On February 27, 2023, led by the Department of Commerce of Inner Mongolia, 51 foreign trade enterprises rushed to Dubai and Saudi Arabia to grab orders and returned with a full load.

Saudi Arabia-Inner Mongolia trade matchmaking and market development activities finished well with brilliant results due to the joint efforts of Industrial and Commercial Bank of China, Sinosure and other overseas institutions.

The two matchmaking conferences were practical and in-depth, which established channels and laid a solid foundation for their long-term cooperation

Visit to Economic and Commercial Office of the Department of Commerce in Saudi Arabia

Negotiation with Guo Jinglin, Director of Liaison Office of Chinese Enterprises in Saudi Arabia

Market investigation and research activities were carried out to lead enterprises in knowing more about the local market and prices of products.

Bo Le, manager of Lehe Agricultural Products Purchasing and Marketing Co., Ltd. in Bayan Nur City, said, “We are very grateful to the Department of Commerce of Inner Mongolia for leading us to grab orders and expand the market with strong support. In this economic and trade activity, our company signed a contract valued at 11.13 million dollars with Saudi merchants.”

The economic and trade activities in Dubai and Saudi Arabia, which aimed to promote exchanges and cooperation along the Silk Road, were a complete success. Statistics shows that enterprises in Inner Mongolia and buyers in the Middle East have reached an actual transaction volume of 670 million yuan and singed the Letter of Intent (LOI) of 1.5 billion yuan.