Riyadh – Mubasher: The Saudi-Chinese Business Council will convene next during a visit by the Deputy Crown Prince Mohammed bin Salman to Beijing, according to a local newspaper's report citing the council chairman Mohamed Al-Ajlan.

During the visit, a number of investment agreements will be signed with Saudi Arabian Oil Co. (Aramco) and Saudi Basic Industries (SABIC), said Al-Ajlan.

Moreover, a bunch of discussions is expected to be held between CEOs of Chinese companies and a delegate of Saudi businessmen.

Trading volume between the two countries is valued at $74.4 billion of Saudi exports and imports are worth $54.9 billion and $18.45 billion, the newspaper revealed adding that the Kingdom sends 45 million tons of oil to China per annum.