Saudi Arabia is turning to its biggest crude oil customer, China, for help in developing domestic nuclear and renewable power as the oil-rich kingdom seeks to diversify its own energy base.
Saudi Arabia may spend up to $US80 billion on nuclear power plants and $US100 billion on solar power projects between now and 2032, making the country’s energy sector one of the biggest investment opportunities in the world.
Under an agreement signed in Beijing last week, state-owned Chinese National Nuclear Corporation (CNNC) and Saudi Arabia’s energy research centre, known as the King Abdullah City for Atomic and Renewable Energy (K. A. CARE) agreed to cooperate on developing and producing nuclear and renewable energy to meet Saudi domestic demand.
The arrangement will build on a nuclear cooperation agreement reached by the two countries in 2012.
Geoff Hiscock – THE AUSTRALIAN
(Geoff Hiscock writes on international business and is the author of “Earth Wars: The Battle for Global Resources,” published by Wiley.)
On April 19, 2104, Saudi Crown Prince Salman bin Abdulaziz meet with People’s Liberation Army Deputy Chief of Staff Lt. General Wang Guanzhong to sign a contract for an unspecified amount of Pterodactyl unmanned aerial systems (aka drones). Also referred to as Wing Loong, the Chinese Mandarin word for Pterodactyl, the system is already serving in the PLA Air Force’s 32nd Division. The Verge notes that such a purchase shows how China is starting to compete with industry leaders the U.S. and Israel as a leading source of military robotics, especially since the U.S. has been hesitant to export UAS even to allies, especially armed types.
Such a deal is also another indication of how improving Sino-Saudi ties have moved beyond the realm of energy and trade to include major defense technology.
Riyadh has already purchased several battalion sets of NORINCO PLZ-45 self propelled howitzers, while Newsweek reported in January 2014 that the CIA had facilitated a 2007 sale of Chinese DF-21 intermediate range ballistic missiles to Saudi Arabia as a first strike option against Iran. The Saudis also have been reportedly interested in other modern Chinese armaments like anti-ship missiles and long range surface to air missiles.
Jeffrey Lin and P.W. Singer – Popular Science
Saudi Global Ports has awarded Beijing-based China Harbour Engineering Company an estimated SR 600 million ($160 million) contract to design and build the second container terminal at Dammam’s King Abdul Aziz port, the Saudi Gazette reported.
China Harbour Engineering Company Ltd. @United Business Fair
Chinas Ministerpräsident Wen Jiabao ist nach Saudi-Arabien gereist, um sich den Zugang zu dessen Öl-Reserven zu sichern.
China stellte im Gegenzug umfassende Investitionen in die saudische Infrastruktur in Aussicht und betonte, dass es die Kooperation mit Saudi-Arabien vertiefen wolle.
Angesichts der US-Sanktionen gegen den Iran bangt Peking, um seine Öl-Importe. Derzeit bezieht China 11 Prozent seiner Einfuhren aus dem Iran.
Wen-Jiabao will die Importe aus dem Iran nun reduzieren, auch wegen strittiger Preisvorstellungen.