30 Saudi projects stalled in Egypt

Updated 25 April 2013
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30 Saudi projects stalled in Egypt

Thirty Saudi-owned projects worth SR 5 billion are faltering in Egypt, said Minister of Commerce and Industry Tawfiq Al-Rabiah.
“While cases of 20 projects remain unresolved, six cases have been resolved by the Egyptian side and four are being resolved by the Saudi side,” Al-Rabiah said in a press statement after he opened the Saudi-Egyptian Joint Committee meeting in Riyadh yesterday.
The 14th session of the Joint Saudi-Egyptian Committee met under the co-chairmanship of Al-Rabiah and Egyptian Minister of Industry and Foreign Trade Hatem Saleh. The session is focusing on how to remove obstacles to investments.
In his address, Al-Rabiah said the Kingdom and Egypt could benefit from increased mutual investments. “I am looking forward to working together to harness this potential for the development of trade between the two countries in terms of volume and quality, which is still below the level of our ambition as it has not crossed SR 20 billion,” the minister said.
He said he had discussions with President Muhammad Mursi during his last visit to Egypt on the issue of stalled projects and the president promised to look into the matter.
He stressed the need to establish more joint ventures with the private sector, benefiting from the incentives that are available.
Speaking on the occasion, Saleh said the Egyptian government has stepped up efforts to develop its economy and create a system to ensure a favorable climate for international trade and investment.
“We hope that these serious attempts will have positive and encouraging effects on Saudi companies to pump more investments into Egypt, to achieve more industrial and commercial cooperation and thus increase trade between the two countries,” Saleh added.
The Egyptian minister said trade rose to $ 4.54 billion last year, which involved $ 1.82 billion exports and $ 2.71 billion imports. However, trade has not yet met Egypt's expectations.
The two sides will discuss various issues including dual taxation, shipping, a common power grid, environment protection, marine resources and cultural, educational and health matters.


Saudi Arabia to send Syrians an additional $100 million of humanitarian aid

Updated 26 April 2018
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Saudi Arabia to send Syrians an additional $100 million of humanitarian aid

  • Total relief provided by the Kingdom since the war began now stands at about $1billion
  • Latest package announced by Foreign Minister Adel bin Ahmed Al-Jubeir at conference in Brussels

JEDDAH: Saudi Arabia will provide an additional $100 million of humanitarian aid to alleviate the suffering of the people of Syria, through the King Salman Humanitarian Aid and Relief Center.

The announcement of the latest aid package was made by Minister of Foreign Affairs Adel bin Ahmed Al-Jubeir on April 25 at an international conference on the future of Syria and the region, held in the Belgian capital Brussels. He pointed out that the meeting comes after the suspected chemical attack in the city of Douma, in eastern Ghouta, which killed dozens of civilians, including women and children.

“The world is facing a regime allied with terrorist militias who believe that spreading atrocities and committing crimes will bring victory to it, and that war crimes are bearing fruit,” said Al-Jubeir. “In addition to bombing civilians with explosive barrels, the policies of starvation and siege, ethnic and sectarian cleansing, and the demographic change of Syrian cities and towns, its use of chemical weapons have shocked the entire world.”

He said that the only acceptable solution to the Syrian crisis is a peaceful political resolution, and that Saudi Arabia has been working to achieve this since the crisis began, while also working with others to end the continuing human tragedy in the war-torn country.

The Kingdom has played a role in unifying the ranks of the Syrian opposition and encouraging them to speak with one voice, he added. After the Riyadh 1 Conference in 2015, Saudi Arabia hosted the Riyadh 2 conference for the Syrian opposition in November 2017, which succeeded in unifying the factions and establishing a negotiating body to take part in the rounds of talks held since then, earning praise from the United Nations.

The foreign minister also reiterated his country’s support for the efforts of the UN secretary-general’s envoy, Stephan de Mistura, to resume negotiations between all sides of the conflict.

“The Kingdom hopes that the agreements endorsed by the international resolutions on the ceasefire and the delivery of humanitarian aid to its beneficiaries will be implemented throughout Syria, regardless of their ethnic, religious, sectarian or political affiliations, and calls for the speedy release of detainees and abductees and clarifying the situation of those absent,” said Al-Jubeir. “It also renews its demand to punish individuals and institutions for war crimes and to prevent their impunity.”

He added that the worsening humanitarian crisis affecting refugees inside and outside of Syria should add to the urgency of finding a political solution and resuming the negotiating process as soon as possible.

Since the war began, the Kingdom has taken in about two and a half million Syrians and treats them like its own citizens, Al-Jubeir said, providing them with free health care, work and education. Saudi universities and schools have more than 140,000 Syrian students. He added that Saudi Arabia is also supporting and helping to care for of millions of Syrian refugees in Turkey, Jordan and Lebanon, in coordination with the governments of those countries. The humanitarian assistance provided so far totals about $1 billion.