Saudi Energy Minister Khalid Al-Falih says China and Saudi Arabia will set up a joint US$20 billion investment fund. Photo: AFP
Saudi Energy Minister Khalid Al-Falih says China and Saudi Arabia will set up a joint US$20 billion investment fund. Photo: AFP
Belt and Road Initiative
China /  Diplomacy

China and Saudi Arabia to team up on US$20 billion investment fund

Project to bolster Beijing’s plans to expand its economic influence in the Middle East

Sarah Zheng
Sarah Zheng

Updated: 10:31am, 28 Nov, 2017

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Saudi Energy Minister Khalid Al-Falih says China and Saudi Arabia will set up a joint US$20 billion investment fund. Photo: AFP
Saudi Energy Minister Khalid Al-Falih says China and Saudi Arabia will set up a joint US$20 billion investment fund. Photo: AFP
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