North Star Recycling was invited to participate in the China-Saudi Arabia (Jizan) Industrial Investment Cooperation Exchange and signed a contract.

In order to implement the important consensus of the leaders of China and Saudi Arabia on deepening the docking of the "Belt and Road Initiative" initiative with Saudi Arabia's "2030 Vision" and further promote practical cooperation in industry and investment between China and Saudi Arabia, Mr. Hussein Fadli, CEO of Jizan Foundation and Downstream Industrial City of Yanbu Royal Commission, came to China to hold the "China-Saudi Arabia (Jizan) Industrial Investment Cooperation and Exchange Meeting". North Star Recycling representatives to participate in this event, and signed the investment intention.

China-Saudi Arabia (Jizan) Industrial Investment Cooperation Exchange Conference was hosted by Jizan Basic and Downstream Industrial City, Guangyin International Investment Development Co., Ltd., and the National Development and Reform Commission International Cooperation Center, Guangdong Provincial Development and Reform Commission, and Guangzhou Development Zone Management Committee As the supporting unit, it was held in Guangzhou on September 20, 2024. The theme of the activity is "dialogue, exchange and win-win cooperation".

As one of the three companies recommended by China Merchants Venture Capital, North Star Recycling was invited to attend this exchange meeting and signed a letter of intent to invest in Jizan Foundation and Downstream Industrial City. Saudi Arabia and the Middle East have huge market potential and are an important part of the overseas expansion of the Beichen Cycle. The North Star Recycling team has visited and inspected many times at home and abroad, actively conducted in-depth exchanges and negotiations with Saudi Arabia, and achieved good cooperation results and high overseas reputation.

Jizan City for Basic and Downstream Industries (JCPDI) is a key project of Saudi Arabia's "2030 Vision", which aims to promote economic diversification and reduce dependence on oil. The project is located in the Jizan area in southwestern Saudi Arabia. Relying on the superior geographical location along the Red Sea coast, it is committed to developing petrochemical, shipping and other industries, and building a modern city integrating industry, commerce, and housing.

JCPDI promotes industrial upgrading and economic development by attracting domestic and foreign investment. Its investment scale is huge, more than 26.7 billion US dollars, for infrastructure construction, industrial development and environmental protection. The project provides a series of preferential policies, including low tax rates, tariff exemptions, simplified regulations and government support, creating a good business environment for investors.

Jizan Basic and Downstream Industrial City is an important part of Saudi Arabia's economic diversification strategy. Through measures such as developing non-oil industries, attracting investment, providing preferential policies, and establishing a digital service platform, it has injected new ideas into the sustainable development of the Saudi economy. vitality.

North Star Recycling has the world's leading resource recycling technology, which will be combined with Saudi Arabia's superior resources in the energy field and the location advantages of the Asia-Europe-Africa hub to help promote the green and low-carbon high-quality development of the circular economy, follow the national Belt and Road strategy, and make its own contribution to globalization.