Chinese President Xi Jinping and Saudi Crown Prince, Mohammed bin Salman
Saudi Arabia's cabinet approved on Wednesday a decision to join the Shanghai Cooperation Organization (SCO), as Riyadh builds a long-term partnership with China despite U.S. security concerns.
Saudi Arabia has approved a memorandum on granting the Kingdom the status of a dialogue partner in the Shanghai Cooperation Organization, state news agency SPA said.
The SCO is a political and security union of countries spanning much of Eurasia, including China, India and Russia.
Formed in 2001 by Russia, China and former Soviet states in Central Asia, the body has been expanded to include India and Pakistan, with a view to playing a bigger role as counterweight to Western influence in the region.
Iran also signed documents for full membership last year.
Dialogue partner status will be a first step within the Organisation before granting the Kingdom full membership in the mid-term.
The decision followed an announcement by Saudi Aramco, which raised its multi-billion dollar investment in China, by finalising a planned joint venture in northeast China and acquiring a stake in a privately controlled petrochemical group.
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