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Song Hailiang Holds Talks with Investment Minister of Saudi Arabia

CEEC Chairman Song Hailiang on May 23 held talks with Khalid Al-Falih, Investment Minister of Saudi Arabia, who was in China for the China-GCC Countries Forum on Industrial and Investment Cooperation in Xiamen, southeast China's Fujian Province.

They engaged in extensive discussions and reached common understandings on enhancing practical collaboration in areas such as green and low-carbon transformation, infrastructure construction, and third-party markets.

Song expressed his gratitude to the Ministry of Investment of Saudi Arabia for the care and support it has shown to CEEC.

He said that CEEC is a global leader in delivering integrated solutions for energy, power, and infrastructure and an innovation-driven enterprise focusing on technology, energy, infrastructure and integrated development.

Adhering to the core development concept of innovation, greenness, digital intelligence and integration, the company focuses on the central goals of carbon emissions peak and carbon neutrality, as well as comprehensive energy storage and integrated hydrogen energy, Song noted.

He said CEEC is accelerating its four major transformations towards innovation-driven, green and low-carbon, digital, as well as shared and integrated development and has developed new technologies, products, industries, models, and services.

As a key economic hub in the Middle East, the Saudi Arabian market boasts strong influence and immense growth potential, making it a crucial strategic market for CEEC, said Song.

He added that CEEC stands ready to leverage its integrated and unique advantages in energy and power planning, design, investment, and construction across the entire industry chain to actively participate in the investment and development of various sectors in Saudi Arabia, including new energy, hydrogen energy, new energy storage, smart cities, ports, airports, green transportation, sustainable building materials, desalination, ecological conservation, digital centers, computing centers, and "Belt and Road" demonstration areas.

It is hoped that both sides could establish a taskforce to systematically and effectively promote mutual trust and cooperation, jointly explore opportunities in third-party markets, facilitate information sharing and value creation, and work together to establish a new benchmark for cooperation in the global clean and low-carbon energy sector to deepen and solidify the partnership between the two sides, Song noted.

Al-Falih expressed his appreciation to CEEC for its in-depth involvement in the construction and investment of Saudi Arabia's energy infrastructure.

He emphasized that the China-GCC Countries Forum on Industrial and Investment Cooperation has paved the way for collaboration between the two parties. In recent years, Saudi Arabia has ramped up its investments in infrastructure and new energy, with a strong focus on achieving economic diversification and sustainable development. He believes this has created ample opportunities for CEEC to expand its footprint in Saudi Arabia.

Calling CEEC one of the largest enterprises in the global energy infrastructure sector, the minister said he hopes CEEC could give play to its advantages in industry, technology, management, and capital to expand its investment in Saudi Arabia, deeply engage in Saudi Arabia's economic and social development and further enhance collaboration in third-party markets, particularly in infrastructure construction, renewable energy, desalination, the green hydrogen industry, and investment funds.

Al-Falih stressed that the Saudi Ministry of Investment will offer robust support for CEEC's expansion in Saudi Arabia and foster deeper cooperation across multiple sectors.

Heads of relevant departments from both sides were present at the meeting.