Adel Al-Jubeir to co-chair Saudi-Italy meeting

Saudi Foreign Minister Adel al-Jubeir. (AFP)
Updated 22 November 2017
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Adel Al-Jubeir to co-chair Saudi-Italy meeting

RIYADH: Saudi Foreign Minister Adel Al-Jubeir will co-chair with his Italian counterpart Angelino Alfano a joint commission meeting between the two countries in Rome on Dec. 4, Italian Ambassador Luca Ferrari said here on Monday. A high-profile meeting of Saudi and Italian businessmen will also be organized on the sidelines of the meeting.
Al-Jubeir will visit Italy from Dec. 4 to attend the joint commission meeting, and to hold talks with top Italian officials. “The joint commission meeting will enable both countries to comprehensively review bilateral cooperation in defense, economic, archaeology, tourism and cultural spheres and enhance business exchanges within the framework of the Saudi Vision 2030,” said Ferrari.
“About 100 leading Saudi companies will be represented by their chairmen or chief executives in the business meeting,” he added. Ferrari was speaking to newsmen after formally inaugurating the Italian food festival at Lulu hypermarket here on Monday evening.
He said that the Italian companies could play a major role in the development of Neom city, especially in the area of robotics and information technology. “In fact, among the areas where Italy sees the most promise are robotics and automation, a fantastic industry with more than 400 companies,” said the diplomat, while referring to robots’ components supplied by Italian companies to China and many other countries.
Referring to the tie-up between Italy and Lulu, the ambassador pointed out that “Lulu has planned to open 20 hypermarkets in Italy.”
“This partnership with Lulu will help Italy to boost its exports, especially agri-sector exports, to different countries as Lulu has a strong global network of departmental stores and hypermarkets,” said the envoy.
He said that the agri-food sector represents 30 percent of our gross domestic product (GDP) in Italy. In fact, the Italian economy is also doing pretty well, and it advanced 1.8 percent year-on-year in the third quarter of 2017, above 1.5 percent in the previous period, preliminary estimates showed.


Saudi Cabinet praises creation of new energy park, Al-Turaif restoration efforts

King Salman chaired the session. (SPA)
Updated 2 min 18 sec ago
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Saudi Cabinet praises creation of new energy park, Al-Turaif restoration efforts

  • The government also praised the GCC communique
  • The Cabinet welcomed the restoration of Al-Turaif Historical District and a new energy park called SPARK which was inaugurated on Monday by the crown prince

RIYADH: King Salman chaired the weekly Cabinet session at Al-Yamamah Palace in Riyadh on Tuesday. The ministers praised the final communique issued at the end of the Gulf Cooperation Council (GCC) summit held in Riyadh.

The Cabinet also welcomed the restoration of Al-Turaif Historical District — a project that the king inaugurated in the presence of other GCC leaders this week.

The ministers also discussed the importance of the establishment of the King Salman Energy Park (SPARK), which Crown Prince Mohammed bin Salman inaugurated on Monday.

SPARK is an energy megaproject that will position Saudi Arabia as a global energy, industrial and technology hub.

Minister of Media Dr. Awwad Al-Awwad said the Cabinet approved a number of resolutions on various issues. It approved a memorandum of understanding (MoU) signed between the King Abdul Aziz City for Science and Technology and the Institute of Genetic Diseases of France to increase cooperation in the health sector.

The Cabinet, Al-Awwad said, also approved an MoU to boost cooperation between Saudi Education Ministry and its Tunisian counterpart.

Members of the board of directors of the National Center for E-learning were also approved, he added.