Deal to localize renewable energy technologies signed

Officials of Um Al-Qura University and King Abdullah City for Atomic and Renewable Energy (KACARE) sign deal to localize renewable energy technologies at the holy sites. (SPA)
Updated 30 July 2017
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Deal to localize renewable energy technologies signed

RIYADH: Um Al-Qura University and King Abdullah City for Atomic and Renewable Energy (KACARE) have signed a memorandum of understanding (MoU) to localize renewable energy technologies at the holy sites, the Saudi Press Agency (SPA) said.
Rector of Um Al-Qura University Bakri Assas and Deputy President of KACARE Walid Abu Al-Faraj signed the deal for their respective parties at the Jeddah Hilton Hotel.
He said the institute is honored to cooperate with all parties related to the study and promotion of Hajj and Umrah services in line with the National Transformation Program (NTP) 2020 and Vision 2030.
The memorandum aims for the optimal use of renewable energy technologies to serve pilgrims at the Grand Mosque through the initiative of localizing renewable energy technologies. This initiative is in line with Vision 2030 aims to provide services to more than 5 million pilgrims by 2030, he pointed out.
He commended the cooperation demonstrated by Um Al-Qura University to implement items contained in the memorandum which will be applied in the current Hajj season. 


Saudi Crown Prince takes Pakistan bond ‘to new level’

Updated 18 February 2019
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Saudi Crown Prince takes Pakistan bond ‘to new level’

  • Asseri said Saudi Arabia has deferred payments on oil worth billions of US dollars from time to time in order to ease pressure on the Pakistan economy
  • Pakistan’s relatively young population is also hoping for a stronger relationship with the Kingdom

RIYADH: A major transformation is underway in Saudi Arabia’s economic relationship with Pakistan, according to Dr. Ali Awadh Asseri, a former ambassador to Islamabad.

In a wide-ranging interview with Arab News, the former envoy said greater interaction between business and the private sectors in both countries will take the historical bond “to a new level.” 

Asseri, who spent nine years in Islamabad and was the second-longest serving Saudi ambassador to the country, said: “We know that Saudi Arabia and Pakistan have always enjoyed an incomparable level of understanding and friendship based on religion, culture and values. There is a historical bond between the two countries. 

“I have no doubt that Crown Prince Mohammed bin Salman is taking a cohesive approach to strengthen the relationship and take it to another level.” 

Asseri said that while Saudi Arabia and Pakistan cooperated closely on security matters, bilateral trade between the countries remained limited to about $4 billion. 

“We need to ... encourage the private sectors to interact more. We can help Pakistan’s industry and we need to become more involved in the trade sector. There are advanced industries and firms in Pakistan, and they have raw materials — it’s a good environment for investors.”

Asseri said Saudi Arabia has deferred payments on oil worth billions of US dollars from time to time in order to ease pressure on the Pakistan economy. The Kingdom is also making billion-dollar direct investments in the country in line with the China-Pakistan economic corridor. 

“I am happy to see a major transformation underway in Saudi-Pakistani economic relationships with our leadership and government deciding to invest in the economic development of Pakistan,” he said. 

The former ambassador said frequent official visits between the two countries were important. 

“I came back recently from Pakistan, and the vibe of the media, government and people was so optimistic. Pakistanis were excited about the crown prince’s visit. People hope it will bring great opportunities for the economy as well as strengthening the political and social ties between the two countries,” he said.

Asseri said Saudi Arabia and Pakistan had faced many challenges together in recent decades.

In 2001, during Asseri’s first year as Saudi ambassador in Pakistan, the 9/11 attacks on New York led to greater cooperation between Islamabad and Riyadh in dealing with terrorism.

The Kingdom had been closely involved with Pakistan since its independence, he said. “King Abdul Aziz sent King Saud and Prince Faisal to Pakistan at that time. So if we go back through history, we can see that this relationship is truly unique.” 

Asseri also highlighted the ties between the two countries on humanitarian issues, security and military issues, saying: “Pakistan has suffered serious security and humanitarian consequences of the decades-long war in Afghanistan, besides housing millions of Afghan refugees.

“Together Saudi Arabia and Pakistan have worked for peace in Afghanistan and will do whatever it takes to achieve this long-desired goal.”

Asseri said Pakistanis were quick to show their appreciation for Saudi Arabia’s assistance in the past regardless of the change in Pakistani leadership over the years. 

“The relationship is unique because it is between people. Such a relationship (will) keep growing with every generation.

“When Pakistan was in a difficult position in 2005 after a devastating earthquake, Saudi Arabia went out of its way to provide the support it needed. Prince Ahmed bin Abdul Aziz and eight ministers visited Balochistan. Field hospitals were created with Saudi doctors treating people and performing surgery there.” 

Pakistan also has a deep loyalty to Saudi Arabia, Asseri said. “Pakistan has military expertise, and through cooperation between the two countries, it helped the Saudi military during its development.” 

“The Kingdom’s recent appointment of a Saudi commercial attache in Pakistan will also bolster the economic links between the two countries,” he said. 

“There are good minds in Pakistan and good products that could be manufactured in Saudi Arabia.”

Asseri said he is also optimistic that Saudi plans to build a major oil refinery in Gwadar will help create an “economic hub.” 

The former envoy said the Saudi crown prince’s visit to Pakistan will add to the relationship between the countries. 

Pakistan’s relatively young population is also hoping for a stronger relationship with the Kingdom. 

“Young Pakistanis who are advanced in the IT and industrial sectors are looking forward to helping and cooperating with Saudi Arabia, and sharing their experiences and knowledge,” he said.