Shanghai Hansheng (Chengdu) Law Firm successfully held the “Chengdu-Chongqing Economic Circle” Sino-Saudi enterprises overseas exchange meeting
On November 9, 2024, at 14:30 PM, the Shanghai Hansheng (Chengdu) Law Firm successfully hosted the “Chengdu-Chongqing Economic Circle” China-Saudi Enterprises Exchange Meeting in Chengdu. This event brought together numerous business representatives from the Chengdu-Chongqing economic circle and influential business leaders from Saudi Arabia. Hansheng Law Firm highlighted its dual expertise in supporting Chinese enterprises expanding internationally and in guiding and protecting foreign companies navigating the Chinese market. As a trusted legal partner, Hansheng provides comprehensive services that help businesses manage regulatory complexities, mitigate risks, and achieve sustainable success in both local and international ventures.
During the meeting, Hansheng’s senior legal team provided in-depth insights on critical considerations for Chinese companies operating abroad, covering areas such as international trade, exhibitions, investment, protection of rights and interests, and the importance of compliance management. Drawing on historical case studies, they highlighted common blind spots and risks that Chinese enterprises face when going global, offering practical advice that was highly valued by the attendees.
Mr. Michail Digkas, the foreign legal advisor of Shanghai Hansheng (Chengdu) Law Firm, was introduced to the Chinese and Saudi enterprises at the event, underscoring Hansheng’s commitment to supporting Chinese companies as they expand internationally. His presence highlighted the firm’s dedication to guiding Chinese enterprises going abroad. For Saudi enterprises, Mr. Digkas’s role demonstrated Hansheng’s unique capability of having foreign legal experts based in China, ready to facilitate cross-border business ventures and foster collaboration. This dual approach aligns with Saudi Arabia’s Vision 2030 goals of economic diversification and attracting international partnerships, promoting sustainable growth across sectors.
Representatives from leading Saudi companies, including SLNEE Information Technology Company and BADER Contracting Company Limited, attended the event. SLNEE, known for its innovative digital solutions, is a key player in Saudi Arabia’s technological transformation, offering services such as software development, IT consulting, and data security. Their alignment with Saudi Arabia’s visionary project, “The Line”—a revolutionary smart city development under Vision 2030—demonstrates the role they play in the country’s push toward sustainability and urban innovation.
Similarly, BADER Contracting Company Limited, founded in 2009, has established itself as a leader in Saudi Arabia’s construction and urban development sectors. With expertise in building, construction, and project management, BADER contributes to Saudi Arabia’s urban renaissance, taking on projects from site preparation through to completion, while maintaining the highest standards of quality and safety. Their innovative engineering practices and dedication to excellence make them an essential partner in Saudi Arabia’s ambitious urban projects.
Saudi Arabia’s groundbreaking project, “The Line,” requires extensive support and supplies, and China is strategically aligned to play a critical role in its success. As a new, smart urban development, “The Line” demands advanced infrastructure, technology, and a steady supply chain—all areas where Chinese expertise and resources are indispensable. This partnership reflects the broader cooperation between China and Saudi Arabia, driven by a shared vision for sustainable, technologically advanced cities.
Chinese enterprises, including Huicai Group, Lvxingyuan Power Development Company, and Haisu Culture, also participated in the event, showcasing their strengths and initiatives. This provided Saudi representatives with a comprehensive look at potential Chinese partners, as the Chengdu-Chongqing region becomes an increasingly significant source of expertise and innovation for international collaborations.
The meeting concluded with a networking session, allowing delegates to exchange ideas and discuss opportunities for mutual growth. This exchange meeting served as a bridge between Chinese and Saudi enterprises, offering valuable prospects for Chengdu-Chongqing businesses to explore the international market.
Shanghai Hansheng (Chengdu) Law Firm reaffirmed its commitment to delivering top-tier legal services that facilitate Chinese enterprises’ global reach while also assisting foreign enterprises in establishing themselves in the Chinese market. With the Belt and Road Initiative accelerating the pace of Chinese companies expanding abroad, the Chengdu-Chongqing economic circle is becoming a vital launchpad for these efforts. Hansheng Law Firm will continue leveraging its expertise to empower companies with robust legal support, whether they are venturing internationally or entering China, fostering sustainable global success and contributing to transformative projects like “The Line.”
