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In the gap between the US and China, a 39 trillion won investment deal with Saudi Arabia

◀ Anchor ▶

Saudi Arabia, a longtime US ally, is fast closing in on China.

We provided a special protocol for President Xi Jinping’s visit and signed an investment agreement worth 39 trillion won.

Correspondent Lee Hae-in from Beijing will tell you.

◀ Report ▶

Escort fighter planes and even air shows at airports.

Warm hospitality from Chinese President Xi Jinping continued right up to the summit.

The royal cavalry escorted Xi’s car and was met by Crown Prince bin Salman himself.

A 39 trillion won investment memorandum was also presented as a gift.

China has been selected as the lead partner for the 600 trillion won “Neom City” project, which is being promoted as a national project.

We also decided to strengthen our link with President Xi Jinping’s central external strategy, the Belt and Road Initiative.

Saudi Arabia also participates in the China-led BRI economic belt.

[시진핑/중국 국가주석]

China’s new development will bring new opportunities to Saudi Arabia and other countries around the world.”

Above all, it is noteworthy that Huawei has decided to take over the construction of the telecommunications infrastructure.

Huawei is a company that the United States has asked its allies to exit due to information leaks.

It appears to be a symbolic move for Saudi Arabia to choose China as a new partner over its longtime ally, the United States.

US President Biden has named Crown Prince bin Salman responsible for the assassination of dissident journalist Khashoggi, prompting strong opposition from Saudi Arabia.

[무함마드 빈 살만/사우디아라비아 왕세자 (7월18일)]

“Saudi Arabia has already announced an increase in production to 13 million barrels per day. They cannot afford to increase production any further.”

President Xi Jinping is making efforts to expand his influence in the Middle East by holding summit meetings with Egypt, Kuwait and Palestine one after another and promising to expand cooperation.

This is Lee Hae-in from Beijing for MBC News.

Video Editing: Lee Jeong-geun

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