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.
 


Pakistan appoints new ambassador to Saudi Arabia

Ambassador Raja Ali Ejaz assumes his new role on Monday. (Supplied)
Updated 6 min 7 sec ago
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Pakistan appoints new ambassador to Saudi Arabia

  • Prior to this appointment he served as the consul general of Pakistan in New York

JEDDAH: Raja Ali Ejaz, a career diplomat, assumed his responsibilities as ambassador of Pakistan to Saudi Arabia on Monday. 
Prior to this appointment he served as the consul general of Pakistan in New York. He also served in the Ministry of Foreign Affairs, Islamabad as director general (United Nations) from January 2013 to January 2014. 
He previously held the post of director in the Office of Minister of State for Foreign Affairs (2004-2006), as desk officer for India (1996-1998) and desk officer for South East Asia and the Pacific (1991-1992). 
He has served at various overseas assignments at the Embassy of Pakistan in Kabul (1992-1996), at the High Commission for Pakistan in London (1998-2001), the Embassy of Pakistan in Bucharest (2001-2004) and the Embassy of Pakistan in Mexico (2006-2012). 
He attended the Civil Service Academy in Lahore from 1990 to 1991.
Ejaz’s appointment to the Kingdom comes at a time when Pakistan and Saudi Arabia are trying to strengthen their diplomatic relations.
The two countries have traditionally enjoyed close military ties. Now, they are also building strong relationship in the areas of finance, commerce and investment.