Severe weather sweeps across Saudi Arabia

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Sand storm in the Saudi capital Riyadh, on August 17, 2017. (AFP)
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Inclement weather is likely to continue in Makkah, Riyadh, Eastern Province, Qassim and other parts of the Kingdom on Monday. (SPA)
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Inclement weather is likely to continue in Makkah, Riyadh, Eastern Province, Qassim and other parts of the Kingdom on Monday. (SPA)
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Inclement weather is likely to continue in Makkah, Riyadh, Eastern Province, Qassim and other parts of the Kingdom on Monday. (SPA)
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Inclement weather is likely to continue in Makkah, Riyadh, Eastern Province, Qassim and other parts of the Kingdom on Monday. (SPA)
Updated 28 January 2019
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Severe weather sweeps across Saudi Arabia

  • Strong winds were also expected to stir up sandstorms in Makkah, Riyadh and the Eastern Province

JEDDAH: Strong winds, rainfall and sandstorms hit Jeddah on Sunday afternoon, severely limiting visibility. It was a similar story across the Kingdom, as predicted by the General Authority of Meteorology and Environment Protection in its daily report on Sunday morning.
The authority expected Tabuk, Al-Jawf, Hail, Madinah and the northern borders to experience rain and sandstorms.
Strong winds were also expected to stir up sandstorms in Makkah, Riyadh and the Eastern Province. The southwestern and western highlands would be partly cloudy, the forecast said.
As for the seas, the forecast predicted south-to-south-westerly winds of up to 40 km/h will hit the Red Sea in the evening, with the wind direction changing to north-westerly in northern parts. Waves were expected to be between one and two meters. South-to-southeasterly winds in the Arabian Gulf were likely to reach up to 35 km/h, with waves ranging between one and 1.5 meters, according to the authority. Inclement weather is likely to continue in Makkah, Riyadh, Eastern Province, Qassim and other parts of the Kingdom on Monday.


High-level investment forum aims to further boost business between Saudi Arabia and Japan

Updated 18 June 2019
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High-level investment forum aims to further boost business between Saudi Arabia and Japan

  • 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.