Archives China in the Middle East - Page 2 of 2 - New Eastern Outlook

Termed Saudi’s “new oil” industry, tourism ranks very high on Riyadh’s Vision 2030 strategic plan for the country’s economic transformation away from reliance on oil as the major source of revenue. According to the plan, the Saudis aim to raise about US$46 billion annually from tourism by the end of this decade, i.e., by 2030. Saudi’s goal and China’s contribution to world tourism seem to have a perfect synergy. Before Covid, 155 million Chinese tourists spent US$250 billion world-wide. With Saudi Arabia looking to attract tourism, China becomes a natural partner…

There has been a marked shift in the balance of power in the world as the US has recently intensified its attempts to regain world domination, including through sanctions against countries trying to demonstrate their independence from Washington. And in this respect, Beijing’s attempt to create a multipolar world based on an alliance with countries...