Xi said that China-Arab cooperation declaration will be signed for the Belt and Road Initiative.

He said the initiative has garnered great support from the Arab world and China stands ready to work with Arab states on the initiative.

"Arab states are natural partners of China," Xi said.

Xi pledged that China will provide $20 billion in loans to help Arab states in economic reconstruction.

China will help Arab states with transportation infrastructure, speed up cooperation in oil and gas, finance, high-tech fields, the digital economy and artificial intelligence, Xi said.

China will also build financial platform for industrial cooperation.

China plans to import goods worth over $8 trillion from Arab states in five years and this would bring huge opportunities to Arab states, Xi said.

China will press ahead with FTA talks with Arab states and invite hundreds of Arab elites to China over the next three years, Xi said.