The head of the Saudi Fund for Development (SFD), Ahmed Aqeel Al-Khateeb, has expressed a strong interest in establishing direct cooperation with China. This move aims to enhance the development projects funded by the SFD in various developing countries. Al-Khateeb highlighted the potential benefits of working closely with China, given its significant contributions to infrastructure and development in many regions. This cooperation could mark a new chapter in Saudi-China relations, focusing on mutual growth and development.
Strengthening Development Projects
Ahmed Aqeel Al-Khateeb emphasized the importance of direct cooperation with China to bolster the SFD’s development projects. Currently, the SFD collaborates with China through the Asian Development Bank, but Al-Khateeb envisions a more direct partnership. He noted that China has been a key player in developing infrastructure such as airports, roads, schools, and healthcare facilities in developing countries.
Al-Khateeb believes that by working directly with China, the SFD can expand its reach and impact. He pointed out that China’s expertise and resources in infrastructure development are invaluable. This partnership could lead to more efficient and effective implementation of development projects, benefiting numerous countries.
Moreover, Al-Khateeb highlighted the complementary nature of Chinese-funded projects. He stated that the SFD looks at these projects as opportunities to learn and share information. This exchange of knowledge and experience could further enhance the quality and scope of the SFD’s initiatives.
Expanding Global Influence
The potential cooperation between the SFD and China is not just about development projects; it also reflects a strategic move to expand global influence. Al-Khateeb stressed the importance of collaboration at the national level, noting that Saudi Arabia and China can achieve more significant outcomes together. Both countries have substantial expertise and growing global influence, making them ideal partners.
Al-Khateeb mentioned that the SFD has funded over 800 projects in more than 100 countries since its establishment 50 years ago. These projects, totaling over $20 billion, have made a considerable impact on global development. By partnering with China, the SFD aims to further its mission and reach new heights.
The collaboration could also open doors for Saudi Arabia to play a more prominent role in international development. With China’s support, the SFD can undertake larger and more ambitious projects, addressing critical issues such as food security and climate change.
Future Prospects
Looking ahead, the future of Saudi-China cooperation appears promising. Al-Khateeb expressed optimism about the potential benefits of this partnership. He noted that China has made significant contributions to Africa’s development, with projects in roads, railways, electricity, and bridges. The SFD aims to leverage this expertise to enhance its own projects.
Al-Khateeb also highlighted the importance of addressing emerging global challenges. He mentioned that the SFD’s future plans include a focus on food security and climate change. By working with China, the SFD hopes to develop innovative solutions to these pressing issues.
In conclusion, the direct cooperation between the Saudi Fund for Development and China represents a strategic move to enhance global development efforts. This partnership has the potential to bring about significant positive changes, benefiting numerous countries and addressing critical global challenges.
