US-Saudi Business Council invites American delegation on business-development mission to Kingdom

US-Saudi Business Council invites American delegation on business-development mission to Kingdom
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Updated 18 May 2023
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US-Saudi Business Council invites American delegation on business-development mission to Kingdom

US-Saudi Business Council invites American delegation on business-development mission to Kingdom
  • The delegates will attend the 5th Future Projects Forum in Riyadh next week and meet representatives of US companies doing business in Saudi Arabia
  • ‘Saudi Arabia, the fastest-growing G20 economy in 2022 and the world’s sixth-most competitive nation, has project opportunities estimated at over $1 trillion,’ the council said

RIYADH: The US-Saudi Business Council has invited an American delegation to visit the Kingdom as part of a business-development mission designed to enhance investment and trade partnerships.

The delegates will attend the fifth annual Future Projects Forum, which will take place on May 22 and 23 at the Four Seasons Hotel in Riyadh, and meet members of the Chamber of Commerce, the Saudi Press Agency reported on Wednesday.

They will also meet members of the business council and representatives of US companies already doing business in Saudi Arabia, to help build relationships and facilitate dialogue between business communities in the two countries.

Susanne Lendman, executive director and interim president and CEO of the US-Saudi Business Council, said the delegation includes representatives of seven American companies, some of which are newcomers to the Saudi market interested in providing products and services that meet the needs of the growing construction sector in the Kingdom. These needs include building materials, architectural services, maritime security solutions, food- and beverage-processing equipment, artificial intelligence, and engineering and consulting services for the construction and energy sectors, she added.

“Organized by the Saudi Contractors Authority, the Future Projects Forum gathers contractors, public- and private-sector owners to learn about future projects presented in detail by Saudi government and private entities. Previous (forums) showcased 9,450 projects valued at $704 billion,” the business council said, as it described the Kingdom as one of the world’s largest construction markets.

“Saudi Arabia, the fastest-growing G20 economy in 2022 and the world’s sixth-most competitive nation, has project opportunities estimated at over $1 trillion in sectors such as infrastructure, real estate, tourism, leisure, transportation, health care, energy and utilities,” it added.

“Saudi Arabia’s newly launched Circular Carbon Economy National Program and the Saudi Green Initiative to achieve net-zero emissions by 2060 will provide opportunities for renewable technologies and products to improve energy efficiency.”


Saudi cultural center to launch reading, anti-desertification project

Saudi cultural center to launch reading, anti-desertification project
Updated 28 February 2024
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Saudi cultural center to launch reading, anti-desertification project

Saudi cultural center to launch reading, anti-desertification project
  • Ithra in Dhahran hosts event which includes Alexandria and Rabat
  • Goal is to read 500,000 pages and plant 5,000 trees in 3 Arab cities

RIYADH: Saudi Arabia’s King Abdulaziz Center for World Culture launches Thursday a three-day reading marathon and anti-desertification project, that will take place in three Arab cities.

Also known as Ithra, the center will host the event in cooperation with the Library of Alexandria and the Moroccan National Library. It will be held simultaneously in the Kingdom’s city of Dhahran, Alexandria in Egypt and Rabat in Morocco, the Saudi Press Agency reported on Tuesday.

The center is promoting reading, especially in public libraries, and all three cities will ensure a tree is planted for every 100 pages read.

The aim is to have participants read 500,000 pages and plant 5,000 trees.

To plant the trees, the Ithra center is working with the National Center for Vegetation Development to Combat Desertification in Saudi Arabia, and authorities in Egypt and Morocco.

Each reader will receive a commemorative medal for participating.

Bronze medals will be awarded to those who read 100 pages, silver for 200 pages, and gold for 1,000 pages.

The first edition of the marathon was held inside the Ithra library, achieving 162,000 pages read and 1,622 trees planted. The second edition was also held in the Ithra library and two libraries in Riyadh and Tabuk, with 422,000 pages read and 4,222 trees planted.

The planting of seedlings took place in October in the Al-Ahsa National Park with the participation of several readers.


Saudi crown prince meets with Ukraine president in Riyadh

Saudi crown prince meets with Ukraine president in Riyadh
Updated 28 February 2024
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Saudi crown prince meets with Ukraine president in Riyadh

Saudi crown prince meets with Ukraine president in Riyadh
  • Saudi-Ukrainian relations, latest developments in Ukrainian-Russian war were discussed
  • Crown prince stressed Kingdom’s support for all international efforts aimed at resolving crisis

RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman met with the President of Ukraine Volodymyr Zelensky in Riyadh on Tuesday.

During their meeting, aspects of Saudi-Ukrainian relations were reviewed, and the latest developments in the Ukrainian-Russian war were discussed, Saudi Press Agency reported. 

The crown prince stressed the Kingdom’s support for all international endeavors and efforts aimed at resolving the crisis and achieving peace, and continuing efforts to alleviate the humanitarian repercussions of the war. 

Zelensky wrote on social media platform X that he would discuss prisoners of war and deportees with the crown prince.

“The Kingdom’s leadership has already contributed to the release of our people. I am confident that this meeting will also yield results,” he wrote. 

The crown prince was involved in securing the release of 10 foreign prisoners captured in Ukraine in September 2022 which then enabled a major prisoner swap between Russia and Ukraine.

The president added that he will discuss “promising areas of economic cooperation and Saudi Arabia’s involvement in Ukraine’s reconstruction” during his visit. 

Zelensky left Riyadh later on Tuesday evening and was seen off by deputy govenor of Riyadh Prince Mohammed bin Abdulrahman bin Abdulaziz.


Saudi, Qatari communications ministers discuss joint initiatives to support growth of digital economy

Saudi, Qatari communications ministers discuss joint initiatives to support growth of digital economy
Updated 28 February 2024
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Saudi, Qatari communications ministers discuss joint initiatives to support growth of digital economy

Saudi, Qatari communications ministers discuss joint initiatives to support growth of digital economy
  • The parties discussed ways to expand the strategic partnership between the countries in digital government

RIYADH: Saudi Arabia’s Minister of Communications and Information Technology Abdullah Alswaha on Tuesday met his Qatari counterpart Mohammed Al-Mannai in Doha, the Saudi Press Agency reported.

The parties discussed ways to expand the strategic partnership between the countries in digital government and the digital economy, and techniques to enhance the innovation and entrepreneurship system.

“This is in line with the aspirations of the Saudi-Qatari Coordination Council to support and strengthen the partnership between the two brotherly countries,” the SPA’s statement said.

The meeting was attended by several leaders of national technology companies in the fields of business, digital transformation, and digital health solutions, along with other representatives from both parties.


Saudi Cabinet approves new railway law

Saudi Cabinet approves new railway law
Updated 28 February 2024
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Saudi Cabinet approves new railway law

Saudi Cabinet approves new railway law

RIYADH: Saudi Arabia’s Cabinet approved on Tuesday new regulations that govern the railways in the Kingdom.

The decision “supports achieving the goals of the National Transport & Logistics Strategy, and contributes to the governance of the railway sector and regulates the relationship between the infrastructure owner, the operator and the beneficiary,” Minister of Transport and Logistic Services Saleh Al-Jasser said.

The new regulations will ensure that railway services providers continue to apply the highest standards and requirements for safety and quality, and will develop policies and legislation that ensure fair competitiveness, the minister added.

In 2023, the number of railways passengers exceeded 11.2 million, a 55% increase compared to 2022. Trains also transported 24.7 million tons of goods and minerals, an increase of 6% during the same year.

Al-Jasser stated that regulations will contribute to encouraging use and ensure the protection of railways, their infrastructure, and facilities in accordance with internationally approved standards. 

The new law also specified penalties to protect railway tracks from violations and damage to the network.

The minister thanked King Salman and Crown Prince Mohammed bin Salman for approving the new law.


Saudi Cabinet calls for an end to escalation of military operations in Gaza

Saudi Arabia’s Cabinet held a meeting in Riyadh on Tuesday. (SPA)
Saudi Arabia’s Cabinet held a meeting in Riyadh on Tuesday. (SPA)
Updated 27 February 2024
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Saudi Cabinet calls for an end to escalation of military operations in Gaza

Saudi Arabia’s Cabinet held a meeting in Riyadh on Tuesday. (SPA)

RIYADH: Saudi Arabia’s Cabinet called for an end to the escalation in military operations in Gaza and the dire humanitarian crisis that it is causing, Saudi Press Agency reported on Tuesday.

The Cabinet also reviewed the outcomes of the Kingdom’s participation in a two-day meeting of G20 foreign ministers in Rio de Janeiro and its vision regarding the group’s role in dealing with existing international tensions and restructuring global governance.

The Cabinet also reiterated the Kingdom’s support for regional and international efforts to ban all types of weapons of mass destruction as was expressed during its participation in the UN Conference on Disarmament in Geneva.

The Cabinet also praised the outcomes of a recent Arab Interior Ministers’ Council held in Tunisia and stressed the Kingdom’s constant keenness to support and enhance joint Arab action in all fields in a way that contributes to establishing the foundations of security, stability, and prosperity in the region.