KSA hopes Fatah-Hamas reconciliation will help Palestinians gain legitimate rights

People release pigeons during an event to show support for a unity deal between rival Palestinian factions Hamas and Fatah in Gaza City on October 13, 2017. (REUTERS/Mohammed Salem)
Updated 14 October 2017

KSA hopes Fatah-Hamas reconciliation will help Palestinians gain legitimate rights

JEDDAH: Saudi Arabia on Friday expressed hopes that the reconciliation of rival Palestinian factions Fatah and Hamas will help them gain their legitimate rights.
A statement carried by the Saudi Press Agency (SPA), citing a sources at the Ministry of Foreign Affairs, said it is the kingdom's "hope that this important achievement would achieve the hopes and aspirations of the brotherly Palestinian people to end the division and achieve Palestinian unity, thereby enabling Palestinian brothers to achieve their legitimate rights in accordance with the resolutions of international legitimacy and the Arab peace initiative."
The two Palestinian factions signed a reconciliation agreement on Thursday in Cairo after Hamas agreed to hand over administrative control of Gaza, including the key Rafah border crossing, a decade after seizing the enclave in a civil war.
Also on Thursday, United Nations Secretary-General Antonio Guterres congratulated Palestinian President Mahmoud Abbas on the national reconciliation agreement.
In a telephone call, he expressed optimism on the latest progress allowing the Palestinian government to shoulder its responsibilities in Gaza, welcoming Egypt's efforts to reach this goal and calling for solving the humanitarian crisis in Gaza, particularly the power cut and traffic jam.
Guterres reiterated his organization's readiness to continue with the Palestinian authority and the countries of the region their support for the government in Gaza, SPA said.

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

Updated 20 February 2019

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.