saudi investment co

$1.4 Billion in New Investment to Create 2,000 Saudi Jobs

General Electric announced a over $1.4 billion in investment in Saudi Arabia as part of the ambitions Saudi Vision 2030 plan. The Saudi Arabian Industrial Investments Co. will implement $1 billion worth of projects.  SAIIC was formed in 2014 by royal order to boost the country’s manufacturing industry. Another $400 million would go toward building a forging and casting manufacturing facility for the marine and energy industry in the kingdom, with hopes of it being operations by 2020 and providing over 2,000 jobs. GE Chief Executive Officer Jeffrey Immelt praised the investment. “Together, we will create quality jobs for Saudi youth, … boost exports, enhance

Ambassador Abdullah

Embassy Hosts Dinner for Participants in WSJ Middle Market Summit

The Commercial Office at the Royal Embassy of Saudi Arabia, in coordination with the US Chamber of Commerce, hosted a dinner on May 23 for 35 companies participating in The Wall Street Journal Middle Market Summit. Speakers included Saudi Ambassador to the U.S. Abdullah Al-Saud, Commercial Attaché Eng. Taha Alshareef and President and CEO of the US Chamber of Commerce Tom Donohue. Participants discussed bilateral trade and the increased contribution of the private sector in the Saudi economy as planned in Saudi Vision 2030. The Middle Market Summit was held in Washington, DC on May 24. More information about the

ambassadeur d'Arabie saoudite

Riyadh to build more parks

In a major move to promote public health by providing easy access to parks and recreation, Riyadh Gov. Prince Faisal bin Bandar inaugurated 10 environmental and recreational projects. Arab News reports these new projects will cover an area of more than 150,000 square meters in different districts of the Saudi capital. The plan to build 10 new parks comes in line with the directives of King Salman, who has been taking a personal interest in improving the richness, connectivity and biodiversity of Riyadh habitats. A number of projects will be rolled out through strategic programs under the Arriyadh Development Authority (ADA), the

WTTC conseil mondial du voyage et du tourisme

WTTC lauds Saudi tourism focus

The World Travel & Tourism Council (WTTC) has recognized Saudi Arabia’s efforts to make tourism a key sector in diversifying the Kingdom’s economy. Saudi Gazette reports that the WTTC’s President and CEO David Scowsill said WTTC has been emphasizing the importance of Travel & Tourism as an alternative income stream to oil exporting countries over the last months. WTTC has encouraged the Saudi government to adopt visa policies that welcome all travelers for business and leisure purposes. Scowsill said it is important to emphasize private and public sector cooperation as Prince Sultan bin Salman bin Abdulaziz Al-Saud, chairman and president of Saudi Commission for Tourism

MOON TOWNSHIP, PA - OCTOBER 21:  Republican presidential nominee John McCain holds a campaign rally at the Sewall Center at Robert Morris University October 20, 2008 in Moon Township, Pennsylvania. With two weeks left before the November 4 election, McCain is scheduled to campaign in Pennsylvania, New Hampshire and Ohio over the next three days.  (Photo by Chip Somodevilla/Getty Images)

Sen. McCain: Yemen Would Have Been Far Worse Without Saudi Intervention

Chairman of the Senate Armed Services Committee John McCain said Yemen would have faced a much worse fate had Saudi Arabia not intervened. McCain’s statements were made following a meeting with the Saudi Deputy Chairman of the Shura Council Dr. Mohammed Al-Jafari, who is heading the delegation visiting the U.S. The delegation met with the Senator on Monday. Asharq Al-Awsat reports that McCain lauded the Saudi efforts to back the course of constitutional legitimacy in Yemen, and protect Yemenis from the Houthi militia. McCain said Saudi Arabia is a main factor playing in the war against terrorism. Dr. Al-Jafari emphasized that the Saudi-led coalition’s efforts in Yemen

saoudienne co-présidente de l'ONU

Saudi woman named co-chair of UN climate body

This week, Saudi diplomat Sarah Baashan and New Zealand’s former climate ambassador Jo Tyndall were named co-chairs of the UN global climate talks. The six most influential positions within the UN are now all held by women, reports Climate Change News. Outgoing UN climate chief Christiana Figueres said it is unsurprising that two women will take action forward, and said it is wonderful to see two new voices and inspirations to support work. Figueres said the presence of a Saudi at the top table points to a desire of the Kingdom to take a “constructive approach” to climate change. Read more at Climate Change News

Saudi Arabia donated $115 billion to help 90 countries

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Permanent representative of Saudi Arabia to the United Nations Faisal bin Hassan Trad said the Kingdom has been the most generous country in the world in the field of development and humanitarian aid over the past four decades.

During a symposium at the Geneva Press Club, Ambassador Trad said Saudi Arabia donated more than $115 billion to more than 90 countries all over the world, reports Arab News. The symposium was managed by the Swiss Foreign Ministry, and was attended by officials from King Salman Humanitarian and Relief Center, the World Heath Organization, UNICEF’s Office of Emergency Programs, and UNHCR’s MENA operations.

The ambassador gave a detailed briefing on the vision, goals and the nature of work of the center, and said the Kingdom is a leader in the application of humanitarian values and principles in relief and support. The Ambassador said the King Salman Humanitarian and Relief Center was established from the good and tolerant values of Islam.

Ambassador Trad said that Saudi Arabia was the only country that responded to the humanitarian assistance appeal launched by the UN to help Yemen by extending a donation of $274 million.

Read more at Arab News