‘All eyes on the Kingdom’ as Saudi Arabia takes helm of G20

Japan’s Foreign Minister Toshimitsu Motegi (R) shakes hands with Saudi Foreign Minister Prince Faisal bin Farhan to mark the handover to Saudi Arabia as future hosts, at the end of the third plenary session of the G20 foreign ministers’ meeting in Nagoya on Nov. 23, 2019. (AFP file photo)
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Updated 01 January 2020

‘All eyes on the Kingdom’ as Saudi Arabia takes helm of G20

  • KSA leads world’s most powerful group
  • The Kingdom takes over the role from Japan

RIYADH: Saudi Arabia on Sunday assumed the presidency of the G20, the world’s most economically powerful group of nations.

The Kingdom takes over the role from Japan, and will direct the G20’s work for the next year. As chairman, King Salman will host the group’s 2020 summit in Riyadh over two days next November.

The Saudi presidency will focus on three aims: Empowering people, by creating the conditions in which everyone — especially women and young people— can live, work and thrive; safeguarding the planet, by fostering collective efforts on food and water security, climate, energy, and the environment; and long-term strategies to share the benefits of innovation and technological advancement.

“The Saudi G20 presidency is committed to continuing the work from Osaka and promoting multilateral consensus,” said Crown Prince Mohammed bin Salman.

“Working with our G20 partners, we will strive to deliver concrete actions and realize opportunities to enable us to face the challenges of the future.

“In hosting the G20, the Kingdom will have an important role to play by sharing the perspective of the Middle East and North Africa region. We believe this will be a unique opportunity to shape consensus on international issues as we welcome the world to the Kingdom.”

HIGHLIGHTS

Saudi Arabia will guide work of the G20 under the theme “Realizing opportunities of the 21st century for all” and will focus on three aims:

• Empowering people

• Safeguarding the planet

• Shaping new frontiers

For the next year, “all eyes will be on Saudi Arabia,” political analyst Dr. Hamdan Al-Shehri told Arab News.

“We know Saudi Arabia’s strength is both economic and diplomatic, and this will be the time to showcase it to the world,” he said.

Other countries realized that Saudi Arabia’s strength lay in oil, but it was charting a different course through Vision 2030 with a future focused on the non-oil economy, Al-Shehri said.

He pointed out the strategic significance of Saudi Arabia’s location, connecting three continents and linked to crucial maritime straits at Bab Al-Mandab, Hormuz and the Suez Canal. These shipping lanes were vital for international trade, Al-Shehri said, and Saudi Arabia protected them not just for itself and the region, but the whole world.

The G20 presidency was “a chance for the world to see the significance of our country and what it has to offer. It is a lively nation,” he said.


TheFace: Deema Al-Jaafari, Saudi entrepreneur

Updated 24 January 2020

TheFace: Deema Al-Jaafari, Saudi entrepreneur

  • I truly believe that if you set limits to your abilities you will never be able to exceed them
  • I founded Teak Woodwork in Alkhobar which has extended its services to cities including Jeddah and Riyadh

For nine years, I was the only child in my family. My father was a very independent, strong character and I learned a lot from him.

Having started from zero, he taught me to work hard, seek perfection and always believe that anything was possible if you set your mind to it. 

My mother was very easy going and encouraging. She really believed in me and was always supportive. There was a balance at home for me with these two different characters.

Some people might think that being an only child for quite some time, I was spoiled and dependent. But that was never the case and I have an amazing relationship with my little sister Maha; she is my best friend.

My father works in pharmaceuticals and is chairman of the board of directors at Al-Dawaa Medical Services.

My mother was a schoolteacher before entering the world of business, and my sister is a chemical engineer. Though we are a very diverse family, we all have an appreciation for art which is evident in our household. My mother is an artist and art collector too.

I do not have a role model; there are many people I look up to in the business world and in my social life. 

I studied software engineering and worked in that field for almost a year, but although I learnt a lot I wanted more from my career. Software engineering made me think and solve problems in a different way and it played a major role in how I operate in the field of business.

I worked at Al-Dawaa for almost two years and found that I was more attracted to business and marketing than the technical side of things. That is when I decided to take on the family business, Waleed Al-Jaafari Establishment.

I run PIECES, a retail store I founded in Alkhobar in 2012 and later opened a branch in Riyadh in 2014. Now, we are working to make it an online business too.

I noticed that there was a demand in the Kingdom for custom-made furniture, and although some stores offered the service there was little choice. So, I decided to provide high-quality furniture made in Saudi Arabia.

In 2015 I founded Teak Woodwork in Alkhobar which has extended its services to cities including Jeddah and Riyadh. My father has other branches dealing with different fields, but I opted to run the retail store and woodwork services. 

I truly believe that if you set limits to your abilities you will never be able to exceed them. Once you realize that there are no limits, all doors will open for you.