Petrol stations in Saudi Arabia soon to start accepting e-payments
Banks are ready to provide machines upon requests from operators, and that those who do not fulfil this obligation will be dealth with by inspectors
Updated 12 July 2019
RIYADH: Petrol stations in the Kingdom will start accepting e-payments via the Saudi Payments Network (MADA) from July 17.
Ziad Al-Yousef, managing director of MADA, said it has provided 4,000 e-payment machines to petrol stations and services stores.
He added that banks are ready to provide machines upon requests from operators, and that those who do not fulfil this obligation will be dealt with by inspectors from the Ministry of Commerce and Investment (MoCI).
Abdulaziz Al-Barrak, deputy head of the national committee for petrol stations, said all 12,000 of them in the Kingdom will have to implement the initiative or face a fine.
Economist and financial analyst Talat Zaki Hafiz told Arab News that the initiative is in line with the Financial Sector Development Program (FSDP), which is striving for a cashless society and to reach an e-payment target across the Kingdom of 70 percent by 2030.
He said customers will be entitled to file a complaint of non-availability of service via the ministry’s various channels.
“The fuel station sector is required to provide the terminals and electronic payment at its stations and service facilities,” Hafiz added.
Saudi banks have been asked to be ready to receive requests from the petrol sector and respond to them through all the different banking channels such as branches as well as internet banking and telephone banking.
“Objections can also be submitted to banks that have not complied with, either by delaying the process or not providing the necessary maintenance for devices,” he said.
On possible challenges, Hafiz said that the most important challenges that may face the initiative in the coming period is the lack of commitment of the target sector to request and provide devices to their locations during the period following the ministerial decision, as the announcement was made more than three months ago.
He added that the customers will be entitled to file a complaint of non-availability of service after the target date through the different channels of the MoCI.
Science, arts key to bringing nations together: Saudi culture minister
Building bridges of understanding helps create a more solid world, Prince Badr bin Abdullah tells UN conference
Updated 16 November 2019
RIYADH: Science, culture, and arts are key pillars to promoting dialogue and communication among nations, Saudi Arabia’s culture minister told a UN meeting on Friday.
Addressing the 40th UNESCO General Conference, in Paris, Prince Badr bin Abdullah bin Farhan Al-Saud said the success and prosperity of future generations relied on the strength of cultural links between countries.
Heading the Kingdom’s delegation in France, the prince told the gathering that under the guidance of King Salman and Crown Prince Mohammed bin Salman his country regarded culture in general as one of the most important foundations of human development.
He pointed out that building bridges of understanding between societies helped to create a more solid world where people of different cultures became interdependent, and he noted the Kingdom’s push for joint action within UNESCO.
“Culture and arts in the Kingdom are among the pillars of the National Transformational Program of the Kingdom’s Vision 2030, and its objective to building a vibrant society, prosperous economy, and ambitious nation,” added Prince Badr.
The minister told delegates that through Vision 2030 the Kingdom was heading “with confident steps” toward a better future and that the reform plan’s effects had “started to positively impact several sectors including education, culture, and arts.”
He reiterated Saudi Arabia’s determination to continue promoting joint action at UNESCO to achieve the goals of the UN’s 2030 Agenda for Sustainable Development, which were in line with the Kingdom’s own objectives.
“As part of its responsible position as a founding state, the Kingdom had made a big contribution to the UNESCO 1984 budget, and had allocated $25 million (SR93.7 million) to fund UNESCO’s strategic heritage programs and its actions related to protecting heritage through the signing of the letter of intent last July.”
In his speech, Prince Badr said the Kingdom believed that educating and rehabilitating young people formed the basis of any process of building, developing, and promoting culture in societies, coupled with nurturing them with human values.
“This we emphasize on in our work, through a more developed system that is open to different cultures; for this contributes to strengthening social ties and opens wide the doors for peace among nations.
“In Saudi Arabia, we have sought to achieve this, in line with the UN’s sustainable development goals, as part of our strong belief in the importance of partnerships between the nonprofit sector with other sectors, which we consider as a key partner in development,” he added.
The establishment of the National Center for the Development of the Nonprofit Sector aimed to activate and expand the role of culture-sector organizations, particularly in developmental fields, the minister said.
He noted the Saudi Ministry of Culture’s comprehensive plan to boost societal contribution in developing culture and heritage “in order to open the opportunity for the whole world to have an in-depth outlook onto the treasures of humanity’s civilizations and its secrets that have formed societies, and have contributed in this cultural richness that we are proud of, in our country and worldwide.”
Prince Badr stressed the importance of youth and its huge potential in helping to translate the aspirations and hopes of societies and said the Kingdom had launched numerous initiatives to support their creativity and involvement in constructing their country’s future.
Saudi Arabia was keen to back the plans and activities of UNESCO’s Executive Strategy for Youth 2014-2021, he added, noting that artificial intelligence was at the core of future development.
In March 2020, the Kingdom will host the Global Artificial Intelligence Summit, which the prince said was “an annual global forum for exchanging expertise between various local and international actors and companies in the field of data and artificial intelligence, for the benefit of all mankind.”
Prince Badr concluded by encouraging member states to transform their visions into reality. “We are getting prepared, and we intend to elaborate the objectives of this organization for everybody’s benefit, and cooperate hand in hand for a better world.”