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February 22, 2019 10:12 am

Saudi, China Sign $28 Billion Worth of Economic Accords

avatar by Reuters and Algemeiner Staff

Saudi Arabian Crown Prince Mohammed bin Salman poses for camera with the Chinese Ambassador to Saudi Arabia Li Huaxin during a visit to Great Wall of China in Beijing, Feb. 21, 2019. Photo: Bandar Algaloud / Courtesy of Saudi Royal Court / Handout via Reuters.

Saudi Arabia and China signed economic cooperation agreements worth a total of $28 billion at a joint investment forum during a visit by Saudi Crown Prince Mohammed bin Salman to Beijing, Saudi state news agency SPA said on Friday.

It said 35 agreements had been signed at the forum, held by Saudi Arabia’s investment agency SAGIA. It also said four licenses for Chinese companies had been awarded at the forum, without giving any details.

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