Major deals expected during Saudi crown prince’s London visit

A handout photo provided by the Saudi Royal Palace on April 4, 2017 shows Saudi Crown Prince Mohammed bin Salman (2nd L), the Kingdom's defence minister, and British Prime Minister Theresa May (R) greeting officials in the capital Riyadh. (AFP)
Updated 07 March 2018
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Major deals expected during Saudi crown prince’s London visit

LONDON: Saudi Arabia expects to sign agreements with Britain covering a range of issues during Crown Prince Mohammed bin Salman’s visit to London this week, Foreign Minister Adel Al-Jubeir said on Monday.
Britain’s planned exit from the EU did not reduce its attractiveness as an investment destination, the minister told reporters, and he said he expected the crown prince’s visit to take bilateral relations to a higher level.
“Our relationship is so strong that the talks will be broad and wide ranging. There will be agreements and memorandums of understanding signed in a number of areas involving a broad range of issues,” he said during a media briefing at the Saudi embassy.
Asked whether Britain’s departure from the EU, scheduled for March 2019, would affect Riyadh’s view of how attractive Britain is as an investment destination, Al-Jubeir said: “We don’t think so. We think that Britain is one of the great powers.
“British ingenuity and British technology and British know-how is not going to change whether you’re part of the EU or not part of the EU.”


Majlis culture brings a little Saudi warmth to freezing Davos

At a five-star hotel in Davos, the Saudi Arabia General Investment Authority has sponsored a prominent display proclaiming ‘The future-forward economy — Invest Saudi.’ (AN photo)
Updated 23 January 2019
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Majlis culture brings a little Saudi warmth to freezing Davos

  • The Misk Pavilion is one of the many signs of the Kingdom’s enthusiastic involvement in the world’s biggest gathering of political, business and thought leaders

DAVOS: From the sub-zero temperatures of the icy Davos Promenade you are ushered through a glass door into the warmth of a desert majlis, with works by young Saudi artists on the walls and traditional Arabian delicacies being served. It is quite a culture shock.

The Davos majlis is the work of the Misk Global Forum (MGF), the international arm of the organization founded by Crown Prince Mohammed bin Salman to promote youth empowerment. 

The Misk Pavilion is one of the many signs of the Kingdom’s enthusiastic involvement in the world’s biggest gathering of political, business and thought leaders.

“The Kingdom’s participation in WEF 2019 highlights its role in developing the regional and global economy, and reflects the nation’s continuing ambition for sustainable development,” said Bader Al-Asaker, head of the crown prince’s private office and chairman of the Misk Initiatives Center. 

The Saudi delegation’s HQ overlooks the main congress hall, inside the Davos security cordon. 

At a nearby five-star hotel, the Saudi Arabia General Investment Authority has sponsored a prominent display proclaiming: “The future-forward economy — Invest Saudi.” 

This is the second year Misk has been prominent at Davos. As well as the majlis, its pavilion offers visitors the chance to immerse themselves in modern Saudi art via a virtual reality tour of the work of four young artists.

Misk is organizing daily events there, building up to a power breakfast with leading executives on Friday on the theme of youth empowerment.

“In an age of profound economic disruption, we regard young people as the problem-solvers, not a problem to be solved,” said MGF executive manager Shaima Hamidaddin.

“We’re holding interactive discussions on how to empower young people to be the architects of the future economy, not the tenants of it.”