KSA emerges as a major player on world stage

Updated 18 November 2015
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KSA emerges as a major player on world stage

RIYADH: Saudi Arabia is a major player in the global economy, a senior economist following the G-20 summit, which concluded in Antalya on Monday, observed.
Osama Kurdi, former Shoura Council member, said Saudi Arabia under Custodian of the Two Holy Mosques King Salman has become a major player in the world economy by supporting the economic policies of the major countries in the world.
“Despite the contributions made by various global bodies such as WTO, UN and OPEC, G-20 has begun to play an important role not only in the economic field but also in the political field,” Kurdi said.
The Kingdom has joined the summit in fighting against terrorism, creating job opportunities and developing SMEs which is the need of the hour, he noted.
By virtue of the wise policies of King Salman, he said the Kingdom is marching toward a prosperous economic goal to achieve peace, security and political stability in the region.
Musad Al-Zayani, Dubai-based Saudi journalist who is currently covering the G-20 Summit, told Arab News that King Salman’s speech at the summit was well received by the delegates.
He said that the king strongly condemned all forms of terror and also admitted that the Kingdom has been a victim of terrorism for several years.
The journalist welcomed the suggestion made by King Salman that quick solutions must be found for the problems in Syria, Palestine and Yemen.
He pointed out that its a magnanimous gesture on the part of the king to call for support of the Syrian refugees irrespective of the countries of displacement.
“We are a major player in the global oil industry,” the journalist said, pointing out that Saudi Arabia has the key to any problems in the petrochemical industry by virtue of its oil reserves and massive oil production.
The king, Al-Zayani said, has a clear vision to promote SME’s in the Kingdom which would create job opportunities for the youth and eventually take the economy to new heights.
Prominent Saudi writer Mohsin Hassan Al-Sheikh said the people in the Kingdom are very happy that King Salman has unreservedly condemned terrorism by joining the world community at the G-20.
Although they try to give an Islamic color to their actions, terrorists have no religion and they are criminals involved in destructive work. Under the leadership of King Salman, he said that the Kingdom will provide an effective fight against terror so that people in the region, as well as in other parts of the world, can live in peace and prosperity.
King Salman, who was leading the Saudi delegation at the G-20 summit, met with foreign leaders gathered on Sunday and discussed with them developments in the region and the summit agenda.
The members of the G-20 are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union.
Saudi Arabia has a special place as a G-20 member given its role in global energy security and heavy-weight economic status in the region — it is the only country from the Middle East and Arab world represented in the G-20.


Italy pledges electronic warfare support to Saudi Arabia

Updated 20 April 2018
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Italy pledges electronic warfare support to Saudi Arabia

  • Saudi-Italian collaboration to develop electronic defense solutions pushed in workshop organized by the Italian Embassy, KACST and Elettronica SpA
  • Italy's Elettronica specializes in the designing and manufacturing electronic warfare equipment

RIYADH: Italy has pledged to support the Kingdom with electronic warfare and defense electronics, offering a range of state-of-the-art solutions to counter threats. 

The call for Saudi-Italian collaboration was made on Thursday at a workshop organized jointly by the Italian Embassy, the King Abdul Aziz City for Science and Technology (KACST) and Italian-based Elettronica SpA, a world leader in electronic warfare.

Italian Ambassador to the Kingdom Luca Ferrari welcomed the workshop initiative, and said: “We are working to develop a strategic partnership between our two countries, building on decades of excellent political and economic collaboration.

“Such initiatives increase mutual understanding and knowledge between Italian and Saudi counterparts and foster further opportunities for collaboration.” 

Ferrari added that the workshop is a proof of Italian industries’ and institutes’ willingness to strengthen the relationship between the two countries through working with local high-tech university centers and industries in Saudi Arabia.

He added: “The move on the part of the Italian government and our companies comes within the framework of Saudi Vision 2030, which calls for foreign partnerships to diversify the economy, cut reliance on oil and build a robust Saudi defense sector.”

The workshop, entitled “The Digital Revolution: Impacts on defense electronics, security and life,” looked at electronic warfare, cyber intelligence, the future of autonomous vehicles and implications of the digital revolution for the defense industry. 

Enzo Benigni, Elettronica’s chairman and chief executive officer, said: “Italian institutes and companies are keen to embrace the Saudi Vision 2030, and to support the growth of the defense industry and overall defense sector of the Kingdom. 

“We work in Saudi Arabia to create high-value cooperation with the Saudi armed forces and local partners with an aim to build a world-class defense sector of the Kingdom.”

Benigni said Elettronica specializes in the designing and manufacturing electronic warfare, from single stand-alone equipment to complete integrated systems, for naval, airborne and ground applications as well as for space and homeland security.