Saudi Arabia (hereinafter referred to as Saudi Arabia) is located at the intersection of Asia, Europe and Africa. It is the largest economy in the Middle East. As an oil power in the hinterland of the Middle East, it has actively promoted economic diversification and transformation under the guidance of the Saudi Arabia Vision 2030 in recent years. The deepening of global economic integration and regional cooperation has prompted the Saudi government to increase investment in non-oil industries. Saudi Arabian Industry and Mineral Resources announced that the estimated value of Saudi Arabia's undeveloped mineral reserves has increased from US$1.3 trillion in 2016 to US$2.5 trillion, an increase of about 90%.

There is a bright prospect for China-Saudi Arabia cooperation in the mining sector. Saudi Arabia is rich in mineral resources, but the development level is low. In order to make full use of these resources, create new growth points and employment opportunities, and achieve economic diversification, Saudi Arabia will actively seek cooperation opportunities. Saudi Arabia is taking a series of measures to simplify investment procedures and improve the investment environment. China is welcome to increase investment in Saudi Arabia's mining sector.