Dow Chemical

Dow Chemical First Foreign Company to Get Trading License

The Kingdom of Saudi Arabia recently granted Dow Chemical the first Saudi trading license to a foreign company during Deputy Crown Prince Mohammed bin Salman’s visit to the United States following the release of Saudi Vision 2030. The national vision plan is widely expected to revitalize the nation’s economy and transform the Kingdom’s role on the international stage. Partnership with Dow Chemical The official visiting delegation granted complete ownership rights within the Saudi trading sector to Dow Chemical. Dow maintains a significant record of investment in Saudi Arabia, where its energy production and employment of Saudi nationals have received high praise from

Massachusats Institute of Technology

MIT hosts leading Saudi minister

On Friday, June 24, the Massachusetts Institute of Technology (MIT) hosted Khalid Al-Falih, head of Saudi’s new Ministry of Energy, Industry and Mineral Resources to discuss the country’s long-term directions in economic and human development. Al-Falih is a leading Saudi minister in the implementation of Saudi Vision 2030. A group of leaders from academic and business circles in Massachusetts convened at the event, and participated in a discussion following opening remarks aby Al-Falih and MIT President L. Rafael Reif. MIT President Praises Saudi Vision In his opening comments, Reif called Al-Falih “a visionary, strategic thinker”, adding that “he is passionate

Kulturerbe

KSA to spend $1bn on cultural heritage

Under the National Transformation Plan unveiled by the Saudi Arabia this month, the Kingdom has allocated nearly $1 billion to preserve its cultural heritage. Watan Emosudah, with its low-covered alleyways thick with debris and highly grown thistles, is one of around 4,000 old villages in Asir. The project to restore it to save agricultural tradition and boost the tourism sector in Saudi Arabia is one of eight in the region backed by a local investor. In an ambitious bid to end reliance on oil, the Kingdom is investing in tourism, aiming to increase spending by Saudis at home instead of

Mohammed bin Salman

Deputy Crown Prince Puts Technology Focus on U.S Trip

Saudi Arabia’s latest efforts to develop human capital in the technology sector have been lauded by two prominent American corporations during Deputy Crown Prince Mohammed bin Salman’s official visit to the US. In meetings with Microsoft and Cisco Systems, the Deputy Crown Prince successfully produced a memorandum of understanding (MoU) with both corporations, cementing the Kingdom’s commitment to advance its telecommunications capabilities and the technological expertise of its youth by 2030. The Kingdom’s focus on youth as an engine of economic growth is reflected in its efforts to empower citizens from an early age through training programs and expanded employment opportunities. “One of

Solarenergie

Saudi Arabia Makes Global Tender for Solar Projects

Saudi Arabia’s state electricity utility Saudi Electricity Co. has issued a call for tenders for two 50 megawatt solar photovoltaic projects. The two solar farms are to be located in the northern regions of  Al-Jouf and Rafha. Each of the two solar projects is expected to attract investment in the amount of $100 million to $120 million. Speaking to PV Magazine, however, Middle East Solar Industry Association (MESIA) president Hadi Tahboub said that the Saudi Kingdom is “taking tangible steps forward and that is a clear marker of this awakeing regional giant finally embracing renewable energy.” Solar Power Part of Saudi Vision

Kronprinz in USA

Saudi Arabia and Microsoft to Partner on Technology Training

Deputy Crown Prince Mohammed bin Salman signed a memorandum of understanding (MoU) with technology giant Microsoft during the official Saudi delegation’s visit to the US. The trip, which began in Washington and included stops in California, came as part of broader efforts to promote the Kingdom’s strategic technological and economic advancements. Under this agreement, Microsoft will train emerging Saudi leaders in computing technology. In return, the Kingdom will welcome an enlarged Microsoft presence at its support center in the Royal Court.  “Microsoft will come out with technology to translate the Vision 2030 into a reality, with a focus on human

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