The Boao Forum for Asia has always been an important platform for consolidating consensus among all parties and promoting cooperative development, “said Abdulrahman Al Fati, director of the Boao Forum for Asia and CEO of Saudi Basic Industries Company, in an interview with our reporter. He looks forward to working with partners, including China, to promote sustainable development through innovative cooperation and create a better future together.
The diversity of cultures and development in Asia is a key component of global economic development, “Al Faji said. Since its establishment, the Boao Forum for Asia has actively promoted economic exchanges, global dialogue, and cooperation among all parties, playing an important role in promoting Asia’s joint efforts to address global challenges and achieve sustainable growth.
China actively promotes regional cooperation and development, “Al Fati said.” In 2024, China’s gross domestic product will exceed 130 trillion yuan for the first time, continuing to be an important engine of economic growth in Asia and even the world. Through the joint construction of the “the Belt and Road” initiative, China has made important contributions to promoting regional connectivity, improving infrastructure construction and strengthening trade cooperation through practical actions.
Al Faji highly praised China’s firm determination to promote high-quality development. This year’s National People’s Congress and Chinese People’s Political Consultative Conference once again emphasized China’s emphasis on sustainable and high-quality development, encouraging enterprises from various industries to promote innovation cooperation, achieve sustainable development, and respond to global challenges. “He said,” China’s chemical industry is constantly moving towards intelligence, high-end, and sustainable development, providing important growth opportunities for international chemical enterprises, including Saudi Basic Industries Company
Since entering the Chinese market in the 1980s, Saudi Basic Industries Company has continued to increase its investment in China, closely collaborating with Chinese partners to support industrial development with innovative solutions and advanced production technologies. In 2023, the 260000 ton per year polycarbonate project invested by Saudi Basic Industries Company will be put into commercial operation in Tianjin; In 2024, the main project of the Zhongsha Gulei Ethylene Project, in which the company participated in investment and construction, began construction, with a total investment of approximately 44.8 billion yuan. China is one of our most important strategic markets in the world, and we will continue to expand our business layout in China. We believe that we can have more gains in the Chinese market, “said Al Faji.
This year marks the 35th anniversary of the establishment of diplomatic relations between China and Saudi Arabia. “Saudi Arabia China cooperation continues to deepen, which has promoted the economic and social development of the two countries, and is also continuing to promote new cooperation opportunities, especially in the fields of industrial development and energy transformation.” Al Faji said that the joint construction of the “the Belt and Road” initiative and Saudi Arabia’s “Vision 2030” are deeply linked, and promote practical cooperation in all fields to go deeper and more practical. Looking ahead to the future, we will continue to deepen cooperation with China and other partners, actively explore opportunities for cooperation in low-carbon technology, material innovation, and other fields, and contribute to common development and prosperity. “(Reporter Ren Haoyu)