Saudi industry minister meets UK mining companies, investors

Saudi industry minister meets UK mining companies, investors
Saudi Arabia has been working to amend the mining sector regulations and legislation to provide a clear environment for investors in this sector. (Archives)
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Updated 25 June 2022

Saudi industry minister meets UK mining companies, investors

Saudi industry minister meets UK mining companies, investors
  • Bandar Ibrahim Alkhorayef on official visit to Britain to highlight opportunities
  • Kingdom’s mineral wealth estimated at $1.3 trillion, including phosphates, gold, copper, zinc

LONDON: The Saudi Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef has held a meeting with mining companies and investors in Britain, the Saudi Press Agency reported.

He highlighted investment opportunities in the Kingdom’s mining and industrial sectors during his official visit to the UK, which was organized by his ministry under the theme “Invest in Saudi Arabia.”

Alkhorayef and his team reviewed the most important elements that attract exploration and mining in the Kingdom. Several British mining companies outlined their successes in investing in Saudi Arabia. 

The ministry detailed the huge potential and strong infrastructure that make the Kingdom one of the best investment environments in the global mining sector.

The ministry’s delegation also invited attendees to the international mining conference that Saudi Arabia holds annually in Riyadh.

Throughout his visit, Alkhorayef stressed the Kingdom’s great interest in enhancing investments as it aims to exploit mineral wealth estimated at $1.3 trillion.

This sum includes stores of phosphates that are valued at $321 billion, gold at $229 billion, copper at $222 billion and zinc at $138 billion.


Arab, Muslim leaders congratulate Crown Prince Mohammed bin Salman on his appointment as prime minister

Arab, Muslim leaders congratulate Crown Prince Mohammed bin Salman on his appointment as prime minister
Updated 12 sec ago

Arab, Muslim leaders congratulate Crown Prince Mohammed bin Salman on his appointment as prime minister

Arab, Muslim leaders congratulate Crown Prince Mohammed bin Salman on his appointment as prime minister
  • Leaders wish Saudi crown prince success and hope that relations between their countries will continue to grow under his leadership

LONDON: Arab and Muslim leaders have congratulated Crown Prince Mohammed bin Salman following his appointment as Saudi Arabia’s prime minister on Tuesday, Saudi Press Agency reported.  

UAE President Sheikh Mohammed bin Zayed Al-Nahyan and Vice President Sheikh Mohammed bin Rashid Al-Maktoum congratulated the crown prince on his appointment.

Qatar’s Emir Sheikh Tamim bin Hamad Al-Thani wished the crown prince success and hoped the relations between the two brotherly countries will continue to develop and grow. 

Bahrain’s King Hamad bin Isa Al-Khalifa also sent a similar cable. 

Pakistan’s Prime Minister Shehbaz Sharif said: “On this occasion, I congratulate His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud, wishing him further success and the Kingdom of Saudi Arabia further welfare and prosperity under the leadership of King Salman bin Abdulaziz Al-Saud.”


Saudi tourism gets chance to bloom in UN challenge

Saudi tourism gets chance to bloom in UN challenge
Updated 28 September 2022

Saudi tourism gets chance to bloom in UN challenge

Saudi tourism gets chance to bloom in UN challenge
  • The UNWTO’s Natalia Bayona said that Saudi Arabia is a “priority because of how the country is committed to creating tourism as a public policy and as an economic sector” 
  • Bayona added that goals in the country’s Vision 2030 for “youth empowerment, women’s empowerment, sustainability, and tourism” are central to the UNWTO’s mission

RIYADH: Saudi Arabia’s blossoming tourism industry is being offered the chance to grow even faster through a UN challenge that helps nurture the best businesses.

Natalia Bayona of the UN World Tourism Organization has said she wants Saudi entrepreneurs to enter her agency’s Awake Tourism Challenge, whose previous winners have gained international experience and expert advice, and raised $350 million of investment over the four years it has run.

Bayona, the agency’s director of innovation, education and investments, told Arab News that Saudi Arabia is a “priority because of how the country is committed to creating tourism as a public policy and as an economic sector.” 

She added that goals in the country’s Vision 2030 for “youth empowerment, women’s empowerment, sustainability, and tourism” are central to the UNWTO’s mission.

“We’d like to give visibility and promote Saudi Arabia as a country making a strong effort in the tourism sector,” she said.

The challenge is a perfect opportunity to identify Saudi-based entrepreneurs trying to solve challenges they face in the sector, Bayona added.

Entrants are judged in one or more categories, including local community involvement, environmental work, good use of technology, employee development and the empowerment of women in business.

Bayona said the UNWTO is pushing for enterprises to employ locally to help develop rural economies.

“Eighty percent of people living in extreme poverty live in rural areas. Tourism can be part of the way rural areas can be developed,” she said.

Bayona added that women’s empowerment is important “because they have the lowest salaries, the lowest-status jobs. Nonetheless, tourism is the sector that hires the most women worldwide.”

She said the basing of her agency’s regional office in Saudi Arabia shows how seriously it takes the country’s efforts to expand tourism.

The UNWTO’s partners include tourism bodies from more than 160 countries, 100 universities, more than 400 investors and around 500 corporations.

The Awake Tourism Challenge has helped winners raise more than $350 million and helped create more than 100 pilot projects. The deadline to enter this year’s initiative is Oct. 15.


Saudi authorities seize 765,000 amphetamine tablets hidden in watermelons

Saudi authorities seize 765,000 amphetamine tablets hidden in watermelons
Updated 28 September 2022

Saudi authorities seize 765,000 amphetamine tablets hidden in watermelons

Saudi authorities seize 765,000 amphetamine tablets hidden in watermelons

RIYADH: Saudi authorities have seized 765,000 amphetamine tablets hidden in a watermelon shipment in Riyadh.
Five people – two citizens and three Syrians – were arrested in the security operation and have been referred to relevant authorities for further action, the Saudi Press Agency (SPA) reported.
Saudi Arabia has intensified its crackdown on drug smuggling networks.
Recently, authorities carried out a major security operation to thwart the smuggling of about 47 million amphetamine tablets, with a street value of up to $1 billion, in what was described as the Kingdom’s biggest drug bust ever.


Saudi Crown Prince receives written message from Sweden’s prime minister

Saudi Crown Prince receives written message from Sweden’s prime minister
Updated 28 September 2022

Saudi Crown Prince receives written message from Sweden’s prime minister

Saudi Crown Prince receives written message from Sweden’s prime minister
  • Walid bin Abdulkarim Al-Khuraiji, Vice Minister of Foreign Affairs, received the message from the Ambassador of Sweden to Saudi Arabia

RIYADH: Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister of Saudi Arabia, received a written message on Wednesday from Magdalena Andersson, Sweden’s Prime Minister.
In the letter, Andersson expressed her appreciation for the Crown Prince’s role in ‘mediating the exchange of prisoners in the Russian-Ukrainian crisis’, according to Saudi Arabia’s state news agency SPA.
She added that Prince Mohammed bin Salman’s efforts reflected ‘keenness to support all international efforts aimed at resolving the crisis politically and mitigating its impacts’.
Walid bin Abdulkarim Al-Khuraiji, Vice Minister of Foreign Affairs, received the message from the Ambassador of Sweden to Saudi Arabia, Petra Menander, who delivered it at the Ministry's headquarters.
The pair reviewed bilateral ties between the two nations during their meeting, and exchanged viewpoints regarding issues of common interest.


Saudi police bust four-member gang dealing in counterfeit money

Saudi police bust four-member gang dealing in counterfeit money
Updated 28 September 2022

Saudi police bust four-member gang dealing in counterfeit money

Saudi police bust four-member gang dealing in counterfeit money

RIYADH: Saudi police arrested four citizens for counterfeiting banknotes in Riyadh, Saudi Press Agency reported.
The suspects used houses located east of Riyadh as their headquarters to make fake money.

At the site, police found tools for counterfeiting money, counterfeit money and a stolen vehicle.
All items were sized and the vehicle was recovered.