Riyadh buzzed with green energy fervor on January 10 as Saudi official Anbas Al-Kandil invited Chinese new energy leaders to invest heavily. From the Ministry of Industry and Mineral Resources, Al-Kandil underscored mutual interests in low-carbon advancements to underpin Vision 2030.
Impressed by China’s EV industry surge during a recent tour, he told Xinhua: ‘Saudi Arabia welcomes your companies for business and investments.’
CATL stole the spotlight by opening the ‘Ningde’ Service Experience Center, the Middle East’s premier new energy after-sales hub. This facility revolutionizes support for Chinese products, delivering ‘full life cycle’ services for energy storage and electric applications region-wide.
At its core, this is about economic reinvention. Saudi Arabia, long synonymous with oil, is betting big on diversification. Vision 2030 targets 130GW of renewable capacity, with Chinese partnerships accelerating timelines through proven tech and capital.
CATL’s entry is timely. As global battery demand explodes – projected to hit 3TWh by 2030 – the firm’s Riyadh base ensures seamless integration into Gulf markets. Benefits ripple: local manufacturing, training programs, supply chain resilience.
Stakeholders view it as a blueprint for success. Amid US-China frictions, Saudi neutrality attracts innovators. This could spawn factories, research parks, and export zones, blending Arabian ambition with Chinese ingenuity for a post-oil world.