'2023 Saudi (Jazan) Special Investment Promotion and Exchange Conference' is hosted by the Guangzhou Development Zone Management Committee and Huangpu District People's Government. It is organized by the Development and Reform Bureau of Guangzhou Development Zone, the Investment Promotion Bureau of Guangzhou Development Zone, Guangzhou High-tech Zone Investment Group Co., Ltd., and Guangzhou High-tech Zone Modern Energy Group Co., Ltd. It is co-organized by Saudi Silk Road Industrial Service Co., Ltd. and Guangzhou Wisdom Chain Technology Co., Ltd. (IBUYCHEM).

Huangpu District Deputy Party Secretary Chen Zhiyong, representing Huangpu District, delivered a welcome speech. He expressed that Guangzhou Development Zone and Huangpu District are among the most powerful, dynamic, and profitable regions in the country. With rich experience in attracting investment and park construction, the five major hundred-billion-level industrial clusters and three major fifty-billion-level industrial clusters in these two areas will lay a solid foundation for Sino-Saudi capacity cooperation.

Chen Zhiyong, Huangpu District Deputy Party Secretary

Navaf Al-Wad, General Manager of the Investment Department of the Royal Commission at Jazan, stated: ‘Saudi Arabia has been steadfast in implementing the '2030 Vision' strategy in recent years, and its economic development has been rapid. The Jazan Royal Commission is fully committed to assisting Chinese investors in settling down and providing services to companies that choose to establish a presence here.’

General Manager of the Investment Department of the Royal Commission at Jazan

Seize the opportunities and venture going global together

The China-Jazan Industrial Agglomeration Zone in Saudi Arabia is located within the Jazan Industrial City. It adheres to the development strategy of ‘prioritizing infrastructure, industrial clusters, urban-industry integration, and green low-carbon initiatives.’ With a planned area of 32 square kilometers, it focuses on the development of industries such as steel, petrochemicals, silicon, and shipbuilding services.

Li Zhe, the General Manager of Saudi Silk Road Industrial Services Co., Ltd., stated that the China-Jazan Industrial Agglomeration Zone in Saudi Arabia has essential supporting facilities such as the Jazan Commercial Port, desalination plant, and refinery. It combines the eight pillar industries of the Guangzhou Development Zone and the existing industrial plans of Jazan Industrial City. The agglomeration zone aims to develop six dominant industries: metal smelting and processing, green energy, petrochemicals, offshore wind energy equipment, smart homes, and white goods appliances. It also plans to construct multiple distinctive industrial parks within the zone.

Li Zhe, the General Manager of Saudi Silk Road Industrial Services Co., Ltd.

Jensen Wake, Chairman of the Royal Commission at Jazan, stated that Jazan has abundant wind, solar, oil, gas, and metal mineral resources, along with significant cost advantages in production. In order to promote diversified economic development, Jazan has established an economic zone and implemented a series of preferential policies in terms of loans, taxation, and labor, aiming to provide comprehensive services for foreign investors.

First Mover Advantage and First Strike Advantage

During the ‘Investing in Saudi Arabia’ Experience Sharing Forum, David Guo, Honorary Foundation President of the  Canton Chamber of Commerce in K.S.A. and the Chairman of Guangzhou Wisdom Chain Technology Co., Ltd. (Ibuychem), expressed that Saudi Arabia is a market with enormous potential. Ibuychem is actively assisting in promoting investments and inspections from advanced manufacturing companies in China to the Jazan Economic City Industrial Park in Saudi Arabia. Currently, they are closely communicating with several large-scale factories in Jiangsu, Fujian, and Zhejiang provinces that specialize in advanced production processes for food, pharmaceuticals, and photovoltaic energy films, regarding project investment calculations. Additionally, IBUYCHEM has invited nearly 40 advanced enterprises in the fine chemical and new materials industry chain to participate. Ibuychem will facilitate their entry into Saudi Arabia, helping Saudi Arabia build a more complete industrial chain and enhance industrial depth and breadth.

 

David Guo, Honorary Foundation President of the  Canton Chamber of Commerce in K.S.A. ，the Chairman of Guangzhou Wisdom Chain Technology Co., Ltd. (IBUYCHEM)

In order to adapt to the characteristics of the Saudi and Middle Eastern markets and optimize the implementation measures and plans, the IBUYCHEM team has conducted numerous domestic and international visits and inspections. They have engaged in in-depth discussions and negotiations with the management team of Sinopec Chemical Sales Company and the Saudi Ministry of Energy, achieving positive cooperation results.

IBUYCHEM has accumulated abundant resources in serving China's manufacturing industry in the field of Industrial Internet, and has gained sufficient experience in providing overseas services in Southeast Asia. Leveraging Saudi Arabia's advantages in energy, petrochemicals, mineral resources, and its strategic location as a hub connecting Asia, Europe, and Africa,  IBUYCHEM will utilize Internet technology and digitization to drive and assist advanced manufacturing, fine chemicals, new materials, and equipment manufacturing enterprises from China. They aim to achieve integration of trade, mature technologies, process formulations, and production capacity, enabling these enterprises to expand their presence globally. By following the national Belt and Road Initiative,  IBUYCHEM aims to explore and establish a global footprint, contributing to the process of globalization.

IBUYCHEM will also collaborate with CITIC Securities, as well as the fine chemicals and new materials industry funds under China National Chemical Corporation (ChemChina), including the Belt and Road Fund. These partnerships will provide integrated investment and financing services, supporting advanced manufacturing industries in areas such as scientific research, process formulation, optimization of raw materials, and industrial production. IBUYCHEM will offer professional consulting, decision-making support, and coordinated investment and lending services, facilitating the expansion of domestic enterprises overseas and the entry of foreign enterprises into the Chinese market. Leveraging the international service capabilities and perspectives of CITIC Securities and ChemChina, IBUYCHEM will assist enterprises in their outward expansion. Additionally, they will assist potential investors like Saudi Aramco or Saudi industrial investment entities in strategically investing in domestic advanced manufacturing enterprises, promoting substantial progress in introducing foreign investments.

 

Guangzhou Wisdom Chain Technology Co., Ltd. and its platform, IBUYCHEM, will provide an investment guide for businesses and investors interested in entering the Saudi Arabian market. They will offer precise data collection, feasibility analysis services, project resource matching, investment and financing services, efficient coordination with relevant government departments, and digital cross-border marketing services for outbound expansion.

The investment guide provided by IBUYCHEM will assist interested parties with accurate data collection to make informed decisions. They will conduct in-depth feasibility analysis to evaluate the viability of investment opportunities in the Saudi market. Additionally, IBUYCHEM will facilitate the connection between investors and suitable projects, ensuring efficient resource allocation.

Furthermore,IBUYCHEM will provide comprehensive investment and financing services to support the financial aspects of investment projects. This includes assistance in fundraising, financial analysis, risk assessment, and developing tailored investment strategies.

IBUYCHEM will also establish efficient communication channels with relevant government departments to ensure smooth coordination and compliance with regulatory requirements. This proactive approach aims to streamline administrative processes and facilitate necessary approvals and permits.

Finally, IBUYCHEM will leverage digital tools and platforms for cross-border marketing, enabling businesses to effectively promote their products and services in the Saudi Arabian market. This digital approach will enhance visibility, expand reach, and facilitate business growth in the international arena.

Overall, Guangzhou Wisdom Chain Technology Co., Ltd.  and IBUYCHEM are committed to providing a comprehensive range of services to assist businesses and investors in their endeavors to enter the Saudi Arabian market, ensuring a seamless and successful investment experience.

Complementary Enhancement Drives Strength, Unlimited Prospects for Receiving

‘2023 Saudi (Jazan) Special Investment Promotion and Exchange Conference’ is of great significance in exploring investment opportunities, promoting the Belt and Road Initiative, and fostering China-Saudi cooperation. Based on proactive promotion and scientific planning, the Jazan Industrial Cluster will leverage the leading projects to become a new collaborative platform for production capacity targeting Saudi Arabia, the Middle East, the Red Sea region, and even the global market.

Three Trees, Keshun Co., Ltd., Zhuobao Technology, Fude Energy, Meitusi, Hesheng Co., Ltd., Yinying New Materials, Feiyang Junyan, CITIC Securities, Pursuit, Guangxin SteelJie, Pearl River Coatings, Global Labor Union, Huaming Qin, Longbang Energy, Ruisheng New Materials, Yingdebanshi, Hexing Chuangying, Sanshe Chemical, Li Hai Machinery, Zhongcheng Haichuang, Jiuyi Xing, Louis Shi Lan, Green Earth, Langshi Jichuang, Kaili Shijiaju, Deben Education, Qianzi Fan, and nearly forty companies have been invited by IBUYCHEM to participate in this event, and they all show great interest in the Saudi Arabia and Middle East markets. In response to strong customer demand, IBUYCHEM plans to organize a business delegation to visit Saudi Arabia from December 8th to 15th.

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