Kingdom, Italy agree to strengthen bilateral trade, investment

Secretary General of the Council of Saudi Chambers (CSC) Dr. Saud Al-Meshari and Italian Ambassador Luca Ferrari meet at the CSC headquarters in Riyadh on Wednesday. (AN photo)
Updated 21 January 2017
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Kingdom, Italy agree to strengthen bilateral trade, investment

RIYADH: The Kingdom and Italy have decided to strengthen bilateral trade and investment through mutual dialogue.
According to an official from the Council of Saudi Chambers (CSC), the decision was reached during a meeting between CSC Secretary General Dr. Saud Al-Meshari and Italian Ambassador Luca Ferrari at the CSC headquarters on Wednesday.
During the meeting, Al-Meshari said Italy is one of the main trade partners to Saudi Arabia, and highlighted the significant role of the Saudi-Italian Business Council in enhancing joint investments.
He encouraged both sides to capitalize on investment opportunities as both countries possess economic openness and flexibility that are attractive to foreign investors. He also noted that Italy is popular with Saudi tourists.
Ferrari expressed Italy’s keenness on cooperating in investments with the Kingdom, and said his country wants to attract more Saudi investments, particularly in value-added projects.
Stressing the Italian business sector’s efforts and interest in strengthening relations with Saudis, he highlighted the attractive investment environment in Italy, and encouraged more trade visits between the two countries and increased cooperation in exchanging information about the latest business opportunities and technologies.
The two parties also discussed programs for the upcoming Saudi-Italian Joint Committee meeting in Rome this month. A good number of Saudi businessmen are expected to participate in this meeting, where new areas of cooperation could be identified.
The Italian presence in Saudi Arabia has grown over the past few years, with Italian companies active in all fields. Diplomatic ties were established in 1932 in Jeddah.


Putin welcomes Saudi delegation at St. Petersburg cultural forum

Updated 18 November 2018
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Putin welcomes Saudi delegation at St. Petersburg cultural forum

JEDDAH: Russian President Vladimir Putin warmly welcomed Saudi Arabia’s delegation to the 7th St. Petersburg International Cultural Forum as one of the main guest countries attending the annual event.
The delegation was headed by Saudi Minister of Culture, Prince Badr bin Abdullah bin Farhan, who posted a selfie with Putin on his Twitter account.
“We responded to the invitation from our friends in Russia to participate in the St. Petersburg cultural forum, and it was an opportunity to meet with officials to promote cultural cooperation,” the post said.


The forum, which ran from Nov. 15-17, was held under the theme “Culture as a Strategic Potential of the Country,” was attended by visitors from 101 countries.
Opening the forum, the Russian president expressed hope that the event would develop fruitful dialogue between society and the state.
Putin said the forum gives others a chance to get to know Russia more closely, stressed that “what distinguishes his country is the diversity of languages and traditions.”
During the visit the Saudi minister held talks with the Russian president on the sidelines of the event.
He also met his Italian counterpart, Alberto Bonisoli, on the sidelines of the forum to discuss areas of joint cooperation between the two countries and means of enhancing Saudi-Italian cultural relations.
“I was delighted to meet with the Italian Minister of Culture and we have many opportunities for a future of strong cooperation between the two countries,” Prince Badr tweeted.

Bonisoli said that culture is “a means of communication” for politics, even when serious international crises occur.
“If there are problems between two or more countries, according to their positions, culture is still a way to convey the messages of partnerships, communities, politicians, and sometimes to promote fundamental values,” he added.
The St. Petersburg International Cultural Forum annually attracts thousands of experts in the field of culture from all over the world.
Stars of theater, opera and ballet, renowned directors and musicians, public figures, representatives of and academic communities, all attend the event.
The year’s program includes 14 pavilions, including museums, circuses, theaters, cinema, literature, tourism, folklore and popular culture.