The Minister of Business discusses the localization of excessive -value industries within the Kingdom with Chinese language corporations

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The Minister of Business and Mineral Sources, Bandar bin Ibrahim Al -Khuraif, held a sequence of bilateral conferences with the leaders of main industrial corporations within the Chinese language metropolis of Shanghai, throughout which he mentioned methods to settle excessive -value industries and promising funding alternatives within the Kingdom, as a part of his official go to to China.


The Chinese language corporations that met the autumn included their leaders – in line with the Saudi Information Company, the Kinta Group Group specializing within the electrical expertise business, the distinguished Transmission Holdings firm within the manufacture of smartphones, and the Tongli paint business, in addition to the Huawei Tech Firm, which makes a speciality of expertise and synthetic intelligence programs.


Al -Khuraif witnessed the signing of a tripartite memorandum of understanding between the Nationwide Heart for Industrial Improvement, Saqr Al -Jazeera, and the Chinese language firm Kinta Group, to localize the compressor of air-con programs within the Kingdom.

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