https://arab.news/n4tvc
RIYADH: Digital technology, advanced manufacturing, and logistics are among the Saudi sectors set to benefit from an $80 million investment partnership between ewpartners and Chinese industrial hub Tianjin Binhai New Area.
Formalized in the presence of the Kingdom鈥檚 Public Investment Fund and its fund-of-funds platform Jada at the Future Investment Initiative conference in Riyadh, the move aims to introduce mature Chinese industrial projects and technologies into 海角直播 and the wider Gulf region.
This partnership directly supports Saudi Vision 2030 by leveraging Tianjin Binhai鈥檚 capabilities in alternative energy, smart manufacturing, and port logistics, combined with ewpartners鈥� network and investment expertise in the Middle East, according to a press release.
Jada CEO Bandr Mohammed Al-Homaly said: 鈥淛ada is committed to building a vibrant private capital ecosystem in 海角直播, for example through bridging global expertise with local opportunities.鈥�
He added: 鈥淭he momentum we see from the partnership between ewpartners and Tianjin Binghai New Area, across logistics and technology for instance, reflects our shared dedication to Vision 2030 and to building a thriving private capital ecosystem in the Kingdom.鈥�
The goal is to accelerate industrial upgrading, enhance local supply chains, and strengthen the Kingdom鈥檚 manufacturing competitiveness.
Wu Di, vice chairman of the Administrative Commission of Tianjin Binhai Hi-tech Industrial Development Area, said: 鈥淲e look forward to leveraging Tianjin鈥檚 strengths in smart manufacturing, technology, and port logistics to deepen cooperation with 海角直播 and the Middle East, and to build a long-term, open, and mutually beneficial international partnership.鈥�
Jerry Li, co-founder and managing partner of ewpartners, said the partnership is not just about connecting capital鈥� but bringing together industries and innovation capabilities.
He added:: 鈥淭hrough this fund, we aim to bring China鈥檚 proven expertise in manufacturing and technological innovation to the Middle East, driving high-quality regional development.鈥�
The fund marks a strategic step in strengthening industrial and investment ties between Asia and the Middle East, positioning 海角直播 as an emerging global hub for cross-border industrial cooperation.