Terror attack in Saihat kills 5; gunman killed

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Updated 18 October 2015

Terror attack in Saihat kills 5; gunman killed

JEDDAH: Five people were killed and nine injured after a gunman, wearing explosives, opened fire on a Shiite meeting hall on Friday in the eastern city of Saihat, witnesses and security sources said. Earlier, the Al Ekhbariya TV quoted sources as saying that “a person who opened fire on Husseiniya was killed, and the attacker was in his 20s.” The channel said the motive remained unclear. Meanwhile, a resident reached by telephone told Reuters that an attacker approached the meeting hall in a stolen taxi but was stopped at a checkpoint. Police arrived and a gunbattle broke out, which the resident said left the attacker dead. Sources said that three terrorists were involved in the shooting, adding that the police had foiled their attempt to attack the Shiite site and exchanged fire with them killing a terrorist and arresting two. In an unrelated incident, police said four gunmen fired at two citizens from inside their car in Al-Khafji in the Eastern Province on Friday. One of the citizens succumbed to his injuries in hospital. The second remains in hospital in stable condition. Security authorities detained the suspects a few hours after the incident.  They will be transferred to the Bureau of Investigation and Prosecution, said the police statement.

High-level investment forum aims to further boost business between Saudi Arabia and Japan

Updated 18 June 2019

High-level investment forum aims to further boost business between Saudi Arabia and Japan

  • Japan is one of Saudi Arabia’s most important economic partners

TOKYO: More than 300 government, investment and industry leaders on Monday took part in a high-level gathering aimed at further boosting business opportunities between Saudi Arabia and Japan.

The Saudi Arabian General Investment Authority (SAGIA) welcomed key figures from the public and private sectors to the Saudi-Japan Vision 2030 Business Forum, held in Tokyo.

Hosted in partnership with the Japan External Trade Organization (JETRO), the conference focused on the creation of investment opportunities in strategic sectors of the Kingdom. Delegates also discussed key reforms currently underway to enable easier market access for foreign companies.

Speaking at the event, Saudi Economy and Planning Minister Mohammed Al-Tuwaijri, said: “Today’s forum is a testimony to the success of the strategic direction set by the Saudi-Japanese Vision 2030 two years ago, which seeks to drive private-sector involvement, both by partnering with public-sector entities.”

SAGIA Gov. Ibrahim Al-Omar said: “At SAGIA, we have been working on creating a more attractive and favorable business environment in Saudi Arabia, which is making it easier for foreign companies to access opportunities in the Kingdom.”

Japan is one of Saudi Arabia’s most important economic partners. It is the Kingdom’s second-largest source of foreign capital and third-biggest trading partner, with total trade exceeding $39 billion.

JETRO president, Yasushi Akahoshi, said: “Saudi-Japan Vision 2030 has made great progress since it was first announced. Under this strategic initiative, the number of cooperative projects between our two countries has nearly doubled, from 31 to 61, and represents a diverse range of sectors and stakeholders.”

Since 2016, the Saudi government has delivered 45 percent of more than 500 planned reforms, including the introduction of 100 percent foreign ownership rights, enhancing legal infrastructure and offering greater protection for shareholders.

As a result, the Kingdom has climbed international competitiveness and ease-of-doing-business rankings, with foreign direct investment inflows increasing by 127 percent in 2018 and the number of new companies entering Saudi Arabia rising by 70 percent on a year-on-year basis in the first quarter of 2019.