On December 10th, during his visit to China to attend the "Future Investment Initiative" PRIORITY Summit, Saudi Investment Minister Khalid al-Falih met with Zhu Gongshan, Chairman of GCL Group, after his meetings with Jin Zhuanglong, Minister of Industry and Information Technology, and Wang Wentao, Minister of Commerce. The meeting with Zhu focused on deep discussions about the strategic cooperation matters, including the establishment of GCL's FBR project in Saudi Arabia.

 

Khalid al-Falih stated that in the current rapidly evolving international society and economy, and the complex geopolitical landscape, how Asia, led by China, influences and drives global development has increasingly become a global focus. The international community is fully entering the era of carbon, digitalization, and AI, where new energy and digitalization will redefine Globalization 2.0. The Saudi government and the Saudi Public Investment Fund (PIF) place great importance on green new energy and high-tech materials industry cooperation with GCL, hoping to continuously expand exchanges and cooperation, actively align strategies, and achieve mutually beneficial development.

 

Al-Falih expressed that GCL is a trustworthy strategic partner for the Saudi government. Saudi departments will fully support GCL's investment and cooperation in Saudi Arabia, accelerating the establishment of the Saudi FBR base in collaboration with GCL and the PIF, with the aim of starting construction and production at the earliest. Additionally, both parties plan to establish a special task force for the GCL Saudi project to ensure all-weather service and guarantee early project implementation and production, thus providing more green and low-carbon energy for Saudi Arabia and the Middle East region.

 

Zhu Gongshan noted that with the deepening of China's "Belt and Road" initiative, it presents a once-in-a-lifetime strategic opportunity for China's new energy industry in Saudi Arabia and the Middle East, highlighting the importance of global interconnectivity. Currently, GCL Group is accelerating its internationalization process. GCL is willing to work with Saudi counterparts, relying on advantages in technology, innovation, and talent, and leveraging the unique advantages of GCL's FBR and other "black technologies" in energy saving and carbon reduction to provide inexhaustible green silicon-based energy, contributing to Saudi Arabia's energy transformation.

 

Leaders from the Saudi Investment Ministry and Lan Tianshi, Co-CEO of GCL Technology, also attended the aforementioned event.