Mexico eyes Gulf investment funds

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Updated 19 January 2016

Mexico eyes Gulf investment funds

RIYADH: Custodian of the Two Holy Mosques King Salman was conferred on Sunday the highest Mexican honor for his contributions to promote bilateral relations and for his “distinguished services to mankind in general.” 
 
The Order of the Aztec Eagle was presented to the king by Mexican President Enrique Pena Nieto at Al-Yamamah Palace.
“The Aztec Eagle (collar) is the highest Mexican recognition presented to non-Mexican heads of state for their services to Mexico and for rendering services to humanity,” said Mexican Ambassador Arturo Trejo. King Salman, on his part, reciprocated the gesture and presented the coveted King Abdulaziz Medal to Nieto at the palace ceremony. 
According to the citation, King Salman received the order for his important contributions and dedication in promoting understanding, friendship, peace and for rendering services to mankind. The Aztec Eagle (collar) is made up of 30 pieces of gold-plated silver and decorated with the Mexico City Aztec emblem. 
The talks between the two leaders were followed by the signing of nine agreements as announced earlier, said Trejo. “Both the king and Nieto witnessed the signing.” 
Trejo added that the two leaders discussed a range of bilateral and international issues besides ways and means to expand economic cooperation, investment in new sectors and strengthening the political dialogue. King Salman was also invited by the Mexican president to visit Mexico.
Mexican Energy Minister Pedro Joaquin Coldwell said Mexico was particularly interested in the Gulf states’ large investment funds, “which represent an opportunity for Mexico to capture investment.” 
Mexico is keen to attract investment to its oil sector after Nieto undertook reforms that ended state-run firm Pemex’s 77-year monopoly. 
Accompanied by his wife, Angelica Rivera de Pena, Nieto attended a lunch banquet hosted by the king in his honor. 
Nieto also participated in a joint business forum at the Council of Saudi Chambers. Later, Nieto left for Abu Dhabi, where he will deliver a keynote speech at the World Future Energy Summit.
Over 50 deals will be signed during Nieto’s six-day Middle East tour.


Riyadh Season Boulevard zone opens with spectacular parade

Updated 18 October 2019

Riyadh Season Boulevard zone opens with spectacular parade

  • The Riyadh parade is thought to be the biggest parade in Kingdom to date

RIYADH: More than 1,500 performers and 25 floats took part in a parade and carnival on Thursday night that officially launched Riyadh Season’s Boulevard zone. The crowds that gathered for the fun-packed event were also treated to motorcycle displays, fireworks and other surprises.

The Boulevard lit up at 9 p.m. for the start of the 90-minute event, which featured some of the international artists who will perform as part of Riyadh Season. Afterwards, the zone’s food and drink outlets, outdoor cinema and fountain shows officially opened.

The audience watched the parade, performances and displays from specially constructed stands. Food trucks offered a selection of tasty snacks, and organizers also provided prayer rooms, toilets, first-aid stations and other facilities.



In addition to the opening-night festivities, the Boulevard zone, which covers 400,000 square meters, will host a wide range of entertainment options and activities for all ages, including the outdoor cinema, restaurants, and sports, music and theatrical events. It has three main venues: The 22,000-seat Mohammed Abdu Theater, the 6,000-seat Abu Bakr Salem Theater, and the 2,000-seat Baker Al-Sheddi Theater.

The parade is just one of more than 100 events featuring local, regional and international performers taking place during the Riyadh Season festival, which continues until mid-December at 12 zones across the city: the Boulevard; the Front; Riyadh Car Show; Winter Wonderland; Riyadh Stadiums; the Diplomatic Quarter; Al-Muraba’a; Al-Malaz; Wadi Namar; Nabd Al-Riyadh; Riyadh Safari; and Riyadh Sahara. It has been organized with the support of Turki Al-Sheikh, chairman of the General Entertainment Authority and president of Riyadh Season.

The audience watched the parade from specially built stands. (Supplied)

 

The ambitious 2019 Saudi Seasons initiative, the first of its kind in the region, was launched in February and includes 11 local seasons covering most parts of the Kingdom. Designed to promote the fledgling Saudi entertainment sector and boost tourism, it is attracting some of the biggest names in world entertainment.

The Riyadh parade is thought to be the biggest parade in Kingdom to date. It follows a folklore parade at the Mawtni (My Nation) cultural event in Yanbu to mark Saudi National Day this year, and a parade during the Jeddah Season festivities in the city’s Obhur district.