China ambassador praises Saudi firms for aiding Chinese businesses expansion plans

China’s ambassador to Saudi Arabia has praised the Kingdom for helping businesses from his country expand across the globe.

Chen Weiqing made the comments during a visit to the headquarters of eWTP Arabia Capital in Riyadh, as he spoke with a range of business leaders.

eWTP Arabia Capital has formed a joint venture company with China’s Alibaba Cloud, among others, called Saudi Cloud Computing Co., with a capital of $238 million. 

Other firms involved include Saudi Telecom Company Group, and the Saudi Company for Artificial Intelligence.