King Salman receives GCC secretary-general and other diplomats in Jeddah

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King Salman receives Dr. Abdullatif bin Rashid Al-Zayani, secretary-general of the Gulf Cooperation Council, at Al-Salam Palace in Jeddah on Monday. (SPA)
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King Salman receives Dr. Abdullatif bin Rashid Al-Zayani, secretary-general of the Gulf Cooperation Council, at Al-Salam Palace in Jeddah on Monday. (SPA)
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King Salman received Djibouti’s ambassador to Saudi Arabia Dya Eddine Bamakhrama and diplomats from other countries on Monday. (SPA)
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The Saudi Foreign Minister Ibrahim Al-Assaf and cabinet member Dr. Musaed bin Mohammed Al-Aiban attended the meetings. (SPA)
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King Salman received Djibouti’s ambassador to Saudi Arabia Dya Eddine Bamakhrama. (SPA)
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King Salman received Djibouti’s ambassador to Saudi Arabia Dya Eddine Bamakhrama and diplomats from other countries on Monday. (SPA)
Updated 13 May 2019
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King Salman receives GCC secretary-general and other diplomats in Jeddah

  • During the meeting, King Salman and Dr. Abdullatif bin Rashid Al-Zayani discussed a number of issues relevant to the GCC
  • The king also received Djibouti’s ambassador to Saudi Arabia Dya Eddine Bamakhrama and diplomats from other countries

RIYADH: King Salman received the Secretary-General of the Gulf Cooperation Council (GCC) Dr. Abdullatif bin Rashid Al-Zayani on Monday at Al-Salam Palace in Jeddah.
During the meeting, they discussed a number of issues relevant to the GCC, and Al-Zayani congratulated the king on the advent of the holy month of Ramadan.
The king also received Djibouti’s ambassador to Saudi Arabia Dya Eddine Bamakhrama and diplomats from other countries.
They include the ambassadors of Oman, Singapore, Albania, Mexico, New Zealand, and Paraguay to the Kingdom.
The Saudi Foreign Minister Ibrahim Al-Assaf and cabinet member Dr. Musaed bin Mohammed Al-Aiban attended the meetings.
Meanwhile, King Salman sent a cable to Lebanese President Michel Aoun to offer condolences over the death of Patriarch Boutros Sfeir.
In his message the king said: “We have received the news of the death of Patriarch Nasrallah Boutros Sfeir, and we extend to you and the family of the deceased our deepest condolences.”


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.