Saudi Arabia, Germany agree to set up $200m fund for women empowerment

German Chancellor Angela Merkel walks with German Ambassador Dieter W. Haller on arrival in Jeddah on Sunday. (AN photo)
Updated 02 May 2017

Saudi Arabia, Germany agree to set up $200m fund for women empowerment

RIYADH: German Chancellor Angela Merkel invited King Salman to attend the G20 summit in Germany after holding wide-ranging consultations on the agenda of the summit in Jeddah on Sunday.
Chancellor Merkel also renewed invitation to Crown Prince Mohammed bin Naif, deputy premier and minister of interior, to visit Germany.
“King Salman was formally invited by the chancellor to attend the G20 summit,” said German Ambassador Dieter W. Haller.
In a separate development, Merkel attended a meeting of Saudi businesswomen in Jeddah on Sunday.
Merkel acknowledged there have been “significant changes in the role of women” since her last visit in 2010.
She cited the historic first-time participation of women in Saudi Arabia’s elections for local municipal council seats in 2015.
“I have the impression that the country is in a phase of change and that a lot more is possible now than some years ago,” Merkel added.
Ambassador Haller said the German chancellor and top Saudi officials discussed the agenda of the G20 summit during their talks. This 12th G20 summit will be held in the German city of Hamburg, a major trade hub and port city of Europe.
Referring to the preparations for the G20 summit, the envoy said that Germany is fully geared up to host the event, to be attended by more than 20 heads of state and many representatives of international organizations.
Haller said: “The Kingdom and Germany have agreed to a proposal to set up a $200 million fund for empowerment of women within the framework of the G20.”
The fund, he said, is proposed to be created with the help of the governments’ contributions as well as contributions from the private sector entities.
When asked about the energy issues that will top the agenda of the G20 summit, he said: “Merkel also discussed the Paris climate accord and G20 decisions on energy with top Saudi officials.”
The envoy, however, did not elaborate. “Also, the focus of the talks with Saudi officials was on the need to stabilize African countries, and to align efforts to restore peace and security in Africa,” said Haller.
Germany, he said, will be closely working with the Kingdom and the state-owned Saudi Fund for Development (SFD) in Africa, both on bilateral and G20 levels.
Haller said the business meeting at Jeddah Chamber of Commerce organized during the visit of Merkel shed light on the plans and policies of the Saudi government within the framework of the Saudi Vision 2030.
“There was substantial discussion over how Germany could support Saudi efforts to diversify its economy and reduce its dependence on oil,” said the diplomat, while referring to the participation of top-notch businessmen and executives in the meeting.
Referring to the progressively growing relations between Riyadh and Berlin in different sectors, Haller said the two sides are now working to sign a major Memorandum of Understanding (MoU) on scientific and technological cooperation.
This agreement will be endorsed by the German Federal Ministry of Research and Education, and Riyadh-based King Abdulaziz City for Science and Technology (KACST) possibly later this year.
Haller said the German chancellor’s visit has given a new boost to the existing links. The volume of commercial exchange stood at $8.72 billion in 2016, which need to be further increased, he said.
German investments in Saudi Arabia are around $1.3 billion, while many Saudi and German companies have revealed keen interest to set up joint ventures.

Wait is almost over for music fans eager to learn who will headline E-Prix concerts

Updated 13 November 2019

Wait is almost over for music fans eager to learn who will headline E-Prix concerts

  • Organizers promise this year’s line-up of international stars at Diriyah event will be bigger than ever

RIYADH: The first of the major international music acts that will perform at the Diriyah E-Prix this month will be announced on Wednesday.

There were incredible scenes at the event last year when David Guetta, One Republic, the Black Eyed Peas, Amr Diab, Enrique Iglesias and Jason Derulo rocked the UNESCO World Heritage site. About 40,000 fans flocked to the Diriyah Circuit, on the outskirts of Riyadh, for the after-race concerts, the first unsegregated music events in Saudi Arabia

The stage is set for even bigger and better things this year, with the promise of another two nights of unmissable music on Nov. 22 and 23 as the E-Prix racing returns.

“If you were one of the 40,000 who were lucky enough to be part of that watershed moment (last year) for the Kingdom, believe me, you have not seen anything yet,” said Prince Abdul Aziz Al-Faisal Al-Saud, chairman of the General Sports Authority.

“Last year we told people before we announced (the acts) they should get their tickets early to avoid disappointment. Once we revealed who was coming, the tickets sold out incredibly quickly. This year will be the same but even bigger, so for music fans who want to enjoy the biggest concerts in Saudi Arabia, the smart move is to get your ticket now.”

The Diriyah E Prix kicks off the sixth season of the ABB FIA Formula E Championship, the world’s premier all-electric motorsport series, with a double header of races. It also marks the start of Diriyah Season, a month of sport, entertainment, art, cultural festivities, food and retail experiences. Tickets for the Diriyah E Prix, which include entry to the after-race concerts, are available at