Global EditionASIA 中文双语Fran?ais
Opinion
Home / Opinion / Opinion Line

Crown prince shows Saudi Arabia has an eye on the post-oil era

By Niu Song | China Daily | Updated: 2019-02-20 07:35 申博娱乐注册
Saudi Arabia's Crown Prince Mohammed bin Salman during a meeting with UN Secretary-General Antonio Guterres at the United Nations in New York on March 27, 2018. [Photo/Agencies]

MOHAMMED BIN SALMAN, first deputy prime minister and crown prince of Saudi Arabia, is visiting Pakistan, India and China. Niu Song, a researcher in Middle East studies at Shanghai International Studies University, comments in an article for Beijing News:

Mired in some thorny issues related to the West, Saudi Arabia is seeking to strengthen its interaction and relations with the three countries, and looking for opportunities for its sustainable development and economic transformation.

In Islamabad, the crown prince signed cooperation agreements and memorandums of understanding worth more than $10 billion, vowing to invest heavily in oil refining, petrochemical, renewable energy and mining industries. It is worth noting that an oil refinery to be built by Saudi Arabia is located in Gwadar Port, making it a de facto participant in the China-Pakistan Economic Corridor.

The crown prince's visits to India and China are expected to increase investment and improve cooperation in infrastructure construction and high-tech sectors with the two largest developing countries in the world.

Riyadh has attached great attention to developing relations with Beijing. It actively supports China's Belt and Road Initiative and proposes to dock its Saudi Vision 2030 development strategy with it.

Meanwhile, Pakistan, a member of the Organisation of Islamic Cooperation, is an important part of the Islamic diplomacy of Saudi Arabia, while India, which is now the world's fastest developing country, is a key part of Saudi Arabia's diplomacy and foreign cooperation.

Although Washington remains its most important strategic partner Riyadh seems to be preparing for a post-oil era, by enhancing its cooperation with other countries, which it hopes can bring about more chances to deepen cooperation with emerging economies, so as to improve its ability to withstand economic and political risks by putting its eggs in different baskets.

However, it is still too early to conclude from this that Saudi Arabia's diplomatic focus has shifted to Asia.

  
Most Viewed in 24 Hours
China stories
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
网站地图 申博游戏登入不了 777老虎机游戏登入 申博 申博
菲律宾申博在线正网官网登入 申博代理网登入 申博娱乐最新官网开户平台 太阳成菲律宾网站
百家乐真人游戏 申博太阳城现金网 申博登入网址 菲律宾太阳城申博
百家乐娱乐登入 澳门博彩公司 盛618网址 菲律宾申博娱乐
太阳城娱乐登入 申博游戏网址 澳门星际赌场 太阳城网址