KAICIID chief lauds King Salman’s efforts against terror, extremism

KAICIID Secretary-General Faisal bin Abdulrahman bin Muammar addresses at the 30th International Summit on Religion in Kyoto, Japan on Saturday. (SPA)
Updated 06 August 2017
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KAICIID chief lauds King Salman’s efforts against terror, extremism

JEDDAH: The secretary-general of the King Abdullah bin Abdul Aziz International Center for Interreligious and Intercultural Dialogue (KAICIID), Faisal bin Abdulrahman bin Muammar, on Saturday lauded King Salman’s efforts in establishing global centers against extremism and terrorism.
“The lack of coordination in the combat of terrorism has fueled the rise of extremists, who brought many areas in the world into violent conflict in the name of religion and politics,” bin Muammar said while attending the 30th International Summit on Religion in Kyoto, Japan.
In his speech titled “The role of clergymen and religious institutions in supporting policymakers to combat extremism and terrorism,” he said dialogue and understanding are key to building knowledge and trust between religions and cultures.
He stressed the need to support individuals, institutions and clergymen to reinforce efforts against terrorism and hatred.
All religions are based on mercy, forgiveness and respect of the other, said bin Muammar, who stressed the need to find comprehensive and sustainable solutions.
He gave a presentation on the activities of KAICIID, an international organization established by Saudi Arabia in 2012 with participation from Austria, Spain, the Vatican, and a board of nine religious leaders representing the world’s major faiths and cultures.


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

Updated 18 June 2019
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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.