On May 18th, Premier Li Keqiang met with Saudi Arabian Prince Alwaleed and his delegation in Beijing.

Premier Li welcomed Prince Alwaleed to visit China. Li pointed out that Prince Alwaleed and his company had a variety of investments in China and had established close ties with Chinese companies, thus making a great contribution to the development of bilateral economic and trade relations. China appreciates Saudi Arabian government and its business circle’s support and participation of “One Belt, One Road” initiative, and is willing to deepen bilateral cooperation in various sectors. Li also hoped Prince Alwaleed and CPAFFC can actively work together to carry out charity work and people-to-people friendly contacts to further enhance people’s friendship between China and Saudi Arabia. 

Alwaleed stated that Saudi Arabia attaches great importance to China-Saudi Arabia Comprehensive Strategic Partnership and hopes to conduct bilateral exchanges and cooperation at different levels to achieve various fruitful results. Saudi Arabian companies including Kingdom Holding Company are willing to support and actively participate in the building of “One Belt, One Road” initiative. Alwaleed thanked CPAFFC for its thoughtful arrangements and expressed his willingness to conduct cooperation with CPAFFC in charity work and people-to-people exchanges to benefit the two peoples.