Pakistani leaders, Saudi envoy praise Kingdom’s efforts to shape the future

Pakistani officials, diplomats and dignitaries attend the Saudi National Day event in Islamabad, Pakistan on September 25, 2023. (AN photo)
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Updated 26 September 2023
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Pakistani leaders, Saudi envoy praise Kingdom’s efforts to shape the future

  • Pakistan and Saudi Arabia are close allies and share strong economic, security and cultural ties

ISLAMABAD: Pakistani leaders and the Kingdom’s envoy to Pakistan have praised the leadership in Riyadh for its efforts to realign Middle East dynamics and open up the Saudi economy and society.

The comments came during celebrations in Islamabad on Monday to commemorate Saudi Arabia’s 93rd National Day.

The Saudi government, in an effort led by Crown Prince Mohammed bin Salman, has made remarkable changes in recent years under a vast economic transformation plan, Vision 2030, to diversify away from oil and open the Kingdom to business and tourism amid increasing regional competition.

The Kingdom has also gone into diplomatic overdrive, restoring relations with Iran and agreeing to a rapprochement with Syria in its quest to rebuild regional alliances, instead of leaning entirely on the US, its long-time big power ally. It has also recently joined the Shanghai Cooperation Organization as part of Riyadh’s attempts to build a long-term partnership with China.

“Under the ideal leadership, Saudi Arabia is not just addressing the future, it is actively shaping it,” Chairman of the Senate of Pakistan Muhammad Sadiq Sanjrani said at a ceremony to celebrate Saudi National Day.

He added: “Dialogue and mutual respect are the bedrock on which lasting peace is made.

“We are confident that Saudi efforts will open doors to various opportunities, including trade, the sharing of initiatives, and collaboration between leaders and their followers, not only for the region but for the entire world.”

Pakistan and Saudi Arabia are close allies and share strong economic, security and cultural ties. Saudi Arabia is also home to more than 2 million Pakistani expatriates, making it the largest contributor to remittance inflows.

Pakistan received $2 billion in financial support from Saudi Arabia in July, a day before the International Monetary Fund’s board gave the final approval for a $3 billion bailout deal.

Saudi Arabia’s continued economic and investment support is key for Pakistan as economic stabilization is a major challenge with the $350 billion economy on a narrow recovery path after the IMF bailout averted a sovereign debt default. Economic reforms have already fueled historic inflation and interest rates.

“Pakistan is grateful for all the support extended by the Kingdom in the difficult times,” Sanjrani said, adding that Pakistan had also provided “unwavering and never-ending” support to the Kingdom on diplomatic and security fronts.

Speaking at the ceremony, which was organized by the Saudi Embassy, Ambassador Nawaf bin Said Al-Malki called on Pakistan and the world to “support all development plans and initiatives taken for the progress and prosperity of the Kingdom.”

He added: “At the forefront of these successful initiatives is the Kingdom’s Vision 2030, which represents a new stage leading the country to a bright future.”


Saudi experts on urban heritage give lectures in Paris

Updated 16 May 2024
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Saudi experts on urban heritage give lectures in Paris

  • The program of four lectures explores some of the initiatives developed by the organization
  • The first lecture delved into material and intangible methods for preserving urban heritage

RIYADH: Experts on urban heritage from Saudi Arabia are giving a series of lectures on the topic at the UN Educational, Scientific and Cultural Organization offices in Paris.
Organized by the Saudi Heritage Commission, the program of four lectures explores some of the initiatives developed by the organization and the wider strategies on urban heritage in the Kingdom, the Saudi Press Agency reported.
The first lecture delved into material and intangible methods for preserving urban heritage, while the second looked at the development of traditional architecture in Al-Ahsa.
The third talk considered the role international architects have played in shaping modern architecture in Saudi Arabia, while the upcoming fourth and final lecture will tell the stories of sites in the Kingdom that have been added to UNESCO’s World Heritage List.
The commission said the lectures in Paris reflect the organization’s efforts to preserve and develop national heritage as part of the Saudi strategy for culture set out in the Kingdom’s Vision 2030 plan for the development and diversification of the national economy, and its work to promote Saudi heritage in international forums.
The aim of the commission is to enhance the heritage sector in the Kingdom, officials said, by raising awareness of Saudi heritage and how it relates to the cultural identity of the nation, fostering a sense of pride in this rich cultural heritage, and strengthening its partnerships with UNESCO, other international organizations and local experts.


Norway embassy hosts National Day celebration in Riyadh

Updated 16 May 2024
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Norway embassy hosts National Day celebration in Riyadh

  • Thomas Lid Ball: At the end of August, I will take up the position as Norway’s representative to the Palestinian Authorities
  • Norway’s national day is celebrated annually on May 17, paying tribute to the constitution of 1814 and honoring the royal family

RIYADH: Thomas Lid Ball, Norway’s ambassador to the Kingdom, hosted his last national day reception as his country’s representative in Saudi Arabia before taking up his new role later this year. 

“This will be the last national day celebration here at the compound for my wife Camilla and me. At the end of August, I will take up the position as Norway’s representative to the Palestinian Authorities,” Ball said in his opening remarks.

“We will remain forever grateful for the invaluable support from the fantastic team here at the embassy over the past years,” he said. 

Norway’s national day is celebrated annually on May 17 and pays tribute to the constitution of 1814 and honors the royal family.

Attending the national day reception as the guest of honor was Prince Mohammed bin Abdulrahman bin Abdulaziz, the deputy governor of the Riyadh region. 

In his opening address at the reception, Ball discussed a range of topics, including his time in the Kingdom as ambassador, Saudi-Norwegian private sector cooperation, and the humanitarian crisis in Gaza. 

“The Saudi-Norwegian private sector partnerships contribute to the implementation of Vision 2030 in the Kingdom – to value creation, sustainability and corporate social responsibility,” Ball said. “They are an essential part of the solid bilateral relations between Saudi Arabia and Norway, officially established more than 60 years ago.

“Our relations have further developed over the past year, through bilateral dialogues on a range of issues and various visits and events, including two Saudi ministerial visits to Oslo, and vice versa, two Norwegian ministerial visits to Riyadh,” he said. 

During his speech, the ambassador stressed the need for an “immediate ceasefire, for hostages to be released, for safe and unhindered humanitarian access to alleviate the unprecedented suffering of civilians in Gaza and for an end to the escalating violence elsewhere in the occupied Palestinian territories.”

Still addressing that conflict, he said: “According to local health authorities, at least 35,173 Palestinians have been killed in Gaza since October 7. Many of those who have lost their lives are women and children. On the West Bank, 479 Palestinians have been killed, including 116 children. 

“The conflict must be moved into a political track aiming for a political solution – a two-state solution that fulfills the right of the Palestinian people, ensures security for Israel, and paves the way for enhanced security in the wider region,” Ball said. 

The theme of the national day reception hosted in the ambassador’s residence was water.  

“As you may have noticed, we’ve chosen water as the theme for this year’s event. Because ‘water is life’; necessary for the survival of all living organisms on the planet, and because the management of our water resources is of such importance, both for the Kingdom of Norway and the Kingdom of Saudi Arabia,” the ambassador said. 

Concluding his speech the ambassador said: “I would like to take the opportunity to also thank our Saudi friends and host country, our honorary consul in Jeddah, Abdullah bin Mahfouz, our friends in Bahrain, Oman and Yemen, our fellow citizens in the four countries, and not least our dear colleagues here in the diplomatic community.”

The celebration featured an open dinner buffet highlighting traditional dishes from Norway. The reception also featured a photograph area where visitors could pose against a boat backdrop while wearing Viking headgear.


Al-Qunfudah celebrates mango festival as production grows

Updated 16 May 2024
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Al-Qunfudah celebrates mango festival as production grows

  • Several types of mangoes, including Tommy Atkins, Sensation and Langra, are grown locally in Al-Qunfudah
  • Saudi mango production grew to 88,600 tons annually in 2023, with Al-Qunfudah producing a little over 50 percent of national output

RIYADH: The Saudi coastal city of Al-Qunfudah on the Red Sea is celebrating the 13th season of its mango festival this week.

Organized by the Ministry of Environment, Water and Agriculture’s branch in the Makkah region, the event began on Tuesday and will run for five days.

Through the festival, organizers hope to promote mangoes and other agricultural products, as well as help farmers with marketing and develop the Kingdom’s agricultural industry.

Several types of mangoes, including Tommy Atkins, Sensation and Langra, are grown locally in Al-Qunfudah.

Around the city, there are more than 3,000 farmers who own almost half a million mango trees, producing more than 45,000 tons of mango annually, the Saudi Press Agency reported.

Guests at the mango festival include Makkah Region Gov. Prince Khalid Al-Faisal, as well as Majid Al-Khalif, director general of the Ministry of Environment, Water and Agriculture’s branch in Makkah region.

“The mango festival is considered a marketing window, waited (for) by people every year because it attracts shoppers and those looking for high-quality agricultural products,” said Al-Khalif.

The festival includes activities for guests such as a heritage corner, games and prizes, and educational programs for farmers.

Farmers in Saudi Arabia have cultivated mangoes for more than 50 years. The production season begins in March, with harvest usually starting in May and lasting for three months.

Last year, statistics showed that Saudi mango production grew to 88,600 tons annually, with Al-Qunfudah producing a little over 50 percent of national output.

The seasonal fruit is grown in areas including Jazan’s Sabya, Abu Arish, Al-Darb, Samtah and Baish governorates.


Saudi crown prince meets with Arab leaders on sidelines of Manama summit

Saudi Arabia’s crown prince meets with Kuwaiti Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah in Manama, Bahrain. (SPA)
Updated 16 May 2024
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Saudi crown prince meets with Arab leaders on sidelines of Manama summit

  • Saudi Arabia’s crown prince urged international community to fulfil its responsibility by demanding an immediate end to Israeli aggression

RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman met with Arab leaders on the sidelines of an Arab League summit taking place in Manama on Thursday.

The crown prince met with Kuwaiti Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, Jordan’s King Abdullah, Syria’s President Bashar Al-Assad, and UN Secretary-General Antonio Guterres.

The summit has been dominated by the Israel-Hamas war and the crown prince said in a speech that the Kingdom “emphasizes the need for continued collaboration to confront the brutal aggression against Palestine.”

He urged the international community to fulfil its responsibility by demanding an immediate end to Israeli aggression and ensuring the delivery of humanitarian aid to Gaza.

The crown prince also stressed “the importance of pursuing a just and comprehensive solution to the Palestinian issue based on UN legitimate resolutions and the Arab Peace Initiative, guaranteeing the Palestinian people’s right to establish an independent state within 1967 borders, with East Jerusalem as its capital.”


Financial transactions easier with fintech, but there are obstacles, says expert

Updated 16 May 2024
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Financial transactions easier with fintech, but there are obstacles, says expert

  • Rapid development of global markets makes corruption a major threat, Saudi business leader warns
  • Investors should fund crime-fighting technologies, Arab Forum of Anti-Corruption Agencies and Financial Intelligence Units told

RIYADH: Financial transactions have been made easier by rapid and accelerating growth in technologies, but there are still obstacles to overcome, said Nabil Koshak, CEO of the Saudi Venture Capital Company.

“Investors should fund the development of technologies that help fight these obstacles and crimes,” said Koshak, a panelist at the Arab Forum of Anti-Corruption Agencies and Financial Intelligence Units on its second day on Thursday in Riyadh.

With the interconnectedness and rapid development of global markets, corruption represents a major threat and carries significant risks for investors.

Discussing ways in which businesses and financial institutions manage the dangers of market corruption, Koshak said: “Investing in this sector attracts capital from the world’s top venture capital and financial firms. These firms noticed a significant gap and difficulty that the authority, financial institutions, and governments face; as a result, as technology advances, investors will have more and bigger opportunities to invest.”  

Based on the effects of corruption, and its repercussions on economic stability and sustainable development, there is an increasing trend among corporate and institutional investors to adopt proactive methods to confront these risks directly, he said.

“In 2016, Saudi Vision 2030 emphasized the importance of sectoral investment, innovation, and entrepreneurship, particularly among developing companies and small and medium-sized organizations. In 2023, funding and venture investment in the Kingdom were increased, and from 2018 to today it became the top Middle Eastern country to invest. The Saudi Venture Investment Company’s initiative prompted over 50 investment funds to invest in technology and emerging companies in general,” he added.

By prioritizing anti-corruption measures and integrating them into decision-making frameworks, investors are reshaping the standards of responsible investment and demonstrating a commitment to ethical business conduct.  

“The digital economy is a strong regulatory framework for Saudi Arabia. Even to stimulate investment in technologies related to the field of combating digital crimes, we are proud of Saudi Arabia’s entrepreneurs and investors. Participation of startups and entrepreneurs to establish companies that contribute to developing technologies in combating crimes, such as Mozoon Company, Amwal Company, and others,” Koshak said.

He said that the significant changes that took place in this sector did not come out of nowhere. Vision 2030 was focused on innovation, entrepreneurship, and small and medium enterprises.

Koshak said that it is important to continue supporting and empowering entrepreneurs and innovators in order to find innovative solutions that keep pace with the challenges.

He added that It is critical to recognize that as the digital economic transformation accelerates, new and different challenges will emerge.

Innovation and creativity are important tools to find solutions that keep pace with this accelerating digital transformation in various sectors, the most important of which is the fight against financial crime, Koshak said.