Chinese sovereign funds bolster tech ties with Saudi Arabia amid US sanctions
China Investment Corporation and Silk Road Fund held talks with Saudi Arabia’s information technology minister, underscoring growing China-Saudi cooperation.
China's sovereign wealth fund China Investment Corporation (CIC) and state-owned Silk Road Fund are seeking closer investment cooperation with Saudi Arabia on information technology.
This was underscored by their leaders’ recent meetings with Saudi communications and information technology minister.
The meetings signal a growing appetite for China-Saudi partnerships in tech and digital sectors, as the two countries look to diversifying economic ties beyond energy and infrastruc…
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