Saudi Aguilan Brothers Holdings Group Visits TEDA Holdings
Release time:
2023-03-08 00:00
On February 28, Muhammad el Aguilan, vice chairman of Saudi Aguilan Brothers Holding Group Co., Ltd. (hereinafter referred to as Aguilan) and chairman of the Saudi China Business Council, visited and received by Qu Defu, party secretary and chairman of the company. Li Maoyi, chairman of Shandong Tianyi Chemical Co., Ltd., Li Qifang, director of investment and financing of Shanghai Delong Iron and Steel Group Co., Ltd., Liu Bin, global vice president of Disrupt Space, and TEDA City Investment of TEDA, exchange on matters relating to cooperation.
Qu Defu welcomed the guests and their party. He said that the China-Egypt TEDA Suez Economic and Trade Cooperation Zone (TEDA Cooperation Zone for short) developed by TEDA Holdings is the only two national-level overseas economic and trade cooperation zones that have been unveiled by national leaders. It has become an important platform for China-Egypt economic and trade cooperation. In December last year, when President Xi Jinping met with President Sisi in Riyadh, Saudi Arabia, he emphasized the "implementation of major projects such as the China-Egypt TEDA Suez Economic and Trade Cooperation Zone", which attracted the attention of all sectors of society in China and Egypt. He stressed that TEDA Holdings, which aims to "build a first-class cross-border state-owned capital investment company", is actively carrying out strategic layout in Saudi Arabia on the basis of the success of the TEDA cooperation zone. In 2019, TEDA signed a cooperation agreement with the Saudi Industrial City Authority (MODON) on the 1 square kilometer "China TEDA Park" project in Dammam's third industrial zone, opening the way for Saudi Arabia to expand its asset-light business. TEDA Holdings will actively discuss business cooperation with well-known government and enterprise institutions in Saudi Arabia, including Aguilan, and promote the establishment of closer strategic cooperation between the two parties.
Mohamed El Aguilan expressed his appreciation for the reform and development results of TEDA Holdings. He said that the friendship between China and Saudi Arabia has a long history. In recent years, high-level government visits have been frequent. Especially after President Xi Jinping's visit to Saudi Arabia in December last year, it has set off a climax of economic and trade cooperation and cultural exchanges between China and Saudi Arabia. The TEDA brand and overseas parks are well-known at home and abroad, while Saudi Arabia has become a global investment hotspot. Saudi Arabia welcomes Chinese-funded enterprises represented by TEDA Holdings to invest extensively in Saudi Arabia, and hopes that the two sides will further strengthen cooperation and exchanges in various fields to promote mutual benefit and win-win results.
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