Saudi Arabia has announced a series of major investment deals with China and other Arab countries at the Arab-China summit held in Riyadh on Monday.

The deals cover various sectors, including energy, infrastructure, trade, and technology. The summit aimed to strengthen the strategic partnership between China and the Arab world, as well as to promote regional stability and development.

Saudi Crown Prince Mohammed bin Salman said that the summit was a historic opportunity to enhance cooperation and mutual benefits for both sides.

He also praised China’s role in supporting the Arab causes and interests, especially on the Palestinian issue. China’s President Xi Jinping, who addressed the summit via video link, said that China and the Arab countries were natural partners and should work together to build a community of shared future.

He also expressed China’s willingness to provide vaccines and medical assistance to the Arab countries to fight the COVID-19 pandemic. The summit was attended by leaders and representatives of 21 Arab countries and organizations, as well as the secretary-general of the Arab League.