Future opportunities between Saudi Arabia and China are very big: crown prince

China’s President Xi Jinping receives Saudi Crown Prince Mohammed bin Salman at the Great Hall of the People in Beijing. (SPA)
Updated 23 February 2019

Future opportunities between Saudi Arabia and China are very big: crown prince

  • Saudi Arabia and China signed economic cooperation agreements worth a total of $28 billion at a joint investment forum
  • The crown prince presided over a China-Saudi cooperation forum that concluded with 12 agreements on cooperation

RIYADH: Future opportunities between Saudi Arabia and China are very big, Saudi Crown Prince Mohammed bin Salman said Friday during his visit to China.

Citing a 32 percent increase in bilateral trade last year, the crown prince added that high-level contacts were paying off in areas from commerce to security and defense.
"Saudi Arabia's relations with China can be traced back a very long time in the past," Crown Prince Mohammed bin Salman told President Xi Jinping at their meeting in the Great Hall of the People in the heart of the Chinese capital.

Meanwhile, the Chinese president stressed his country's keenness on joint efforts with Saudi Arabia to support strategic relations between the two countries. He added that there has been coordination with Saudi Arabia on international and regional issues in recent years. 

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The crown prince earlier Friday presided over a China-Saudi cooperation forum that concluded with 12 agreements on cooperation in fields ranging from petroleum and the chemical industry to investment, renewable energy and counter-terrorism. Saudi Arabia is one of China's top crude oil suppliers and an important market for its exports.

Saudi Arabia and China also signed economic cooperation agreements worth a total of $28 billion at a joint investment forum. 35 agreements had been signed at the forum, held by Saudi Arabia’s investment agency SAGIA. Four licenses for Chinese companies were awarded at the forum.
Crown Prince Mohammed bin Salman also pledged Saudi Arabia's backing for China's gargantuan "belt and road" infrastructure project, saying he was willing to link it with the kingdom's Vision 2030 plans— a blueprint put forth by the crown prince to wean the kingdom off its reliance on oil, particularly as sustainable sources of energy become cheaper and more popular.
The Crown Prince's visit follows trips to India and Pakistan, which send millions of laborers to Saudi Arabia and are seeking closer economic ties. 

 

 


13th edition of Souk Okaz begins as part of Taif Season

Updated 17 min 47 sec ago

13th edition of Souk Okaz begins as part of Taif Season

  • Taif Season is one of the 11 festivals aimed at transforming the Kingdom into an important global tourist destination

On behalf of King Salman, Makkah Governor Prince Khaled Al-Faisal launched Souk Okaz — which is part of Taif Season — Tuesday night.

Prince Khaled was received at Souk Okaz by President of the Saudi Commission for Tourism and National Heritage (SCTH) Ahmed Al-Khateeb and Taif Governor Saad Al-Maimouni. Ambassadors, diplomats and others from inside and outside Saudi Arabia also attended the event.

The launch ceremony started with the Saudi national anthem followed by a video presentation about the history of Souk Okaz, which —  according to Taif Season spokesman Naif Al-Osaimi — opened in 501 CE. It was reopened 12 years ago and has since been an annual international culture festival.

The presentation was followed by an operetta — “Arab 501” — based on the Mu’allaqat, the seven poems from the pre-Islamic era traditionally believed to hang in the Kaaba at Makkah. “Arab 501” starred some of the best talent from around the Arab world, including Mohammed Abdu of Saudi Arabia, Kadim Al-Saher of Iraq, and the Lebanese singer Carole Samaha.

Prince Khaled then presented the Poet of Okaz award —  and the attendant SR1 million ($266,640)cash prize — to Saudi poet Mohammed Ibrahim Yaqoub. Yemeni poet Abdullah Obaid was awarded SR500,000 for second place, while SR250,000 went to Saudi poet Azzam Al-Ghaithi for coming third.

Prince Khaled was briefed on recent developments at Souk Okaz, including the amphitheater on Okaz Boulevard, which can accommodate 5,000 spectators for its theatrical equestrian shows.

Prince Khaled pointed out that the Souk will see further development in the near future, adding that the Kingdom’s security, stability, culture and economy are a result of several factors, chief among which is, he said, the country’s adherence to Islam.

“Souk Okaz has added a lot to Taif Season, although every event has its own taste,” SCTH’s director general in the Makkah region,  Mohammed Abdullah Al-Amri, told Arab News.

“Our main target is to bring Taif back to the frontline of Arab tourism,” said Al-Osaimi. “Today’s operetta may help put Taif again on top of Arab tourism as a meeting place and a resort for Arabs. We have 11 Arab countries participating in this edition of Souk Okaz and we are determined to introduce new events and activities at Souk Okaz to meet the needs our audience.”

Taif Season is one of 11 festivals aimed at transforming the Kingdom into an important global tourist destination. Dozens of events have been taking place this month in the southwestern city, which is famous for its heritage and beautiful landscapes.

Souq Okaz is one of the main attractions of the event. At the Souq, people can experience the culture of 11 different Arab nations by visiting pavilions showcasing the food, art and commerce of the UAE, Kuwait, Bahrain, Oman, Iraq, Egypt, Jordan, Lebanon, Morocco and Tunisia. There is also, of course, a pavilion for the host nation.

The Souk will also play host to some of the region’s biggest music stars between August 23 and 30, including the UAE’s Ahlam and Hussein Al-Jassmi, Assala Nasri of Syria, and the Kingdom’s Abadi Al-Johar and Dalia Mubarak.

This is the third edition of Souq Okaz since King Salman gave SCTH the responsibility of organizing the event in coordination with executive bodies in Makkah region.