Jeddawis turn out in large numbers to show loyalty to king

Updated 26 February 2015

Jeddawis turn out in large numbers to show loyalty to king

Jeddah Mayor Hani Abu Ras inaugurated recently the largest graffiti titled "Jeddah pledges allegiance" in honor of Custodian of the Two Holy Mosques King Salman.
The municipality, in cooperation with a young group of graffiti artists called Zaad, made the largest graffiti painting in the walkway of Al-Rawda district to pledge allegiance to King Salman on behalf of the residents of the city, which he is expected to visit.
The imaginative graffiti shows the city’s glorious past and bright present as well as the portraits of King Salman, Crown Prince Muqrin and Deputy Crown Prince Mohammed bin Naif.
Abu Ras participated in the task of giving the finishing touches to the painting with a brush and signing the loyalty to show his allegiance to the king.
Praising the efforts of the artists, he said this initiative shows the love and loyalty of the people of Jeddah toward the wise leadership of this great nation.
This painting also depicts the talent and creativity of the youth who should be supported and utilized properly, Abu Ras added.
Artists Abdullah Al-Rashad and Hamza Idris said the largest graffiti painting in Jeddah made in three days witnessed the largest turnout of the city’s residents at the location. They remarked that the citizens and expatriates appreciated the artwork and supported it heartily.
The huge graffiti has a special place where the residents can sign their names.

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.