Recently，In the Saudi Garden City of Riyadh，Grand Opening Ceremony of XCMG Saudi Subsidiary，Deputy Minister of Investment and Trade of Saudi Arabia、Hebti, Deputy Minister of Investment Development，Xie Qinsheng, Public Counsellor of the Economic and Commercial Office of the Chinese Embassy in Saudi Arabia，Xuzhou Mayor Wang Jianfeng，XCMG President Lu Chuan and other leaders and more than 200 customers、Guests attended the event。

As the first Chinese construction machinery manufacturer to enter the Saudi market，After years of development, XCMG，It has not only established a close partnership with the local government, but also established a close partnership with the local government.，It also uses high-quality products and efficient services that meet the needs of the Saudi market.，Win the trust of customers。

The establishment of the Saudi subsidiary of XCMG，On the basis of previous developments,，Establish a more perfect sales and service network system，Promote the integration of XCMG into the local development of Saudi Arabia。

Deputy Minister of Investment and Trade of Saudi Arabia、Hebti, Deputy Minister of Investment Development, delivered a speech.

“Since the establishment of diplomatic relations between China and Saudi Arabia in the last century,，The relationship between China and Saudi Arabia has developed steadily.，Cooperation in various fields has yielded fruitful results.。Especially since the launch‘Vision 2030’Since，Saudi Arabia Intensifies Socio-Economic Reform，New policy、New measures are constantly landing.，Society is becoming more and more open，Business environment continues to improve，The economic diversification plan is also being implemented steadily.。”

At the opening ceremony，Vice Foreign Minister Hebti looked forward to the bright future of China-Saudi Arabia cooperation.。He said，In recent years，Chinese enterprises represented by XCMG，Actively participate in the economic development and construction of Saudi Arabia and the Middle East countries，Xugong has also become a bridge and link to enhance the friendship between the two peoples.。

Xie Qinsheng Gongshen、Vice Minister Hebti and other leaders jointly cut the ribbon for the Saudi subsidiary of XCMG

In recent years，China“The Belt and Road”Initiative and Saudi Arabia“Vision 2030”Strategic docking is increasingly strengthened.，The two countries are engaged in economic and trade.、Capacity、Finance、Cooperation in infrastructure construction and other fields has been developing in depth.，The level of cooperation has been continuously improved.。Xugong is a bright business card of China's equipment manufacturing in the world.，Investment in the Saudi market，It further demonstrates the determination and confidence of Chinese enterprises to go out.，It has also injected new vitality into the economic and trade cooperation between China and Saudi Arabia.。

Saudi Red Sea Project、DGDATourist area project、NEOMNew Town Project......More than 20 years of deep cultivation in Saudi Arabia market，Xugong is playing an increasingly important role in boosting local economic development.。

Speech by Lu Chuan, President of XCMG

Lu Chuan said，As the first Chinese construction machinery enterprise to go abroad to the world,，Xugong has been exported from the initial trade.“Walk out”Phases，Enter the localization of deep ploughing“Walk in”Phases，Export of products has been formed.、Build factories overseas、Cross-border mergers and acquisitions and global collaborative R & D“Four in one”International Development Model。

“Internationalization is the main strategy of XCMG，We are steadfast in this.。XCMG will uphold‘High-end、Intelligent、Greening、Service-oriented、Internationalization’The concept of industrial transformation and upgrading，Constantly consolidate the marketing channel network，Improve service level in an all-round way，Create value for customers in Saudi Arabia and countries in the West Asia and North Africa region、Help succeed！”

Xuzhou Mayor Wang Jianfeng presents awards to local strategic partners of XCMG

Zang Xiaopeng, Director of Xuzhou Economic and Technological Development Zone Management Committee, presented awards to outstanding distributors of XCMG

Xuzhou Mayor Wang Jianfeng said.，After years of joint efforts，Economic and trade exchanges between Xuzhou and Saudi Arabia have become increasingly close.、Deepening exchanges and cooperation，Next step，Xuzhou will be further enlarged“The Belt and Road”Advantages of important node cities，Actively seize overseas market opportunities，Actively participate in the joint construction of China and Saudi Arabia“The Belt and Road”Cooperation，Closely around promoting high-quality development of foreign trade and providing excellent services、Strong confidence，Let the enterprise“Walk out”The pace is more steady.、Be more confident，Opening up a New Practice of Xuzhou's Modernization Construction in the New Development Pattern。

China-Saudi Arabia Cooperation in the New Era，XCMG will take the opening of its Saudi subsidiary as an opportunity，Continuously expand the layout of regional deep ploughing，Promoting green and low-carbon transformation of products，Give full play to the advantages of industrial chain integration，Win-win with local partners，High-quality participation in China-Saudi Arabia co-construction“The Belt and Road”Cooperation，Help Saudi Arabia push forward“Vision 2030”And“National Transformation Plan”，Opening a new chapter of mutually beneficial cooperation between China and Saudi Arabia。