Oil and gas sector is key to increasing number of women in workforce: Report

A view shows Saudi Aramco's khurais mega project in Saudi Arabia, in this February 5, 2013 file photo. (REUTERS)
Updated 19 February 2018
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Oil and gas sector is key to increasing number of women in workforce: Report

RIYADH: Oil and gas is the sector that could lead the change to increasing female participation in the workforce, said the author of a new report launched on Saturday night.
The Canadian Embassy hosted the launch of the report, “Energy: Driving force behind increasing female participation in the Gulf?”
The report is the result of collaboration between the Royal Bank of Canada Capital Markets and the Atlantic Council’s Global Energy Center. The author, Bina Hussein, was at the launch to discuss the report.
“The embassy is proud to launch the report in the Kingdom since promoting women’s economic empowerment and participation is one of Canada’s top priorities,” Aliya Mawani, head of the political and economic section, told Arab News. The report was launched earlier in Abu Dhabi.
The report also covers Qatar, the UAE, and Kuwait. Asked why Oman and Bahrain are not included, Hussein said countries were chosen on the basis of proven oil reserves, being major exporters, and stated intentions to implement reforms that could lead to major societal change.
Khlood A. Aldukheil, a well-known figure in the financial community, served as the moderator. She is the managing director of the Aldukheil Financial Group and the first Saudi woman to attain a CFA designation.
Talking about her report, Hussein said: “Energy is such an integral part of these Gulf economies that it has become part of the diversification process — and if there is one sector that could lead the change to increase female participation in the workforce, the oil and gas sector is it,” she said.
She said with reforms plans, the governments of the selected GCC countries are attempting to bring about similar changes in their economies, without necessarily decreasing the government’s influence or stake in the economies, and keeping the culture and traditions intact.
The report notes the progress in the Kingdom in expanding women’s rights in recent years and that statistically, women tend to be better educated than men.
During the question-and-answer session, everyone agreed the focus should not be just on getting more women into the energy sector, but into positions of leadership and influence in that sector.
Ata Subaity, a Shoura Council member, asked Hussein why she chose the subject when it is known that not many women, if any, are involved in the energy sector.
Hussein, also the associate director with the Global Energy Center, said it was because it is the backbone of the Saudi economy.
Princess Madawi bint Fahad Alfarhan Al-Saud, honorary president of Nafeh Charitable Society, said: “We have to bear in mind that many Saudi women have worked in the engineering sector for several years and some of them worked in jobs not available to men, such as in trams at the Princess Noura bint Abdulrahman University.”
She added the “Vision 2030 plan has made the legal systems safer for Saudi women to work in the energy sector.”
Nujood K. Almulla, a 24-year-old mechanical engineer, said: “The report on the role of women in the energy sector is both critical and timely, given the present circumstances in the Kingdom, including the projects that it has embarked upon.”
She said she feels self-fulfillment in working as energy systems analyst at the King Abdullah Petroleum Studies and Research Center, “given the fact that the energy sector is the backbone of the economy.”


Saudi crown prince signs raft of cooperation agreements with China

Crown Prince Mohammed bin Salman signs an agreement between the Kingdom and China in Beijing on Friday. (SPA)
Updated 23 February 2019
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Saudi crown prince signs raft of cooperation agreements with China

  • the crown prince headed the Saudi delegation at the third session of the China-Saudi Arabia High-Level Joint Committee

BEIJING: Crown Prince Mohammed bin Salman on Friday met with Chinese Vice Premier Han Zheng to discuss ways of further developing relations between the Kingdom and China.

The meeting took place in the grand surroundings of the Great Hall of the People in the Chinese capital Beijing. After their talks, the crown prince headed the Saudi delegation at the third session of the China-Saudi Arabia High-Level Joint Committee which he co-chaired with Zheng.

Delegates at the meeting discussed moves to strengthen cooperation between the two countries on trade, investment, energy, culture and technology, as well as the coordination of political and security matters. The committee also reviewed plans for greater integration between China’s Belt and Road development strategy and the Saudi Vision 2030 reform program.

After agreeing on the minutes of the meeting, the Saudi royal and Zheng took part in the signing of a range of agreements, memorandums of understanding (MoU), investment projects and bilateral cooperation accords between the Kingdom and China:

The cooperation agreement in maritime transport between the Chinese and Saudi governments, signed by Saudi Minister of Commerce and Investment Majid Al-Qassabi and Chinese Minister of Transport Li Xiaopeng.

MoU between the Kingdom’s Ministry of Energy, Industry and Mineral Resources and the National Development and Reform Commission in China, signed by Saudi Energy Minister Khalid Al-Falih and Ning Jizhe, vice chairman of the National Development and Reform Commission.

MoU between the Chinese Ministry of Commerce and Saudi Ministry of Commerce and Investment to form a working group to facilitate trade, signed by Abdul Rahman Al-Harbi, the Kingdom’s deputy minister of commerce and investment, and Qian Keming, Chinese vice minister of commerce.

Loan agreement between the Saudi Fund for Development (SFD) and the Chinese Ministry of Finance to build and equip three hospitals in Yanbian city in Jilin Province, signed by Saudi Minister of State for Foreign Affairs Adel Al-Jubeir and the Chinese deputy finance minister.

Rehabilitation

Loan agreement between the SFD and Chinese Ministry of Finance to reconstruct and rehabilitate areas affected by earthquakes in Sichuan Province, signed by Al-Jubeir and the Chinese deputy finance minister.

Agreement between the Saudi Ministry of Interior and the Chinese Ministry of Public Security to cooperate in fighting cybercrime, signed Nasser Al-Dawood, undersecretary of the Saudi Ministry of Interior, and China’s deputy minister for public security.

MoU between the Public Investment Fund (PIF) of Saudi Arabia and China’s National Committee for energy to invest in renewable energy, signed by PIF head Yasir Al-Rumayyan, and the committee’s vice chairman.

Minutes of the meeting about cooperating in combating terrorism between the Saudi Presidency of State Security and Chinese Ministry of Public Security, signed by Lt. Gen. Abdullah Al-Qarni, deputy director-general of General Investigation for the Kingdom, and the Chinese minister.

MoU between the Saudi Authority for Intellectual Property and the Chinese National Committee for Intellectual Property Rights, signed by Dr. Abdul Aziz Al-Swailem, the authority’s executive chairman, and committee chairman Xin Xiangyu.

MoU to participate in investing in renewable energy projects, signed by the chairman of ACWA Power, Mohammed Abunayyan, and president of the Silk Road Fund, Wang Yanzhi.

Cooperation agreement for Saudi Aramco to acquire 9 percent of Chinese project Zhejiang Petrochemical, signed by Saudi Aramco CEO Amin Nasser and Xung Wi, mayor of Zhushan.

Agreement between Saudi Aramco with NORINCO Group and Panjin Sincen to develop a fully integrated refining and petrochemical complex, located in the city of Panjin in China’s Liaoning province, signed by Nasser and Tang Yijun, governor of Liaoning province and chairman of NORINCO.