Iraq urges Saudis to invest in agricultural projects

Iraqi Agriculture Minister Falah Al-Lahibi speaking at a meeting with Saudi businessmen in Riyadh on Wednesday. To his right is Sami Al-Obaidi, vice chairman of the Council of Saudi Chambers. (AN photo)
Updated 20 July 2017

Iraq urges Saudis to invest in agricultural projects

RIYADH: Iraq’s agriculture minister on Wednesday urged Saudi businessmen to invest in mutually beneficial agricultural projects in his country.
Falah Al-Lahibi was addressing members of the Council of Saudi Chambers (CSC) at a meeting chaired by its Vice Chairman Sami Al-Obaidi at the council’s headquarters in Riyadh.
Al-Lahibi, leading an Iraqi delegation, urged Saudi businessmen to learn about his country’s promising investment opportunities in the agricultural sector.
The meeting, attended by Iraqi Ambassador to the Kingdom Rushdi Al-Ani, discussed ways to strengthen bilateral economic and trade relations, and reviewed investment opportunities in both countries.
Al-Lahibi reviewed Iraq’s agricultural sector, its economic importance and its investment potential.
He said there are promising opportunities due to the availability of water, fertile land, expertise and labor, as well as the geographic proximity between the two countries. He added that investing in Iraq is now safe as security has stabilized.
Welcoming Al-Lahibi, Al-Obaidi expressed Saudi interest in investing in Iraq. He called for joint efforts to increase bilateral trade and investment in viable ventures in the agricultural sector, which is an important way to diversify sources of income in the Kingdom, in line with Vision 2030.


Plan approved to establish Institute of Traditional Arts in Saudi Arabia

The minister of culture announced last August that academies will be evaluated according to the market’s needs. (SPA)
Updated 23 October 2019

Plan approved to establish Institute of Traditional Arts in Saudi Arabia

  • The Institute of Traditional Arts aims to preserve the local identity through teaching arts, contributing to the preservation and development of the Saudi heritage, graduating qualified practitioners, and using arts to raise awareness

RIYADH: The minister of culture, Prince Badr bin Abdullah bin Farhan, on Tuesday, adopted a plan to establish the Institute of Traditional Arts at the Royal Academy of Arts.
The institute will begin receiving applications for the fall of 2020, targeting 1,000 students and trainees in long- and short-term programs.
The Institute of Traditional Arts aims to preserve the local identity through teaching arts, contributing to the preservation and development of the Saudi heritage, graduating qualified practitioners, and using arts to raise awareness.
The institute also aims to encourage artists through programs or partnership with relevant sectors.
The institute is part of the Academies of Arts’ initiative, which was announced in the Ministry of Culture’s first package last March, and the among the quality of life program’s initiatives. The minister of culture announced last August that academies will be evaluated according to the market’s needs, with the first being specialized in heritage and traditional arts and crafts.