Riyadh (TDI): Key Saudi industries such as digital technology, advanced manufacturing, and logistics are set to benefit from a new $80 million investment partnership between ewpartners and China’s Tianjin Binhai New Area, one of the country’s leading industrial and innovation hubs.
The agreement, formalized during the Future Investment Initiative (FII) conference in Riyadh, was witnessed by representatives of the Public Investment Fund (PIF) and its fund-of-funds arm, Jada. The partnership aims to channel mature Chinese technologies and industrial projects into Saudi Arabia and the wider Gulf region.
According to a joint statement, the initiative supports Saudi Vision 2030 by combining Tianjin Binhai’s expertise in alternative energy, smart manufacturing, and port logistics with ewpartners’ investment experience and network in the Middle East.
Bandr Mohammed Al-Homaly, CEO of Jada, said the fund reflects the Kingdom’s growing role as a bridge between global investors and local opportunities. “Jada is committed to building a vibrant private capital ecosystem in Saudi Arabia, one that attracts innovation, global expertise, and long-term partnerships,” he said.
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He added that the collaboration between ewpartners and Tianjin Binhai “demonstrates the growing synergy between Saudi Arabia and China, particularly in logistics and technology,” emphasizing their shared commitment to Vision 2030 and the development of a robust private sector.
The new fund will focus on accelerating industrial transformation, strengthening local supply chains, and improving the competitiveness of Saudi manufacturing.
Wu Di, Vice Chairman of the Administrative Commission of Tianjin Binhai Hi-Tech Industrial Development Area, said the initiative would deepen cooperation between China, Saudi Arabia, and the broader Middle East. “We are eager to leverage Tianjin’s expertise in smart manufacturing and logistics to build a sustainable and mutually beneficial partnership,” he said.
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Jerry Li, Co-founder and Managing Partner of ewpartners, described the collaboration as more than an investment deal. “It’s about connecting industries and innovation,” he noted. “Through this fund, we aim to bring China’s proven experience in technology and manufacturing to the Middle East, supporting high-quality regional growth.”
The partnership marks a significant step in expanding industrial and investment linkages between Asia and the Middle East, reinforcing Saudi Arabia’s emergence as a regional hub for cross-border industrial collaboration.
