King’s visit to Asia enhances KSA’s leading role in Mideast economies, say experts

Saudi Arabia's King Salman bin Abdulaziz al-Saud (L) is escorted by Japan's Prime Minister Shinzo Abe (R) during a banquet at Abe's official residence in Tokyo on Monday. (AFP)
Updated 14 March 2017
0

King’s visit to Asia enhances KSA’s leading role in Mideast economies, say experts

RIYADH: The visit of King Salman to Japan and China will enhance the leading role of the Kingdom in the economies of the Middle East and Arab countries, economists and businessmen told local media.
They said the visit represents a historic shift of the Kingdom’s accession to one of the fastest growing economies in the world.
They expected the visit would witness the signing of investment and strategic deals supportive of Vision 2030.
Businessman Mohammed Hasan Yusuf said the king’s visit to China and Japan would bolster the economic dimension and further enhance the Kingdom’s economic leadership in the region.
He said the visit also carries political and social dimensions that will allow decision-makers to study the needs of Saudi knowledge-seekers and scholarship students.
Osama Mulla, acting secretary general of General Union of Car Drivers, said the visit would play a key role in strengthening Kingdom’s relations with Japan and China.
He said the announcement of Toyota to establish a car plant in the Kingdom, which coincides with the start of king’s visit to Japan, is a big step in the localization of the car industry that will have a positive impact on the transport sector in the Kingdom.
Abdullah Dahlan said the king’s visit to China, Japan, Malaysia and Indonesia is a chance to speed up Vision 2030 and to benefit from international experiences.
The historic visit aims to strengthen Vision 2030 and promote Saudi investments through the establishment of the biggest sovereign investment fund in the world, he said.
Economist Saifullah Mohammed Sharbatalli said the king’s visit reflects enormous eagerness to realize the objectives of Vision 2030, which focuses on opening new markets for Saudi products, and building partnerships with big countries. “We cannot ignore the weight of China and Japan at the international and global levels,” he said.
He said Vision 2030 will contribute to more openings to the world, and lead to the signing of agreements between the Kingdom and the countries visited in a manner that will positively affect the growth of the Saudi economy and globally enhance its position.
Abdullah Ahmed Al-Maghlouth, a member of the Saudi Economic Association, said the King’s visit to China is proof that Saudis are aspiring toward Chinese investments and experiences in a manner that will help them achieve Vision 2030.


Saudi Arabia's KSRelief distributes assistance to Syrian refugees in Lebanon

KSRelief distributed assistance to Syrian refugees. (SPA/file)
Updated 20 min 20 sec ago
0

Saudi Arabia's KSRelief distributes assistance to Syrian refugees in Lebanon

  • KSRelief seeks to ensure that the living conditions of Syrian refugees are in accordance with international specifications
  • The center also distributed 3,500 cartons of dates in the villages of Izzala Al-Jumah in Yemen

JEDDAH: The King Salman Humanitarian Aid and Relief Center (KSRelief) distributed humanitarian aid including birth kits, personal bags and baby blankets to Syrian female refugees staying in Osman Hospital and Central Hospital in Kattermaya, Kharoub province of Lebanon on Friday.

This distribution is within the framework of the assistance provided by the center for displaced Syrians and refugees in neighboring countries. 

KSRelief seeks to ensure that the living conditions of Syrian refugees are in accordance with international specifications through various relief programs. 

Earlier, winter blankets, jackets, jumpers, hats and other items were distributed to meet the basic needs of refugee families.

The center also distributed 3,500 cartons of dates in the villages of Izzala Al-Jumah in Al-Mukha directorate in Taiz governorate, benefiting 21,000 people.

In addition, 36 trucks with 469,483 kg of relief, shelter and medicines crossed Al-Wadiaa border on Thursday evening as part of the KSRelief plan to help Yemenis.

Of this total, 26 trucks with 500 food baskets, weighing 375 tons, in addition to 43,173 kg of shelter items, will be heading to Maareb province, and ten trucks carrying 42,221 kg of shelter items and 9.89 tons of medications will go to Aden.

On Thursday, the Bahraini Royal Charity Foundation and the Khalifa bin Zayed Foundation for Humanitarian Affairs signed an MoU for the establishment of the Bahrain Health Center in Aden, Yemen, at a cost of $2 million, in the presence of Ahmed bin Ali Al-Bayez, assistant general supervisor of operations and programs at KSRelief, and a number of officials. SPA, Jeddah