Saudi Arabia and China sign 57 deals worth over $3.73 Billion USD just recently, and the agreements mark a major advancement in local currency cooperation and also de-dollarization efforts between the nations. The deals, which were signed at the Saudi-Chinese Business Forum in Beijing this month, are enhancing BRICS-aligned trade and also promoting currency substitution between these economic giants right now in 2025.

Also Read: BlackRock Bitcoin ETF Soars as Abu Dhabi and Hong Kong Investors Pump Over $1 Billion

Saudi-China $3.73B Agreements Boost Trade, Finance, Currency Use

As Saudi Arabia and China sign 57 deals worth over $3.73 billion USD, at the same time institutional cryptocurrency market activity has also increased significantly. The BlackRock ETF inflows at the time of writing reflect growing confidence among major investors who are seeking alternative asset classes in today’s changing financial landscape.

Strengthening Bilateral Economic Ties

In attendance were the Minister of Environment, Water and Agriculture, Abdulrahman Alfadley, as well as a large number of both Arab and Saudi officials and investors.

Minister Alfadley noted:

“Trade exchange between Saudi Arabia and China has exceeded $107 billion, underscoring their bilateral economic ties’ strength and strategic importance.”

He additionally highlighted that China currently represents about 18% of the Kingdom’s foreign trade.

Also Read: Apple Stock (AAPL) Hits $211 as Trump Tells Tim Cook, “No Building in India”

Important Projects and BRICS Cooperation

Saudi Arabia and China signed 57 agreements worth over $3.73 billion USD that promote using local currencies instead of the US dollar, fulfilling goals both nations have discussed for some time. The projects actually span multiple areas such as environmental, water, agricultural, fisheries, and also livestock sectors, while promoting currency substitution in practical ways.

Key initiatives include things like knowledge exchange programs for water recycling techniques, human capacity development efforts, seaweed cultivation stations, and additionally biofuel production facilities.

Future Trade Implications

These agreements between Saudi Arabia and China demonstrate growing BRICS cooperation and also currency substitution efforts that are gaining momentum currently. Trading in local currencies helps to cut costs and reduces the use of dollar-based systems, and this trend is closely observed by experts in the global trade world.

Also Read: Is The Chinese Yuan The New Currency King After the US Dollar?