On June 16, 20232, CEEC and Saudi Arabia's Al Jumeirah Holding Group signed a strategic cooperation memorandum in Riyadh, Saudi Arabia, to jointly promote investment and construction cooperation in the fields of energy, water, and infrastructure in Saudi Arabia, the Middle East, and even globally, and achieve common development. Song Hailiang, Secretary of the CEEC Party Committee and Chairman, and Sheikh Iprasin Al Jumeiya, Executive Director and Vice Chairman of Saudi Arabia Al Jumeiya Holding Group, attended the signing ceremony and delivered speeches.

Song Hailiang said in his speech that Saudi Arabia is one of the most dynamic economic centers and innovation centers in the world. With the deep connection between the the Belt and Road Initiative and Saudi Arabia's 2030 vision, China Saudi Arabia economic and trade cooperation ushers in new opportunities for development. CEEC is a comprehensive mega group company that provides systematic, integrated, full cycle, and comprehensive development plans and services for industries such as energy, electricity, and infrastructure in China and even the world. It has strong technological advantages and rich experience in the six fields of all electricity, all cities, all transportation, all water, all ecological and environmental protection, and all digital. Aljumeiya Holding Group has outstanding professional strength and significant diversification advantages.

CEEC will actively integrate into the three major economic forms of green and low-carbon, digital intelligence, and sharing and integration. Adhering to the principles of each other's needs, advantages in energy construction, consensus between both parties, and win-win cooperation, taking the signing of this cooperation agreement as an opportunity, we will innovate cooperation models, strengthen communication and docking, and jointly explore the Middle East and even global markets, in photovoltaic, green hydrogen and green ammonia, energy storage, gas power plants, seawater desalination New breakthroughs have been made in investment and construction fields such as sewage treatment, adding new impetus to the joint construction of the the Belt and Road between China and Saudi Arabia.

Al Jumeiya stated in his speech that the signing of this cooperation agreement is an important milestone in the development of the bilateral cooperation relationship, which will effectively promote future cooperation in the field of renewable energy and help Saudi Arabia achieve the net zero emissions target of 2060. This is highly consistent with the bilateral relations and trade cooperation vision of Saudi Arabia and China.

As a leading Saudi enterprise and supporter of the 2030 vision, Aljumeiya Holdings Group is committed to deepening and expanding global strategic partnerships, and jointly promoting green and sustainable development. CEEC is an important strategic partner of Aljumeiya Holding Group, and both sides have established a high degree of mutual trust in cooperation in Saudi photovoltaic and other projects. We hope that both sides can work together and work together to further expand cooperation in various fields in Saudi Arabia and even globally, create more safe, reliable, and green environmental protection projects, jointly address current and future energy security and climate challenges, and achieve mutual benefit and win-win results.Editor/Ma Xue