Saudi Arabia to head world’s first camel organization

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Jockeys, most of whom are children, compete on their mounts during the 18th International Camel Racing festival at the Sarabium desert in Ismailia, Egypt, March 12, 2019. Picture taken March 12, 2019. (REUTERS)
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The organization would be working to nurture mutual understanding and friendship between nations and peoples and establish a global family of camel-loving communities. (SPA)
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Kyrgyz dancers perform in an event gathering bedouins and nomads from around the world as part of the annual King Abdulaziz Camel Festival in Rumah desert, northeast of the Saudi capital Riyadh, on March 19, 2019. (AFP)
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The organization would be working to nurture mutual understanding and friendship between nations and peoples and establish a global family of camel-loving communities. (SPA)
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Kyrgyz dancers perform in an event gathering bedouins and nomads from around the world as part of the annual King Abdulaziz Camel Festival in Rumah desert, northeast of the Saudi capital Riyadh, on March 19, 2019. (AFP)
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Italian performers attend an event gathering bedouins and nomads from around the world as part of the annual King Abdulaziz Camel Festival in Rumah desert, northeast of the Saudi capital Riyadh, on March 19, 2019. (AFP)
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The organization would be working to nurture mutual understanding and friendship between nations and peoples and establish a global family of camel-loving communities. (SPA)
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The organization would be working to nurture mutual understanding and friendship between nations and peoples and establish a global family of camel-loving communities. (SPA)
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The organization would be working to nurture mutual understanding and friendship between nations and peoples and establish a global family of camel-loving communities. (SPA)
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Kyrgyz dancers perform in an event gathering bedouins and nomads from around the world as part of the annual King Abdulaziz Camel Festival in Rumah desert, northeast of the Saudi capital Riyadh, on March 19, 2019. (AFP)
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The organization would be working to nurture mutual understanding and friendship between nations and peoples and establish a global family of camel-loving communities. (SPA)
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The organization would be working to nurture mutual understanding and friendship between nations and peoples and establish a global family of camel-loving communities. (SPA)
Updated 23 March 2019
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Saudi Arabia to head world’s first camel organization

  • Al-Otaibi said: “The Kingdom has always sought to preserve its cultural and natural heritage which is of great value to mankind”

RIYADH: The Saudi capital has been named as the international headquarters for the world’s first camel organization.
Representatives of 96 countries gathered on Thursday in Riyadh for the inaugural constitutional assembly meeting of the newly established International Camel Organization (ICO).
Saudi Camel Club supremo Fahd bin Falah bin Hithlin has been chosen to lead the ICO as its first president for a term of five years.
During the assembled gathering, members issued the organization’s Riyadh Charter, which highlights the historic and cultural importance of camels to the international community.
The new president said the ICO aimed to maintain international rules and standards relating to camels and noted that its Saudi launch reflected the Kingdom’s key role in developing and promoting the cultural aspect of the animals around the world.
He added that the organization would be working to nurture mutual understanding and friendship between nations and peoples and establish a global family of camel-loving communities.
Mikhled bin Omar Al-Otaibi, a member of the Saudi Heritage Preservation Society, said the decision to headquarter the ICO in Saudi Arabia was recognition of the Kingdom’s efforts, led by King Salman and Crown Prince Mohammed bin Salman, to care for camels and promote their heritage on an international stage.
Al-Otaibi said: “The Kingdom has always sought to preserve its cultural and natural heritage which is of great value to mankind.” He added that the first international camel charter represented a major step toward obtaining international protection for the animals.
The Riyadh historical society official also gave his approval to the choice of ICO president, a figure who he said had made great achievements in his role as chairman of the Saudi Camel Club, including the organization of the prestigious King Abdul Aziz Camel Festival.
The work of the ICO will involve underlining the role that camels, and activities associated with them, play in developing a mutual understanding and friendship that can contribute to building communities and caring for their members.
It will also promote skills training and technical advances relating to camels and the industry sector linked to them.


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.