Trump, crown prince discuss Qatar row

File photo: US President Donald Trump and then Saudi Deputy Crown Prince Mohammed bin Salman, Prince Mohammed was made crown prince on Wednesday. (AFP)
Updated 22 June 2017
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Trump, crown prince discuss Qatar row

WASHINGTON: US President Donald Trump on Wednesday congratulated Saudi Arabia’s newly appointed Crown Prince Mohammed bin Salman, with whom he discussed the diplomatic row between Qatar and its Gulf neighbors, including Riyadh.
“The president and the crown prince committed to close cooperation to advance our shared goals of security, stability, and prosperity across the Middle East and beyond,” the White House said in a statement about their telephone talks.
“The two leaders discussed the priority of cutting off all support for terrorists and extremists, as well as how to resolve the ongoing dispute with Qatar,” the statement added.
Trump and the crown prince additionally “discussed efforts to achieve a lasting peace between the Israelis and the Palestinians and ways to further deepen economic cooperation between the United States and Saudi Arabia.”
Prince Mohammed bin Salman was the first Arab leader to officially meet with Trump at the White House  in March and then also met him in Riyadh last month.
Earlier this month, Riyadh and several of its allies including Egypt, Bahrain and the UAE, cut ties with Qatar over accusations that Doha supports extremist groups, including some linked to Iran — a claim Tehran denies.
US Secretary of State Rex Tillerson said Saudi Arabia and its allies have drawn up a list of demands to be presented to Qatar.
“We hope the list of demands will soon be presented to Qatar and will be reasonable and actionable,” he said.
“We support the Kuwaiti mediation effort and look forward to this matter moving toward a resolution,” added Tillerson, who has been tasked by Trump to oversee an end to the standoff.

— With input from AFP


Crown prince: Saudi investment in India to reach $100bn

Updated 20 February 2019
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Crown prince: Saudi investment in India to reach $100bn

  • Mohammed bin Salman says value of investments to increase rapidly over next two years
  • Modi praised relations between the two countries after signing cooperation agreements

DUBAI: Crown Prince Mohammed bin Salman said on Wednesday he expects Saudi Arabia’s investments in India will be worth $100 billion in the next two years.

During a press conference with India’s Prime Minister Narendra Modi, the crown prince said the Kingdom had invested $10 billion in technology and small companies in India which had “achieved very remarkable returns.”

Speaking on the second day of hist India visit, and after the signing of five agreements with Modi, the crown prince also said that there were many opportunities for India in Saudi Arabia.

“We expect that the opportunity we are developing in India in many fields will exceed 100 billion dollars over the next two years,” Prince Mohammed said. “We want to work as two governments to ensure these investments and achieve beneficial returns for both countries. 

“We also hope that relations between the Kingdom of Saudi Arabia and India will contribute to providing more opportunities for Indian laborers and manpower to contribute to the future of the Kingdom of Saudi Arabia and building the Kingdom's Vision 2030.”

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The crown prince spoke of the depth and history of relations between the two countries, acknowledging the role Indian labor and businesses had played in the Kingdom’s development.

He also said the economic partnerships were grounded in the two nation’s similar challenges - “extremism, terrorism and the security of the Indian Ocean.”

He said Modi’s visit to the Kingdom in 2016 had achieved investments worth $44 billion in refining and petrochemicals.

The two countries planned to expand India’s oil storage capacity to make India an “important regional center in distributing oil and its products.”

"As a neighbor who guarantees suppying us with energy needs, the Kingdom is considered India's most important partner," Modi said. "We have enhanced our relations through establishing a strategic partnership."

The crown prince and Modi earlier oversaw the signing of agreements in the fields of investment, tourism, housing and information and broadcasting.

It was also announced that the Kingdom would join the International Solar Alliance, a group of countries focussed on improving solar technology.

Prince Mohammed then met a number of CEOs from India's leading businesses.

The crown prince arrived in India after a two-day trip to Pakistan as part of a tour of Asia.

Earlier he attended a ceremonial welcome in New Delhi after landing in the country on Tuesday evening.