Year-ender: 10 noteworthy economic stories in 2022

China-Arab ties elevated to new heights

During the first China-Arab States Summit in Riyadh, the capital of Saudi Arabia, on December 9, 34 investment agreements in sectors such as energy, information technology, cloud technology, transportation, logistics, pharmaceuticals, and housing and construction were signed, signaling the emergence of a new era of collaboration between China and the Arab states.

Meanwhile, the leaders of both sides mapped the course for future cooperation, strengthened bilateral ties, and solidified their accord on significant issues, including global governance, development and security, and dialogue among civilizations.

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China-Arab cooperation in numbers