XCMG's Saudi Arabian Subsidiary Inauguration!
August 29,2023
August 29, 2023, Saudi Arabia, Recently, the opening ceremony of XCMG's Saudi Arabian subsidiary was grandly held in Riyadh, the garden city of Saudi Arabia.
As one of the earliest Chinese construction machinery manufacturers to enter the Saudi market, XCMG has developed strong partnerships with the local community over the years. Through high-quality products and efficient services that meet the demands of the Saudi market, XCMG has gained the trust of its customers.
The establishment of XCMG's Saudi Arabian subsidiary will build upon its previous development and establish a more comprehensive sales and service network, further integrating XCMG into Saudi Arabia's localized development.
Since the establishment of diplomatic relations between China and Saudi Arabia, the relationship has steadily developed, and cooperation in various fields has borne fruitful results. Particularly since the launch of the "Vision 2030," Saudi Arabia has intensified social and economic reforms, implemented new policies and measures, increased openness, improved the business environment, and advanced economic diversification plans.
The alignment of China's "Belt and Road Initiative" with Saudi Arabia's "Vision 2030" strategy has strengthened, leading to deeper collaboration in trade, capacity building, finance, infrastructure construction, and more. XCMG's investment in the Saudi market further demonstrates the determination and confidence of Chinese enterprises in going global, injecting new vitality into Sino-Saudi economic and trade cooperation.
As one of the earliest Chinese construction machinery companies to venture onto the global stage, XCMG has evolved from the initial "going out" phase of trade exports to the current "going in" phase of localized cultivation. This has resulted in an international development model featuring product exports, overseas production plants, cross-border mergers and acquisitions, and global collaborative research and development.
As one of the earliest Chinese construction machinery manufacturers to enter the Saudi market, XCMG has developed strong partnerships with the local community over the years. Through high-quality products and efficient services that meet the demands of the Saudi market, XCMG has gained the trust of its customers.
Since the establishment of diplomatic relations between China and Saudi Arabia, the relationship has steadily developed, and cooperation in various fields has borne fruitful results. Particularly since the launch of the "Vision 2030," Saudi Arabia has intensified social and economic reforms, implemented new policies and measures, increased openness, improved the business environment, and advanced economic diversification plans.
The alignment of China's "Belt and Road Initiative" with Saudi Arabia's "Vision 2030" strategy has strengthened, leading to deeper collaboration in trade, capacity building, finance, infrastructure construction, and more. XCMG's investment in the Saudi market further demonstrates the determination and confidence of Chinese enterprises in going global, injecting new vitality into Sino-Saudi economic and trade cooperation.
As one of the earliest Chinese construction machinery companies to venture onto the global stage, XCMG has evolved from the initial "going out" phase of trade exports to the current "going in" phase of localized cultivation. This has resulted in an international development model featuring product exports, overseas production plants, cross-border mergers and acquisitions, and global collaborative research and development.
Source : www.chinaspv.com
Editor : Grace
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