Saudi Crown Prince Meets Chinese Prez, Bags Oil Deal
Beijing: After visiting Pakistan and India, Saudi Crown Prince Mohammed Bin Salman on Friday met Chinese President Xi Jinping and bagged a USD 10 billion oil deal, months after facing a global outlash over the Khashoggi killing.
During the meeting, both the countries emphasized in deepening partnerships in energy, infrastructure construction, finance, and technology. At present, China is Saudi Arabia’s largest trading partner.
The Saudi Arabian General Investment Authority also announced the signing of 35 non-binding Memorandums of Understanding (MoU), including deals related to energy, mining, transportation, and e-commerce. National security is also a potential area of cooperation between the Gulf state and China.
Both the nations are also looking for partnerships in counterterrorism and law enforcement, and exchange experience on combating extremism, stated a report by the Chinese media.