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The volume of trade between Saudi Arabia and China has jumped to $73 billion (SR273.7 billion) in 2012, according to Chinese Ambassador to Riyadh Li Chengwen.

Chengwen told that the economic cooperation and trade exchange between the two countries are enjoying brighter day’s thanks to support given by King Abdullah and Chinese President Xi Jinping.

Trade between the two countries witnessed a remarkable growth at 14 percent to exceed $73 billion in 2012, he said, adding that some 140 Chinese firms are working in the Saudi market in projects estimated at $18 billion covering a variety of areas such as construction, telecom, infrastructure, and petrochemicals.

Meanwhile, a recently-released report says Saudi-Chinese business relations are poised to witness an enormous growth in the future where the volume of trade exchange is to hit $60 billion by 2015.

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