China
Around $4.6 billion was invested in Aramco Gas Pipeline Co. by the BRI-focused state Silk Road Fund and state China Merchants, as part of Aramco’s $15.5 billion gas pipeline leasing deal with a consortium led by BlackRock that completed in early 2022. Silk Road Fund was also part of a consortium led by US EIG Global Energy Partners that agreed a similar $12.4 billion infrastructure leasing deal in 2021 for Saudi oil pipelines.
Chinese firms already involved in NEOM include Huawei for communications tech, Envision Energy for wind turbines, Powerchina on construction; China Railway Construction Corp.; and clean power firm Sungrow for energy storage. China National Nuclear Corp is also interested in Riyadh's first nuclear power plant.
