Saudi Silk Road Industrial Services Limited Liability Company (hereinafter referred to as “SSRIS LLC”) is a joint venture incorporated by Guangyin International Investment Development Limited, Royal Commission for Jubail and Yanbu, and Saudi Aramco Development Company. It was registered in Riyadh, capital of Saudi Arabia, with the registered capital of $30 million, in which the Chinese party holds a 60% equity interest, and each Saudi party holds a 20% equity interest. SSRIS LLC was established under the support of Chinese and Saudi governments based on the strategic alignment between China Belt & Road Initiative and Saudi Vision 2030.
As the implementation entity for the China-Saudi JCPDI Capacity Cooperation Project, SSRIS LLC is committed to provide investment services within JCPDI and other locations in Saudi Arabia, with respect to investment attraction and promotion, investment and commercial consultation, investment management, international trade and other services ancillary or contributing to any of the prior purposes, utilizing Guangdong and Ningxia’s rich experience in investment promotion. SSRIS LLC will help to achieve the comprehensive development of JCPDI, and the company’s business is expected to reach to other economic cities managed by the Royal Commission and further the whole Kingdom of Saudi Arabia, to demonstrate the highlights and achievements of China-Saudi cooperation to the Gulf region and the world, and to elevate the economic cooperation and diplomatic relations between the two countries to a higher level.