China will be hosting the China-Saudi Investment Conference in Beijing next Tuesday, SPA said on Saturday. The Ministry of Investment is organizing the event in coordination with the China Chamber of Commerce for the Import and Export of Machinery and Electronic Products (CCCME). The event will take place on the sidelines of a visit by Saudi Minister of Investment Khalid bin Abdulaziz Al-Falih to China and the Hong Kong Special Administrative Region from 7 - 12 December 2023.
Saudi Arabia, Hong Kong sign agreement to boost direct investment arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Saudi GDP fell in the third quarter and expectations of spending $ 334 billion in 2024. Oil activity fell 17% from a year ago following crude production cuts under OPEC Plus agreements. Saudi Arabia announced last week that it would extend its voluntary oil production cuts by one million barrels per day until March 2024. Despite the expected recovery next year, Saudi Arabia will turn to debt markets to manage a projected budget deficit of 79 billion riyals in 2024 (1.9% of GDP), compared to 2% in 2023.
Saudi Arabia participates in the World Economic Forum 2023 Annual Meeting with high-level delegation quicknews-africa.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from quicknews-africa.net Daily Mail and Mail on Sunday newspapers.