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
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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.


King Salman receives Saudi education officials

King Salman receives officials of theMinistry of Education and Saudi universities at Al-Yamamah Palace in Riyadh on Monday. (SPA)
Updated 11 December 2018
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King Salman receives Saudi education officials

  • The king stressed the role of education in the development of a country

RIYADH: Top officials of the Ministry of Education and Kingdom’s universities on Monday called on King Salman at Al-Yamamah Palace in Riyadh. 

The king stressed the role of education in the development of a country. Saudi Arabia ranks as the largest market for education services in the region, and it also accounts for a growing number of students enrolled in the kindergarten to grade 12 education system in the six-nation Gulf Cooperation Council. 

Strong government support over the past few years has led to the continuous expansion of the education sector by inviting private players to enter the space.

According to a study conducted by Research and Markets, the higher education industry of the Kingdom inclined at a single digit compound annual growth rate during the period 2012-2017. 

The establishment of new universities due to increased investments in the education sector was the key contributor to the augmented revenues generated by the market players.