saudi Arabia after the trial period expires.
Jianhui Information has deepened its understanding of the demands and characteristics of the Saudi healthcare market through in-depth cooperation with the Saudi Arabian Ajlan Brothers Holdings Group, laying a solid foundation for the development and promotion of customized solutions.
In cooperation, Jianhui Information fully utilizes its professional knowledge and rich experience in the field of medical automation, combined with the actual situation of the Saudi market, to design medical intelligent solutions that truly meet local needs.
4. Baobi New Energy and Saudi FAS Energy jointly create a green energy future
In May 2024, Baobi New Energy and Saudi FAS Energy successfully signed a joint venture agreement, marking a substantial step forward in the cooperation between China and Saudi Arabia in the field of new energy.
Baobi New Energy, as a leading comprehensive energy management service provider, focuses on providing comprehensive energy solutions for communities and industrial parks.
The company once used the factory roof of OPPO Lighting to build a photovoltaic smart power generation system covering about 70000 square meters.
This innovative measure not only effectively reduces the temperature and air conditioning electricity load in the factory workshop, but also reduces the electricity consumption of the power grid, thereby reducing the risk of power and production restrictions imposed by the power grid on the factory.
This move has played a crucial role in energy conservation, emission reduction, and sustainable development for OPPO Lighting, demonstrating the professional capabilities of Baobi New Energy in the field of comprehensive energy services.
It is worth mentioning that Baobi New Energy has also gained the favor of investors.
As of the end of 2023, the company has successfully completed A3 and A4 rounds of financing, with a cumulative financing amount of approximately 1.5 billion yuan, and has received strong support from top listed companies in the photovoltaic industry chain, including Gudewei and Yuneng Technology.
On the other hand, FAS Energy, as part of the FAS Holdings Group in the Kingdom of Saudi Arabia, focuses on the development, ownership, and operation of solar photovoltaic power generation assets.
The company plans to establish a global renewable energy asset portfolio of no less than 5GW in the next five years, with a focus on projects in emerging energy markets, regional refrigeration, and hydrogen storage.
The highlight of this cooperation is that Baobi New Energy, FAS Energy, and Xi'an Economic Development Zone jointly signed a project investment intention agreement.
According to the agreement, a new energy investment project with a total intended investment of approximately 1 billion yuan will be implemented in the Economic Development Zone, with foreign direct investment of approximately 70 million US dollars.
This project is not only the first investment by a Saudi state-owned enterprise in Xi'an, but also indicates that the cooperation between China and Saudi Arabia in the field of new energy will become closer.