Saudi-Turkmenistan Joint Committee explores ways to boost trade, investment relations

Turkmen and Saudi officials are seen during a cultural affair Jeddah in Jeddah in this Sept. 30, 2016 file photo. Economic cooperation between the two countries is also being strengthened. (SPA)
Updated 10 November 2017
0

Saudi-Turkmenistan Joint Committee explores ways to boost trade, investment relations

RIYADH: The Saudi-Turkmenistan Joint Committee for Economic and Trade Cooperation held its fifth session in Riyadh, reviewing bilateral cooperation and the joint committee’s important role in further enhancing trade and investment relations between the two countries.
The joint committee meeting was co-chaired by Minister of Commerce and Investment Majid Al-Qassabi and Maksat Babayev, the deputy premier of Turkmenistan, who is on a two-day visit heading a 40-member delegation comprising businessmen and senior officials from his country.
The Turkmenistan ambassador in Riyadh, Chariyev Orazmuhammed told Arab News Thursday that Babayev, who is also the deputy chairman of the Turkmen Cabinet, arrived Wednesday for the joint committee meeting, during which the two sides discussed ways of enhancing cooperation between the two countries as well as developing partnerships among the private sectors.
Key issues of common concern in the fields of trade, investment, agricultural, energy and cooperation in education, culture, health, tourism and other fields were also discussed to benefit the two sides.
During the meeting, Al-Qassabi stressed that the two sides must consolidate and develop trade and joint cooperation in all fields due to the great potentials in the two countries, as well as the promising opportunities provided by Vision 2030.
The two sides co-signed the minutes of the joint committee meeting at its conclusion, said the Turkmenistan ambassador, adding that on the sidelines of the joint meeting, a national export funding agreement was signed between the Saudi Fund for Development (SFD) and the Bank for Foreign Economic Affairs of Turkmenistan with a value of $40 million.
Moreover, an agreement for implementing a pipeline project was signed between the Saudi Global Pipe Co. (SGPC) and the National Gas Holding Company of Turkmenistan (Turkmen Gas), besides the agreement between Saudi Aramco and Turkmen Gas, and SABIC and Turkmen Gas.
The envoy said that the deputy premier left Riyadh Thursday for Jeddah from where he will wrap up his trip.
In Jeddah, the Turkmen delegation led by Babayev held a meeting with high-level IDB officials and signed an agreement on bilateral cooperation, the envoy said.
Earlier, Babayev met Minister for Energy, Industry and Mineral Resources Khalid Al-Falih in Riyadh and discussed the current situation in the oil market, noting the ongoing re-balancing efforts.
Both ministers reiterated the importance of the historical agreement between OPEC and non-OPEC countries to curb production, and its role in maintaining market stability, and encouraging investments in future supply.
Babayev also expressed his appreciation of the Kingdom’s efforts in boosting the cooperation and investment opportunities between the two sides.
He also announced Turkmenistan’s intent to attend the Declaration of Cooperation meeting in Vienna on Nov. 30, as an observer.


KSRelief to provide 5,000 Yemenis with school supplies

Saudi Arabia is ranked the first donor in the world when it comes to humanitarian financial and logistical support in Yemen. AFP
Updated 40 min 19 sec ago
0

KSRelief to provide 5,000 Yemenis with school supplies

  • There are two million Yemeni children out of school because of the Houthis’ aggression against civilians
  • The total cost of all the projects provided by KSRelief since its establishment is $70 million

JEDDAH: King Salman Humanitarian Aid and Relief Center (KSRelief) has launched a project to provide Yemeni students and schools with supplies to ensure that education continues across the country despite the brutal acts of militants. The trucks started to carrying the aid from Riyadh to Yemen on Monday.

“It is a project to provide Yemen’s schools with the essential needs to ensure a better and smoother educational environment, such as chairs, desks, and boards, in addition to students’ supplies. It will support nearly 5,000 students across Yemen,” said Dr. Samer Aljetaily, spokesman for KSRelief.
“The trucks will arrive first in Ma’arib, then it will be distributed to the most needed areas across the country’s schools and students.”
“My Education” is one of the big projects given to support Yemen’s people in health, shelter, infrastructure, environment and education to help the country stand on its feet regardless of any devastation caused by the militants.
“The total cost of all the projects provided by KSRelief since its establishment is $70 million. In terms of education, the center has given financial aid to schools, paid teachers’ salaries, and provided students’ essential school needs and meals. We will continue supporting our brothers and sisters in Yemen in all sectors.”
This project has been supported by the Saudi Ministry of Education and the Saudi-led Islamic Military Coalition. “The coalition always supports our all initiatives in the interest of Yemeni citizens. The coalition will protect the aid till it arrives in Ma’arib, then it will support logistically to facilitate the distribution of the supplies. Education is a priority for the Saudi government and for KSRelief.
“We have always supported education in Yemen and always will, whether it is for schools, educational institutions, students, teachers, or even educational curricular and psychological support departments to help students become better amid all the horrific acts caused by the Houthis. KSRelief is very keen on building a strong future with a well-educated generation of Yemenis.”
Asked whether there is a lack of international support for Yemen, he told Arab News: “Saudi Arabia, along with the UAE, has attracted global attention to Yemen’s humanitarian status in different ways, including direct funding for the infrastructure of the country and huge support for health, education and the environment. Saudi Arabia is ranked the first donor in the world when it comes to humanitarian, financial and logistical support in Yemen. This has encouraged other countries’ support as well.
“The UAE has greatly supported the Yemen humanitarian file with $1 billion. The international community has reacted to this.
“However, there must be more international collaboration to reduce the militants’ attacks on the aid and supplies and facilitate the entry of aid and ensure a higher level of safety. There is also need for better cooperation to protect students and children in the militants’ controlled areas,” he emphasized.
“The Saudi Ministry of Education has supported this initiative by providing school supplies and students’ essential supplies.”
There are two million Yemeni children out of school because of the Houthis’ aggression against civilians.