Vision 2030 – a gateway to enhance Pak-Saudi ties

Updated 14 August 2017
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Vision 2030 – a gateway to enhance Pak-Saudi ties

Pakistan and Saudi Arabia enjoy excellent bilateral relations. Close geographical proximity, historic trade ties, religious affinity and the complementary nature of economic needs have created a strong basis of trust between the two countries.
In addition, there is a convergence of views and interests of the two sides on most regional and international issues.
In commercial and trade sector, Pakistan and Saudi Arabia maintain good relations. The Kingdom is among the top 20 major export destinations of Pakistan. Pak-Saudi annual bilateral trade had traditionally been around $3 billion, which in the last year had reduced around $1.2 billion because of low oil prices.
Major items of exports from Pakistan to Saudi Arabia include food, textiles, leather goods, sports equipment and surgical instruments etc. while Pakistan imports major requirements of petroleum from Saudi Arabia. The other items of import from Saudi Arabia, though minor in volume, include petrochemicals, organic chemical products, plastic and plastic products, fertilizers, steel products, electrical equipment and materials etc. However, there exists a trade imbalance in favor of Saudi Arabia, mainly due to the bulk import of petroleum in Pakistan from Saudi Arabia.
Efforts are underway on both sides to increase and balance the bilateral trade volume by drawing common contours between “Saudi Vision 2030” and “Pakistan Vision 2025” supported by a new era of socioeconomic development of Pakistan through the China-Pakistan Economic Corridor (CPEC) and its allied opportunities.
The Vision 2030 envisages the desire for linkages with the international markets and offers a win-win situation for both partners. In order to capitalize on this opportunity and matching it with Pakistan Vision 2025, there is a need for adopting trade and economic diplomacy as an integral part of our strategy to improve bilateral trade and investment.
In line with the above strategy, the Pakistan diplomatic missions in Saudi Arabia are following a business plan that highlights ways and means to improve bilateral trade and investment, to seek opportunities for joint ventures in manufacturing and services sectors and to strive for human resource development. These missions are working to ensure easy access of information to potential buyers of Pakistani products.
In order to contribute to the goal of industrialization under the Vision 2030, diplomatic missions are also developing a business model whereby the Saudi manufacturing sector would be developed by having Saudi capital investment supplemented by the technology and skilled manpower from Pakistani counterparts as joint venture (JV) partners for these sectors. It would be a win-win situation for both sides.
The journey of socioeconomic development with mutual cooperation between the two brotherly countries is ongoing and there is no doubt that the Vision 2030 would prove to be a gateway to improve Pak-Saudi bilateral economic relations making them partners in the prosperity of each other.
• The writers are members of the Commercial Team at Pakistan Consulate, Jeddah and could be reached at [email protected]


Ronaldinho plans Saudi Arabia football academy in Jeddah

Updated 8 min 39 sec ago
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Ronaldinho plans Saudi Arabia football academy in Jeddah

  • Backstage at Misk Global Forum, Brazilian football legend reveals intention to open school some time next year
  • Player offered advice for audience, speaking about the value of teamwork, learning from failure and the rewards of giving back

RIYADH: Ronaldinho plans to open a football academy in Jeddah some time next year, the Brazilian football legend revealed to Arab News backstage in an exclusive interview after his appearance at the Misk Global Forum on Wednesday.

“First of all, I want to say thank you for a warm reception and kindness which I have received from the Saudi people,” he told Arab News. “As for the kids, those who want to be a player some day, dedicate as much as you can and follow your dreams.”

Earlier, Ronaldinho appeared on stage to a chorus of cheers at the end of the day’s sessions, where he gave a talk titled the Discipline – and Fun – of Teamwork. 

”I was lucky enough to be on a team with stars,” he said of his career with European clubs Paris St-Germain, Barcelona and AC Milan, and a World Cup win in 2002 with the Brazilian national team. “We all respected each other.

“For me it was wonderful, because my history with this team and players was a beautiful one: To idolize them and later play with them and later win titles again…”

Ronaldinho said he feels grateful for his God-given talent. “Throughout my career we had a plan, and I always worked hard. God gave me the privilege to play football. It was fun, not a sacrifice.”

“I’ve always liked to have a ball around me, to have contact with the ball.”

His advice for the audience? “Prepare yourself and help your colleague or team member,” he said. “Humility is important. Try to stay humble.”

He also said to train hard, read as much as you can and don’t fear failure. “I failed a lot of times,” he said. “Football is like that. You can’t always win. You have to seek lessons from the defeats and not lose hope.” 

Now that he’s retired, Ronaldinho is more concerned with giving back. “After I stopped playing, I have soccer academies. That’s what I’m proud of, and it has given me pleasure. To give something back (as a)  thanks to football and everything it have given me.”