RIYADH: The Saudi Arabian General Investment Authority (SAGIA) announced the signing of memorandums of understanding (MoUs) and agreements, along with the handing of permits to Japanese corporations to work in the Kingdom.
The announcements were made on the sidelines of the Saudi-Japan Vision 2030 Business Forum in Tokyo.
“The signed agreements covered various strategic fields such as financing, education, industry and manufacturing,” SAGIA said.
“This comes as part of the Vision 2030 goal to create investment opportunities in the Kingdom.”
SAGIA’s Gov. Ibrahim Al-Omar said: “The signing of these agreements highlights the Kingdom’s openness to attract foreign investment.”
He added: “Japan is one of the Kingdom’s key economic partners. This partnership can become broader in light of the Kingdom’s economic reforms and constant progress in the business sector.”
The signed agreements included one between SAGIA, Mitsubishi UFJ Financial Group and Mizuho Bank to discuss the Kingdom’s investment opportunities.
Another agreement was signed between SABIC and Yokogawa Electric Co. to establish a local franchise. An MoU was signed between King Faisal University and the National University of Oita. Another one was signed between the Saudi Industrial Development Fund and Sumitomo Mitsui Banking Corp. to finance opportunities and develop human capital.
The forum, co-hosted by SAGIA and the Japan External Trade Organization, saw the participation of more than 300 representatives of government bodies and corporations, as well as investors and business people from both countries.
Japan is the Kingdom’s second-biggest source of foreign capital and its third-largest commercial partner.
Guinness World Records has great expectations for Saudi titles milestone
In MENA region, KSA is second behind UAE for its record-breaking prowess, with 93 GWR titles
Updated 25 September 2020
JEDDAH: Saudi Arabia’s penchant for breaking world records looks set to see the Kingdom smash through the 100 titles mark in the not-too-distant future, officials have predicted.
Guinness World Records (GWR), which lists incredible human achievements and extremes of nature, has great expectations for the country over the coming months.
The Kingdom has been placed second behind the UAE in the Middle East and North Africa (MENA) region for its record-breaking prowess, with 93 GWR titles under its belt.
GWR’s senior marketing manager in the MENA region, Shaddy Gaad, told Arab News: “We’re very impressed with Saudi record-breaking and we’re really excited — a lot of record-breaking happens on the National Day.
“Over the last few years and with the Saudi Seasons (activity festivals) we’ve seen a big rise in record-breaking in Saudi Arabia and we’re looking forward to seeing this continue.
“Saudi Arabia is on the up and it’s rising very quickly. There were a lot of records broken near the end of last year. We had Riyadh Season and we had AlUla. I think that number’s going to rise up very quickly,” he said.
Gaad added that so far this year there had been a 15 percent increase in the number of new records set by MENA nations.
“This year we received 750 applications from the MENA region, compared to 649 in the first eight months of 2019. From Saudi Arabia, we received 79 applications and we expect it to go up to 100 by the end of the year,” he said.
One of the most notable titles achieved by Saudi Arabia was for the largest mirror building, the Maraya Concert Hall in AlUla. “If you see that building itself, it’s absolutely beautiful. It looks like something out of a movie,” added Gaad.
Jeddah can boast the world’s largest burger restaurant, with I’m Hungry covering 2,860 square meters, the equivalent of 11 tennis courts according to its marketing team.
The Red Sea port city also has the world’s tallest unsupported flagpole, while AlUla plays host to the largest hot air balloon glow show, and Saudi influencer Hussain Sallam (known as S7S) holds the record for the largest serving of sayadieh (1,334 kilograms of the seasoned fish and rice dish).
Stunt driver Terry Grant completed the largest loop-the-loop in a car during Riyadh Season on Nov. 25, and the MDL Beast Festival in the Saudi capital on Dec. 21 won the tallest stage title.
However, similar to most organizations, WGR has had to adapt to working around safety restrictions put in place due to the coronavirus disease (COVID-19) pandemic.
“We moved a lot of things online. To view the growth in the number of applications, we launched this online record-breaking; what happened is it’s a dedicated brand and content division, focused on helping brands and businesses break records as part of their marketing campaign, and all of it is done over the internet.
“It wasn’t difficult; record-breaking and evidence provision is generally done online. It wasn’t difficult for us; the only thing was that people just had to get used to it, but it was a seamless process,” said Gaad.
The new division runs over content such as live-streaming, online pledges, online albums, video relays, and video chains.
One of them happened in Saudi Arabia, with the most viewers for an Iftar YouTube live stream, when 183,544 people tuned in to enjoy popular YouTubers such as “The Saudi Reporters” and comedian Omar Hussein.
“These influencers got together on YouTube, live, and for an hour they were sharing their stories about Ramadan traditions and Saudi traditions. They broke their fast and shared this moment with their fans. That video ended up trending as No. 1 in Saudi and the region.
“If anything, this pandemic has taught us to adapt to situations. I think people are now more flexible with the idea of doing online records as much as they’re doing offline records,” Gaad added.
He pointed out that the online application process for the GWR was simple and that titles were granted based on whether the record was measurable (longest, largest, heaviest, etc.), breakable, standardizable, or verifiable, and if it was made up of one variable.
SOME OF THE RECORDS BROKEN IN SAUDI ARABIA
• Tallest flagpole: The tallest unsupported flagpole measures 171 meters (561 feet) and was erected by Jeddah Municipality and Abdul Latif Jameel Community Initiatives (ALJCI) in Jeddah on Sept. 23, 2014.
• Largest drinking water storage facility: The largest drinking water storage facility is the Briman Strategic Water Reservoir, in Jeddah, with a total capacity of 2,062,500 cubic meters, verified on Nov. 17, 2014. Fun fact: The volume of this facility could fill up six skyscrapers the size of the Burj Khalifa in Dubai.
• Largest burger restaurant: The largest burger restaurant covers an area of 2,860 square meters and the title was achieved by I’m Hungry in Jeddah on Dec. 12, 2019.
• Largest hot air balloon glow show: The largest hot air balloon glow show consisted of 100 hot air balloons and was achieved by the Royal Commission for AlUla on Jan. 6, 2019.
• The Largest Serving of sayadieh: The largest serving of sayadieh was 1,334 kg achieved by Hussain Sallam in Jeddah on Sept. 14, 2019.
• Darkest man-made substance: The darkest man-made substance is a black material made of gold nanoparticles and called dark chameleon dimers, which absorbs more than 99 percent of visible light over the whole visible range. The material was made by scientists from King Abdullah University of Science and Technology (KAUST), in a joint collaboration between Prof. Yu Han and Prof. Andrea Fratalocchi.
• Largest water desalination company: The largest water desalination company is Saline Water Conversion Corp. (Saudi Arabia) which produces 4,600,000 cubic meters a day as verified on June 4, 2016.
•Largest Tele-ICU command center: The largest Tele-ICU command center consisted of 796 beds and was achieved by Dr. Sulaiman Al-Habib Medical Group in Riyadh and verified on July 31, 2019.
• Tallest stage (temporary): The tallest stage (temporary) measured 38 meters in height and was achieved by MDL Beast Fest in Riyadh on Dec. 21, 2019.
• Most consecutive wins in AFC champions league: The most consecutive wins of the AFC champions league are two achieved by Al Ittihad FC (Saudi Arabia) in 2004-2005.
• Largest human awareness ribbon: The largest human awareness ribbon consisted of 8,264 participants and was achieved by Saudi women at an event organized by 10KSA in Riyadh on Dec. 12, 2015.