Saudi Arabia, Spain mean business

Saudi Arabia, Spain mean business
Saudi Arabia's Minister of Commerce and Investment Majid Al-Qasabi, right, signs a cooperation agreement with Spanish Secretary of State for Trade Marisa Poncela Garcia in Riyadh.(SPA)
Updated 09 February 2018

Saudi Arabia, Spain mean business

Saudi Arabia, Spain mean business

RIYADH: Saudi Arabia and Spain agreed to increase the volume of investment in key sectors at the second session of the Saudi-Spanish Joint Committee this week.
The committee was co-chaired by Minister of Commerce and Investment Majid Al-Qasabi and visiting Spanish Secretary of State for Trade Marisa Poncela Garcia.
Spanish Ambassador Alvaro Iranzo told Arab News on Thursday: “The joint committee held the second session in Riyadh and the two sides discussed bilateral cooperation and issues and common interests in accordance with the joint cooperation agreement that was signed by the two countries in Madrid on Feb. 22, 2007.”
He said that according to the agreement the joint committee meeting is to be held alternatively in Madrid and Riyadh. The first meeting was held in Madrid in 2014.
Iranzo said that the Spanish secretary of state for trade left Riyadh on Wednesday after a very “successful meeting” during which the two sides discussed bilateral trade relations and the promotion of trade and economic relations, as well as mutual investment opportunities in commerce, investment, economy, energy, industry, mining, science, technology, water, agriculture, finance, housing and tourism.
“Many aspects of bilateral relations were discussed with both sides keen to further enhance economic and technical cooperation in line with Vision 2030,” he said.
The two leaders stressed the importance of building cooperation in the private sector with exchange visits of business delegations, identifying export and investment opportunities, sharing expertise in the development of Small and Medium Enterprises (SMEs) and enriching the experience of entrepreneurs from the two countries.
“Companies from the Kingdom doing business in Spain and Spanish companies working in Saudi Arabia will be encouraged to help further enhance bilateral cooperation,” the envoy said.
Saudi companies SABIC and Alfanar had made a huge investment in Spain with big factories set up, he said. “We are exploring various ways in which both countries can assist each other in both public and private sectors,” he said.
Delegations reviewed the volume of trade exchange between the two countries and expressed a desire to further expand and diversify commercial business.
Iranzo said the volume of trade between the countries “stands at €5.5 billion ($6.8 billion),” and “we have scope to further increase the volume of trade.”
“Saudi Arabia is passing through an exciting time with Vision 2030, and Spain is willing to be a partner in development for a positive change and for national transformation,” he said.
“We have stocks of investment, we have good people-to-people contact and we wish to take it to new highs with our part in this transformation program.”


Saudi Arabia advances in global COVID-19 research ranking

Saudi Arabia advances in global COVID-19 research ranking
Education Minister Hamad Al-Sheikh. (SPA)
Updated 25 January 2021

Saudi Arabia advances in global COVID-19 research ranking

Saudi Arabia advances in global COVID-19 research ranking
  • Saudi Arabia continues to be ranked first in the Arab World and 12th among the G20 member states

RIYADH: Saudi Arabia has been ranked 14th internationally for its COVID-19 university research, rising from its previous 17th ranking, according to the database of the Web of Science.

The Kingdom continues to be ranked first in the Arab World and 12th among the G20 member states.

Education Minister Hamad Al-Sheikh thanked King Salman and Crown Prince Mohammed bin Salman for their support for education, for attaching great importance to research and innovation, and for supporting scientists and researchers in Saudi universities to become globally competitive.

He said that this achievement was a continuation of the efforts of the Kingdom in addressing the COVID-19 pandemic. This reflected the Kingdom’s capabilities when it came to managing crises.

Al-Sheikh said that Saudi universities had published 84 percent of the Kingdom’s COVID-19 research, and that the Kingdom had published 915 scientific papers by local scientists since the outbreak of the pandemic.

He thanked Saudi universities that contributed to publishing the research papers as well as the faculty members and researchers who were serving their community.

Al-Sheikh said that this achievement reflected the Ministry of Education’s keenness to organize events that enhanced the participation of Saudi universities, research centers, researchers and academics in supporting scientific research during the pandemic.

This was in addition to coordinating the efforts of universities through specialized workshops to improve the efficiency of research and its contribution to fighting COVID-19, discussing ways to prevent and treat the disease, and investing in the research capabilities of the staff of universities and research centers by finding scientific solutions that contributed to addressing the pandemic.

The Kingdom vs. COVID-19
How Saudi Arabia acted swiftly and coordinated a global response to fight the coronavirus, preventing a far worse crisis at home and around the world
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