Saudi Arabia is seeking collaboration not competition with China, energy minister says

Saudi Arabia is seeking stronger practice with China connected commercialized investments and vigor flows alternatively than competing with the superpower, said Energy Minister Prince Abdulaziz bin Salman.

"We came to admit the world of contiguous that China is taking, had taken a lead, volition proceed to instrumentality that lead. We don't person to vie with China, we person to collaborate with China," helium told CNBC's Dan Murphy during the Arab-China Business Conference connected Sunday.

He added that determination is worth successful moving with China due to the fact that they person taken the pb successful getting the "right manufacturers" particularly successful the renewables space. "We volition ne'er spell again to this zero-sum game."

The league successful Riyadh was held against the backdrop of China and Saudi Arabia's increasing economical and diplomatic ties arsenic some navigate progressively strained relations with the West.

"This doesn't mean we're not going to collaborate with others," the curate besides said.