ECZA
Oct 2023
Article

ECZA DELEGATION TOURS CHINA’S PROMINENT INDUSTRIAL FACILITIES RND, SEZs AND MEETS POTENTIAL INVESTORS

As part of its ongoing efforts to showcase investment opportunities and attract global investors, ECZA dispatched a delegation to China from September 20-24, 2023. The delegation was led by VSG – SEZ Affairs, Eng. Ali M. Almudawi, alongside DG – Business Partnerships, Eng. Mohammed Alghamdi, and the Director of Investment Attraction, Mr. Ahmad M. Alshoiby.

The ECZA delegation visited prominent industrial facilities and sites, such as IAT, Siemens Digital Empowerment Center, Tangshan Kimwan Special Carbon & Graphite Company, Changshu Switch, Kimwan Carbon Group, Suzhou Land Group HQ, the Beijing Daxing Hydrogen Zone, the Energy Vault Project in Rudong County, UWC Changshu China, Changshu High Tech Zone MOBO Collaborative Innovation Industrial Park, the compound of German companies in Taicang, China Tianying (CNTY) REFIRE Group and Jolywood

The delegation held discussions with key entities, including the Energy Investment Professional Committee (EIPC), China Tianying, Suzhou Industrial Park Administrative Committee, Golden Concord Holdings, the Municipality of Changshu, and Suzhou Land Group.

They also conducted a round-table session with prospective investors, presenting ECZA's mission and offerings and the promising investment opportunities available in Saudi Arabia's SEZs. The delegation also highlighted the investor-friendly environment and government support aligning with Vision 2030 socioeconomic transformation.

Furthermore, the delegates participated in MoU signing ceremonies, including agreements between Skytower Investments (STI) and Kimwan Carbon Group, as well as one involving the Municipality of Changshu, EIPC, STI, NCSD, and Suzhou Land Group.

The visit was successful in terms of identifying new opportunities for building strategic partnerships and encouraging prominent Chinese enterprises to consider relocating their operations to Saudi SEZs and to attract significant Chinese investments for the development of these SEZs. Over the course of the five-day visit, the delegation maintained a busy schedule of meetings and visits, generating considerable interest from the majority of the Chinese companies and institutions they engaged with.