On December 12, the China-Saudi Investment Forum, hosted by the Saudi Ministry of Investment, was held in Beijing. The forum gathered over 1,500 representatives from the governments, enterprises, and financial institutions of both China and Saudi Arabia to engage in high-level dialogue and industry communication regarding the alignment of China’s Belt and Road Initiative with Saudi Arabia’s Vision 2030.
Ms. Su Jing, President of Xingji Meizu Group, attended the forum as an important representative of Chinese enterprises. She shared her views and offered suggestions on key issues such as investment opportunities and development prospects that are of mutual concern.
China is the largest trading partner of Arab countries, and the China-Saudi Investment Forum aims to strengthen the strategic partnership between China and Saudi Arabia in the fields of economy, investment, and trade within the framework of Saudi Arabia's Vision 2030. The trade and investment cooperation between the two countries has achieved remarkable results against the backdrop of the deep alignment of China’s Belt and Road Initiative and Saudi Arabia's Vision 2030. In 2022, trade between China and Saudi Arabia exceeded $116 billion, representing a growth of over 30% from the previous year. Thanks to the collaborative efforts of the Belt and Road Initiative and the steady development of bilateral relations, cooperation between China and Saudi Arabia continues to expand in various areas, including trade, investment and financing, construction, energy, and new technology development, providing sustainable development opportunities for numerous enterprises.
Saudi Minister of Investment Khalid Al-Falih stated at the forum, “China has become a reliable partner for Saudi Arabia in achieving the strategic framework of the Vision 2030 and the roadmap for future development. Saudi Arabia is currently working hard to catch up with the global wave of clean energy transition, providing opportunities for China, a leader in the new energy sector, to increase investments and participate in renewable energy development in the region.” This indicates a renewed emphasis on the mutual engagement between Middle Eastern capital and Chinese companies. On one hand, departments representing Middle Eastern governments, such as the Saudi Ministry of Investment, are actively welcoming Chinese enterprises to establish a presence, assisting in local energy transitions and infrastructure construction. On the other hand, sovereign wealth funds from the Middle East are accelerating their investments in mainland China, aiming to use China as a base to expand their investment footprint in Asia.
As a company focused on leveraging technology for social development, Xingji Meizu Group has always been at the forefront of the intelligent mobility sector. Ms. Su Jing, President of Xingji Meizu Group, mentioned that the company has completed a total of 2 billion RMB in angel and A-round financing this year, with a post-investment valuation exceeding 10 billion RMB. This reflects the capital market's high recognition and confidence in the company's strength, the sector it operates in, and its development prospects. In the future, Xingji Meizu Group hopes to strengthen collaboration with partners in Saudi Arabia and the broader Middle East region, sharing development opportunities in areas such as smart vehicles and renewable energy.
Currently, Xingji Meizu Group has established a presence in smart phones, smart vehicles, XR technology, self-developed operating systems, and wearable devices. The company has released several significant products, including the Meizu 21 flagship smartphone, MYVU AR smart glasses, the FlymeOS ecosystem, and the new "Flyme Link" solution for seamless mobile-vehicle integration, demonstrating a robust industry structure and first-mover advantage.