General Authority for Foreign Trade, WTO, host Riyadh workshop

The “Market Access" workshop was held by a group of international experts at the WTO
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Updated 27 October 2022
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General Authority for Foreign Trade, WTO, host Riyadh workshop

  • Event helped govt officials gain understanding of market access, customs rules

RIYADH: The Saudi General Authority for Foreign Trade, in collaboration with the World Trade Organization, hosted a workshop in Riyadh from Oct. 25-27, Saudi Press Agency reported.

The workshop, titled “Market Access,” was held by a group of international experts at the WTO. It included a number of representatives from government agencies.

The event aimed to build the skills of specialists in government agencies through an understanding of market access, customs and non-tariff procedures, and the work of the WTO. 

It also demonstrated how participants can benefit from WTO databases. 

The workshop aimed to foster technical expertise and knowledge of the basic principles and rules of the WTO related to tariffs and concession schedules, ongoing issues being discussed at WTO, the Kingdom’s obligations toward other countries in trade agreements and the best practices of other countries.

Commission for International Organizations and Conventions Deputy Gov. Farid bin Saeed Al-Asali said that the Kingdom aims to bolster relations with other countries and international organizations, as well as increase its international presence in the field of foreign trade. 

The General Authority for Foreign Trade works to maximize the Kingdom’s benefits from international organizations and agreements, allowing Saudi exports to access global markets while reducing trade obstacles.

 


Saudi Arabia to build world-class horse racing venue in Qiddiya

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Saudi Arabia to build world-class horse racing venue in Qiddiya

  • The 21,000-seat facility, with turf and dirt tracks and an equine hospital, will host the Saudi Cup, the world’s richest horse race

RIYADH: Qiddiya Investment Co. has announced plans for a new horse racing venue in Qiddiya City, highlighting Saudi Arabia’s equestrian heritage.

The venue is planned as a national site for sport, culture and entertainment, and will host the Saudi Cup, the world’s richest horse race, according to the Saudi Press Agency.

Abdullah Aldawood, the company’s managing director, said: “Every element, from racing performance and equine welfare to hospitality and fan engagement, has been designed to meet the expectations of the world’s leading racing jurisdictions.

“In line with our wider vision for Qiddiya City, this state-of-the-art venue is designed to be fully accessible, pioneering a new chapter in spectator engagement and experience.”

The facility will feature a flexible racing configuration to support a range of international race formats, ensure optimal conditions for horses, and improve visibility for spectators.

The venue will include the region’s first straight-mile turf course, a 2,200-meter main turf track, and a 2,400-meter inner dirt track, bringing top-level racing together in one location.

A 21,000-seat grandstand will anchor the venue, with capacity expandable to 70,000 for major race days, the SPA reported on Tuesday.

A 110-meter parade ring will place horses and riders at the center of the spectator experience, showcasing the skill and tradition of the sport.

Equine welfare is a priority for the development. A world-class equine hospital will provide veterinary services, including diagnostics, surgery, rehabilitation and emergency care.

Meawhile, Qiddiya Investment Co. and the Jockey Club of Saudi Arabia are expected to sign a memorandum of understanding during the Asian Racing Conference to promote collaboration and long-term development of horse racing in the Kingdom.