On the afternoon of July 9, Yin Yong, Mayor of Beijing, met with Yasir Othman Al-Rumayyan, Governor of the Public Investment Fund (PIF), Saudi Arabia.

Yin highlighted that the huge Chinese market, with a vibrant innovation scene, presents numerous investment opportunities. As the capital of China, Beijing serves as the national political center, cultural center, center for international exchanges, and center for sci-tech innovation. In recent years, the city has been advancing the “two zones” initiative to foster a market-oriented, law-based, and accessible business climate in keeping with international standards. A series of reform and opening-up measures have been introduced to facilitate cross-border investment and financing, generating greater opportunities for financial institutions and enterprises from various countries to invest and expand in Beijing. He hoped that the PIF will further increase its business presence in Beijing, deepen bilateral cooperation in such fields as industrial investment, green development, and energy transition, and facilitate enterprises from both sides to engage in two-way investment for higher-level win-win outcomes. The achievements of such cooperation will contribute to the continuous development of China-Saudi Arabia relations. Beijing will improve the “service package” and “service steward” mechanisms to deliver high-quality services, helping enterprises of diverse backgrounds to thrive in our city.

Al-Rumayyan spoke highly of Beijing’s socioeconomic achievements, emphasizing the deepening economic and trade cooperation between Saudi Arabia and China in recent years. He expressed the willingness to maintain close communication and in-depth cooperation with Beijing in sustainable development, renewable energy, and other areas.

Abdulrahman Al-Harbi, Ambassador of Saudi Arabia to China, and Zeng Jin, Secretary-General of the People’s Government of Beijing Municipality, attended the meeting.