Tianjin’s Binhai New Area has forged an $80 million investment partnership with Saudi Arabia’s global investment firm, ewpartners, aiming to export China’s advanced industrial systems and supply chain capabilities to bolster Saudi Arabia’s manufacturing sector. The agreement was formalized during the 9th Future Investment Initiative in Riyadh, with key officials from Saudi Arabia’s Public Investment Fund and Jada Fund of Funds in attendance. This collaboration aligns with Saudi Vision 2030, a national strategy focused on economic diversification and industrial transformation, while also supporting ewpartners Fund II, which targets digital, advanced manufacturing, logistics, and consumer sectors. For China, this marks a significant milestone in Tianjin’s industrial expertise ‘going global’ and reinforces the Belt and Road Initiative. Binhai New Area, with a GDP of $108 billion and hosting over 240 Fortune Global 500 companies, is a hub for petrochemicals, electronics, new energy, smart manufacturing, and the digital economy. Its world-class ports serve as a vital link between Asian and Middle Eastern industrial clusters. Wu Di, vice-chairman of the administrative commission of Tianjin Binhai Hi-tech Industrial Development Area, expressed optimism about leveraging Tianjin’s strengths in smart manufacturing, technology, and port logistics to deepen cooperation with Saudi Arabia and the broader Middle East. The initiative aims to integrate Binhai’s expertise in new energy and industrial logistics with ewpartners’ regional network to accelerate technology transfer and industrial upgrades in Saudi Arabia and the Gulf region. Bandr Mohammed Alhomaly, CEO of Jada Fund of Funds, highlighted the shared commitment to Vision 2030 and building a robust private capital ecosystem in Saudi Arabia. Jerry Li, co-founder and managing partner of ewpartners, emphasized that the partnership goes beyond capital, focusing on connecting industries and innovation capabilities to drive high-quality regional development.