Duterte invites Saudi businessmen to invest in the Philippines

Philippine President Rodrigo Duterte meets Saudi Shoura Council Speaker Dr. Abdullah Al-Asheikh in Manila. (SPA)
Updated 22 August 2019

Duterte invites Saudi businessmen to invest in the Philippines

MANILA: Philippine President Rodrigo Duterte received on Tuesday the speaker of the Saudi Shoura Council, Dr. Abdullah Al-Asheikh, and his accompanying delegation.

Duterte conveyed his regards to King Salman and Crown Prince Mohammed bin Salman, underscoring strong bilateral relations.

The president thanked the Saudi government for caring for Filipino citizens residing in the Kingdom, and for ensuring the ease of their living and working there.

Duterte welcomed Saudi businessmen and investors to contribute to the development of the Philippines, and expressed his country’s readiness to motivate Filipino businessmen to contribute and participate in Saudi mining projects.

He thanked Saudi Arabia for its support to the Philippines at the UN, for voting against accusing it of human rights violations, and for supporting reconstruction projects in the city of Marawi.

Al-Asheikh conveyed greetings from the king and crown prince to Duterte, and their wishes of continued prosperity and progress to the Philippine government and people. 

Al-Asheikh thanked Duterte for his hospitality, and said his visit to the Philippines is part of the Kingdom’s keenness to consolidate relations with friendly countries, and to strengthen relations between the Shoura Council and the Philippine House of Representatives.

Al-Asheikh reiterated his government’s care for the Filipino community working in the Kingdom.

During the meeting, bilateral relations were reviewed and issues of common concern discussed.

Saudi Arabia to export electricity under ‘noble’ energy plan

Saudi Energy Minister Prince Abdul Aziz bin Salman, 2nd left, Khaldoon Al-Mubarak, CEO of Mubadala, 2nd right, Total’s Patrick Pouyanne, and moderator Bassem Awadallah, left, at the Misk Global Forum in Riyadh. (AN photo/Ziyad Al-Arfaj)
Updated 13 November 2019

Saudi Arabia to export electricity under ‘noble’ energy plan

  • ‘We are moving ahead with our civil nuclear program’, says energy minister

RIYADH: Saudi Energy Minister Prince Abdul Aziz bin Salman has reaffirmed the Kingdom’s commitment to diversifying its energy sources, telling the Misk Global Forum 2019 that an expanding renewable energy program will meet the country’s domestic requirements and even allow it to export electricity.
“We are moving ahead with our civil nuclear program,” the minister told the forum’s opening session.
He said the Kingdom’s renewable energy program “will get us into manufacturing and exporting electricity.”
Prince Abdul Aziz added: “We have a new program, a ‘noble’ program, to create a new way of using oil and gas that is different from the conventional ways.”
He told the forum that renewable energy will create jobs for thousands of Saudis and non-Saudis, saying that jobs for both are equally valuable.
“Non-Saudis are important. I was educated by non-Saudis. We should recognize that and not let our nationalism defeat us, and not be ungrateful to them,” he said.
The energy minister said that Crown Prince Mohammed bin Salman is providing all Saudis with equal opportunities.
“We know that our women now are enabled, they have an education program,” he said. “We have equal pay for both men and women.”
Prince Abdul Aziz said that social reforms in the Kingdom have turned Riyadh into a “city of joy,” where families had access to a range of entertainment options.
He urged forum participants to learn from their mistakes and never from success. “I am an embodiment of mistakes,” said the prince.
“Even princes have dreams, because they have fathers and grandfathers who had big dreams and we could never let them down,” he said.
“Education, training and resilience are important to keep up and never be broken,” he said, adding: “If I hadn’t had that self-motivation, the notion that you don’t give up, I wouldn’t be here today.


• Renewable energy will create jobs for thousands of Saudis and non-Saudis.

• ‘Noble’ program will create a new way of using oil and gas that is different from the conventional ways.

• Crown Prince Mohammed bin Salman ‘is providing all Saudis with equal opportunities.’

“I am humble enough, serious enough and Saudi enough to say that,” he said. A panelist at the forum, Patrick Pouyanne, chairman and CEO of Total, urged the younger generation not to be afraid of technology, saying that Artificial Intelligence will not take over their jobs.
“There is a beautiful challenge for making it compatible,” he said.
Fellow panelist Khaldoon Al-Mubarak, CEO of the UAE’s Mubadala Investment Co., told the audience that they represented the future.
“Our job as leaders today is to make sure that we provide you with the right opportunities, enabling the youth to succeed,” he said.
“Don’t fight technology, embrace it,” said Al-Mubarak.
In her welcome speech, Shaima Hamidaddin, Misk Global Forum’s executive manager, said that 7,000 participants had registered for the event, making it the largest ever, as well as the most diverse edition with more than 120 countries taking part.
“In every edition of the forum, we look at how to prepare for the future,” she said. “This year we are focusing on work. Everybody is touched by work in some way and that’s why we must rework our work.”