DiplomaticQuarter: Ties between Saudi Arabia and Austria on upward trajectory

The outgoing Austrian Ambassador, Gregor W. Koessler, with the Governor of Riyadh region, Prince Faisal bin Bandar. (Photo/Supplied)
Updated 09 January 2019

DiplomaticQuarter: Ties between Saudi Arabia and Austria on upward trajectory

  • The annual two-way trade between Riyadh and Vienna is reportedly around SR1.9 billion ($0.5 billion)

RIYADH: Austria’s outgoing ambassador to Saudi Arabia called on Saudi Foreign Affairs Minister Ibrahim Al-Assaf and Riyadh Gov. Prince Faisal bin Bandar to bid farewell at the end of his tenure.
Gregor W. Koessler said issues of mutual interest were discussed and that the two top-level officials wished him success for the future.
“We reviewed the broad range of bilateral relations I was covering in my six-and-a-half years in the Kingdom,” the envoy told Arab News.
“I expressed my deep appreciation for the friendly reception in Saudi Arabia and the many friendships built on to connect our two countries even more.”
He wished King Salman, Crown Prince Mohammed bin Salman, the government and nation a prosperous and peaceful future, and every success for the Vision 2030 reform plan.
“We need to continue building bridges between our societies and making every effort for constructive dialogue.”
Koessler previously called on Austrian companies to ensure their “local presence” in the Kingdom for intensive engagement and promoting business. Saudi Arabia and Austria enjoy cordial ties. Last year, Austria pledged to ramp up cooperation in key commercial sectors with Saudi Arabia after a group of business leaders representing about 25 top-notch Austrian companies had wide-ranging talks with Saudi officials and businessmen.
The pledge came within the framework of Saudi Vision 2030, which calls for forging partnerships with foreign companies to achieve the desired objectives of the vision.
The annual two-way trade between Riyadh and Vienna is reportedly around SR1.9 billion ($0.5 billion).
Many Austrian companies have been working closely with Saudi enterprises over the past decades, either as joint ventures or in close collaboration with the Saudi side on a number of projects. As of 2018, there were reportedly 20 joint ventures operating in different sectors.
Austria has been the fastest growing European tourist destination in the Middle East. The number of guests from the Middle East to Austria has increased by 400 percent in the last 10 years.
Klaus Ehrenbrandtner, director Middle East of the Austrian National Tourist Office, said: “In 2016, Austria welcomed 105,000 guests from the Kingdom.”

MiSK, Qiddiya team up for internship program 

Updated 25 March 2019

MiSK, Qiddiya team up for internship program 

  • Interns will work on entertainment mega-project
  • Program open to university seniors and new graduates

RIYADH: A new internship program for young Saudis has been launched in the Kingdom, following a partnership between Misk Foundation and the Qiddiya Investment Company (QIC).

The program runs from June 16 to Aug. 31, 2019, and provides an opportunity for university seniors and recent graduates to be part of Qiddiya, an entertainment mega-project located 40 minutes from Riyadh.

Interns will have the chance to work at Qiddiya’s corporate offices alongside professionals from around the world and will be placed across 12 departments.

They will learn and develop skills that are required to succeed in their professional lives.

They will also gain exposure to QIC’s culture and learn from executives with over 20 years of experience across several sectors. 

QIC CEO Mike Reininger said: “We are contributing directly to the Saudi Vision (2030 reform plan) by creating a richer lifestyle for Saudi citizens while spurring innovation in the creative, hospitality and entertainment sectors. This unique opportunity allows students and fresh graduates to experience what it takes to be part of the change in Saudi by giving them the chance to work alongside a group of both local and international seasoned professionals. Thanks to this partnership with MiSK, we will be training the next generation of industry leaders.” 

Application to the program is open for those with fewer than two years of professional experience. Candidates must show strong academic credentials and submit a short video as part of their application.

King Salman led the Qiddiya ground-breaking ceremony in front of a global audience last April.

The project is aimed at helping to stem the $30 billion a year which Saudis currently spend abroad on tourism, and has the backing of the Kingdom’s Public Investment Fund.

It targets local, regional and international tourists and will be Saudi Arabia’s preeminent entertainment, sports and cultural destination.

It is expected to be the world’s largest entertainment city by 2030, with a total area of 334 square kilometers, surpassing Walt Disney World in Florida, which is only 110 sq. km.