wise ministers. this is probably the biggest delegation saudi arabia has a centre for the summit in the last so many years. this comes just two weeks after the chinese arab business, the 10th ofjune, in which we saw a huge chinese delegation coming in. both countries are looking at this as an opportunity to really deepen their economic push, which we have seen really flourishing, at least on the surface of the last few months. it president started with a presence she champagne s visit, last year, and we have seen chinese companies in western saudi arabia, and if you look on paper, saudi arabia is china s large supply of oil, and also its largest trading partner. but the companies are now looking past other sections of the economy and business where they can both come together. tell and business where they can both come together. come together. tell us a bit more about that, come together. tell us a bit more about that, especially come together. tell us a bit more abou
welcome to world business report. i met samantha simmons. get more both of those headline stories in a moment. let s take a look now at relations between saudi arabia and china. following a visit by president xi to riyadh last december, the middle east oil producer is sending a big delegation to china for what s known as the summer davos. davos, of course, is in switzerland. the summer event it in the chinese city of tianjin. let s get more now from out middle east business correspondent sameer hashmi in dubai. good to see you. what will saudi arabia s main objective is to be in tianjin, do you think? i arabia s main objective is to be in tianjin, do you think? tian in, do you think? i think it is a tianjin, do you think? i think it is a very significant tianjin, do you think? i think it is a very significant one, tianjin, do you think? i think it is a very significant one, for - a very significant one, for the delegation, they are sending quite a large saudi arabian location, sen
only deepen its economic ties with the region, but also its political influence of the region, and both can go hand in hand. you will see, as saudi arabia is trying to diversify its economy away from oil, it is looking to open other sectors of the economy, tourism, digital, entertainment, gaming. chinese companies can play a big role. when you look at saudi arabia, traditionally it is the western countries that have been a dominant in the market, but now, saudi arabia once a chinese money to come in, which would help them to diversify the economy, for china, it opens up a whole new market which was untapped until now. giee a whole new market which was untapped until now. a whole new market which was untapped until now. give us an overview of untapped until now. give us an overview of this untapped until now. give us an overview of this event, - untapped until now. give us an overview of this event, the - overview of this event, the reference of summer davos, which of course, attra