Saudi crown prince India visit ‘historic event,’ says ambassador

The first state visit by Saudi Crown Prince Mohammed bin Salman to India later this month will be a historic event, India’s ambassador to the Kingdom said Thursday. (Photo: Supplied)
Updated 14 February 2019
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Saudi crown prince India visit ‘historic event,’ says ambassador

RIYADH: The first state visit by Saudi Crown Prince Mohammed bin Salman to India later this month will be a historic event, India’s ambassador to the Kingdom said Thursday.
Ahmed Javed told media the two countries would sign agreements across different sectors including energy, infrastructure, housing, tourism and information technology.
The deals would attract potential infrastructure investment and boost development in India, he said.
India and Saudi Arabia enjoyed cordial and friendly ties that were deeply rooted in a shared history and nurtured by vibrant personal exchanges, he said. These links had been strengthened over the years through trade and commercial ties, the ambassador added.
Last month Saudi Arabia’s Ministry of Hajj and Umrah teamed up with Indian hotelier Oyo to support the Kingdom’s Vision 2030 reform plan and improve hospitality in Makkah and Madinah.
Saudi Energy Minister Khalid Al-Falih has visited India three times, meeting Indian authorities to discuss energy sector investment, while Saudi Aramco has signed an agreement with an Indian consortium to jointly develop a $44 billion refinery in the western port town of Ratnagiri.
Accompanying the crown prince will be a high-level delegation, including ministers and leading Saudi businessmen, according to India’s Ministry of External Affairs (MEA).
Bilateral trade was $27.48 billion during the last financial year, making Saudi Arabia India’s fourth-largest largest trading partner, the MEA said in a statement issued earlier this week. It added that the Kingdom also supplies around 20 percent of India’s crude requirements.
Nearly 3 million Indians live in Saudi Arabia, making them the largest expatriate group in Saudi Arabia, it said. “Their positive and highly appreciated contribution to the development of their host country has been an important anchor of our excellent bilateral engagement. The Kingdom of Saudi Arabia also facilitates Hajj pilgrimage to over 175,000 Indians every year.”
The crown prince arrives in Pakistan on Feb. 16 and will stay there for two days. He will be in India from Feb. 19 to 20.


MiSK, Qiddiya team up for internship program 

Updated 25 March 2019
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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.