Saudi minister leads Kingdom delegation at GCC financial meet

Saudi Arabia’s Minister of Finance Mohammed Al-Jadaan attended the meeting in Kuwait. (SPA)
Updated 09 November 2018
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Saudi minister leads Kingdom delegation at GCC financial meet

  • The committee discussed several financial and economic topics of mutual interest

Saudi Arabia’s Minister of Finance Mohammed Al-Jadaan recently headed the Saudi delegation at the 108th meeting of the Gulf Cooperation Council (GCC) member states’ Financial and Economic Cooperation Committee in Kuwait.

The meeting was attended by GCC Secretary-General Dr. Abdullatif bin Rashid Al-Zayani, Saudi Deputy Minister of Finance Dr. Hamad bin Sulaiman Al-Bazai, Governor of the General Authority of Zakat and Tax (GAZT) Suhail bin Mohammed Abanmi, Governor of the Saudi Customs Authority Ahmed bin Abdul Aziz Al-Hakbani, and a number of specialists from the Ministry of Finance, GAZT, and the Saudi Customs Authority.

The committee discussed several financial and economic topics of mutual interest, including the recommendations submitted by the governors of monetary agencies and central banks of the member states and its responsibility of assessing appeals on anti-dumping cases until an economic judiciary is established.

The committee also reviewed the latest amendments to the Common Customs Law of the GCC.


Saudi crown prince to inaugurate energy park on Monday

The crown prince will inaugurate the 50-square-kilometer project on Monday. (Saudi Aramco)
Updated 09 December 2018
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Saudi crown prince to inaugurate energy park on Monday

  • SPARK is a mega project designed to position the Kingdom as a global energy hub

JEDDAH: Saudi Arabia’s Crown Prince Mohammed bin Salman is to launch a recently announced energy park in the east of the country.
The King Salman Energy Park, known as SPARK, is a mega project designed to position the Kingdom as a global energy hub.
The crown prince will inaugurate the 50-square-kilometer project on Monday, which will be constructed between Dammam and Al-Hasa in the heart of the Saudi energy business.
SPARK, which was announced by Saudi Aramco on Thursday and due to be completed in 2035, is expected to support and increase the security of energy supplies that will be offered at competitive prices.