Saudi education minister meets British envoy

British Ambassador Simon Collis. (SPA)
Updated 10 December 2018

Saudi education minister meets British envoy

  • After several years of declining numbers, applications from Saudi Arabia increased this year by 10 percent to 640 applicants

JEDDAH: Saudi Education Minister Dr. Ahmed bin Mohammad Al-Issa on Sunday received British Ambassador Simon Collis at his office in Riyadh on Sunday.
They exchanged views on education in both the public and private sectors and the programs offered in both countries.
The number of foreign students applying to British universities has hit an all-time high, with some of the biggest increases coming from the Arab world, according to figures released by UCAS, the body that processes applications to UK universities.
After several years of declining numbers, applications from Saudi Arabia increased this year by 10 percent to 640 applicants.
The number of international students wanting to continue their education in Britain has surpassed 100,000 for the first time in 2018, a rise of more than 8 percent from last year.
Applications from the UAE numbered 430 in 2009, 1,550 in 2017 and 1,800 this year, up 16 percent in a year. The upward trend is repeated in almost every Arab country, from Morocco to the Gulf states.
Applications from Jordan are up 16 percent from 2017, and up 7 percent each from Oman and Kuwait. Applications from Lebanon and Morocco have surged by 25 percent each.

Forum aims to boost Saudi-Japan trade ties

Updated 46 min 44 sec ago

Forum aims to boost Saudi-Japan trade ties

  • Japan is one of Saudi Arabia’s most important economic partners

TOKYO: More than 300 government, investment and industry leaders on Monday took part in a high-level gathering aimed at further boosting business opportunities between Saudi Arabia and Japan.

The Saudi Arabian General Investment Authority (SAGIA) welcomed key figures from the public and private sectors to the Saudi-Japan Vision 2030 Business Forum, held in Tokyo.

Hosted in partnership with the Japan External Trade Organization (JETRO), the conference focused on the creation of investment opportunities in strategic sectors of the Kingdom. Delegates also discussed key reforms currently underway to enable easier market access for foreign companies.

Speaking at the event, Saudi Economy and Planning Minister Mohammed Al-Tuwaijri, said: “Today’s forum is a testimony to the success of the strategic direction set by the Saudi-Japanese Vision 2030 two years ago, which seeks to drive private-sector involvement, both by partnering with public-sector entities.”

SAGIA Gov. Ibrahim Al-Omar said: “At SAGIA, we have been working on creating a more attractive and favorable business environment in Saudi Arabia, which is making it easier for foreign companies to access opportunities in the Kingdom.”

Japan is one of Saudi Arabia’s most important economic partners. It is the Kingdom’s second-largest source of foreign capital and third-biggest trading partner, with total trade exceeding $39 billion.

JETRO president, Yasushi Akahoshi, said: “Saudi-Japan Vision 2030 has made great progress since it was first announced. Under this strategic initiative, the number of cooperative projects between our two countries has nearly doubled, from 31 to 61, and represents a diverse range of sectors and stakeholders.”

Since 2016, the Saudi government has delivered 45 percent of more than 500 planned reforms, including the introduction of 100 percent foreign ownership rights, enhancing legal infrastructure and offering greater protection for shareholders.

As a result, the Kingdom has climbed international competitiveness and ease-of-doing-business rankings, with foreign direct investment inflows increasing by 127 percent in 2018 and the number of new companies entering Saudi Arabia rising by 70 percent on a year-on-year basis in the first quarter of 2019.