Saudi Arabia is seeking collaboration not competition with China, energy minister says

in news •  last year 

"RIYADH, June 11 (Reuters) - Saudi Arabia wants to collaborate, not compete, with China, the kingdom's energy minister declared on Sunday, saying he "ignored" Western suspicions over their growing ties.

As the world's top oil exporter, Saudi Arabia's bilateral relationship with the world's biggest energy consumer is anchored by hydrocarbon ties. But cooperation between Riyadh and Beijing has also deepened in security and sensitive tech amid a warming of political ties - to the concern of the U.S."
https://www.reuters.com/world/middle-east/gcc-china-free-trade-deal-must-protect-emerging-gulf-industries-saudi-minister-2023-06-11/

"Saudi Arabia is seeking stronger cooperation with China on trade investments and energy flows rather than competing with the superpower, said Energy Minister Prince Abdulaziz bin Salman.

“We came to recognize the reality of today that China is taking, had taken a lead, will continue to take that lead. We don’t have to compete with China, we have to collaborate with China,” he told CNBC’s Dan Murphy during the Arab-China Business Conference on Sunday."
https://www.cnbc.com/2023/06/12/saudi-arabia-seeking-collaboration-not-competition-with-china-energy-minister.html

Saudi Arabia and China are part of a multipolar world order, and their mutual interests are 'strong and rising,' minister says
https://www.msn.com/en-us/money/markets/saudi-arabia-and-china-are-part-of-a-multipolar-world-order-and-their-mutual-interests-are-strong-and-rising-minister-says/ar-AA1cvDJA

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