Sabatco + Chinese firm to set up rolling stock plant in KSA: The inaugural day of the 10th Arab-China Business Conference saw the signing of a USD 250 mn agreement between Saudi rolling stock maintenance outfit Sabatco and China’s state-owned rolling stock manufacturer CRRC,Saudi Press Agency (SPA) reported. The agreement — facilitated by the kingdom’s investment ministry — looks to line up local production of railway vehicles and wheels for the kingdom.

The 10th Arab-China Business Conference kicked off in Riyadh on Saturday to the tune of USD 10 bn in new investments in sectors like mining, renewables, tech, tourism and healthcare, Saudi Press Agency (SPA) reported. The conference saw officials discuss boosting cooperation between Saudi Arabia and China on aviation, logistics, infrastructure and supply chains, SPA said separately (here and here).

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