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

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

Topic |   Belt and Road Initiative

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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
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Sarah Zheng

Sarah Zheng

Sarah Zheng joined the Post as a reporter in 2016. She graduated from Tufts University with a degree in international relations and film and media studies. She reports on China's foreign policy.