Life normal in Najran after Houthi shelling

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Updated 10 May 2015

Life normal in Najran after Houthi shelling

Life in the southwestern border region of Najran remains normal with residents going about their day-to-day business as usual. The Saudi Press Agency (SPA) posted a set of pictures Thursday showing public life after Houthi militias staged an assault on the area from across the Yemeni border.
The pictures show daily activities being practiced “without the negative effects of Houthi terrorist operations,” SPA said.
The agency said the the country's armed forces and the Border Guard in Najran are working to protect the Kingdom and citizens from any attack.
Shells fired from Yemen killed five people in the region on Wednesday, the Civil Defense said. Three others died in a mortar and rocket attack on Najran on Tuesday. It was "killing for the sake of killing," coalition spokesman Brig. Gen. Ahmed Al-Assiri said Thursday during the daily briefing.
On Thursday. the Kingdom floated a proposal for cease-fire in the Saudi-led coalition strikes on Yemen as long as the Houthis agree to a truce. There was no response from the Houthis and on Friday, the coalition continued striking the militia’s stronghold of Saada.
After the Najran assault, the coalition said the Houthi militia has crossed a "red line" and will pay a high price for their deadly bombardment of Saudi territory.

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.