China's investment in Saudi Arabia has shown a trend of diversification and rapid growth. In recent years, Chinese enterprises have invested in various sectors in Saudi Arabia, including energy, infrastructure, digital economy, manufacturing and industry, and tourism. Particularly under the alignment of the Belt and Road Initiative and Saudi Arabia's Vision 2030, significant achievements have been made in energy cooperation between the two countries.
According to relevant data, China's investment in Saudi Arabia was only $1.5 billion in 2022. However, in 2023, China's cumulative investment in Saudi Arabia reached $16.8 billion, primarily focusing on the automotive, metals, and semiconductor industries. China is one of the important foreign investors in Saudi Arabia.
These investments not only help Saudi Arabia achieve economic diversification and energy transition but also provide Chinese enterprises with vast development space and opportunities.