Formula E is another step toward Saudi Vision 2030 — Russian Direct Investment Fund

Antonio Felix da Costa won the opening ABB FIA Formula E Championship race of the season in Saudi Arabia. (AN Photo/Basheer Saleh)
Updated 19 December 2018

Formula E is another step toward Saudi Vision 2030 — Russian Direct Investment Fund

JEDDAH: The Formula E Championship race in the ancient cradle of Saudi Arabia, Ad Diriyah, is another unique example of the historic steps the country’s leadership is taking to implement its Vision 2030 and follow a path to moderate Islam, said CEO of Russian Direct Investment Fund.
Speaking on Saturday following the race, Kirill Dmitriev added that “the event not only promotes electric cars and cutting-edge technologies in the country, but also showcases the first ever mass pop music concerts in the Kingdom,” with performers including Enrique Iglesias, The Black Eyed Peas and David Guetta.
Thousands of fans flocked to Riyadh’s historic Ad Diriyah district for Formula E, a motor sports tournament using electric vehicles, and for the concerts, entertainment and cultural activities as well.
Whizzing electric race cars wound through the ruins of Ad Diriyah, a UNESCO world heritage site that is undergoing a multi-million dollar renovation, celebrating a telling of national history.




CEO of Russian Direct Investment Fund, Kirill Dmitriev. (Photo/Supplied)

“Such events will help attract tourists to the previously closed country and are a true celebration for aspiring young Saudis who desire a bright future,” he went on to say.
Dmitriev also said that “the vision of moderate Islam, promoted by Crown Prince Mohammed bin Salman, is important both for the region and the entire world, and its realization needs to be appreciated, respected and supported.”
A first for Saudi Arabia and the region, the event’s magnitude reflects the Kingdom’s goal of hosting major events and promoting them domestically and globally.
It also marks the first event in the Kingdom accessible to international tourists, made possible by a new online e-visa system, Sharek, demonstrating to the world Saudi Arabia’s future vision for tourism, which is expected to be on a much larger scale.


Houthis threaten global energy security: Arab coalition

Updated 10 min 29 sec ago

Houthis threaten global energy security: Arab coalition

  • The Arab coalition denounced Saturday's attack on a Saudi Aramco gas plant
  • The Yemeni militant attack sparked a fire but caused no casualties or disruption to production

RIYADH: The Arab coalition fighting to restore the internationally recognized government in Yemen on Monday denounced a Houthi attack on a Saudi Aramco gas plant in Saudi Arabia.
The militants claimed 10 drones struck the Shaybah natural gas liquefaction plant near the border with the UAE on Saturday.
“The Houthi militia have endangered global energy security by targeting Shaybah oil field in Saudi Arabia,” spokesperson Col. Turki Al-Maliki said.
The militants, who are based in Yemen and backed by Iran, have used drones laden with explosives to target infrastructure in the Kingdom.
Speaking at a weekly press conference in Riyadh, Col. Al-Maliki said the that Houthi and Daesh militias are conducting simultaneous operations in Yemen, stressing that the Houthis, who sparked the Yemen war in 2014, continue to pose a clear threat in the southern Red Sea.
The coalition, which includes Saudi Arabia and the UAE, intervened in the Yemen conflict in 2015 to support forces loyal to the internationally recognized government after it was driven from the capital Sanaa by the Houthis.