China Energy Construction and Saudi Arabia’s Al Jumeirah Holding Group Sign Strategic Cooperation Memorandum
On June 16, local time, China Energy Construction and Saudi Al Jumeirah Holding Group signed a memorandum of strategic cooperation in Riyadh, Saudi Arabia, to jointly promote cooperation in investment and construction in energy, water, and infrastructure in Saudi Arabia, the Middle East, and the world, and to achieve common development. Song Hailiang, Secretary of the Party Committee and Chairman of the Board of Directors of CECC, and Sheikh Eprasin Al-Jumiah, Executive Director and Vice Chairman of Saudi Arabia Al-Jumiah Holding Group, attended the signing ceremony and delivered speeches.
Song Hailiang said in his speech that Saudi Arabia is one of the most dynamic economic centers and innovation centers in the world, and with the deep docking of the “Belt and Road” initiative and Saudi Arabia’s “2030 Vision”, China-Saudi Arabia economic and trade cooperation has ushered in new development opportunities. China Energy Construction is a comprehensive mega group of companies that provides systematic, integrated, full-cycle development solutions and services for the energy and power, and infrastructure industries in China and around the world, with substantial technical advantages and rich experience in the six areas of all-power, all-city, all-transport, all-water, all-ecology and all-digital. The Group’s professional strengths Aljumea Holdings Group has outstanding professional strength and diversification advantages. China Energy Construction will take the initiative to integrate into the “three economic forms” of green and low-carbon, digital intelligence, and sharing and integration, adhering to the principle of “the other party has demand, Energy Construction has advantages, both sides have the consensus and win-win cooperation”, taking the signing of this cooperation agreement as an opportunity to innovate cooperation mode We will take the signing of this cooperation agreement as an opportunity to innovate the way of cooperation, strengthen communication and docking, jointly explore the Middle East and global markets, and achieve breakthroughs in the investment and construction of photovoltaic, green hydrogen and ammonia, energy storage, gas-fired power plants, seawater desalination, and sewage treatment, to add new impetus to the construction of “One Belt, One Road” by China and Saudi Arabia.
The signing of this cooperation agreement is an important milestone in the development of the relationship between the two sides, and will give a strong impetus to future cooperation in the field of renewable energy and help Saudi Arabia to achieve the goal of “net zero emissions” by 2060, which is highly compatible with the vision of bilateral relations and trade cooperation between Saudi Arabia and China, said Aljumea in his speech. As a leading Saudi company and supporter of Vision 2030, Al Jumeirah Holding Group is committed to deepening and expanding its global strategic partnerships to jointly promote green and sustainable development. China Energy Construction is an important strategic partner of Al Jumeirah Holding Group, and the two sides have built up a high level of mutual trust in the cooperation of photovoltaic projects in Saudi Arabia. We hope that both sides will work hand in hand and cooperate fully further to expand multi-discipline cooperation in Saudi Arabia and the world, to create more safe, reliable and green projects, to jointly address current and future energy security and climate challenges, and to achieve mutual benefits and win-win results.
Mr. Chen Xiaohua, member of the Standing Committee of the Party Committee and Deputy General Manager of China Energy Construction, Mr. Abdulrahman Barjunaed, CEO of Al Jumeirah Energy and Water Company, and heads of relevant units and departments of both sides attended the meeting.
