Vintage cars at Aramco fest tell the story of oil discovery in KSA

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Visitors take a look at the vintage cars on display at the 2nd Safari Abqaiq Festival in the Eastern Province.
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Visitors take a look at the vintage cars on display at the 2nd Safari Abqaiq Festival in the Eastern Province.
Updated 20 January 2018

Vintage cars at Aramco fest tell the story of oil discovery in KSA

DAMMAM: Saudi Aramco is parading four vintage American cars at the 2nd Safari Abqaiq Festival, which ends on Saturday in the Eastern Province.
The company is displaying 1951 Dodges and 1954 Fords, according to the Saudi Press Agency (SPA).
Aramco’s participation in the festival is focused on the history of oil discovery and drilling in the region, in keeping with the event’s theme, “The Heritage of the Desert.”
The cars were used to transport Aramco employees to and from oil exploration and drilling areas, as well as materials from the port to the areas in which Aramco operated following the establishment of its transport department in 1943.
The company has also prepared shows about safety during winter, traffic safety, and the company in general.
Nasser Al-Nafisi, vice president for Aramco’s affairs, said: “Saudi Aramco is very keen to support tourism across the Kingdom and emphasize the historic role of the oil industry in Saudi Arabia as part of its Vision 2030.”
He also pointed out that Aramco’s participation in the Safari Abqaiq Festival would raise awareness of the region’s ancient history and its importance as a winter tourism destination.
The festival offers a wide variety of activities for families, including traditional markets, children’s activities, camel-riding, a tent of ancient antiquities, falconry, an environmental oasis, competitions, classic cars, desert lodges, camel shows, folk arts, and many other desert-related activities.

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

Updated 55 min 25 sec ago

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.”



Crown Prince Mohammed bin Salman pledges commitment to Saudi-Indian relations

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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.