Saudi energy minister visits Pakistan’s Gwadar oil refinery site

Saudi energy minister visits Pakistan’s Gwadar oil refinery site
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Saudi Arabia’s Minister of Energy Khalid A Al-Falih is received by Pakistan Petroleum Minister Ghulam Sarwar Khan and Port and Shipping minister Ali Zaidi. (Twitter photo)
Saudi energy minister visits Pakistan’s Gwadar oil refinery site
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Pakistan and Saudi officials discuss prospects of oil refinery and development of Gwadar in a meeting held in Gwadar. (Twitter photo)
Saudi energy minister visits Pakistan’s Gwadar oil refinery site
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Pakistan’s minister of Port and Shipping, Syed Ali Haider Zaidi, takes selfie with Saudi minister of energy, Khalid A Al-Falih. (Photo Courtesy: BoI)
Updated 15 January 2019

Saudi energy minister visits Pakistan’s Gwadar oil refinery site

Saudi energy minister visits Pakistan’s Gwadar oil refinery site
  • Pakistan, Saudi Arabia in talks over oil refinery in Balochistan’s Gwadar district
  • MoU to be signed next month

KARACHI: Saudi Arabia’s Minister of Energy Khalid A Al-Falih on Saturday visited the port city of Gwadar to witness development work and the area allocated for a multibillion oil refinery.
Pakistan and Saudi Arabia are in talks over an agreement to install the Saudi Aramco Oil Refinery in Balochistan’s Gwadar district. 
Last year, the Saudis also offered Pakistan a $6-billion rescue package to help shore up the economy. 
The Saudi delegation was received by Pakistan petroleum minister Ghulam Sarwar Khan, port and shippings minister Syed Ali Haider Zaidi and Baluchistan information minister Zahoor Buledi.
“Pakistan and Saudi Arabia are the two sound foundations of peace and stability”, Khalid A Al-Falih, said while speaking to media in Gwadar.
Al Falih, who is also chairman of the Board of Saudi Aramco, said bilateral relations between Pakistan and Saudi Arabia are very strong and Saudia Arabai would "play its role for the development and prosperity of Pakistan."
“The Saudi delegation led by Al Falih has come to see the area allocated for the oil refinery in Gwadar. Soon a state of the art oil refinery would be set up in Gwadar”, Ghulam Sarwar said, according to a statement issued by the ministry of petroleum.
The petroleum minister said he hoped that a memorandum of understanding about the oil refinery would be signed between the two governments next month: “This would be the biggest investment of Saudi Arabia in Pakistan."
The government of Pakistan has already given approval for the MoU.
The visiting Saudi delegation was briefed by the chairman of Gwadar Development Authority, Dostain Jamaldini, about the development of the country’s deep sea port being constructed with the help of China.
Earlier, Pakistan’s Finance minister had said that Saudi Arabia’s Minister of Energy and the Chairman of the Board of Saudi Aramco, had arrived in Pakistan to meet with officials and new investments would be announced as the "next step."
Umar was speaking at the Karachi Chamber of Commerce and Industry and called the Saudi minister the "world’s most powerful minister of energy."
“In the next step, the announcement of investment will be made,” Umar said. “The bilateral support our country has received from friendly countries in last five months has never happened in our history."
Saudi Aramco will construct the petrochemical complex which will house the multibillion oil refinery. 
“Overall directions of agreement (MoU) have been agreed upon and the agreement will be signed at the appropriate time,” Haroon Sharif, Chairman of Pakistan Board of Investment, had recently told Arab News.
“I am expecting around $15 billion investment from Saudi Arabia in the next three years. The inflow of investments for the oil refinery and petrochemical complex in Pakistan is estimated to be between $6 billion to $10 billion,” Sharif said.
Pakistan is hoping to attract more than $40 billion foreign direct investment in the next five years, he said. 
“We estimate that roughly around $40 billion investment will be made by these three countries (Saudi Arabia, the UAE, and China) during the next three to five years,” Sharif added.


Eastern Province governor receives Netherlands ambassador to Saudi Arabia

Eastern Province governor receives Netherlands ambassador to Saudi Arabia
Updated 45 min 29 sec ago

Eastern Province governor receives Netherlands ambassador to Saudi Arabia

Eastern Province governor receives Netherlands ambassador to Saudi Arabia

Eastern Province Gov. Prince Saud bin Naif met Janet Alberda, ambassador of the Kingdom of the Netherlands to Saudi Arabia, in Dammam on Wednesday.
During the meeting, they discussed bilateral relations between the two countries and issues of common interest, the Saudi Press Agency reported.
Alberda highlighted the development that the Eastern Province has been witnessing, and wished further progress and prosperity for the Kingdom.
The meeting was attended by the Saudi Honorary Consul to the Kingdom of the Netherlands Sulaiman Al-Suhaimi.
Also on Wednesday, Prince Saud received the regional director of Al Arabiya channel, Mohammed Al-Hekmi, accompanied by a number of employees.
Prince Saud praised the role of the media in highlighting the societal and development accomplishments of the Kingdom in general and the Eastern Province in particular.
The media played an influential role and was an important means of communication, he said.
Earlier, Prince Saud met the US consul general in Dhahran, Nicholle Manz-Baazaoui. Issues of common interest and ways to promote relationships between the two countries were discussed.
Prince Saud stressed the solid ties between the two countries and their common vision on various topics.
He also highlighted the two countries’ joint work toward achieving security and peace in the region and the world, as well as their economic and cultural cooperation.
 


Who’s Who: Tareq Al-Sadhan, CEO of Riyad Bank

Who’s Who: Tareq Al-Sadhan, CEO of Riyad Bank
Updated 25 February 2021

Who’s Who: Tareq Al-Sadhan, CEO of Riyad Bank

Who’s Who: Tareq Al-Sadhan, CEO of Riyad Bank

Tareq Al-Sadhan has been president and CEO of Riyad Bank since April 2019. Before that, he served as the bank’s senior executive vice president from January 2018 to March 2019.
Al-Sadhan worked with KPMG Saudi Arabia, where he spent 18 years rising through the ranks to become one of the youngest partners in the firm’s history.
He was CEO/managing partner and chairman of the advisory committee during his last five years at the company.
Before his current position, Al-Sadhan worked in the Kingdom’s public sector in roles such as adviser to the chairman in the Saudi Fund for Development, acting director general at the General Authority for Zakat and Tax, and deputy governor for supervision at the Saudi Central Bank.
Al-Sadhan holds a bachelor’s degree in administration science from King Saud University, majoring in accounting (1997), and a master’s degree in business management from Ecole Nationale des Ponts et Chaussees, France (2007).
He gained a diploma in international business from the University of Edinburgh in 2006, and a diploma in leadership development and strategy from INSEAD in 2010.
Al-Sadhan is a member of the 2020 World Economic Forum’s Stewardship Board for the Middle East and North Africa, and a fellow of the American Institute of Certified Public Accountants and the Saudi Organization for Certified Public Accountants.
He has been an audit committee member at the Public Investment Fund since March 2019, and an advisory board member at Mastercard since March 2018.


Saudi Prince Khalid bin Salman discusses defense relations with UK

Saudi Prince Khalid bin Salman discusses defense relations with UK
Updated 25 February 2021

Saudi Prince Khalid bin Salman discusses defense relations with UK

Saudi Prince Khalid bin Salman discusses defense relations with UK
  • Prince Khalid bin Salman held a phone call with British Defense Secretary Ben Wallace

RIYADH: Saudi Deputy Defense Minister Prince Khalid bin Salman held a phone call with British Defense Secretary Ben Wallace to discuss defense relations between both countries. 

“Had a good call with the United Kingdom Defense Secretary Ben Wallace to discuss defense relations between our two friendly countries, and our common interests in achieving regional and international stability,” Prince Khalid tweeted Wednesday.

In an interview last year with Al Arabiya, Wallace said the UK’s relations with Saudi Arabia are not restricted to selling weapons, but a strong defense partnership.


KSrelief launches medical campaign in Djibouti

KSrelief launches medical campaign in Djibouti
Updated 25 February 2021

KSrelief launches medical campaign in Djibouti

KSrelief launches medical campaign in Djibouti

DJIBOUTI: The King Salman Humanitarian Aid and Relief Center (KSrelief) has launched a voluntary medical campaign for specialized surgeries in Djibouti.

The center’s medical team has to date performed 41 urinary tract operations on children in the east African country and provided the necessary treatment for 60 other cases.

The health initiative is part of Saudi Arabia’s relief and humanitarian efforts, through the center, to help crisis-hit countries and the suffering of people around the world.
 


Saudi crown prince undergoes successful appendicitis surgery

Saudi crown prince undergoes successful appendicitis surgery
Updated 25 February 2021

Saudi crown prince undergoes successful appendicitis surgery

Saudi crown prince undergoes successful appendicitis surgery
  • The crown prince left the hospital later on Wednesday

LONDON: Saudi Arabia’s Crown Prince Mohammed bin Salman underwent a successful surgical procedure on Wednesday morning to treat appendicitis at King Faisal Specialist Hospital, Saudi Press Agency (SPA) reported.

The crown prince left the hospital later on Wednesday.