OIC holds meeting to discuss rise in Islamophobia

Updated 10 April 2017

OIC holds meeting to discuss rise in Islamophobia

RIYADH: The Organization of Islamic Cooperation (OIC) held a workshop and meeting in Istanbul, Turkey, recently to discuss the OIC Islamophobia Observatory’s work in dealing with the rise of anti-Muslim sentiment in the West.
The Research Center for Islamic History, Arts, Culture (IRCICA) and the OIC General Secretariat co-hosted the workshop, according to Maha Akeel, OIC director for information and media department.
The meeting was conducted in panel discussions. The sessions included a review of the OIC Islamophobia Observatory, the role of the diaspora in combating Islamophobia and countering intolerance and discrimination based on religion, and the role of member states and OIC institutions in combating Islamophobia.
Participants reviewed the OIC Islamophobia Observatory and came up with rules and actions to be undertaken by the observatory in light of the recent rise in Islamophobia, the OIC said on its website.
According to a communication from Dodik Ariyanto, OIC representative in Istanbul, the meeting evaluated the actual challenges and provided the observatory with recommendations on the roles and actions to be undertaken.
The experts’ meeting also addressed the challenges and cultivated ideas in terms of ways and means to reenergize the observatory.
The meeting also laid a strong foundation for coordination in the field of Islamophobia and suggested practical measures to improve and strengthen the OIC Islamophobia Observatory.
The meeting was successfully organized with the active participation and contribution of 26 OIC member countries, five institutions, six panelists, 33 experts (scholars, journalists and civil societies) and three moderators.

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.