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Mohammed Al Ajlan: We have full confidence and expectations for the Chinese market

11 March 2022

Mohammed Al Ajlan, Deputy Chairman of Ajlan & Bros Holding Group and chairman of the Saudi-Chinese Business Council, recently shared his thoughts with international Finance News on the hot issues of the 2022 Two Sessions. He expressed his confidence in China's development and hoped to help promote the development of high-quality cooperation and exchanges between China and Saudi Arabia. 

In recent years, the Chinese government has implemented a series of policies and measures to benefit foreign-invested enterprises, such as further reducing the negative list for foreign investment access and expanding the list of industries that encourage foreign investment. 

This year's government work report once again stressed the need to further open up at a high level and continue to improve the business environment.  "This will not only help Ajlan & Bros Group to deepen the cooperation with leading Chinese companies in various fields, but also give us confidence and expectation in China, a more open, resilient and dynamic market," said Mohammed Al Ajlan. 

In 2021, China attracted another record high of foreign investment, proving the huge attraction of the Chinese market. 

 "The Central Economic Work Conference emphasized that China should expand high-level opening-up, promote institutional opening-up, attract more investment from multinational companies, and accelerate the implementation of major foreign-invested projects.  We are deeply encouraged by this.” Mohammed pointed out.

Globally, the Chinese market is one of the most important strategic markets for Ajlan & Bros Holding Group.  Mohammed emphasize the determination that the group will work hand in hand with more outstanding Chinese enterprises to further tap the opportunities and potential of china-Saudi Arabia economic cooperation and help investors of the two countries to explore a new situation of win-win cooperation at a higher level.

The Government Work Report during this year's two sessions once again calls for continued high-quality belt and Road cooperation, extensive consultation, joint contribution and shared benefits, solid foundation for connectivity cooperation, and steady expansion of new areas of cooperation. 

"As natural partners of the Belt and Road Initiative, China and Saudi Arabia have signed cooperation agreements and MoUs in petroleum, chemical industry, mining, electricity, ports and other industries, setting a good example for China and other developing countries to improve the Belt and Road mechanism."  Mohammed said. 

In addition, Ajlan & Bros Holding Group will always support the in-depth alignment of China's Belt and Road Initiative and Saudi Arabia's Vision 2030. Centering on science and technology, Ajlan & Bros Holding Group will work with Chinese partners in financial services, consumer goods manufacturing, health care, education, mining, tourism and logistics to achieve win-win future opportunities and share development dividends.