Saudi Arabia to explore investment options in Sudan

Khalid Al-Falih said that the Kingdom has an advantage in being one of the leading players in the mining sector. (REUTERS)
Updated 12 September 2018
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Saudi Arabia to explore investment options in Sudan

  • The plans are an extension of the joint strategic action between Sudan and Saudi Arabia

JEDDAH: As part of Saudi Arabia’s Vision 2030, the Ministry of Energy, Industry and Mineral Resources organized a forum to explore investment opportunities for the exploitation of mineral resources in Sudan.
The opening address by Khalid Al-Falih, the minister of energy, industry and mineral resources, was delivered on his behalf by Khalid bin Saleh  Al-Madifar, deputy minister of energy, industry and mineral resources for mining affairs.
Al-Falih said that King Salman and the crown prince place great emphasis on the Kingdom’s mining sector — an important part of Vision 2030 as the country seeks to develop energy, industry and mineral resources through the implementation of 42 initiatives.
The aim is to restructure the sector and raise the GDP from $17 billion to $64 billion and create 160,000 job opportunities by 2030.
Al-Falih said that the Kingdom has an advantage in being one of the leading players in the mining sector, helped mostly by its geographical location, free economy, the availability of energy and infrastructure, as well as ample land which is rich in mineral resources valued at $1.3 trillion.
 


UAE celebrates Saudi National Day

Updated 23 September 2018
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UAE celebrates Saudi National Day

DUBAI: The celebratory mood to mark Saudi Arabia’s 88th National Day has reached as far as New York, with Nasdaq displaying images of the Kingdom’s rulers at its tower on Times Square in New York while Dubai carrier Emirates is pulling out all the stops to join in the festivities.

The Dubai airline operated a special one-off A380 service, known as EK 813 and EK 814, on Sunday to the capital city of Riyadh, touching down at King Khalid International Airport at 3:30pm. The return flight was scheduled to depart at 6:50pm.

A YouTube video from Emirates also showed crew handing out scarves embroidered with the countries’ flags, as well as white roses, to passengers while boarding the A380 aircraft.

 

Nasdaq Dubai, the UAE-based operations of the New York equities exchange, posted: “Best wishes from #NasdaqDubai to #SaudiArabia on the occasion of the 88th National day” in its Twitter account, along with photos containing images of King Salman and Crown Prince Mohammed being projected on a huge electronic billboard. A separate tweet also showed an 11-second video with the merged UAE and Saudi Arabian flags fluttering on the billboard.

 

 

Burj Khalifa, the tallest building in the world, will be illuminated in the national flag of Saudi Arabia, in a display of friendship between the UAE and its Gulf neighbor.

In the UAE’s capital, the General Command of Abu Dhabi Police decorated 88 of their cars – one for every year being celebrated – with the flags of Saudi Arabia and the UAE and the words “Together Forever.”

Meanwhile, Etihad Airways’ Wesam Sameer Al-Najjar, the only Saudi National A380 pilot in the world, together with Captain Ahmed Almalood from the UAE, flew the A380 Year of Zayed aircraft to Jeddah for a special one-off service to mark the event.