Shanghai Mayor Gong Zheng meets with Saudi Investment Minister Khalid Al-Falih.

Shanghai released an official WeChat message, stating that the Mayor of Shanghai, Gong Zheng, met with Saudi Investment Minister Khalid al-Falih and his delegation today. Gong Zheng stated that this year marks the 35th anniversary of the establishment of diplomatic relations between China and Saudi Arabia, and the comprehensive strategic partnership between the two countries has reached a new level. Shanghai attaches great importance to friendly exchanges with Saudi Arabia, and the two sides have become good partners in mutually beneficial cooperation. As China's largest economic center city, Shanghai has always been one of the most favored investment destinations for foreign enterprises and a preferred location for the global industrial supply chain layout of multinational corporations. Both sides are looking forward to further cooperation in creating new highlights in areas such as digital economy, green development, artificial intelligence, electric vehicles, finance, trade, and professional services. In the field of economic and trade investment, it is hoped that the Saudi government will support more companies to invest and establish businesses in Shanghai and create more opportunities for Shanghai enterprises investing in Saudi Arabia. In the field of green and low-carbon development, efforts will be continued to increase green energy supply, cooperate in low-carbon technology, and help Shanghai achieve its goals of "carbon peaking" and "carbon neutrality". At the same time, more Saudi companies are welcomed to actively participate in the China International Import Expo (CIIE). Shanghai will continue to create a first-class business environment that is market-oriented, rule of law, and internationalized, supporting the development of various types of entities.