Saudi Arabia, South Korea sign $8.3 billion deals

Saudi Arabia, South Korea sign $8.3 billion deals
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Saudi Crown Prince Mohammed bin Salman, left, shakes hands with South Korean President Moon Jae-In shakes hands during a meeting at the Presidential Blue House in Seoul on June 26, 2019. (AFP)
Saudi Arabia, South Korea sign $8.3 billion deals
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Saudi Crown Prince Mohammed bin Salman, left, shakes hands with South Korean President Moon Jae-In shakes hands during a meeting at the Presidential Blue House in Seoul on June 26, 2019. (AFP)
Saudi Arabia, South Korea sign $8.3 billion deals
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Saudi Crown Prince Mohammed bin Salman, left, talks with South Korean President Moon Jae-In (not pictured) during a meeting at the Presidential Blue House in Seoul on June 26, 2019. (AFP)
Saudi Arabia, South Korea sign $8.3 billion deals
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Saudi Crown Prince Mohammed bin Salman and South Korean President Moon Jae-In walk to view an honor guard during a welcoming ceremony in Seoul. (SPA)
Saudi Arabia, South Korea sign $8.3 billion deals
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Saudi Crown Prince Mohammed bin Salman and South Korean President Moon Jae-In walk to view an honor guard during a welcoming ceremony at the presidential Blue House. (AP)
Saudi Arabia, South Korea sign $8.3 billion deals
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Saudi Crown Prince Mohammed bin Salman and South Korean President Moon Jae-In during a welcoming ceremony in Seoul. (SPA)
Saudi Arabia, South Korea sign $8.3 billion deals
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Saudi Crown Prince Mohammed bin Salman and South Korean President Moon Jae-In walk to view an honor guard during a welcoming ceremony in Seoul. (SPA)
Saudi Arabia, South Korea sign $8.3 billion deals
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Saudi Crown Prince Mohammed bin Salman during a welcoming ceremony in Seoul. (SPA)
Saudi Arabia, South Korea sign $8.3 billion deals
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Saudi Arabia’s Crown Prince Mohammed bin Salman has arrived in Seoul, South Korea on Wednesday. (SPA)
Saudi Arabia, South Korea sign $8.3 billion deals
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Saudi Arabia’s Crown Prince Mohammed bin Salman has arrived in Seoul, South Korea on Wednesday. (SPA)
Saudi Arabia, South Korea sign $8.3 billion deals
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Saudi Arabia’s Crown Prince Mohammed bin Salman is welcomed by South Korean top officials including President Moon Jae-in upon his arrival in Seoul on Wednesday. (SPA)
Saudi Arabia, South Korea sign $8.3 billion deals
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Saudi Arabia’s Crown Prince Mohammed bin Salman upon his arrival in Seoul on Wednesday. (SPA)
Saudi Arabia, South Korea sign $8.3 billion deals
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Huge banners showing a portrait of Saudi Arabia’s Crown Prince Mohammed bin Salman are seen on the wall of the S-Oil headquarters building in Seoul. (AFP)
Saudi Arabia, South Korea sign $8.3 billion deals
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Crown Prince Mohammed bin Salman met with Chey Tae-won, chairman of SK Group. (SPA)
Saudi Arabia, South Korea sign $8.3 billion deals
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Crown Prince Mohammed bin Salman met with the chairman of LG Group Koo Kwang-mo. (SPA)
Saudi Arabia, South Korea sign $8.3 billion deals
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Crown Prince Mohammed bin Salman met with Hyundai Group’s executive vice president, Chung Eui-sun and Hyundai Heavy Industries President Sam-hyun Ka. (SPA)
Saudi Arabia, South Korea sign $8.3 billion deals
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Updated 28 June 2019

Saudi Arabia, South Korea sign $8.3 billion deals

Saudi Arabia, South Korea sign $8.3 billion deals
  • On first visit to Seoul, Saudi crown prince oversees raft of agreements on energy, motors, tourism and health
  • President Moon pledges support for KSA’s Vision 2030 drive to diversify economy away from oil

SEOUL: Saudi Arabia and South Korea signed an $8.3 billion economic cooperation pact on Wednesday during Crown Prince Mohammed bin Salman’s first visit to Seoul.

The signing followed talks between the crown prince and South Korean President Moon Jae-in to strengthen bilateral ties between the two governments.

The crown prince, who also serves as deputy prime minister and minister of defense of the Kingdom, was received by South Korean Prime Minister Lee Nak-yeon and Saudi Ambassador to Seoul Riyadh Al-Mubaraki. The Saudi leader and Moon inspected an honor guard at the presidential Blue House in central Seoul before delegations from both countries conducted the summit.

During the summit talks, President Moon expressed hope the bilateral relationship would take a leap forward on the occasion of the crown prince’s visit to South Korea, the first by an heir to the throne of the world’s largest oil exporter since 1998.

“Saudi Arabia is the largest oil supplier for us, and it’s the biggest customer for South Korean construction firms. It is also our No. 1 trade partner in the Middle East,” Moon said, referring to Saudi’s Vision 2030 project as a key area of mutual cooperation.

“As a partner of the Vision 2030 project, South Korea will expand cooperation with Saudi Arabia to the areas of information and communications technology, smart infrastructure, defense, health and medicine and others beyond the traditional cooperation on energy and construction,” Moon said.

Saudi Aramco 

Most of the agreement is in the form of a $6 billion deal between Saudi Aramco and the Korean company S-Oil to build an oil refinery and downstream petrochemical facilities in South Korea.

A giant banner welcoming the crown prince was on display at the Seoul headquarters of S-Oil, South Korea’s third-biggest refiner, which is majority owned by Aramco.

Prince Mohammed said the Kingdom planned to invest even more in South Korea, especially on expanding collaboration in the fields of energy, automotive, tourism and health.

“The people of both countries will thrive through cooperation in the sectors of defense and economy,” he said.
President Moon Jae-in said his government would provide full support to Saudi Arabia’s efforts to diversify its economy away from its dependence on energy.
 

The two leaders discussed ways of boosting their relationship, with a focus on the new industrial sectors of information and communications technology, hydrogen energy, robots, health, medical services and culture.

Saudi Arabia is South Korea’s “biggest construction market overseas, the largest investor in the country among countries in the Middle East and also the biggest trading partner in the region,” the president said.

 




The National Intellectual Property Strategy Program was signed in the presence of the crown prince and the South Korean president. (Supplied)

The $8.3bn economic deal also involved several other agreements between Aramco and Korean companies, including the Korea National Oil Corporation, Hyundai Heavy Industries and carmaker Hyundai Motor.

Aramco alone signed 12 separate agreements worth billions of dollars with South Korean partners as it plans to increase its global footprint over the next decade. One of the deals, with Hyundai, is for cooperation on hydrogen-fuelled cars.

The crown prince, on the first visit to South Korea since 1998 by the heir to the Saudi throne, held talks with the heads of South Korea’s biggest conglomerates, including Samsung heir Lee Jae-yong; Chung Eui-sun, vice chairman of Hyundai Motor Group; Chey Tae-won, chairman of SK Group; LG chairman Koo Kwang-mo; and Chung Ki-sun, senior executive vice president of Hyundai Heavy Industries.

“I hope companies from both nations can set up a strategic and cooperative relationship through vibrant business activity,” the crown prince said.




Hyundai Motor and Aramco signed an MoU to cooperate on hydrogen energy. (Supplied)

Regional stability

Prince Mohammed and the prime minister jointly condemned terrorism that harmed energy security and regional stability in the Middle East, including attacks by Iran-backed Houthi militias in Yemen on Abha airport in southern Saudi Arabia.

The crown prince pledged to help with any fuel shortages suffered by South Korea in the event of supply disruption caused by tension in the Middle East.

Seoul’s Ministry of Trade, Industry and Energy, meanwhile, said it has agreed with its Saudi Arabian counterpart to join hands in the automobile segment for the development of environment-friendly cars.

“Both governments will cooperate in developing technologies to utilize hydrogen as an alternative to traditional fossil fuels as well, the ministry said in a statement.

After South Korea, the crown prince is scheduled to travel to Japan to head the Saudi Arabian delegation at the G20 Summit in Osaka on June 28-29.
 

 


Picture perfect: Saudi Arabia’s ancient beauty finds a new audience

Picture perfect: Saudi Arabia’s ancient beauty finds a new audience
Updated 3 min 17 sec ago

Picture perfect: Saudi Arabia’s ancient beauty finds a new audience

Picture perfect: Saudi Arabia’s ancient beauty finds a new audience
  • Online platforms have become a melting pot of images taken by photographers who travel the country

JEDDAH: A new generation of Saudi photographers is relying on the power of social media to showcase the Kingdom’s vast beauty.

Online platforms have become a melting pot of images taken by photographers who travel the country — from the sandy beaches of the east and west, to the mountains of the north and south, and the green oases of the deserts — discovering the beauty of each region one picture at a time.

Fahad Al-Mutairi, 22, started @thesaudigate on Twitter to promote Saudi Arabia’s “hidden wonders” to a growing tourist market.

“I wanted to be part of the future somehow — that’s why I started Saudi Gate and this is what has motivated me to go on,” he told Arab News.

Many other photographers who travel the country share the same outlook.

Faisal Fahad Binzarah, 41, said: “I had to work on a few projects and went to places I had never been before. I remember thinking, where has this been all my life? I never thought I would find such gems in Saudi Arabia.”

Binzarah said that he looks for dramatic landscapes and tries to “capture the overall feeling of the place.”

He said: “The pictures I take are not unique, the uniqueness comes from the places. I am just the conveyer of the beauty and nothing else.

“As a photographer, I try to capture the right objects at the right time, but often I feel like the beauty is not represented,” he said.

Al-Mutairi said that about a third of @thesaudigate’s followers are international, and they are usually surprised by what they see.

“Often they are amazed but also very happy because after going through the pictures they know that there is a part of the world that they must explore.”

Hadi Farah, 28, a Lebanese photographer who now lives in the Kingdom, said that he had traveled widely in Saudi Arabia and “always felt a sense of welcome and ease.”

“I think tourism is directly influenced by photographers. Whenever I upload something, I receive questions with people asking if this is really in Saudi Arabia or have I accidentally put the wrong name.

“Unfortunately, people think that it is just a desert and nothing else. So by posting pictures of these places we are educating them about possibilities and attractions they thought never existed,” he said.

Binzarah agreed, saying: “Undiscovered places are of interest for professional photographers, because they are always looking for challenges, and I think this ignites their interests to go to these places and explore.”

he added that “while the desert might be nothing new to a Saudi resident, it will be of interest to people who live in greener countries.”

Saudi Arabia, as a land of ancient civilizations, is extremely appealing for archaeologists and tourists interested in history, Binzara said.

Farah described the beauty of nature in different places, saying: “We associate beauty with life, and in our minds where there is green there is life, but we forget that there is also life in rocks and sand, and they are rich in history. So, we need to keep in mind that the beauty of AlUla is different from other areas.”

Technology is also having a major influence. Photographers now use drones to reach places that once were too dangerous or remote, and the resulting images shed new light on the power of photography and the beauty of landscapes.

“Being on social media gives us the drive to do better,” Binzarah said. “If there is no community or people to engage with, it gets dull.”

He added: “It is a personal journey and one for everyone to discover Saudi Arabia one picture at a time.”

 


Family affair: Saudi siblings inherit father’s law legacy

Family affair: Saudi siblings inherit father’s law legacy
Having seen their father work while growing up, the three eldest children, Osama, Jawaher and Haya, are all now practicing lawyers. (Supplied)
Updated 21 min 15 sec ago

Family affair: Saudi siblings inherit father’s law legacy

Family affair: Saudi siblings inherit father’s law legacy
  • Veteran lawyer Musaad Al-Saleh feels ‘sense of pride’ over children’s path

MAKKAH: Law firms in Saudi Arabia are very much a dime a dozen, but one law firm in Tabuk is showing their power through family unity.

Following one career path, three young lawyers are following their father’s footsteps in the legal profession.

Musaad Al-Saleh, 50, told Arab News that his children chose the profession without any pressure because they saw a career that meets their abilities, adding that they will be “a family that will be difficult to approach.”

Having seen their father work while growing up, the three eldest children, 29-year-old Osama, 25-year-old Jawaher and 23-year-old Haya, are all now practicing lawyers.

“It’s common to find families that inherit the medical, business, trade, carpentry and other professions. Women did not enter the legal profession until recently, and the first license for a woman to practice law was offered about five years ago,” said Al-Saleh.

“My children have followed my line of work. Some of them have specialized in commercial law and the others in criminal law, allowing for diversity in dealing with legal issues in the law firm.”

He said that many families follow older generations into a profession, and that now, through women’s empowerment in the Kingdom, women in the family have been able to play the societal roles assigned to them, adding that he worked in the legal field for more than 25 years until retirement.

Al-Saleh said that his two daughters graduated from the University of Tabuk’s law department, while his son graduated from Al-Jouf University. Years ago, Al-Saleh had graduated from Al-Madinah University. He stressed that he did not force any of his children to enter the field of law. Rather, it was a choice for each of them. “I only introduced them to the new opportunities awaiting Saudi female lawyers in the sector.”

Family or not, Al-Saleh said that it is business as usual, and that every member of their legal team takes their duties seriously by upholding a professional manner inside the workplace, discussing and analyzing cases, and expressing professional opinions regarding each case they receive.

Complacency, laxity or delay is unacceptable, Al-Saleh added, noting that family bonds should not interfere in the work process to ensure a healthy system.

He said that a common sentiment in the legal community is that a law firm will die with its owner. “But I wanted to change the accepted model, and I tried my best to have my children lead this law firm after me, and maintain its momentum and ensure longevity.

“Being from one family will give them the chance to learn from each other and deal with the issues more professionally.”

As a veteran lawyer, Al-Saleh said he is mostly interested in personal interviews when young men and women apply for work or training at his law firm, adding that a personal touch is important to the formation of a lawyer’s approach.

He said that female lawyers must be attentive, able to present a clear case and communicate information without ambiguity. They will face judges and members of the trial committee and disciplinary bodies — some of whom will be tough. “She must be strong, firm, voice loud and clear and make her case without hesitation.”

Al-Saleh said that he retired after 22 years of service following several positions in the Public Prosecution, and after his young children began to show interest in the legal profession.

First-generation lawyers carry a lot of weight on their shoulders, he said, adding that he “feels a sense of pride” as his children follow his path and pave their own way into the world of law.

 


GCC Standardization Organization celebrates consumer protection day

GCC Standardization Organization celebrates consumer protection day
The GSO attached great importance to consumer protection in the GCC countries. (Photo/Twitter)
Updated 58 min 31 sec ago

GCC Standardization Organization celebrates consumer protection day

GCC Standardization Organization celebrates consumer protection day
  • The celebration aims to highlight the importance of consumer safety, strengthen the role of authorities in raising awareness, promote a culture of standardization among consumers, and develop legislation

RIYADH: The Gulf Cooperation Council (GCC) Standardization Organization (GSO) is joining national consumer protection bodies and authorities to celebrate “Gulf Consumer Protection Day.”

Celebrated on March 1 every year, GSO Secretary-General Saud bin Nasser Al-Khusaibi stressed the vital role that standardization bodies and their activities play in ensuring consumer safety, which improves the quality of living and welfare of society.

A total of 23,500 GCC standards and technical regulations cover commodities and products.

The celebration aims to highlight the importance of consumer safety, strengthen the role of authorities in raising awareness, promote a culture of standardization among consumers, and develop legislation, regulations and technical procedures that protect people from fraud and commercial misinformation. This ensures that consumers have access to quality products and full information to make the right decisions about the goods and services available on the market.

The GSO, Al-Khusaibi said, contributes to educating consumers about the damage that results from using materials and products that do not conform to standard specifications.

Al-Khusaibi said that the GSO attached great importance to consumer protection in the GCC countries. This was reflected in the preparation and development of GCC standard specifications and technical regulations for commodities, products and systems, and relevant legislation in cooperation with the national standardization bodies in the member states.

The goal is to serve the needs of the trade and industry sectors in GCC countries, in addition to serving consumers by ensuring quality and safety requirements.

Celebrating Gulf Consumer Protection Day is at the recommendation of the Consumer Protection Committee of the GCC General Secretariat. The occasion was approved by the GCC Trade Cooperation Committee in its 32nd meeting in 2005 and celebrated for the first time on March 1, 2006, under the slogan “Consumer protection is everyone’s responsibility.”

 


Who’s Who: Nabil Khojah, secretary-general of the Economic Cities and Special Zones Authority

Who’s Who: Nabil Khojah, secretary-general of the Economic Cities and Special Zones Authority
Updated 28 February 2021

Who’s Who: Nabil Khojah, secretary-general of the Economic Cities and Special Zones Authority

Who’s Who: Nabil Khojah, secretary-general of the Economic Cities and Special Zones Authority

A royal order has recently approved Nabil Khojah as the secretary-general of the Economic Cities and Special Zones Authority.

Khojah received a bachelor’s degree in management information systems from the College of Industrial Management of King Fahd University of Petroleum and Minerals in 1996.

Nearly three years ago, he attended a leadership program designed for senior executives, Harvard Business School (HBS).

Khojah, who has served as CEO of Mosanada Logistics Services since 2019, brings extensive experience in the logistics industry to his role.

For four years beginning in 2008, he worked as the managing director at Exel, a joint venture business between DHL and Al-Olayan Group, a multinational enterprise with an actively managed portfolio of global investments.

Between 2012 and 2018, he served as the chief executive officer of Saudia Cargo, one of the Middle East’s leading air cargo carrier and cargo ground handling companies. His responsibilities included reporting to the company’s board of directors and overseeing a business with an extensive global network.

He has also held leadership positions with Unilever KSA and the Royal Saudi Air Force, among others.

From 2001 to 2003, he worked for Unilever, where he occupied a series of more senior positions, including manager of business systems, manager of the supply chain and logistics department, and manager of market demand planning. For three years beginning in 2003, he served as the regional manager for logistics and imported products in Dubai.

Khojah then moved to DHL as the general manager for transport and logistics, later becoming general manager of the company at its headquarters in Saudi Arabia.


More countries condemn Houthi attacks against Saudi Arabia

More countries condemn Houthi attacks against Saudi Arabia
Updated 28 February 2021

More countries condemn Houthi attacks against Saudi Arabia

More countries condemn Houthi attacks against Saudi Arabia
  • The Houthis in Yemen launched six drones at the south of the Kingdom, all of which were shot down
  • The coalition also intercepted a ballistic missile targeting Riyadh

LONDON: Jordan, the UK, the EU and Qatar joined the widespread global condemnation of attacks by an Iran-backed militia on Saudi Arabia.
The Houthis in Yemen launched six drones at the south of the Kingdom, all of which were shot down by the Arab coalition.
The coalition also intercepted a ballistic missile targeting Riyadh.
“The UK condemns the latest Houthi missile and drone attacks targeted at Saudi Arabia and Marib,” foreign minister Dominic Raab said. “These put innocent lives at risk, and show that those responsible are not serious about peace, let alone protecting the Yemeni people.”


Jordan also condemned the “continued targeting of cities in Saudi Arabia” by the Houthis.
Jordan “condemns these cowardly terrorist acts and the targeting of innocent civilians which constitute a flagrant violation of international humanitarian law,” a foreign ministry statement said.
The statement said that Jordan stands with the Kingdom in the face of anything that “threatens its safety or the safety of the Saudi people.”
Qatar strongly condemned the Houthi ballistic missile attack that targeted Riyadh and said it was “a dangerous act against civilians which contravenes all international norms and laws.”
In a statement, Qatar’s foreign ministry reiterated the state’s firm position on rejecting violence, criminal and subversive acts regardless of the motives behind them.


The EU’s ambassador to Saudi Arabia, Bahrain and Oman also condemned the attacks against the Kingdom.
“Such attacks which are endangering civilians, increasing regional instability and delaying the prospect of a solution to the Yemen conflict must stop,” Patrick Simonnet said.