Saudi scientific research vessel ‘Najil’ launched in Jubail

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The vessel will support scientific research being conducted by KACST on the Kingdom’s seas, Al-Falih said. (SPA)
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The vessel will support scientific research being conducted by KACST on the Kingdom’s seas, Al-Falih said. (SPA)
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The vessel will support scientific research being conducted by KACST on the Kingdom’s seas, Al-Falih said. (SPA)
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The vessel will support scientific research being conducted by KACST on the Kingdom’s seas, Al-Falih said. (SPA)
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The vessel will support scientific research being conducted by KACST on the Kingdom’s seas, Al-Falih said. (SPA)
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The vessel will support scientific research being conducted by KACST on the Kingdom’s seas, Al-Falih said. (SPA)
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The vessel will support scientific research being conducted by KACST on the Kingdom’s seas, Al-Falih said. (SPA)
Updated 26 January 2019
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Saudi scientific research vessel ‘Najil’ launched in Jubail

  • The ship is equipped with the latest marine technology to carry out research work in the Arabian Gulf and the Red Sea

JEDDAH: Saudi Energy Minister Khalid Al-Falih on Thursday inaugurated a new scientific research vessel called “Najil,” during a ceremony at Jubail Commercial Port in the Eastern Province. The ship is equipped with the latest marine technology to carry out research work in the Arabian Gulf and the Red Sea, and its crew’s responsibilities will include assessing fish stocks and studying the impact of climate change on marine ecosystems.
Al-Falih, who is also chairman of the board of directors of King Abdul Aziz City for Science and Technology (KACST), thanked King Salman and Crown Prince Mohammed bin Salman for their generous backing of the Saudi research and development sector.
The vessel will support scientific research being conducted by KACST on the Kingdom’s seas, Al-Falih said. “It also enables the Saudi universities, as well as national and international firms, to carry out maritime research throughout the year.
“KACST seeks to build national capabilities and skills in the field of maritime research, while maintaining maritime biodiversity in the Kingdom,” he added.
Contained within the ship’s five internal levels are two dry and wet laboratories with state-of-the-art equipment, scientific equipment for monitoring weather and wave movements and for deep-sea sampling, plus technology to scan and map the seabed.


Forum aims to boost Saudi-Japan trade ties

Updated 18 June 2019
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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.