Saudi Crown prince’s India visit will help expand ties beyond energy

Crown Prince Mohammed bin Salman’s visit to India will boost robust interactions that New Delhi has established with Saudi Arabia over the last few years. (Supplied)
Updated 20 February 2019

Saudi Crown prince’s India visit will help expand ties beyond energy

  • New Delhi’s participation in Kingdom’s mega projects a major aspect of renewed ties: Talmiz Ahmad

NEW DELHI: Saudi Crown Prince Mohammed bin Salman’s first visit to India is a landmark development in bilateral ties between India and Saudi Arabia, according to Talmiz Ahmad, a former ambassador to Riyadh.

Saudi Arabia is India’s largest supplier of crude oil, but since taking office in 2014 Prime Minister Narendra Modi has sought to use India’s growing economy to attract more investment from Saudi Arabia beyond energy, and foster cooperation on trade, infrastructure and defense.

Ahmad, author of several books on the Arab world and twice India’s Ambassador to Riyadh, said that while the backbone of New Delhi’s relationship with the Kingdom is energy, the two sides had been discussing “how to give greater substance and longevity to the relationship on the basis of concrete projects.”

Reuters reported this week that India is expecting Prince Salman to announce an initial investment in its National Investment and Infrastructure Fund, a quasi-sovereign wealth fund, to help accelerate the building of ports and highways. Saudi Arabia has also suggested investing in India’s farming industry, with an eye on food imports to the Kingdom. 

Ahmad said Saudi Arabia’s NEOM project, a $500 billion smart city in Tabuk province on the Egyptian and Jordanian borders, would also provide great opportunities for Indian companies. 

He added that Saudi Arabia’s Vision 2030, the crown prince’s blueprint to fundamentally transform Kingdom’s economy, presents another opportunity for Indian businesses to prosper from the relationship.

“India is extremely well placed,” said Ahmad. “We are world leaders in small and medium enterprises and in the services sector. Saudi Arabia also has proposals to develop its tourism and leisure sectors, and I believe India is also well placed in those areas too.”

He also discussed how the strategic partnership had been initiated by former Indian Prime Minister Manmohan Singh, who visited Riyadh in 2010, but that Modi, who visited in 2016, had added “considerable substance” to the relationship.

He stressed, though, that Riyadh’s ties with India are independent of its relationship with Pakistan. He added India and Saudi Arabia were also working together to improve the security situation in Afghanistan, to resolve the 17-year conflict between government forces and the Afghan Taliban, as well as in the wider West Asia region. 

“India has excellent relations with all the countries in West Asia, and New Delhi is well placed to address some of the concerns that all the countries have with each other,” he said.


Misk Initiatives Center signs 12 deals to develop youth talent

Updated 15 November 2019

Misk Initiatives Center signs 12 deals to develop youth talent

  • MoUs with top firms such as Chinese tech giant Huawei, French oil major Total open new opportunities

RIYADH: The Prince Mohammed bin Salman’s Foundation Misk Initiatives Center has signed 12 memorandums of understanding (MoU) on the sidelines of the Misk Global Forum in Riyadh with local and international companies to support and develop youth talent.

Among the companies were the Chinese tech giant Huawei, the French oil firm Total, the Emirati Federal Youth Authority, and the Ministry of Economy and Planning.

The agreements stipulated joint work between the two parties in the fields of talent development in Saudi Arabia and information and communications technology, in accordance with the National Transformation Program 2020 and the Kingdom’s Vision 2030. 

This initiative aims to find ways of cooperation and employment opportunities between the two parties.

The MoU signed between the center and the Emirati Federal Youth Authority provides for the enhancement of joint cooperation in support of youth. 

The two parties will seek to discuss future cooperation, to build a strategic partnership between the two parties in exploring potential cooperative opportunities and setting a framework for such cooperation, in addition to organizing the exchange of technologies and innovations through the joint organization of courses, forums and workshops.

The MoU aims at creating a specialized scientific dialogue between the two parties, conducting joint research at the institutes in the field of entrepreneurship and the skills of the future, considering launching joint initiatives, and examining the possibilities of cooperative programs based on the extensive experience of Misk and the Federal Youth Authority.

Misk’s Initiatives Center agreement with Total will promote joint cooperation, find training opportunities for Saudi talent at the company’s headquarters and facilities, and cooperate on educational programs that support entrepreneurship and an ecosystem for startup companies, especially in the fields of energy and technology.

The Misk Global Forum also witnessed the signing of a MoU with “Hub71” to promote learning and leadership among Saudi youth, and enhance opportunities for joint collaboration, in addition to two MoUs with 500 startups and seed stars “to promote joint cooperation between the two parties, to develop and grow the business of startups and provide them with the necessary
environment.”

Misk also signed a MoU with the Public Institution for Education and Global Leadership to promote joint cooperation and achieve the objectives of both sides, to support innovation initiatives that instill the entrepreneurial mindset of young people, as well as the establishment and organization of entrepreneurship approaches. 

Both parties agreed to focus on exploring potential collaborative opportunities related to the Entrepreneurship World Cup, and establish a competition with competitors coming from 170 countries.

Both parties also agreed to support international competitions aimed at identifying the best solutions in various fields and sectors, as well as exchanging programs on entrepreneurship and innovation.

The center has signed a MoU with the Saudi Industrial Development Fund to discuss the possibility of providing training programs and courses for the center’s employees of the Fund and the relevant authorities. In addition to discussing available opportunities for cooperative training within the Fund, and providing opportunities for participation and contribution of the Fund’s staff in Misk’s programs.

The MoU aims to explore the benefits of existing agreements between the two parties with international financial and educational institutions, in order to find opportunities that provide programs, training and educational courses, and granting cooperative trainings for Saudi youth in those global institutions.

The center also signed a MoU with the Islamic Educational, Scientific and Cultural Organization (ISESCO), aiming to enhance joint cooperation on educational technology and its integration into the educational systems in the Islamic world.

An MoU with King Abdullah University of Science and Technology (KAUST) will enhance the cooperation between the two parties in several initiatives, including academic development, training, entrepreneurship and innovation programs.

An MoU with Endeavor Saudi Arabia will support the Kingdom’s youth, enhance their talents and potential, stimulate economic growth, and find ways of cooperation between the two parties that serve their common interests.

The center’s MoU with the Ministry of Economy and Planning aims to spread awareness, provide new information on the education and training of human resources in the administrative and economic fields, youth empowerment, and coordinate efforts to raise their abilities.

The MoU aims to create cooperative training opportunities in local and international institutions with the purpose of workforce growth in the Kingdom’s economic sector, contributing to the development of national competencies in the economy, policies and procedures, strategic planning, in addition to providing job opportunities for graduates from areas that serve the interests of both parties and support the achievement of the Kingdom’s Vision 2030.