Saudi Arabia's sovereign wealth fund has expanded its operations in China by opening a new office in Shanghai. The main goal of the new office is to support investment projects in the Chinese market and increase the interest of Chinese companies in Saudi Arabia.
According to the information, the office has been operating since the beginning of 2026 and is subordinate to the fund's office in Beijing. The legal registration of the Shanghai branch was completed last year.
Experts believe that this step is part of Saudi Arabia's strategy to further strengthen economic ties with China. The fund is trying to expand cooperation with the world's second largest economy in the changing geopolitical environment. The new office is expected to give impetus to the increase in joint projects in the fields of energy, technology and infrastructure.
