Saudi Arabia, China Sign Cooperation Agreements

 18 Mar 2017 - 9:21

Saudi Arabia, China Sign Cooperation Agreements
REUTERS/Lintao Zhang

QNA

Beijing: Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Chinese President Xi Jinping on Thursday witnessed the signing of a number of memoranda of understanding and cooperation between the two countries, the official Saudi news agency SPA reported.

The two countries signed a memorandum of understanding on the general framework for opportunities for industrial investment and infrastructure as well as a memorandum of understanding on financing and establishing container and infrastructure stations of the center for multiple logistics services in Yanbu Industrial City.

They also signed a strategic cooperation agreement for investment in multiple projects and another one on cooperation on the kingdom's participation in a China trip to explore the moon (Chang E-4).

In addition, the two sides inked a partnership agreement for manufacturing drones, and a memorandum of understanding on cooperation on the list of productive energy projects.

Saudi Radio and Television Commission signed an executive cooperation program with China's National Radio, Television, Media and Publishing Commission. 

A cooperation program in the field of trade and investment was also signed along with a memorandum of cooperation in the educational field, a memorandum of understanding for cooperation in the field of labor, a memorandum of understanding on cooperation in regulatory affairs of nuclear safety for peaceful use of nuclear technology, an agreement on a feasibility study for projects of high-temperature gas coolant nuclear reactor in Saudi Arabia, a memorandum of understanding for cooperation in the field of uranium and thorium deposits, and a cooperation agreement in the field of export credit guarantee.