Saudi Arabia to open 3 Arabic-language institutes in Indonesia

Saudi Arabia's ambassador to Indonesia Osama Mohammad Abdullah Alshuaibi. (Reuters)
Updated 02 March 2017

Saudi Arabia to open 3 Arabic-language institutes in Indonesia

JEDDAH: Saudi Arabia is planning to establish Arabic-language institutions in the three major Indonesian cities of Makassar, Medan and Surabaya, said Saudi Ambassador Osama Mohammed Abdullah Al-Shuaibi.
The envoy said the goal is to help Indonesians improve their Arabic-language skills, and the institutions would have no radical influences.
“They will only deliver Arabic-language instruction. We will not allow any party to make use of the institutions for other purposes or interests,” he said on Tuesday.
“There is already the Islamic and Arabic College of Indonesia in Jakarta, which is a branch of the Imam Muhammad bin Saud Islamic University in Riyadh,” the envoy told Arab News. “This branch includes a two-year Arabic-language course first, then the student can get a bachelor degree in Islamic studies.”
An Arabic-language institution was recently opened on Sumatra island. The three forthcoming institutions are on Sulawesi island in Makassar city, on Java island in Surabaya city, and on Sumatra island in Medan city. “The three institutions will be opened in the coming two or three weeks, since we got King Salman’s approval,” Al-Shuaibi said, adding that they should have been opened at the start of the second semester, but were delayed due to technical issues.
King Salman arrived in Indonesia yesterday with a 1,500-member delegation.

High-level investment forum aims to further boost business between Saudi Arabia and Japan

Updated 18 June 2019

High-level investment forum aims to further boost business between Saudi Arabia and Japan

  • 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.