Saudi Arabian Businessman Visits West ChinaPresident of the Shamrany Group of Saudi Arabia Al Shamrany reached 20 cooperation agreements with Chinese enterprises during his visit to Gansu province in west China.The projects include electricity, tyre plastic weaving, railway reconstruction, oil drilling equipment, labor, desert control and high technology. One of the projects is a power grid. The Saudi Arabian company agreed to invest US$ 30 million in the construction of this power grid. Shamrany said he is considering to set up a branch company in Gansu and help local Chinese enterprises to enter the Saudi Arabia market. Shamrany concluded his visit to Gansu Wednesday which started on the July 27. |
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