Deals to help boost foreign investment


Published — Tuesday 25 December 2012

Last update 25 December 2012 6:33 am

| نسخة PDF Print News | A A

Saudi Arabia plans to sign investment protection and promotion agreements with 12 countries including Norway, Tajikistan, Turkmenistan and Portugal as part of its efforts to attract more foreign investment.
The Council of Ministers authorized Saudi Arabian General Investment Authority to hold talks with Uruguay, Albania, Bulgaria, Georgia, Macedonia, Malta, Norway, Portugal, Slovenia, Croatia, Tajikistan and Turkmenistan to sign the agreements.
The Cabinet, chaired by Crown Prince Salman, deputy premier and minister of defense, emphasized the Gulf Cooperation Council’s role in strengthening cohesion and solidarity among its member countries.
Commenting on the 33rd GCC summit in Manama, the Cabinet highlighted the six-member group’s achievements over the past few years. It also wished the summit conference all success.
The Cabinet meeting stressed the government’s efforts to preserve the country’s cultural heritage, including architectural heritage, which represents the identity of states and cities.
It also welcomed the results of the meetings of the 98th session of the Council of Ministers of the Organization of Arab Petroleum Exporting Countries (OAPEC) in Cairo, valuing the organization’s role in boosting cooperation among Arab oil-producing and exporting countries, developing oil industries and establishing joint ventures.
The Cabinet praised the statements issued by most member states of the UN Security Council denouncing Israel’s decision to construct Jewish settlements in Jerusalem and other occupied Palestinian territories.
The Cabinet urged the Security Council to prevent the Israeli authorities from implementing those housing projects, warning it would halt the entire peace process.
Culture and Information Minister Abdul Aziz Khoja said the Cabinet authorized the president of the General Authority for Civil Aviation to discuss with the Pakistani side a draft agreement on air transport services.
The Cabinet amended Paragraph 3 of Article V of the Saudi Red Crescent Authority’s law making the organization the main provider of emergency medical services in the Kingdom, including ambulance transport of all kinds: land, sea and air, in addition to health services for pre-hospital patients and those injured in accidents and disasters.
The newly amended law calls for greater coordination between the Saudi Red Crescent Authority and the Border Guards in special ambulance rescue missions, taking advantage of marine equipment available with the guards.
The Red Crescent shall conclude a strategic partnership with the Technical and Vocational Training Corporation to create a specialized institute for training its employees and other members of the community.
The Cabinet appointed Abdul Rahman Al-Aiban a member of the Council of Cooperative Health Insurance, representing the Ministry of Commerce and Industry for three years. It also endorsed the General Organization for King Fahd Causeway’s accounts for 2011.
The Cabinet appointed Prince Mohammed bin Saad bin Khaled director general of operations at the Ministry of Interior; Ghazi bin Khaled Dairi geological adviser at Saudi Geological Survey; Ibrahim bin Suleiman Al-Musaitir legal adviser at the Ministry of Health and Ibrahim bin Abdullah Al-Daelaj director general of the General Budget at the Ministry of Finance.

What's happening around Saudi Arabia

JEDDAH: Jeddah police have closed all entry points into Makkah to prevent undocumented pilgrims from entering the holy city during this year’s Haj, in a bid to prevent overcrowding that could lead to health and safety problems.Officials have taken ac...
RIYADH: In view of the increasing incidence of MERS in the capital, the Directorate General’s Office of Health Affairs in the Eastern Province has unveiled a set of preventive measures to combat Middle East Respiratory Syndrome (MERS) coronavirus in...
JEDDAH: The Bureau of Investigation and Public Prosecution recently charged three young men in the harassment case at the Jeddah corniche. A number of young men were arrested for harassing two Saudi girls at the corniche a day after Eid Al-Fitr.A vi...
JEDDAH: A total of 232 people injured in Sunday’s Aramco compound fire in Alkhobar have been discharged from hospitals here, the Eastern Province Health Department announced on Tuesday.Fifty-seven are still receiving treatment at four hospitals, with...
RIYADH: The Directorate of Education in Riyadh is keeping a close watch on schools, such as sanctioning health material and monitoring the health of staff and students, to prevent the spread of the MERS coronavirus among students. As a step in this...
RIYADH: The Ministry of Municipal and Rural Affairs has announced new legislation for the Dec. 12 elections, including fines and imprisonment for failure to disclose candidate financing, obstructing procedures or officials, and fraudulent activity.Vi...

Stay Connected