Shenzhen to help Saudi Arabia diversify economy

High-tech hub Shenzhen is set to play a key role in the future of Saudi Arabia as the Gulf nation seeks to reduce its dependence on oil and transition into a more sustainable economy.

Shenzhen Mayor Qin Weizhong visited Saudi Arabia last week, during which time Saudi Arabia's King Abdullah University of Science and Technology signed cooperation agreements with several institutions in Shenzhen, Guangdong province.

"Shenzhen, known for its advanced technology and innovation, can offer Saudi Arabia access to cutting-edge technologies, expertise and investment opportunities," said Wei Jianzhang, vice-president of the Belt and Road Initiative's International Cooperation and Development Research Institute in Shenzhen.