KSA emerges as a major player on world stage

Updated 18 November 2015
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KSA emerges as a major player on world stage

RIYADH: Saudi Arabia is a major player in the global economy, a senior economist following the G-20 summit, which concluded in Antalya on Monday, observed.
Osama Kurdi, former Shoura Council member, said Saudi Arabia under Custodian of the Two Holy Mosques King Salman has become a major player in the world economy by supporting the economic policies of the major countries in the world.
“Despite the contributions made by various global bodies such as WTO, UN and OPEC, G-20 has begun to play an important role not only in the economic field but also in the political field,” Kurdi said.
The Kingdom has joined the summit in fighting against terrorism, creating job opportunities and developing SMEs which is the need of the hour, he noted.
By virtue of the wise policies of King Salman, he said the Kingdom is marching toward a prosperous economic goal to achieve peace, security and political stability in the region.
Musad Al-Zayani, Dubai-based Saudi journalist who is currently covering the G-20 Summit, told Arab News that King Salman’s speech at the summit was well received by the delegates.
He said that the king strongly condemned all forms of terror and also admitted that the Kingdom has been a victim of terrorism for several years.
The journalist welcomed the suggestion made by King Salman that quick solutions must be found for the problems in Syria, Palestine and Yemen.
He pointed out that its a magnanimous gesture on the part of the king to call for support of the Syrian refugees irrespective of the countries of displacement.
“We are a major player in the global oil industry,” the journalist said, pointing out that Saudi Arabia has the key to any problems in the petrochemical industry by virtue of its oil reserves and massive oil production.
The king, Al-Zayani said, has a clear vision to promote SME’s in the Kingdom which would create job opportunities for the youth and eventually take the economy to new heights.
Prominent Saudi writer Mohsin Hassan Al-Sheikh said the people in the Kingdom are very happy that King Salman has unreservedly condemned terrorism by joining the world community at the G-20.
Although they try to give an Islamic color to their actions, terrorists have no religion and they are criminals involved in destructive work. Under the leadership of King Salman, he said that the Kingdom will provide an effective fight against terror so that people in the region, as well as in other parts of the world, can live in peace and prosperity.
King Salman, who was leading the Saudi delegation at the G-20 summit, met with foreign leaders gathered on Sunday and discussed with them developments in the region and the summit agenda.
The members of the G-20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union.
Saudi Arabia has a special place as a G-20 member given its role in global energy security and heavy-weight economic status in the region — it is the only country from the Middle East and Arab world represented in the G-20.


Riyadh to host forum to observe World Heritage Day next year

Riyadh hosts the sixth National Urban Heritage Forum in April with its focus on investment opportunities in the urban heritage. (Reuters)
Updated 35 min 26 sec ago
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Riyadh to host forum to observe World Heritage Day next year

  • forum will encourage private investment to capitalize on the country’s rich urban heritage
  • Saudi Commission for Tourism and National Heritage hosts the forum each year in a different part of the Kingdom

RIYADH: The Saudi capital will host the sixth National Urban Heritage Forum (NUHF) next April to coincide with World Heritage Day, with its focus on investment opportunities in urban heritage.

“The four-day National Built Heritage Forum will be launched in Riyadh on April 15,” said Majed Alshadeed, a spokesman for the Saudi Commission for Tourism and National Heritage (SCTH), on Thursday, adding that the forum will culminate on April 18, World Heritage Day. World Heritage Day is celebrated every year on April 18 with the aim of preserving the human heritage and recognizing the efforts of the relevant organizations in the field.

Organized by SCTH under the umbrella of the Custodian of the Two Holy Mosques Cultural Heritage Program, the 6th forum will encourage private investment to capitalize on the country’s rich urban heritage.

The forum will look at developing business models in the management and development of — and investment in — urban heritage sites, as well as the development of crafts and handicrafts.

The heritage forum is organized each year by the SCTH in a different province in collaboration with the relevant governorates, municipalities and local universities, following the recommendations of the first International Conference for Urban Heritage in the Islamic Countries, which was held in Riyadh in 2010.

The first session of the NUHF was organized in Makkah province, the second in the Eastern Province, the third in Madinah province, the fourth in Asir province and the fifth in Al-Qassim province.

Next year’s forum seeks to invest the expertise, knowledge and experience that the SCTH has gained and transfer it to the four economic sectors working in urban heritage. These sectors are construction, restoration and contracting, site operation, human resources development, and services and industries related to urban heritage.

The forum will include the distribution of prizes to the projects winning the Prince Sultan bin Salman Urban Heritage Awards, exhibitions, scientific sessions, workshops and business meetings with Saudi and international experts and consultants to discuss investment opportunities in urban heritage. There will also be a specialized expo for companies and institutions working in the sectors of the economics of architectural heritage, restoration and engineering consultancy.