Saudi Arabia intercepts ballistic missile launched by Houthi militia towards Jazan

Saudi air defense forces intercepted a ballistic missile launched by the Houthi militia from within Yemeni territory toward the Kingdom. (AFP)
Updated 03 September 2018
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Saudi Arabia intercepts ballistic missile launched by Houthi militia towards Jazan

JEDDAH: Spokesperson for the Coalition to Restore Legitimacy in Yemen, Col. Turki Al-Maliki, said that at 8:22 pm local time (5:22 pm GMT) Saudi air defense forces intercepted a ballistic missile launched by the Houthi militia from within Yemeni territory toward the Kingdom.
Al-Maliki explained that the missile were launched from Saada province toward the southwestern city of Jazan, and was deliberately launched to target civilian and populated areas. 
“The Saudi Royal Air Defense Force succeeded in intercepting and destroying the missile, which did not result in any injuries,” he said.
Al-Maliki added that this hostile act by the Iranian-backed Houthi militia proves the Iranian regime’s continued involvement in supporting the terrorist group in clear and explicit defiance of UN resolution 2216 and resolution 2231.
He noted the Houthi attacks are aimed at threatening the Kingdom’s security, as well as regional and international security and the firing of ballistic missiles at populated towns and villages is contrary to international humanitarian law.
The total number of ballistic missiles launched by the Iranian-backed Houthi militia toward Saudi Arabia so far has reached 186 rockets.


High-level investment forum aims to further boost business between Saudi Arabia and Japan

Updated 18 June 2019
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High-level investment forum aims to further boost business between Saudi Arabia and Japan

  • Japan is one of Saudi Arabia’s most important economic partners

TOKYO: More than 300 government, investment and industry leaders on Monday took part in a high-level gathering aimed at further boosting business opportunities between Saudi Arabia and Japan.

The Saudi Arabian General Investment Authority (SAGIA) welcomed key figures from the public and private sectors to the Saudi-Japan Vision 2030 Business Forum, held in Tokyo.

Hosted in partnership with the Japan External Trade Organization (JETRO), the conference focused on the creation of investment opportunities in strategic sectors of the Kingdom. Delegates also discussed key reforms currently underway to enable easier market access for foreign companies.

Speaking at the event, Saudi Economy and Planning Minister Mohammed Al-Tuwaijri, said: “Today’s forum is a testimony to the success of the strategic direction set by the Saudi-Japanese Vision 2030 two years ago, which seeks to drive private-sector involvement, both by partnering with public-sector entities.”

SAGIA Gov. Ibrahim Al-Omar said: “At SAGIA, we have been working on creating a more attractive and favorable business environment in Saudi Arabia, which is making it easier for foreign companies to access opportunities in the Kingdom.”

Japan is one of Saudi Arabia’s most important economic partners. It is the Kingdom’s second-largest source of foreign capital and third-biggest trading partner, with total trade exceeding $39 billion.

JETRO president, Yasushi Akahoshi, said: “Saudi-Japan Vision 2030 has made great progress since it was first announced. Under this strategic initiative, the number of cooperative projects between our two countries has nearly doubled, from 31 to 61, and represents a diverse range of sectors and stakeholders.”

Since 2016, the Saudi government has delivered 45 percent of more than 500 planned reforms, including the introduction of 100 percent foreign ownership rights, enhancing legal infrastructure and offering greater protection for shareholders.

As a result, the Kingdom has climbed international competitiveness and ease-of-doing-business rankings, with foreign direct investment inflows increasing by 127 percent in 2018 and the number of new companies entering Saudi Arabia rising by 70 percent on a year-on-year basis in the first quarter of 2019.