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
0

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.
 


Saudi ambassador to US: Establishing peace is one of the pillars of Kingdom’s foreign policy

Updated 20 September 2018
0

Saudi ambassador to US: Establishing peace is one of the pillars of Kingdom’s foreign policy

Saudi Arabia’s ambassador to the United States, Prince Khalid bin Salman, said the signing of the peace agreement between Ethiopia and Eritrea is part of the kingdom’s foreign policy in establishing peace and stability.

“The Kingdom has always been the cornerstone of peace in the region and the world, and has spared no effort in many countries, foremost among them Palestine, Lebanon, Afghanistan and many others,” the ambassador said.

“As some countries begin to cultivate sectarian divisions, the kingdom seeks to resolve their disputes,” he added.

He expressed his thanks to the UAE in their efforts in the signing of the peace deal between the two countries.

The ambassador pointed out that the security of the Red Sea, especially the Bab Al Mandab Strait and the Horn of Africa, is one of the Kingdom’s security concerns, regionally and globally.

The ambassador stressed the Kingdom’s continued efforts to preserve security in this region from external threats, including Iranian-backed militias as well as piracy.