On September 20, 2023, the Chairman of Zhonghuan International was invited to Beijing for a meeting with Khalid Al-Salem, the Chairman of the Royal Commission for Jubail and Yanbu in Saudi Arabia, and members of the delegation.

Big Moment, High Recognition

During the meeting, both parties had an in-depth discussion on Zhonghuan's investment layout in the global and Saudi Arabian circular economy industries, as well as localized production, research and development, and collaboration in related fields. The delegation from the Royal Commission listened to Zhonghuan's industrial planning and strategic layout, and expressed their expectations for cooperation. Chairman Al-Salem expressed his hope to establish a local circular economy industry park in Saudi Arabia through cooperation with Zhonghuan, promoting continuous innovation and development of local industries. Chairman Miao expressed gratitude for Al-Salem's attention and support, and hoped that Zhonghuan would assist in the rapid development of Saudi Arabia's circular economy and low-carbon industries through comprehensive cooperation, contributing to the realization of Saudi Arabia's Vision 2030.

In recent years, several Arab countries have formulated long-term development strategies that align with the Belt and Road Initiative. The shared desire for common development between China and Arab countries has provided more opportunities for future investment cooperation between the two sides. Zhonghuan is actively advancing in this era of opportunities and will subsequently promote the implementation of multiple green and low-carbon projects in Saudi Arabia, including comprehensive utilization of metallurgical slag and dust, green ironmaking, tire pyrolysis, waterproof materials, seawater bromine extraction, secondary aluminum ash disposal, and red mud disposal. This will further deepen its involvement in the entire industry chain of the circular economy, facilitate the implementation of more high-quality cooperative projects, and promote the achievement of fruitful results in Sino-Saudi cooperation.

Capacity Contribution, Strength of Zhonghuan

As the only invited corporate representative, Zhonghuan's meeting with Chairman Al-Salem and government representatives is a recognition of its contributions in Sino-Saudi industrial capacity cooperation over the years. Chairman Al-Salem expressed strong support for Zhonghuan, which will serve as a powerful backing for Zhonghuan's contribution to Saudi Arabia's rapid development and industrial upgrading. In the future, Zhonghuan will actively participate in the construction of low-carbon and green development and circular economy systems in Saudi Arabia and the Arab region, assisting in the green upgrading and transformation of Saudi Arabia and contributing Zhonghuan's strength to the realization of a global community with a shared future for mankind.

Introduction to the Royal Commission for Jubail and Yanbu

The Royal Commission for Jubail and Yanbu (RCJY) is the core management committee established by the Saudi government to develop a diversified economy, reduce the impact of sole reliance on oil exports on the national economy, enhance production and research and development capabilities in the fields of oil, gas, and petrochemicals, and promote rapid development in various industries such as commerce, light industry, machinery and equipment manufacturing, education, and scientific research. It governs four industrial cities: Jubail, Yanbu, Jizan, and Ras Al-Khair, and manages 2/3 of industrial investments in the Gulf countries. The Royal Commission is also one of the shareholders of Saudi Silk Road Industrial Services Company, the main implementing body of Sino-Saudi industrial capacity cooperation projects.

Introduction to the Chairman of the Royal Commission for Jubail and Yanbu

Khalid bin Mohammed bin Abdulrahman Al-Salem, the Chairman of the Royal Commission for Jubail and Yanbu (RCJY), previously worked at the Saudi Basic Industries Corporation (SABIC) responsible for technology development, performance improvement, factory startups, and customer support, accumulating over 22 years of work experience. He currently serves as the General Manager of the Saudi Authority for Industrial Cities and Technology Zones (MODON). Additionally, he previously served as the rotating Chairman of Saudi Silk Road Industrial Services Company.