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"There is hope in the Middle East, and all parties should look for it by pursuing dialogue and development," Xi said.

Earlier Friday, Chinese Vice Premier Ma Kai also met with Chakrabarti.

The establishment of diplomatic ties between China and Saudi Arabia in 1990 opened a new chapter in their relations. In particular, since the establishment of the strategic and friendly relationship between the two countries in 2008, China-Saudi Arabia relations have progressed by leaps and bounds, with enormous growth made in all-round corporation. For years, Saudi Arabia has been China's biggest global supplier of crude oil and its biggest trading partner in West Asia and Africa. In 2013, China became the biggest trading partner of Saudi Arabia for the first time. Two-way trade reached US.1 billion in 2014, growing by 230 times over that at the time of the establishment of diplomatic ties. Today, one in six barrels of crude oil China imports comes from Saudi Arabia, and one out of every seven Riyal Saudi Arabia earns from its exports comes from China.

Xi also offered in his speech 300 million dollars for law enforcement cooperation, police training so as to help build up the abilities of the regional countries to maintain stability.

Moreover, the prime ministers will also discuss ways to dovetail the Silk Road Economic Belt initiative, an open and mutually beneficial initiative aimed at reviving the ancient Silk Road from China via Central Asia and Russia to Europe, aligned with the Russia-initiated Eurasian Economic Union (EEU).