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Deputy Minister of Economy confirms the readiness of Saudi institutions to study financing in Chinese yuan

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In the presence of a large number of Saudi and Chinese businessmen, Deputy Minister of Economy and Planning Mohammed Al-Tuwaijri revealed on Thursday that Saudi institutions are ready to study financing themselves partly in yuan and that the Chinese are ready to provide such financing.

Deputy Minister of Economy and Planning Mohammed Al-Tuwaijri said on Thursday. <The Public Investment Fund, Saudi Arabia's main sovereign wealth fund, is examining investment opportunities in China's transportation and other infrastructure sectors, Al-Tuwaijri said at an economic conference for senior officials and businessmen from the two countries. He did not give details.