Saudi Arabia’s crown prince meets with US religious leaders, urges tolerance

Saudi Arabia’s Crown Prince Mohammed bin Salman met with several US religious leaders. (SPA)
Updated 29 March 2018
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Saudi Arabia’s crown prince meets with US religious leaders, urges tolerance

NEW YORK: Saudi Arabia’s Crown Prince Mohammed bin Salman met with several US religious leaders at his residence in New York on Wednesday.
He was joined by Prince Khalid bin Salman bin Abdulaziz, Saudi ambassador to the US, Secretary General of the Muslim World League Dr. Mohammed Al-Issa and Minister of Foreign Affairs Adel Al-Jubeir.
During the meeting, the crown prince stressed the importance of respect between followers of religions and the need to promote the positive values of coexistence and tolerance.


No delays in private sector’s payments, says Saudi ministry

Updated 12 min 53 sec ago
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No delays in private sector’s payments, says Saudi ministry

  • Foreign investment in Saudi Arabia more than doubled in 2018 to reach $3.5 billion

JEDDAH: Saudi Arabia’s Finance Ministry has confirmed that 97 percent of its payments for private sector contracts are paid within 30 days of issue, with 99 percent paid within 60.

The remaining 1 percent of payments, the ministry said, were not made due to court orders, or as a result of disputes between the government and the client, and were subject to contractual dispute resolution mechanisms. 

Foreign investment in Saudi Arabia more than doubled in 2018 to reach $3.5 billion.

Attracting foreign investment is a key part of the Vision 2030 plan to diversify the economy away from oil revenues. 

The Kingdom is also taking all steps to make small and medium enterprises the main engine for economic development.