Recently, the inauguration ceremony of XCMG's Saudi subsidiary was held in Riyadh, the garden city of Saudi Arabia. The event was attended by dignitaries including the Deputy Minister of Investment Transactions and Deputy Minister of Investment Development of Saudi Arabia, Mr. Hubti, Economic and Commercial Counsellor of the Chinese Embassy in Saudi Arabia, Mr. Xie Qinsheng, Mayor of Xuzhou City, Mr. Wang Jianfeng, President of XCMG Machinery, Mr. Lu Chuan, and more than 200 clients and guests.

As one of the earliest Chinese construction machinery manufacturers to enter the Saudi market, XCMG has developed close partnerships over the years. Through high-quality products and efficient services tailored to the Saudi market's needs, XCMG has earned the trust of its customers. The establishment of XCMG's Saudi subsidiary will further enhance the existing sales and service network, contributing to XCMG's integration into Saudi Arabia's local development.

During the opening ceremony, Deputy Minister Hubti expressed optimism about the future of Sino-Saudi cooperation. He noted that in recent years, Chinese enterprises, represented by XCMG, have actively engaged in the economic development and construction of Saudi Arabia and other Middle Eastern countries. XCMG has become a bridge and link for enhancing friendship between the two peoples.

In recent years, the alignment between China's "Belt and Road" initiative and Saudi Arabia's "Vision 2030" strategy has grown stronger. Cooperation between the two countries in fields such as economy, trade, capacity building, finance, and infrastructure construction has deepened, and the level of collaboration continues to rise. XCMG, as a prominent representative of Chinese equipment manufacturing globally, has invested in the Saudi market, showcasing China's determination and confidence in its outbound enterprises. This move injects new vitality into Sino-Saudi economic and trade cooperation. 

Facing the new era of Sino-Saudi cooperation, XCMG will take the inauguration of its Saudi subsidiary as an opportunity to expand its regional presence, promote eco-friendly and low-carbon transformation of products, leverage the advantage of integrated industrial chains, collaborate with local partners for mutual success, actively participate in high-quality Sino-Saudi cooperation within the framework of the "Belt and Road" initiative, and support Saudi Arabia's "Vision 2030" and national transformation plan. This marks the beginning of a new chapter of mutually beneficial cooperation between China and Saudi Arabia.