Saudi Arabia Wants More Chinese Investment

The kingdom has a young and growing population and is offering attractive tax breaks to lure foreign capital, Deputy Investment Minister Saleh Khabti tells Caixin

Saleh Ali Khabti, Deputy Minister for Investment Transaction. Photo: courtesy of National Industrial Development Center of Saudi Arabia

Saudi Arabia hopes to draw more investment from Chinese companies not only in crude oil and chemicals but across a slew of other industries — from mining, automobiles and property to digital infrastructure, renewables and cloud computing — as the kingdom seeks to diversify its economy.