Regional stability needed for KSA to achieve Vision 2030 goals: Saudi envoy

Almost 99 percent of graduated Saudi students who studied abroad go back to Saudi Arabia, according to Saudi Arabia's US ambassador. (Supplied)
Updated 17 June 2018
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Regional stability needed for KSA to achieve Vision 2030 goals: Saudi envoy

  • Saudi Arabia and its Gulf allies, as well as the US and other countries, have accused Iran of exporting the extremist ideology of its ruling clerics and of supporting terrorist movements
  • Iran is also accused of arming Yemen’s Houthi militias, which are trying to dislodge the internationally recognized government of President Abed Rabbo Mansour Hadi

JEDDAH: A stable Middle East is vital for Saudi Arabia to achieve its Vision 2030 goals and Iran’s regional destabilization program is a hindrance, the Kingdom’s ambassador to the US said on Saturday.
“This clash of visions is the problem with Iran. We have Vision 2030. They have Vision 1979,” Prince Khaled bin Salman said in a panel discussion at the E2 Summit in the US.
Saudi Arabia and its Gulf allies, as well as the US and other countries, have accused Iran of exporting the extremist ideology of its ruling clerics and of supporting terrorist movements such as the Hezbollah and Al-Qaeda to destabilize its neighbors. Iran is also accused of arming Yemen’s Houthi militias, who are trying to dislodge the internationally recognized government of President Abed Rabbo Mansour Hadi.

“We want to move the region forward. They want to move the region backward,” the ambassador said.
He said Saudi Arabia is nonetheless on track with Vision 2030, which is a slew social and economic policies meant to free the kingdom from dependence on oil exports and “to build a prosperous and sustainable economic future” through programs such as developing the local work force and empowering women to become more productive partners in nation-building.
In fact almost 99 percent of graduated Saudi students who studied abroad go back to Saudi Arabia, he said.
“Saudi people do not love their country because it’s modernized. But, they modernize their country because they love it,” he said.
On the issue of women empowerment, Prince Khaled noted that the head of the Saudi Stock Exchange, also known as the Tadawul, is a woman.
“I’m glad to hear @NYSE just appointed a woman for the first time last month which took 226 years. It took us 34 years, and we are only 86 year old,” he said, referring to the New York Stock Exchange.
The annual E2 Summit brings together a cross section of influential business, political, and global policy leaders “to discuss the strength and future of American leadership.”


Mexican delegation visits Saudi Arabia to promote trade and discuss investment

The Mexican ambassador further declared that his country, like Saudi Arabia, is one of the top 20 economies in the world and is eager to strengthen mechanisms of collaboration in different areas. (SPA)
Updated 17 November 2018
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Mexican delegation visits Saudi Arabia to promote trade and discuss investment

  • The visiting team expressed their desire to benefit from and contribute to the projects presented by the Kingdom’s Vision 2030

RIYADH: A trade delegation from Mexico called on the Saudi business community to strengthen trade partnerships with their counterparts in Mexico and participate in promising opportunities and investment projects in various areas, especially in the construction and infrastructure sectors.
“A delegation from the National Bank for Services and Public Works (BANOBRAS), the most important development bank in Mexico, visited Saudi Arabia to promote investment opportunities that will bring the countries closer together,” Mexican Ambassador Alfredo Miranda told Arab News on Friday.
Miranda accompanied Alejandro Blasco, head of investor relations at BANOBRAS, and Luis Ampudia, deputy head of investor relations, during the meeting at the Council of Saudi Chambers (CSC).
The Saudi delegation was made up of CSC Secretary-General Saud Al-Meshari; Vice Chairman and Managing Director of the Saudi Fund for Development Khalid S. Alkhudairy; and head of stakeholder management of the Public Investment Fund (PIF) Saad A. Alkroud.
During the meetings, the Mexican delegation shared the opportunities available in Mexico for identifying possible public-private partnerships and financing social infrastructure projects, and they discussed the potential of investment opportunities in Mexico as part of the PIF’s international diversified pool, said the envoy.
The visiting team expressed their desire to benefit from and contribute to the projects presented by the Kingdom’s Vision 2030.
The Mexican ambassador further declared that his country, like Saudi Arabia, is one of the top 20 economies in the world and is eager to strengthen mechanisms of collaboration in different areas, taking into account that Mexico’s GDP is $1.1 trillion, has a population of 129 million inhabitants, an inflation rate of 4 percent and very low unemployment of just 4 percent.
“I am sure both countries will continue to work together in order to have more Mexicans in Saudi Arabia and more Saudis in Mexico,” said Ambassador Miranda.