Jiang Zemin met King Fahd and Crown Prince Abdullah

Nov 03, 1999 01:00 AM

Concluding a two-week international tour, Chinese President Jiang Zemin was headed home after wrapping up his first visit to Saudi Arabia with agreements on oil and economic co-operation. During his four-day trip in the Arab country, Jiang met with King Fahd and Crown Prince Abdullah, who has handled the kingdom's affairs since King Fahd suffered a stroke in 1995.
"The two sides expressed their desire to continue economic co-operation and investment in the field of oil," a joint statement said. The officials also discussed regional developments and bilateral relations, it said. Jiang, the first Chinese leader to visit the kingdom, was accompanied by a senior delegation that included Vice Premier Qian Qichen, Foreign Minister Tang Jiaxuan and State Development Planning Commission Director Zeng Peiyan.
The entourage also included a group of Chinese industrialists. They met earlier with Saudi businessmen to discuss investment opportunities in both countries. The two sides talked about expanding their rapidly growing trade ties and signed agreements on co-operation in oil, economy and the media, the official Saudi Press Agency reported.
Jiang discussed the construction of a $ 1 bn refinery and petrochemicals complex in southern China that would use Saudi oil, a Saudi official said.

Although China and Saudi Arabia established ties only in 1990, the kingdom has become China's largest trading partner in the Middle East, with trade reaching $ 880 mm in the first half of 1999.

Source: AP
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