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Saudi Arabia announced on Sunday billions of dollars in investment deals between China and the Arab world on the first day of the China-Arab business conference in Riyadh. The meeting came amid growing commercial and diplomatic ties between Beijing and Middle Eastern countries, including a recent landmark Chinese-brokered rapprochement between powerhouses Iran and Saudi Arabia that has shifted regional relations. This figure includes a $5.6bn memorandum of understanding between the Saudi investment ministry and Human Horizons, a Chinese maker of electric and self-driving cars.

Saudi Arabia signs $5.6b deal with Chinese EV firm Human Horizons

Saudi Arabia announced on Sunday billions of dollars in investment deals between China and the Arab world on the first day of the China-Arab business conference in Riyadh. The meeting came amid growing commercial and diplomatic ties between Beijing and Middle Eastern countries, including a recent landmark Chinese-brokered rapprochement between powerhouses Iran and Saudi Arabia that has shifted regional relations. This figure includes a $5.6bn memorandum of understanding between the Saudi investment ministry and Human Horizons, a Chinese maker of electric and self-driving cars.

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