Jeddah city hosts first edition of UAE Week

Press conference to launch the UAE Week around the world Monday. (SPA)
Updated 06 November 2018
0

Jeddah city hosts first edition of UAE Week

  • The UAE and Saudi Arabia are working hard for this program to be the biggest investment economic platform for the youth of the future

JEDDAH: The first edition of UAE Week around the world will be hosted by Jeddah on Wednesday and Thursday, under the theme of Economic, Investment and Development Integration between the UAE and Saudi Arabia.
Vice President at the Jeddah Chamber Ziad bin Bassam Al-Bassam, UAE Consul General Arif Ali Al-Nuaimi, Secretary-General of the Chamber Hassan Dahlan and Supervisor of the Development and Investment Cooperation Program Masoumah Al-Aydan Al-Buaili held a press conference on Monday in which it was stressed that the UAE Week comes in live with the Kingdom’s Vision 2030 and the UAE’s Vision 2021 which plan to achieve sustainability in the development, investment and economic fields.
Crown Prince Mohammed bin Salman’s words that the Middle East will be the new Europe were quoted.
Al-Bassam clarified that Saudi-Emirati relations are flourishing on economic, investment, development and societal levels, noting that the coordination between the two countries focuses on investment to develop time and space.
This helps all procedures from businessmen and investors in both countries to provide fertile ground for projects and works that reflect sustainable development.

Workshop
Al-Nuaimi expressed happiness over the choice of Jeddah as the first host city of the UAE Week and the Jeddah Chamber as a strategic partner of the forum.
He also praised relations between the two countries that have in recent years become strategic in various fields, noting that the visits of both countries’ leaders is clear proof of the relations’ solidity and honesty.
Al-Nuaimi indicated that the Jeddah Chamber would witness the events of the first cooperation workshop between the UAE and Saudi Arabia, which reflects the continuous development of economic cooperation according to a joint strategy that focuses on investing major development components for both countries.
Maasoumah Al-Enezi, chairperson of the organizing committee of the UAE Week, said the program coincided with the celebrations of UAE’s 47th National Day, and expressed happiness as an elite of great businessmen and women from both countries have joined to promote the cooperation between the countries through promising opportunities and development and investment facilities.
She also indicated that the program seeks to promote the economic partnership through an investment, commercial and economic cooperation program that plans to discover opportunities, capacities and ways to expand communication and partnership channels between investors and entrepreneurs.
She added that the program aims to promote innovation fields and focuses on key sectors to achieve added value for the national economy in the fields of energy, transport, health, education, technology and communications. It also seeks to promote small and medium industries and projects and support the mutual agencies.
The UAE and Saudi Arabia are working hard for this program to be the biggest investment economic platform for the youth of the future.


Role of Saudi Arabian Military Industries to enrich Kingdom’s defense capabilities hailed

Bahrain’s King Hamad bin Isa Al-Khalifa visits Saudi Arabian Military Industries (SAMI) pavilion at the Bahrain International Air Show 2018 on Thursday. (SPA)
Updated 46 sec ago
0

Role of Saudi Arabian Military Industries to enrich Kingdom’s defense capabilities hailed

  • The king praised SAMI’s rapid success, and expressed his admiration for the achievements
  • Al-Osaimi: The UON pilot service was launched last week on a Saudi Arabian Airlines flight from Riyadh to Geneva

JEDDAH: Bahrain’s King Hamad bin Isa Al-Khalifa on Thursday visited the Saudi Arabian Military Industries (SAMI) pavilion at the Bahrain International Air Show 2018. The king was accompanied by Chechnya’s president, Ramzan Kadyrov.
SAMI’s team gave a detailed presentation on the achievements and future plans of Saudi Arabia’s military industries. Initiatives launched by SAMI to develop the sector are part of efforts to realize Crown Prince Mohammed bin Salman’s goal of localizing 50 percent of Saudi military spending by 2030.
King Hamad and Kadyrov were shown the first model of the Avante 2200 corvette. Five Avante 2200 corvettes and combat management systems are being built for the Saudi Ministry of Defense.
The king praised SAMI’s rapid success, and expressed his admiration for the achievements and development projects of the military and air industries in Saudi Arabia.
The three-day show, held under the patronage of King Hamad, runs until Friday at the Sakhir Air Base in southern Bahrain. It was officially opened by Sheikh Abdullah bin Hamad Al-Khalifa, the king’s personal representative and chairman of the event’s organizing committee.
SAMI CEO Dr. Andreas Schwer said: “Our participation in the Bahrain International Air Show is aimed at highlighting SAMI’s growing military capabilities and showcasing our achievements in enhancing self-sufficiency in defense capabilities.”
“We are keen to take advantage of the unique opportunities offered by the show, and the promising investment prospects in Saudi Arabia’s booming military industries, in order to support the Kingdom’s vision of localizing more than 50 percent of military-equipment spending by 2030.”
Civil aviation
Saudi Arabia’s General Authority of Civil Aviation also signed a strategic partnership agreement with technology company Taqnia Space with the aim of developing cooperation in a number of areas and strengthening Saudi Arabia’s position in the field of aviation, regionally and internationally, in accordance with Vision 2030.
The agreement was co-signed by the authority’s chairman, Abdul Hakim Al-Tamimi, and Taqnia Space CEO Abdullah Al-Osaimi, on the sidelines of the airshow.
GACA has partnered with Taqnia Space to issue licenses for the installation of satellite communication systems on civil aircraft in the Middle East and North Africa, similar to the licenses issued by international organizations, and organize international expos in Saudi Arabia where passengers can try out new in-flight satellite and entertainment services.
Al-Osaimi said that this will create business opportunities and strengthen the Kingdom’s position in these specialized fields that offer advanced technologies related to civil aviation safety.
He added: “The UON pilot service was launched last week on a Saudi Arabian Airlines flight from Riyadh to Geneva. This service, which will be available for passengers in the next few days, offers high-speed internet, and 3G and 4G services, in addition to live television broadcasts.”
Al-Tamimi said that the importance of the agreement lies in its contribution to promoting the construction of modern air-transport systems and infrastructure, and the development of effective procedures and practices to ensure a high-quality and safe flight environment that will make the authority a leader in civil aviation at the regional and international levels.
The agreement will help to achieve the aims of Vision 2030 and support the objectives of the National Transformation Program (NTP) 2020 through the development of aviation services to ensure excellence of performance, he added.