Saudi-Mauritanian joint committee begins meetings

The Saudi-Mauritanian joint committee at work in Nouakchott, the capital of the African nation, on Thursday. (SPA)
Updated 17 February 2017
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Saudi-Mauritanian joint committee begins meetings

RIYADH: The Saudi-Mauritanian joint committee on Thursday began its work in Nouakchott, the capital of the African nation.
The working group of experts from the Saudi and Mauritanian sides started intensive meetings to discuss the issues on the agenda at the ministerial committee meetings.
The two sides agreed to increase the volume of trade between the two countries and exchange experiences in consumer protection, with an emphasis on the achievement of mutual standards and specifications, and to verify that there are no cases of fraud or exchange of counterfeit products.
In the area of customs and financial cooperation, the two sides agreed on the wording of a bill that ensures the avoidance of double taxation between Saudi Arabia and Mauritania.
On industrial energy and minerals, the two sides discussed an agreement for cooperation in the field of electricity and renewable energy, as well as to exchange experiences and discuss training opportunities in the field of exploiting iron ore and other raw materials.
At the end of the meetings, the committee decided to raise the discussions of the panel to the joint ministerial committee for signature on Friday.


FaceOf: Ahmad Al-Khatib, chairman of the board of directors of the Saudi Arabian Military Industries

Ahmad Al-Khatib
Updated 27 May 2018
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FaceOf: Ahmad Al-Khatib, chairman of the board of directors of the Saudi Arabian Military Industries

  • Saudi Arabian Military Industries aims to aims to reduce the country’s reliance on foreign purchases of military products

JEDDAH: Ahmad Al-Khatib was appointed the chairman of the board of directors of the Saudi Arabian Military Industries (SAMI) in October 2017. 

He also holds the posts of chairman of the board of directors of the General Entertainment Authority (GEA) since 2016; chairman of the board of directors of the Saudi Fund for Development; adviser to the general secretariat of the Cabinet; adviser to the minister of defense; and adviser to the court of the crown prince.

Al-Khatib inaugurated on Friday the new facilities of the Aircraft Accessories and Components Company (AACC) at its new headquarters at King Abdul Aziz International Airport in Jeddah during a ceremony under the patronage of Crown Prince Mohammed bin Salman.

SAMI aims to reduce the country’s reliance on foreign purchases of military products and become one of the top 25 global companies in the field of military industries.

“Our goal is to localize more than 50 percent of the Kingdom’s military spending by 2030,” said the crown prince in his earlier statement.

Al-Khatib is a former adviser to the royal court, was the minister of health between 2014 and 2016, and served as the chairman for the Saudi stock company established in 2006, Jadwa Investment.

Al-Khatib has 23 years of experience in banking. In 1992 he joined the Bank of Riyad, working in various departments for 11 years and helping to establish the customer investment department. 

In 2003, Al-Khatib joined SABB Bank and participated in the establishment of Islamic Banking (Amanah). He then became the bank’s general manager.