Saudi Arabia and China sign 15 accords

8 years ago | Posted in: Business | 856 Views

BEIJING: China and Saudi Arabia signed 15 agreements and memorandums of understanding on Tuesday following a high-level meeting led by Saudi Deputy Crown Prince Mohammed bin Salman and Chinese Vice Premier Zhang Gaoli.

A report by the Saudi Press Agency (SPA) listed the accords signed as follows:


• Memorandum of understanding (MOU) on energy development;

• MOU on oil storage;

• MOU on cooperation on mining;

• MOU on housing development;

• MOU on cooperation between the Chinese Ministry of Commerce and the Saudi Fund for Development;

• MOU on cooperation on water resources;

• MOU on the construction of a new city;

• MOU on cooperation on product quality control, supervision, testing and quarantine;

• MOU on a loan fund to help finance the reconstruction of the areas affected by earthquakes;

• MOU on cooperation between the Chinese Ministry of Science and Technology and King Abdulaziz City for Science and Technology;.. see more

source: arabnews

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