(Abu Dhabi Bloomberg) The Middle East Gulf countries are worried about the prospects of long -term security partnerships in the United States, and they are using its wealth to deepen their connection with China.The acquisition and investment amount of enterprises in the Gulf area surged by more than 1,000%year -on -year.
According to Bloomberg, after the Chinese official chairman participated in the first China-Gulf National Summit held by Liade last December, economic exchanges between China and Saudi Arabia and the UAE have been accelerating, and it has far exceeded the scope of crude oil procurement.Essence
The companies that may benefit from the next few months include the Chinese agricultural technology giant Syngenta Group.The group is planning to conduct first public offering of $ 9 billion (S $ 11.9 billion) in Shanghai.
A person familiar with the matter revealed that the investment consultant of the Shengzhengda Group has been negotiating with the Middle East Sovereign Fund, including the Abu Dhabi Investment Bureau and the Saudi Arabic Public Investment Fund, hoping that they will become the cornerstone investors.
According to data compiled by Bloomberg, the acquisition and investment amount of companies in Gulf regional companies increased by more than 1,000%year -on -year to $ 5.3 billion.Data show that the number of such transactions will hit a new high this year.
Some sources said that the $ 280 billion Abu Dhabi sovereign wealth fund Mubadala Investment CO is stepping up its business in China to find investment opportunities.After the UAE held a roadshow in China, Chinese companies set up companies in the Dubai commodity duty -free zone increased by 24%.
In addition, officials of Yathon said that in Saudi Crown Prince Mohammed's "2030 Vision" economic and social transformation plan, China will be an indispensable partner.
The close relationship between the Middle East and China has also extended outside the economy.In March of this year, Saudi Arabia and Iran's two enemies decided to resume diplomatic relations under the mediation of China.
Some US officials are worried that China's increasing influence in the Middle East may pose a threat to the long -term interests of the United States.
