Yemen president in Riyadh for talks on reconstruction, military effort

Abed Rabbo Mansour Hadi
Updated 01 March 2017
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Yemen president in Riyadh for talks on reconstruction, military effort

RIYADH: Yemeni President Abed Rabbo Mansour Hadi arrived in Riyadh Monday evening to enhance coordination of efforts to defeat Yemeni rebels and carry out reconstruction in liberated areas.
Yemeni Tourism Minister Mohamed A. Qubaty told Arab News on Tuesday that the visit concerns “coordination of our efforts to defeat the rebels completely.”
He added: “There are other key matters regarding rebuilding the country, reconstruction and development work. Those are the main topics to be discussed during the visit in Riyadh with our brothers in Saudi Arabia, the UAE and our Arab allies in general.”
Qubaty said more than 80 percent of Yemen is in the hands of the internationally recognized government. “We need to wage war against terrorists, Al-Qaeda and Daesh so people can see a bright future,” he added.
Hadi last week said Saudi Arabia has allocated $10 billion in aid “for the reconstruction of liberated provinces, including $2 billion as a deposit in the central bank to shore up the (Yemeni) riyal.” Hadi has called on his government to focus on power, water, roads, health and education in liberated areas.
Pro-government forces backed by the Saudi-led Arab coalition have taken back five southern provinces from Iran-backed rebels, who still control the capital and much of northern Yemen.


Forum aims to boost Saudi-Japan trade ties

Updated 18 June 2019
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Forum aims to boost Saudi-Japan trade ties

  • 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.