Royal visit ‘good for investment’

Deputy Crown Prince Mohammed bin Salman, second deputy premier and defense minister, discusses ways of cooperation with Salman Amin Khan, founder of the Khan Academy.
Updated 21 June 2016
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Royal visit ‘good for investment’

RIYADH: Deputy Crown Prince Mohammed bin Salman’s visit to the United States is widely seen as a “very positive” step to bolster bilateral relations and economic reforms in the Kingdom.
Mohammed Alkhunaizi, a senior member of the Shoura Council, said on Monday that the visit is aimed at achieving the goals set under the NTP (National Transformation Program), which is a part of Vision 2030 being spearheaded by the Council of Economic and Development Affairs (CEDA), chaired by the deputy crown prince himself.
“The visionary leader has set off the transformation program by inviting foreign companies to invest in the Kingdom. He rightly began it from the US,” he said.
Alkhunaizi also welcomed the decision to open a college to prepare Saudi business leaders and entrepreneurs, to be based at King Abdullah Economic City in Rabigh.
The Prince Mohammad bin Salman College for Management and Entrepreneurship is a partnership between the economic city, Mohammad bin Salman bin Abdulaziz Foundation (MISK), Global Babson College and Lockheed Martin Saudi Arabia, according to reports.
Majed Abdullah Al-Hedayan, a senior columnist and legal consultant at the Riyadh Chamber of Commerce and Industry (RCCI), said: “The royal visit reflects the strength of the relationship between the two friendly countries for political cooperation and economic growth.”
“The meeting with the top leadership, well known investors, visit to Silicon Valley to meet the tech giants for agreements and other meetings in the US are very positive steps. We do believe in the importance of such kind of comprehensive interactions attracting investments to meet with the requirements of Vision 2030,” he said.
“Prince Mohammed is playing a very positive role to rebuild the main methods in order to ensure the strength in the best possible way to execute Vision 2030 with the powerful start of NTP 2020,” he said, adding, “This type of visit will encourage other international investors to redirect their investment to the Kingdom.”
Talal Al-Otaibi, a media consultant, said the political and business leaders in the US now need to familiarize themselves with the man who is at the helm of affairs to help diversify Saudi economy through his Vision 2030.


Braun Strowman to face Bobby Lashley at WWE Super Showdown in Jeddah

Updated 19 May 2019
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Braun Strowman to face Bobby Lashley at WWE Super Showdown in Jeddah

WWE Superstar Braun Strowman will go head-to-head with Bobby Lashley at WWE Super ShowDown next month in Jeddah.

The two superstars will wrestle on Friday, June 7 at the King Abdullah Sports City Stadium.

Hosted by the Saudi General Sports Authority, the show will also feature the first-ever match between WWE Hall of Famer Goldberg and Undertaker. Triple H will also go against Randy Orton as they create another chapter of their storied rivalry.

There will also be a 50-Man Battle Royal—the largest in WWE history.

Tickets are available at www.sharek.sa with prices start at 25 SA ($6).