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Saudi Arabia has always delivered stability in turbulent times

Saudi Arabia has always delivered stability in turbulent times

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Organisers prepare for the 2020 G20 Riyadh Summit, Riyadh, Saudi Arabia, November 18, 2020. (AFP)

The G20 is the world’s largest economic bloc, which not only draws on the strategic features of the global economy but also sets future plans.
Saudi Arabia holds the presidency of the organization this year. Though the pandemic has forced its annual summit to become a virtual event, this has not stopped the Kingdom from leveraging its potential as the most exceptional summit in many years, despite circumstances that are among the most dangerous in history.
As a result, Saudi Arabia has ensured the summit will be of great influence and importance both for the Kingdom and the world.
The Saudi leadership of the G20 this year follows a long history of the nation helping to deliver stability in turbulent times, never more so than in recent years. The Kingdom has helped to steer the direction of OPEC+ oil producers, and is about to enter the fifth year of a unique pact among producers with a great historical consensus and high compliance rates.
When Saudi Arabia hosts the summit of the 20 largest economies this weekend, it will be presiding over the most important gathering in the history of the G20, an organization whose members represent 66 percent of the world’s population, 85 percent of the global economy, and 75 percent of world trade.
During its presidency, Saudi Arabia has insisted on translating commitments and pledges by the leaders of member nations into real-world actions. This has resulted in decisive solutions and bold action plans that will enhance the global recovery from the pandemic.
Through its presidency of the G20, the Kingdom has helped to overcome the health and economic challenges the world is facing. These cannot be managed by countries working in isolation — there is a need to work together while respecting different points of view, customs and traditions.
During the pandemic, Saudi Arabia has provided its citizens and residents with things that no other member of the G20 has provided. It has exemplified the concept of humanity to the world and set an example for others to follow, despite a health crisis that has caused economic shock waves affecting the whole world.

Riyadh’s presidency of the G20 this year was a recognition of its economic and political strength at the global level.

Faisal Faeq

Riyadh’s presidency of the G20 this year was a recognition of its economic and political strength at the global level. The Kingdom has also proven its ability to provide support and assistance to the world in a number of situations related to international peace and security.
Its presidency and participation in the work of the G20 has not only been in accordance with established protocols, but Saudi Arabia has also left a lasting impression of its leadership, especially with how it reacted to the emergence of the COVID-19 pandemic.
At home, the signs are positive that the Kingdom’s strategy of diversifying its sources of income is proceeding according to plan. Its ambitious vision for the future has been able to create diversity, and many targeted sectors — including tourism, telecommunications, retail, manufacturing and construction — are experiencing growth and offering other encouraging future indicators.
Meanwhile, the programs and initiatives contained within Saudi Vision 2030 continue to make vital contributions to strengthening governance and transparency within the country, while developing policies and procedures. It has also filled some gaps, as a result of which corruption can be eliminated, performance can be measured and government agencies can be restructured. These are great achievements for the ongoing economic reforms.
The Kingdom has shown an ability to implement its strategy, and if it were not for the pandemic we would have seen record numbers achieved in those sectors well within the strategy’s timeline.
This indicates that such positive results, based on the reality of the Kingdom’s economy, are in line with the findings of international research centers and already exceed many expectations.

  • Faisal Faeq is an energy and oil marketing adviser. He was formerly with OPEC and Saudi Aramco. Twitter:@faisalfaeq
Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point-of-view

Collaborative approach of G20 key to overcoming COVID-19 pandemic: Saudi minister

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A roundtable discussion moderated by Noor Nugali, Arab news Assistant Editor-in-Chief, Adel Al-Jubair Minister of State for Foreign Affairs, and Reem Al Hashimi, Minister of State, about the how the G20 can reconnect the world. (AN Photo/Basheer Saleh)
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A roundtable discussion moderated by Noor Nugali, Arab news Assistant Editor-in-Chief, Adel Al-Jubair Minister of State for Foreign Affairs, and Reem Al Hashimi, Minister of State, about the how the G20 can reconnect the world. (AN Photo/Basheer Saleh)
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Updated 21 November 2020

Collaborative approach of G20 key to overcoming COVID-19 pandemic: Saudi minister

  • Adel Al-Jubeir said nations had rallied together with a village-like mentality to combat the virus outbreak

RIYADH: Joint efforts by the G20 to fight the coronavirus disease (COVID-19) pandemic had proved that through collaboration the world could overcome the health crisis, Saudi Arabia’s minister of state for foreign affairs said on Friday.

Speaking at the International Media Center for the G20 Leaders’ Summit in Riyadh, Adel Al-Jubeir pointed out that nations had rallied together with a village-like mentality to combat the virus outbreak.

He noted that the G20 had provided billions of dollars to obtain a vaccine for COVID-19, and added: “The lessons learned from this are that by working together, we can develop a vaccine faster and more effectively. We can develop protocols for how to deal with this pandemic.”

His comments came during a roundtable discussion — which was moderated by the minister alongside Arab News’ assistant editor-in-chief, Noor Nugali, and UAE minister of state, Reem Al-Hashimi — on how the G20 had reconnected the world.

Al-Jubeir said that the world had always been connected. “The only difference is that now we’re connected much more intensely and at a much greater speed, which means we have to perform at a much greater speed than we used to in the past.

“I see much more benefit from it than anything negative. And I see that when we can use technology and use our different backgrounds, we just enrich our global culture that much,” he added.

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Al-Hashimi said the COVID-19 pandemic had shown how much nations depended on each other.

“The global challenges are not going to be solved by one nation no matter how strong. And any fragility in one part of the world is going to have a ripple effect everywhere else,” she added.

Al-Jubeir said the G20 had showcased to the world how Saudi Arabia was empowering its youth and women and making significant reforms through its Vision 2030 plan. However, the COVID-19 pandemic had curtailed some aspects of the Kingdom’s presidency year.

We want to make our government more efficient … to empower our youth and our women so that the future generations can realize their hopes, their dreams, and their ambitions.

Adel Al-Jubeir, Minister of state for foreign affairs

“It (the pandemic) prevented most of the meetings from happening physically. And it would have been nice to have thousands of people come to Saudi Arabia, walk the streets, meet Saudi men and women, see the changes that have happened in the country, feel the changes that are happening in the country, but … we will be able to do that as time goes by,” he added.

Al-Hashimi said: “It’s been phenomenal. I think that the challenge that 2020 has brought was very well-handled by the Kingdom that was able to bring everybody together in such difficult and extraordinary circumstances.

“Nobody wants a conference for the sake of a conference. And here you see that the Kingdom has taken a very robust and rigorous approach in really trying to bring together the things that matter to everybody else.

“I mean, when the theme is realizing opportunities of the 21st century for all, it talks about unlocking that potential,” she added.

On Saudi Arabia playing a more vocal and visual role in international organizations, Al-Jubeir said that the Kingdom had a huge interest in the world and in the stability of the region.

“We want to make our government more efficient … to empower our youth and our women so that the future generations can realize their hopes, their dreams, and their ambitions.

“So, to do this, we need stability in the region. We don’t need conflict. We have a series of conflicts around us, and to stabilize them, we need to work with the international community.

“So of course, our role will continue to be strong when it comes to dealing with the international community and dealing with international organizations,” he added.


Saudi Arabia and China: Chronicle of a strategic partnership

Updated 7 sec ago

Saudi Arabia and China: Chronicle of a strategic partnership

  • Leaders have worked steadily since the establishment of diplomatic relations to strengthen bilateral ties
  • President Jiang Zemin became the first Chinese head of state to visit Saudi Arabia in 1999

RIYADH: China’s President Xi Jinping embarks on an official visit to Saudi Arabia on Wednesday at the invitation of King Salman, during which the leaders of both countries will attend a Saudi-Chinese summit, a Gulf-Chinese summit, and an Arab-Chinese summit for cooperation and development.

Since diplomatic ties were established more than three decades ago, the leaders of both Saudi Arabia and China have worked steadily to develop and enhance the bilateral relationship. Here is a timeline of some of the key developments in the Saudi-Chinese relations.

Former Chinese president Jiang Zemin became the first head of state from the country to visit the Kingdom in 1999. (AFP/File)

The two countries established diplomatic ties in 1990.

Nine years later, China’s President Jiang Zemin became the first Chinese head of state to visit the Kingdom. The high point of the 1999 visit was the signing of the Strategic Oil Cooperation agreement.

In 2004 Saudi Arabia and China initiated a series of regular political meetings. Sinopec, the Chinese state-run energy company, signed an agreement to explore for gas in the Kingdom’s Empty Quarter.

Saudi Arabia’s King Fahd welcomed Jiang in 1999. (AFP/File)

Two years later, King Abdullah became the first Saudi head of state to visit China officially and sign several major agreements on energy cooperation.

The 2006 visit served as an opportunity to discuss broader issues of economic trade, technical accords and a vocational training agreement, and to finalize an urban-development loan from the Saudi Arabian Development Bank for China’s Xinjiang province.

The same year, China’s President Hu Jintao paid a return visit. He predicted that bilateral relations would “write a new chapter of friendly cooperation between China and Saudi Arabia in the new century.”

Saudi Arabia’s King Salman visited China in 2017. (AFP/File)

He and King Abdullah signed several agreements for energy exploration and security. King Abdullah adopted a pro-Asian “Look East” trade policy, with more than half of Saudi oil exports going to Asia.

In 2008, when a devastating earthquake hit China’s Sichuan province, Saudi Arabia demonstrated its support by pledging $50 million of cash aid and $10 million of materials.

In 2009 President Hu visited Saudi Arabia for a second time, during which he and King Abdullah discussed international and regional issues of common concern.

Former Chinese president Hu Jintao also toured the Kingdom in 2006. (AFP/File)

The year 2014 saw Saudi Arabia emerging as China’s biggest supplier of crude oil while the value of bilateral trade reached $69.1 billion.

Three years later King Salman visited China to cement Saudi ties with the world’s second-largest economy. The 2017 signed saw deals worth $65 billion being inked.

In 2019, Crown Prince Mohammed bin Salman visited China as part of a tour of Asia. He met Chinese President Xi Jinping and other high-ranking officials.

As both countries had their own long-term strategic development plans — China with its Belt and Road Initiative and Saudi Arabia’s Vision 2030 — the two leaders expressed their willingness to collaborate on connecting their initiatives.

Crown Prince Mohammed bin Salman met Chinese President Xi Jinping and other high-level officials in Beijing in 2019. (AFP/File)

They signed a cooperation agreement for the enhancement of research and studies in the maritime-transport industry.

The Saudi crown prince also agreed to allocate $10 billion to establish a refinery and petrochemical complex in China.
 


How China’s Xi Jinping became the embodiment of a new, multipolar world

Updated 30 min 9 sec ago

How China’s Xi Jinping became the embodiment of a new, multipolar world

  • Xi Jinping’s rule likely to prove transformative as China eyes title of world’s pre-eminent economic power
  • Since taking power in 2013, Xi has pursued what he has called a “great rejuvenation of the Chinese nation” 

RIYADH: When Xi Jinping became China’s president in 2013, the world’s most populous country had already emerged as the second-biggest economy and appeared poised to reset the global geopolitical balance.

Nearly 10 years into his premiership, Xi has cemented China’s place as a regional power, expanded Chinese influence in Central Asia and Africa, and made enormous strides in everything from robotics and artificial intelligence to space exploration.

China today has the world’s largest internet infrastructure, with the number of users increasing from 564 million to 1.03 billion over the past decade, and a robust digital economy, which has increased in value from 11 trillion yuan ($1.6 trillion) to 45.5 trillion yuan.

In that time, China’s GDP has grown from 53.9 trillion yuan to 114.4 trillion yuan, now accounting for 18.5 percent of the world economy. Meanwhile, average life expectancy has risen to 78.2 years, and around 100 million people have been lifted out of poverty.

Over the course of his lifetime, Xi has borne witness to China’s transformative rise, from the first tumultuous decades after the communist revolution of 1949 to the nation’s rapid ascent to superpower status.

Xi was born in Beijing on June 15, 1953, the son of Xi Zhongxun, a senior Communist Party official, one-time deputy prime minister, and former guerrilla commander in the civil war that brought the communists to power.

As the son of a senior official, Xi spent his early years among China’s elite. However, in 1969 at the age of 15, Xi was among the many educated urban youths who were sent to live and work in the countryside during the Cultural Revolution — a period of immense social upheaval.

Xi would remain in the remote northeastern village of Liangjiahe, in Shaanxi province, for seven years, learning firsthand how the majority of his countrymen lived and worked. While there, Xi joined the Communist Youth League and then, in 1974, the Communist Party of China.

In 1975, Xi returned to Beijing to study chemical engineering at the prestigious Tsinghua University. It was the following year, on Sept. 9, 1976, that Mao died at the age of 82, ending a 27-year rule characterized by radical social and economic transformation.

Hua Guofeng, Mao’s handpicked successor, emerged as the nation’s new leader. However, he was soon sidelined by Deng Xiaoping, who would go on to introduce significant economic reforms in the 1980s, sowing the seed of China’s emergence as a global superpower.

After university, Xi joined the military as an aide in the Central Military Commission and the Defense Ministry. Then, in 1982, he was given his first position of authority as deputy and then leader of the Communist Party in Zhengding county, south of Beijing, in Hebei province.

In 1985, having proved himself as a skilled provincial official, Xi was appointed vice mayor of the city of Xiamen, a manufacturing hub in coastal Fujian province — a post he would hold for the next 17 years.

It was during this time, in 1987, that Xi married Peng Liyuan, a popular singer in the People’s Liberation Army’s song and dance troupe. The couple had one daughter, Xi Mingze, who went on to study at Harvard University in the US.

With the new millennium, Xi’s national standing grew rapidly. In 2000, he was appointed governor of Fujian province. Two years later, he was transferred to neighboring Zhejiang province, where he was appointed party chief — a post that outranks governor.

Now a rising star within the CPC, Xi was appointed party chief of Shanghai in March 2007. He was to remain in this post for only a few months, however, as that October he joined the national leadership as part of the nine-member Politburo Standing Committee. The following year, in March 2008, he was named vice president.

Xi then began building his international profile. The same year he became VP, he was placed in charge of the 2008 Summer Olympics in Beijing  — an event that marked China’s own re-emergence on the world stage.

In Aug. 2011, Xi hosted then-Vice President Joe Biden on his visit to China, nearly a decade before Biden became US president.

Then, in Nov. 2012, Xi secured the top job in the CPC, replacing Chinese President Hu Jintao as general secretary, beginning his first five-year term as president of China in March the following year.

Since taking power, Xi has pursued what he has called a “great rejuvenation of the Chinese nation” with his “Chinese Dream” vision.

Under his leadership, China has enacted reforms to combat slowing growth and has launched the multi-billion-dollar “Belt and Road” infrastructure project aimed at expanding China’s trade links with Central Asia and Europe.

The country has become more assertive on the global stage, from the South China Sea and Taiwan in the east to countries of Asia and Africa in the west.

It was in 2022 that China under Xi truly emerged as a global force with influence over world events. (AFP)

In Oct. 2017, marking the start of his second term, and in recognition of his transformational premiership, the CPC enshrined Xi’s ideology, known as “Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era,” in its constitution, as well as his signature Belt and Road initiative.

Such was Xi’s prestige at the outset of his second term that China’s legislature voted in March 2018 to abolish the nation’s two-term limit on the presidency.

Xi’s second term was not without its challenges, however. In July 2018, the US, under then-President Donald Trump, imposed tariffs on Chinese imports, triggering a trade war. China retaliated with tariffs on US goods.

Then, in Jan. 2020, China locked down the city of Wuhan as a new virus sparked what would become the COVID-19 pandemic. Although China has seen one of the world’s lowest per capita death rates, its “zero-COVID” policy has required the imposition of periodic lockdowns.

As one of the world’s major industrial powerhouses, and one of its top manufacturers, China has been eager to play its part in reducing greenhouse gas emissions, weaning its power grid off coal, developing clean renewable technologies, and promoting sustainability.

In Sept. 2020, in a video speech to the UN General Assembly, Xi announced China’s aim to reach peak carbon dioxide emissions before 2030 and to achieve carbon neutrality before 2060.

It was in 2022 that China under Xi truly emerged as a global force with influence over world events. In February, at the opening of the Beijing Winter Olympics, Xi met Russian President Vladimir Putin, announcing a renewal of the Sino-Russian relationship.

Three weeks later, Russia invaded Ukraine, leading to Western sanctions and NATO efforts to shore up the Ukrainian defenders. China, meanwhile, like many equidistant nations, refrained from criticizing Russia’s operation, but stopped short of backing Moscow militarily. This episode alone demonstrates just how far China has come in the new, multipolar world.

In October, Xi began a third five-year term as CPC leader, setting him on a course to become the nation’s longest-serving leader since Mao, and very likely its most transformative, as China eyes the possibility of becoming the world’s pre-eminent economic power.
 


China's Xi to visit Saudi Arabia, attend Chinese-Saudi summit

Updated 06 December 2022

China's Xi to visit Saudi Arabia, attend Chinese-Saudi summit

  • Summit will be chaired by King Salman and Crown Prince Mohammad bin Salman
  • Will focus on relations between GCC and Arab states and People's Republic of China

King Salman invited President of China Xi Jinping for an official visit to attend the Saudi-Chinese summit held in Saudi Arabia from Dec. 7 to 9, state news agency SPA reported on Tuesday.

The summit will be chaired by King Salman and Crown Prince Mohammad bin Salman. It will look at relations between the countries of the Gulf Cooperation Council and Arab states with the People's Republic of China,

Discussions are expected to focus on strengthening joint cooperation in economy and development.


Crown Prince announces Sindalah, NEOM’s first luxury island development

Updated 06 December 2022

Crown Prince announces Sindalah, NEOM’s first luxury island development

  • Extending over 840,000 square meters, Sindalah is expected to create 3,500 jobs for tourism, leisure services
  • The island will act as main gateway to the Red Sea and is expected to start welcoming guests from early 2024

RIYADH: NEOM’s first luxury island destination Sindalah will play host to superyachts and top-end apartments, Crown Prince Mohammed bin Salman revealed as he announced the latest project set to boost Saudi Arabia’s tourism industry.

Extending over an area of approximately 840,000sq. m., Sindalah is one of a group of islands that will be developed in the giga-project, and is expected to create 3,500 jobs for the tourism sector and hospitality and leisure services.

The island will act as a main gateway to the Red Sea, offering bespoke nautical experiences and is expected to start welcoming guests from early 2024, according to the Saudi Press Agency.

The Crown Prince said: “This is another significant moment for NEOM and a major step in the Kingdom realizing its tourism ambitions under Vision 2030. 

“Sindalah will be NEOM’s first luxury island and yacht club destination in the Red Sea, providing a scenic gateway to the Red Sea that will become the region’s most exciting and attractive tourism location. 

“It will be a destination where travelers can experience the true beauty of NEOM and Saudi Arabia, above and below the water, making Sindalah the future of luxury travel.”

Speaking to Arab News, Chris Newman, executive director of hotel development at NEOM, set out the range of events and activites that the island will see once it has opened.

"Sindalah expects to host sophisticated cultural events, grand sporting spectacles and glamorous social celebrations throughout the year," he said, adding "There will be a year-round calendar of imaginative experiences, curated across various seasons."

These will include a social season from December to February which will offer guests access to exclusive music concerts, art and culture events, hosted in inspiring creative venues.

The 'Glamour season' will run from March to May, and then from October and November, and will coinciding with the peak yachting event season. gGuests will enjoy exclusive access to concerts, fashion and culinary festivals as part of the glamour season.

The active season from June to September will offer guests a range of family-friendly beach and recreational activities.

"Sindalah is one of many islands in NEOM. There are additional islands in development, and we will make the announcements in due course as more information becomes available," Newman added/

Mohammed bin Salman, who is also the chairman of NEOM’s Board of Directors, said the launch of Sindalah is a major step in realizing the Kingdom’s tourism ambitions, in line with the goals outlined in Vision 2030.

Sindalah will have an 86-berth marina, as well as hosting 413 ultra-premium hotel rooms, in addition to 333 top-end serviced apartments. 

Other attractions in Sindalah include a luxe beach club, yacht club and 38 unique culinary offerings that will provide an incomparable experience in the Red Sea.

Sindalah is also expected to become a popular golfing destination by offering enthusiasts the opportunity to experience a world-class 6,474-yard (5,920 meters) par 70 course. With its 18 tees, the Sindalah golf course will deliver two unique nine-hole experiences.

NEOM, the $500 billion smart city, is one of the most important projects supporting Saudi Arabia’s national tourism strategy, as the Kingdom steadily diversifies its economy which was heavily dependent on oil for decades. 

In November, speaking at the World Travel and Tourism Council Global Summit, Nadhmi Al-Nasr, CEO of NEOM said that the hanging stadiums in the smart city will make tourists reimagine and visualize the future. 

“In The Line, we want people to come and see how sports stadiums are built, and where they are built. The sports stadiums in NEOM are 300 meter high, loose and hanging in the air,” said Al-Nasr.

He also added that OXAGON, the industrial city in NEOM also has all the potential to become a world-class tourist destination, where visitors can come and see how the future will be.

“It is in OXAGON where all industries will be, and it is the port of NEOM. Yet, we would like to see tourists spending a day or two in OXAGON. They will see the future of industries in OXAGON. Everything in NEOM is built for the future era. We want them to come and see how future sea ports will operate,” he added.


US director Oliver Stone explores Saudi film scene at Red Sea International Film Festival

Updated 04 December 2022

US director Oliver Stone explores Saudi film scene at Red Sea International Film Festival

  • Oliver Stone’s latest documentary 'Nuclear' is screening at the festival on Sunday
  • The 'Scarface' director, RSIFF jury president earlier took to stage at opening ceremony

JEDDAH: Lauded US director Oliver Stone took part in a roundtable discussion at the ongoing Red Sea International Film Festival in Saudi Arabia on Saturday.  

When asked by Arab News if he would consider filming in Saudi Arabia, he said: “My time is limited, I’m 76 years old. What do you want me to do, come down here and learn a whole different culture? No, I don’t think that’s possible. I have one project in mind, which I can’t tell you because nobody knows about it and if I can get that done, I would be very happy.” 

“The Middle East has tremendous potential, economically too. People are putting money here, no question,” he added.  

When commenting on film’s ability to act as a cultural bridge, he said “I imagine cinema has played a huge role, but on the other hand cinema is also very violent and revenge-motivated — those stories always seem to work — so you could say that’s not a good example for the world… so it’s double-edged, it depends on the movie.” 

Stone’s latest documentary “Nuclear” is screening at the festival on Sunday.  

Prior to his private discussion, the “Scarface” director and RSIFF jury president took to the stage at the opening ceremony of the festival on Thursday to share his views on Saudi Arabia.  

Stone said the country is “much misunderstood in the present world – people who have judged too harshly should come and visit to see for themselves.” He also noted “changes” and “reforms” taking place in the Kingdom, which he said make it worth a visit.  

Commenting on the 15-strong competition slate, the Oscar-winning director said: “These films stick to very basic ideas of survival, migration, suffering. There’s a real spirit here, which is growing,” according to Variety.  

The event will continue until Dec. 10 under the slogan “Film is Everything.”  

The festival is set to showcase 131 feature films and shorts from 61 countries, in 41 languages, made by established and emerging talents. Seven feature films and 24 shorts from Saudi Arabia will also be shown.