The business conference will draw about 2,000 attendees from Greater China, in what will be one of the region's biggest-yet business delegation to Saudi Arabia, according to one person with direct knowledge of the matter.
"From the perspective of both capital and new market, the Middle East, Saudi Arabia are really good new choices for Chinese companies and investors," said Henry Zhang, president of Hong Kong-based private equity firm Hermitage Capital.
"Since late last year, a large number of Chinese funds have rushed to the Middle East looking for new investors.
For the upcoming conference, Chinese entrepreneurs in attendance represent a range of industries -- from renewable energy and artificial intelligence to biotech, finance and tourism.
"Previously, I had to actively pitch Chinese companies to consider Saudi Arabia as their destination of outbound investment and overseas expansion.
Persons:
Xi Jinping's, Antony Blinken, Henry Zhang, Zhang, Robert Mogielnicki, Edison Gao, I've, Gao, Julie Zhu, Aziz El Yaakoubi, Sumeet Chatterjee, Michael Perry
Organizations:
China Business Conference, Hermitage Capital, Gulf States Institute, Ajlan, Brothers, Thomson
Locations:
HONG KONG, RIYADH, Riyadh, Saudi Arabia, Arab, Gulf, Beijing, Washington, U.S, Greater China, East, Hong Kong, Hermitage, China, Saudi, Rachna, Dubai