Saudi Vision 2030 provides mutual opportunity, says Chinese envoy

Chinese ambassador to Saudi Arabia, Li Huaxin
Updated 19 January 2018
0

Saudi Vision 2030 provides mutual opportunity, says Chinese envoy

RIYADH: The Chinese ambassador to Saudi Arabia, Li Huaxin, has said that his country considers Vision 2030 an opportunity for integration between the two countries, and that China’s Belt and Road Initiative (BRI) is compatible with it.
In a press statement, Li said that a visit to China by the Saudi justice minister and chairman of the Supreme Judicial Council, Walid Al-Samaani, represented a new round in consolidating bilateral relation.
“The two sides discussed a draft agreement for civil and commercial judicial cooperation between the two countries. This agreement is co-welcomed because the Kingdom’s Vision 2030 and its programs represent a great opportunity to deepen partnerships and commercial exchanges,” Li said.
The ambassador added that legal measures taken by the Saudi government against corruption were part of an ambitious initiative to clean up the investment environment for the benefit of all partners, including Chinese companies.
“The new steps taken by the Ministry of Justice in launching commercial courts in different regions reflect tangible evidence that the Kingdom is a state of law, and sends a message to the world that it is working to establish rights and justice in order to support the investment environment in the Kingdom,” he said.
In 2016, bilateral trade reached $43 billion.
In the cultural field, Li said that the two sides had agreed to translate 50 Saudi books into Chinese and 50 Chinese books into Arabic.


King Abdullah University of Science and Technology to manufacture vaccines

The new establishment will be located at KAUST research complex and is set to host several leading local and international research and development firms. (SPA)
Updated 5 min 55 sec ago
0

King Abdullah University of Science and Technology to manufacture vaccines

  • Three KAUST startups were named on the “Top 10” list of the best companies in the Startup Istanbul 2018 international competition, which took place from Oct. 19-22

JEDDAH: King Abdullah University of Science and Technology (KAUST) on Saturday launched the Saudi Center for Manufacturing and Developing Medical Vaccine Proteins.
The project, the first of its kind in the Middle East, will be established in partnership with Research Products Development Co. and SaudiVax. The center will manufacture vaccines, which will be the first line of defense against epidemics in the Kingdom, such as coronavirus.
The new establishment will be located at KAUST research complex and is set to host several leading local and international research and development firms.
Three KAUST startups were named on the “Top 10” list of the best companies in the Startup Istanbul 2018 international competition, which took place from Oct. 19-22.
iyris, Oaesis and UnitX were selected from the top 100 startups out of over 90,000 applicants from over 80 countries in Asia and Europe.
The university supports emerging companies on their journeys from the early stages of ideation to marketing and financial support.