Mexican delegation visits Saudi Arabia to promote trade and discuss investment

The Mexican and Saudi delegations discuss opportunities and investment projects during their meeting at the CSC. (Supplied photo)
Updated 17 November 2018

Mexican delegation visits Saudi Arabia to promote trade and discuss investment

  • The visiting team expressed their desire to benefit from and contribute to the projects presented by the Kingdom’s Vision 2030

RIYADH: A trade delegation from Mexico called on the Saudi business community to strengthen trade partnerships with their counterparts in Mexico and participate in promising opportunities and investment projects in various areas, especially in the construction and infrastructure sectors.
“A delegation from the National Bank for Services and Public Works (BANOBRAS), the most important development bank in Mexico, visited Saudi Arabia to promote investment opportunities that will bring the countries closer together,” Mexican Ambassador Alfredo Miranda told Arab News on Friday.
Miranda accompanied Alejandro Blasco, head of investor relations at BANOBRAS, and Luis Ampudia, deputy head of investor relations, during the meeting at the Council of Saudi Chambers (CSC).
The Saudi delegation was made up of CSC Secretary-General Saud Al-Meshari; Vice Chairman and Managing Director of the Saudi Fund for Development Khalid S. Alkhudairy; and head of stakeholder management of the Public Investment Fund (PIF) Saad A. Alkroud.
During the meetings, the Mexican delegation shared the opportunities available in Mexico for identifying possible public-private partnerships and financing social infrastructure projects, and they discussed the potential of investment opportunities in Mexico as part of the PIF’s international diversified pool, said the envoy.
The visiting team expressed their desire to benefit from and contribute to the projects presented by the Kingdom’s Vision 2030.
The Mexican ambassador further declared that his country, like Saudi Arabia, is one of the top 20 economies in the world and is eager to strengthen mechanisms of collaboration in different areas, taking into account that Mexico’s GDP is $1.1 trillion, has a population of 129 million inhabitants, an inflation rate of 4 percent and very low unemployment of just 4 percent.
“I am sure both countries will continue to work together in order to have more Mexicans in Saudi Arabia and more Saudis in Mexico,” said Ambassador Miranda.


Music blooms in Saudi Arabia's mountain resort city of Taif as rose ensemble takes a bow

Updated 14 min 12 sec ago

Music blooms in Saudi Arabia's mountain resort city of Taif as rose ensemble takes a bow

  • An orchestra of Ukrainian and Russian musicians performed enchanting symphonies by Mozart and Beethoven at the Ward (Rose) Village
  • The month-long Taif Season festival highlights the city as a leading Arab tourist destination

TAIF: Hanging from suspended imitation rose flowers and dressed in white, an orchestra of Ukrainian and Russian musicians performed enchanting symphonies by Mozart and Beethoven at the Ward (Rose) Village in Taif’s Arrudaf Park as part of Taif Season.

The month-long Taif Season will run during August with more than 70 quality events designed to highlight the city as a popular Arab resort and leading Arab tourist destination.

Female musicians in the orchestra played from a height of seven meters, delighting large crowds with a spectacular performance of well-known symphonies.

Mashaal Al-Rashid, head of the company organizing the Rose Village Festival, told Arab News that the name ‘Rose Village’ was chosen in recognition of the importance of rose as the icon of Taif.

“The festival’s content was elaborated, and all the activities and events organized so as to promote the value, and the social and economic significance of Taif’s roses,” he said.

Al-Rashid said that the hanging roses orchestra was inspired by the beauty of Taif’s mountains and their startling roses. 

“Each flower carries a musician holding her instrument, delivering a breathtaking performance and an enjoyable experience,” he said.

The orchestra includes musicians from several countries who were selected after delivering string performances in various world capitals.

 Dr. Nayef Al-Buraq, dean of Taif University’s College of Arts, said that Taif’s character is based on its culture and location.

“It is a cultural tourist icon that evolves year after year to keep pace with the national Vision 2030, with events that attract visitors from around the world,” he said.

“The programs aims to promote quality of life, reflected through the joyful Taif Season that paints a bright picture of Saudi creativity,” said Al-Buraq.

He said that the challenges faced in preparing for this season included developing quality academic programs, highlighting popular arts, and attracting Arab, Saudi and international creative involvement.

“These challenges highlight the leading role played by the Kingdom’s government in catering for culture and arts, and turning this festival into a tourist and cultural event throughout the year,” he said.

Festival visitor Omar Al-Khalidi said that the event offers musical attractions and cultural arts that have long been absent from Taif.

“Everyone knows that Taif is the city of arts and culture, and the first Saudi city to host a movie theater. Arrudaf Park was the scene for concerts for well-known artists such as Abdullah Mohammed, Mohammed Abdu, Talal Maddah and many other Arab talents,” he said.