Delegates discussed the impact on globalization on young leadership and compared the nature of family business in Arab and Chinese cultures.
Already, China is the largest buyer of Saudi oil and is one of the largest suppliers of that country’s imports. “The two places should be very close but aren’t right now,” Ping said.
The prospect of slower economic growth in 2012 will likely lead businesses from the Middle East to be interested in taking a closer look than ever in cracking China’s domestic market, Ping said.
Among existing investments in China by Saudi businesses a $5 billion project between China’s Sinopec, Saudi Aramco and Exxon Mobil.
Forbes itself will be holding its next annual global CEO conference in Dubai next year, marking the first time that the event will be held in the Middle East.