Vice President Wang Yuyuan expressed gratitude to Consul General ABDULLAH BIN ABIYAH and his delegation for attending the online meeting, briefly introducing the overall situation and core preferential policies of Hainan Free Trade Port construction, as well as some key international economic and trade exchange activities organized by CCPIT Hainan Sub council. Vice President Wang stated that the trade between Hainan and Saudi Arabia has grown rapidly, with a total import and export volume of 3.235 billion yuan in 2022, a year-on-year increase of 79.2%; From January to November 2023, the import and export volume of service trade reached 41.824 billion yuan, a year-on-year increase of 31.37%; The potential for cooperation between Hainan and Saudi Arabia is enormous. We hope that both sides can strengthen cooperation, jointly promote more enterprise visits, and promote more trade and investment cooperation. We invite the Saudi Consulate in Guangzhou to organize Saudi Arabian enterprises to visit and inspect Hainan, and share the business opportunities of Hainan Free Trade Port.

Consul General ABDULLAH BIN ABIYAH expressed gratitude to CCPIT Hainan Sub council for their efforts in promoting economic and trade exchanges with Saudi Arabia. The Saudi Consulate General in Guangzhou is willing to provide assistance in establishing a good working relationship between CCPIT Hainan Sub council and Saudi counterparts. Welcome CCPIT Hainan Sub council to organize Hainan enterprises to conduct economic and trade exchanges in Saudi Arabia. We hope that through the CCPIT Hainan Sub council delegation's trip, Saudi enterprises can gain a deeper understanding of the relevant preferential policies, construction status, and trade and investment opportunities of Hainan Free Trade Port. The Saudi Consulate in Guangzhou will provide corresponding assistance for the CCPIT Hainan Sub council economic and trade delegation's visit.

 

Both sides also had in-depth exchanges on industrial development and cooperation areas of bilateral concern.

Minister Li Pinggong of the International Liaison Department and Secretary General Xing Gucun of the Hainan International Chamber of Commerce accompanied the meeting.