Asia House dialogue in Riyadh explores future of trade

The conference — held as part of the Asia House Middle East Program — will convene leading decision-makers from business and government to explore the shifts taking place in world trade.
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Updated 15 February 2020

Asia House dialogue in Riyadh explores future of trade

Riyadh will be the location of a major global conference on Feb. 25 when the Asia House Middle East Trade Dialogue convenes in the city. 

Taking place in the year that Saudi Arabia hosts the G20, the dialogue will look ahead to the Kingdom’s key priorities for 2020, with sustainability, renewable energies and the role of women in the economy on the agenda. Wider developments and key trends in world trade will also be explored by leading business and policy figures.

Lubna Olayan, chair, Saudi British Bank (SABB), will give the keynote speech at the forum, organized by Asia House — a London-based center of expertise on trade and investment in Asia.

Other speakers include Simon Penney, Middle East trade commissioner for the UK government; David Dew, managing director, SABB; Alain Bejjani, chief executive, Majid Al-Futtaim Holding; Sylvain Cote, senior economist, Saudi Aramco; Frank Kane, senior business columnist, Arab News; and Victor Gao, vice president, Center for China and Globalization.

Lord Green, chairman of Asia House and former UK trade minister, said: “The Middle East remains an extremely important region for global trade, especially as the Gulf broadens its relationships with Asian markets. Just last year, more than 1,000 international companies set up new operations in Saudi Arabia, highlighting business interest in the Kingdom.

“With Saudi Arabia hosting the G20 this year, we believe it is an important time to bring our trade dialogue to Riyadh to explore the economic shifts taking place in the region and beyond. We are particularly honored to be welcoming Lubna Olayan to share her unique insights with our audience of senior business and investment figures.” 

SABB will be sponsoring the event, as well taking the stage to debate opportunities between Asia and the Kingdom.

Olayan said: “Trade has historically always been important to the development of the Kingdom, and that is equally true today as the Far East and the Middle East are once again becoming increasingly connected and we begin a year in which Saudi Arabia leads the G20, with deliberations around trade and investment being a major focus of the B20.” 

She added: “It is truly an exciting time, so we are pleased to be jointly hosting this important event to explore opportunities for enhancing and facilitating growing trade links between the Far East and the Middle East.”

The conference is held with the support of the Saudi Arabian General Investment Authority (SAGIA) and is convened as part of the Asia House Middle East Program. Arab News is the Strategic Media Partner for the dialogue.

Hyundai donates 24 vehicles to Saudi Red Crescent

Updated 20 October 2020

Hyundai donates 24 vehicles to Saudi Red Crescent

Hyundai Motor Company is supporting the Saudi Red Crescent Authority’s (SRCA) ongoing efforts to combat the COVID-19 pandemic by contributing 20 fully equipped ambulances and four support vehicles of the Hyundai H-1 model. The automaker aims to assist the frontline workers and public during these unprecedented times by offering the H-1 ambulances to seamlessly transport the health care professionals, the elderly and others.

The contribution is part of Hyundai’s commitment to giving back to the community and supporting the SRCA’s remarkable work in addressing the spread of the coronavirus in Saudi Arabia.

Hyundai is working hand-in-hand with its authorized distributors in the Kingdom — Al-Wallan Trading Company, Mohamed Yousuf Naghi Motors Company and Almajdouie Motors — to align its efforts with the government’s directives to deal with the situation.

Hyundai’s distributors will work closely with the official authorities in Saudi Arabia to deliver the vehicles directly to the SRCA.

Bang Sun Jeong, vice president and head of Middle East and Africa operations at Hyundai, said: “Caring for humanity has always been at the heart of Hyundai’s vision. We did not hesitate in taking this initiative with Hyundai distributors in the Kingdom during these challenging times, and we are proud of their association with the Saudi Red Crescent Authority in the fight against this pandemic.

“This contribution is another step in the direction of making a positive difference in the Saudi community and we believe by strengthening the relationships between the private and public sectors, it will benefit the Saudi Red Crescent Authority and help support members of the community across the Kingdom.”

He added: “We sincerely hope our efforts contribute toward making a difference in this fight, and we believe if we stay together, we can overcome anything. We hope this pandemic can soon come to an end and we can help people get back to their daily lives.”

Established in 1967, Hyundai Motor Company offers a range of vehicles and mobility services in more than 200 countries. Hyundai Motor sold more than 4.4 million vehicles globally in 2019, and currently employs some 120,000 personnel worldwide. The company is enhancing its product lineup with vehicles designed to help usher in a more sustainable future, while offering innovative solutions to real-world mobility challenges.