Vincent Yang, the company's senior vice president, said the company aims to make strategic investments by acquiring equity, providing financial expertise and providing legal advice to leading companies in these industries. .
“The aim is to help these companies expand their presence in Saudi Arabia and ensure they can adapt to the huge market,” he said in an interview.
Ajlan & Brothers will play a key role in facilitating the entry of Chinese companies into Saudi Arabia and supporting the Kingdom's economic transformation and alignment with the Kingdom's Vision 2030 strategy to reduce dependence on fossil fuels. Fulfilling. The company has already attracted more than a dozen Chinese companies from various sectors that focus on sustainable business models that cater to government, corporate and individual customers.
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Saudi science and technology minister says China is a 'success story to emulate' during visit to Hong Kong
Saudi science and technology minister says China is a 'success story to emulate' during visit to Hong Kong
These include electronics manufacturer Chint, gold miner Chifeng, courier giant SF International, and smart pharmacy solutions provider Shanghai General Healthy.
Ajlan, which manufactures textile products at factories in China and exports clothing to Saudi Arabia, has been entering the Chinese market since 2002, when it opened a factory in Suzhou in eastern Jiangsu province. The following year, a new textile factory was established in Zaezhuang City, Shandong Province.
The company began diversifying its business in China in 2017 with the aim of attracting top Chinese companies to Saudi Arabia.
Yang said the conglomerate's commitment and investment underpins the world's second-largest economy, which faced challenges in 2022 amid supply chain disruptions and crippling restrictions due to the coronavirus pandemic. It is said that it has become. He said Ajlan & Brothers is confident in China's potential and resilience, as well as the investment potential of China's existing companies.
Chinese companies are also finding business opportunities in the Mena (Middle East and North Africa) region, which has a large population and rich mineral resources. Ajlan & Brothers is currently in discussions with several companies and hopes to make an announcement in the near future, Yang said.
