Luay Al-Sibaiee, chairman of the Saudi Football Federation

Luay Al-Sibaiee
Updated 17 May 2019

Luay Al-Sibaiee, chairman of the Saudi Football Federation

Luay Al-Sibaiee has been the chairman of the Saudi Football Federation since his appointment in February this year.

Al-Sibaiee crowned Abha Club with the Prince Mohammed bin Salman shield for the first-class soccer clubs for professionals 2018-2019.

He handed gold medals to the members of Abha Club during a special ceremony following the soccer match between Abha and Al-Khaleej at Prince Sultan bin Abdul Aziz Sports City in Al-Mahalah, Abha region.

Al-Sibaiee holds a bachelor’s degree in business administration and computer information systems from Colorado State University-Pueblo. He has completed courses such as the managers assessment course and the strategic negotiation course, as well as attending a leadership forum with Aramco.

He is a writer and sports critic who was a member of Al-Qadisiyah’s first football team, playing with them for 15 years. He represented the Saudi national football team for five games and was one of the golden generation that achieved the Saudi Crown Prince Cup and the Asian Cup Winners Cup.

Al-Sibaiee helped the national team rise to the 1994 World Cup, and helped them to win the Gulf Cup the same year. He ended his football career to pursue an academic one. He is currently the executive vice president of the Ministry of Defense’s transformation program. He is the vice manager of the companies affairs department, as well as the head of the public relations department at Aramco. 

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

Updated 18 June 2019

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.