Tag: Saudi Arabia
China takes advantage of US hesitancy with Saudi Arabia
Saudi Arabia saw a significant decline in foreign investments from long-time allies like the United States from 2020 to 2021, prompting the Gulf Kingdom to turn its eyes east to China. In fact, Saudi Aramco announced last week the establishment of a “Non-Metallic Excellence and Innovation Center” (NEXCEL) in the Chinese capital, Beijing, which will promote an alternative to metal in construction projects. …