Saudi date industry targets East Asian markets, says official

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The value of Saudi Arabia’s date exports increased by 14 percent in 2023. (NCPD)
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The value of Saudi Arabia’s date exports increased by 14 percent in 2023. (NCPD)
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The value of Saudi Arabia’s date exports increased by 14 percent in 2023. (NCPD)
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The value of Saudi Arabia’s date exports increased by 14 percent in 2023. (NCPD)
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The value of Saudi Arabia’s date exports increased by 14 percent in 2023. (NCPD)
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Updated 03 March 2024
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Saudi date industry targets East Asian markets, says official

  • Kingdom’s date exports hit $390m, marking a 14% rise in 2023

RIYADH: The value of Saudi Arabia’s date exports increased by 14 percent in 2023, reaching SR 1.462 billion ($390 million), compared to SR 1.280 billion in 2022, according to a report released by the National Center for Palms and Dates.

By the end of 2023, the number of countries importing Saudi dates had reached 119. The total value of date and date by-product exports increased by 152.5 percent since 2016, from SR579 million in 2016 to SR1.462 billion in 2023, with a compound annual growth rate of 12.3 percent.

The rate of increase in 2023 compared to the previous year and the market entry of about 120 countries “mean a lot to us,” while the cumulative annual rate (12 percent annually) — compared to the base year 2016 — indicates that “we are steadily entering global markets and expanding steadily as well,” said Dr. Mohammed Al-Nuwairan, CEO of the center.

Date exports to Singapore recorded an 86 percent increase in 2023, while South Korea saw a 24 percent increase, and France experienced a 16 percent increase.

Currently, more than 20 Saudi companies are approved by Chinese customs, and this is reflected in the expansion of the Kingdom’s exports of dates to China. There is a focus on East Asian markets more clearly than other global markets, Al-Nuwairan added.




Dr. Mohammed Al-Nuwairan, CEO of the National Center for Palms and Dates. (Supplied)

He told Arab News that Saudi Arabia is not limited to exporting dates only, “but rather the export extends to include date derivatives such as molasses, pastes, and others, which enhances the presence of exports from the sector outside Saudi Arabia.

“East Asian countries are receiving attention from Saudi exports of dates, especially to Singapore, situated in the heart of countries targeted for exporting dates and their derivatives, such as Indonesia, Malaysia, and also China in particular. What supports this is the high demand for Saudi dates, which possess high nutritional values and production quality,” Al-Nuwairan added.

He expects the growth rate of date exports to increase, “or to remain stable at least,” in the next five years.

Al-Nuwairan pointed out that there is a significant trend from local and international partners to invest in the sector, especially concerning plastic wood derived from palm trees, and date products such as powder, molasses, pastes, and vinegar that can be derived from dates.

The date derivatives can be used in various products such as dairy, bakery, ice cream, and confectionery factories.

“We are currently engaged in serious discussions with large international food companies to include date derivatives in food industries,” Al-Nuwairan said.

He affirmed the concerted efforts between Saudi date producers, exporters, and government sectors to support marketing activities in targeted countries. This includes participation in local and international exhibitions, trade missions, facilitating export procedures, and collaborating with the private sector under a joint strategy, all under ambitious and supportive leadership.

Al-Nuwairan emphasized that efforts are ongoing to enhance the presence of Saudi dates worldwide, noting that Saudi date exports have witnessed significant increases in many countries. He pointed out that date exports to China increased by 121 percent last year compared to 2022.

Through its strategy and partnership with the private sector, the National Center for Palms and Dates aims to achieve its strategic objectives, with Saudi dates being the first choice for consumers globally, according to Al-Nuwairan.

The center implements several initiatives, including increasing national exports of dates and their derivatives, improving agricultural and industrial practices to enhance production quality, providing marketing services, and necessary information about the sector, and empowering the sector, he added.


Saudi FM’s visit part of ‘concerted efforts’ to close investment deals — Pakistani envoy to Riyadh

Updated 17 April 2024
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Saudi FM’s visit part of ‘concerted efforts’ to close investment deals — Pakistani envoy to Riyadh

  • Ahmed Farooq says size and rank of Saudi delegation showed “keenness” of economic engagement plans with Pakistan
  • Saudi delegation briefed about Pakistani legal, procedural, administrative reforms undertaken to facilitate investments

RIYADH: Saudi Foreign Minister Faisal bin Farhan Al Saud’s visit to Pakistan this week is part of “concerted efforts” to close investment deals that have been under discussion between the two nations in recent years and also discuss new areas of cooperation, Islamabad’s envoy to Riyadh Ahmed Farooq has said. 

Prince Faisal arrived in Pakistan on Monday on a two-day visit aimed at enhancing bilateral economic cooperation and pushing forward previously agreed investment deals. His trip came a little over a week after Crown Prince Mohammed bin Salman met Prime Minister Shehbaz Sharif in Makkah and reaffirmed the Kingdom’s commitment to expedite investments worth $5 billion.

Pakistan and Saudi Arabia enjoy strong trade, defense and cultural ties. The Kingdom is home to over 2.7 million Pakistani expatriates and the top source of remittances to the cash-strapped South Asian country.

Speaking to Arab News on Tuesday, Ambassador Farooq said during Sharif’s recent meeting with the Saudi crown prince, it was decided that the Kingdom would expand its collaboration with Pakistan across various sectors. Both countries also agreed on a roadmap for expediting investments from Saudi Arabia into strategic sectors of the Pakistan economy.

“Guided by this clear direction of the leadership, the economic teams of the two countries are now in advance talks to finalize partnership proposals in diverse sectors such as energy, renewables, connectivity, mining, agriculture, information technology, construction, human resource development and export and strategic investments,” Farooq said.

“Concerted efforts are underway to close the deals that have remained under discussion in recent years, while identifying new areas of cooperation.”

It was as part of such efforts that Prince Faisal visited Pakistan, the ambassador added, accompanied by a team of top officials across Saudi ministries. 

“The size and rank of the visiting delegation showed the keenness with which the Kingdom is pursuing economic engagement plans with Pakistan,” Farooq said. 

Among key highlights of the visit, apart from bilateral meetings between the economic teams, was a special interactive session organized by the newly established Special Investment Facilitation Council (SIFC), set up last year to oversee all foreign investments in Pakistan. 

“Several short, medium, and long-term projects were discussed in the dedicated sector-wise breakout sessions,” the envoy said. “The Saudi delegation was also briefed about the specific legal, procedural and administrative reforms undertaken by Pakistan in recent months to attract and facilitate foreign investments in key sectors of the economy.”

'Bedrock of support'

Cash-strapped Pakistan desperately needs to shore up its foreign reserves and signal to the International Monetary Fund (IMF) that it can continue to meet requirements for foreign financing that has been a key demand in previous bailout packages. Pakistan’s finance minister, Muhammad Aurangzeb, is currently in Washington to participate in spring meetings of the International Monetary Fund and World Bank and discuss a new bailout program. A $3 billion ongoing loan deal expires this month.

Saudi Arabia has often come to cash-strapped Pakistan’s aid in the past, regularly providing it oil on deferred payments and offering direct financial support to help stabilize its economy and shore up its forex reserves.

“For Pakistan, Saudi Arabia has remained a bedrock of support,” Farooq told Arab News when asked about cooperation between the two nations.

“The kingdom has always supported Pakistan and provided much needed economic support and assistance. Kingdom has also played a critical role in helping us with international financial institutions.

“Even today, the Kingdom has a central role in the future economic plans of Pakistan. The new government in Pakistan has a strong desire to attract Saudi investment – both from the public and private sectors – to usher in a new era of economic growth and development.”

Farooq said the Saudi leadership was also keen on seizing this opportunity and further enhancing economic, political and security cooperation with Pakistan.

He said there were many areas for future collaboration including energy, renewables, IT, mining, agriculture, construction, and human resource development and export.

Asked about how investment between the two nations could be further enhanced, Farooq said Pakistan had created SIFC to act as a one window operation to facilitate Saudi and other foreign investments. 

“It is tailor made for this purpose,” he added. “We are developing a lot of projects across all sectors of the economy in which the Saudi public and private sector can invest. 

The Kingdom has shown great keenness and desire to work with Pakistan and realize these projects. I am confident that we will soon see a lot of investment going from Saudi Arabia into Pakistan.”


Saudi deputy defence minister arrives in Pakistan to finalize bilateral security projects 

Updated 17 April 2024
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Saudi deputy defence minister arrives in Pakistan to finalize bilateral security projects 

  • Al-Otaibi’s visit comes after Saudi foreign minister was in Islamabad on two-day visit to discuss investments 
  • Pakistan maintains close military ties and provides extensive arms and training to Saudi armed forces 

ISLAMABAD: Saudi Assistant Defence Minister Talal Bin Abdullah Bin Turki Al-Otaibi is in Pakistan on a two-day visit to finalize defense-related bilateral projects, the Pakistani defence ministry said in a statement on Wednesday. 

Al-Otaibi’s visit comes on the heels of a two-day visit to Islamabad by Saudi Foreign Minister Faisal bin Farhan Al Saud, aimed at enhancing bilateral economic cooperation and pushing forward previously agreed investment deals.

“Saudi Assistant Defense Minister arrived in Pakistan on a two-day visit,” a Pakistani defence ministry statement said, adding that bilateral projects in defence-related fields would be finalized during the visit. 

Photos and videos released by the defence ministry showed Al-Otaibi arriving in Pakistan on Tuesday night and being received by Pakistani military and government officials and Saudi diplomats, including the ambassador to Islamabad. 

Pakistan maintains close military ties with Saudi Arabia, providing extensive support, arms, and training to the Saudi armed forces. 

Since the 1970s, Pakistani soldiers have been stationed in Saudi Arabia to protect the Kingdom and Pakistan has also been providing training to Saudi soldiers and pilots. The two nations also regularly carry out multidimensional joint ventures and defence exercises. 


Saudi Arabia to host Islamic Development Bank Group annual meetings and golden jubilee

Updated 17 April 2024
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Saudi Arabia to host Islamic Development Bank Group annual meetings and golden jubilee

  • As the bank celebrates its 50th anniversary, the meetings will have the theme ‘Taking Pride in Our Past and Shaping Our Future: Authenticity, Solidarity and Prosperity’

RIYADH: Saudi Arabia will host the annual meetings and golden jubilee celebrations of the Islamic Development Bank Group in Riyadh between April 27 and 30, under the patronage of King Salman.

This year’s meetings will take place under the theme “Taking Pride in Our Past and Shaping Our Future: Authenticity, Solidarity and Prosperity,” the Saudi Press Agency reported.

The bank describes itself as a pivotal platform for development dialogue, and said it is celebrating 50 years of fostering social and economic growth among its members. As a leading multilateral development bank, it said it expects the event to attract significant international and regional attention.

Participants will include economic, planning and finance ministers from the 57 member countries of the bank, along with representatives of international and regional financial agencies and organizations, Islamic banks, the private sector, development finance institutions, nongovernmental organizations, and chambers of commerce and industry.

Organizers said the annual gathering serves as a vital forum for the enhancement of economic ties and expansion of cooperation among participants. Its agenda includes forums, seminars and meetings on a range of topics, with particularly notable events including the Governors’ Round Table, the 18th IDB Global Forum on Islamic Finance, and the IDB Group Private Sector Forum.

Topics for discussion will include the role of small and medium enterprises in Saudi Arabia’s Vision 2030 development and diversification agenda, strategies for the financing of efforts to achieve Sustainable Development Goals, the leveraging of Islamic finance for the development of resilient infrastructure, and the establishment of the Arab Coordination Group Forum.

The Future Vision Symposium and the General Assembly of the Union of Consultants in Islamic Countries will also take place during the event.


Saudi foreign minister and Pakistan army chief discuss security and strategic cooperation

Updated 17 April 2024
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Saudi foreign minister and Pakistan army chief discuss security and strategic cooperation

  • Prince Faisal arrived in Pakistan on Monday for a two-day official visit, the main aim of which was to enhance economic cooperation

ISLAMABAD: Saudi Arabia’s foreign minister, Prince Faisal bin Farhan, held talks in Islamabad on Tuesday with the chief of staff of the Pakistan Army, Gen. Asim Munir.

They discussed ways to enhance the “strong cooperation” between their nations in several fields, including ways to work together to improve security and strategic cooperation in ways that contribute to international peace and security.

Prince Faisal arrived in Pakistan on Monday for a two-day official visit, the main aim of which was to enhance economic cooperation. He also met President Asif Ali Zardari, Prime Minister Shehbaz Sharif and Foreign Minister Ishaq Dar.

The prince was leading a high-level Saudi delegation that included Minister of Environment, Water and Agriculture Abdul Rahman Al-Fadhli, Minister of Industry and Mineral Resources Bandar Al-Khorayef, and senior officials from the ministries of energy and investment, and the Public Investment Fund.


Saudi crown prince discusses military escalation in the region with UAE president, Qatar emir

Updated 17 April 2024
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Saudi crown prince discusses military escalation in the region with UAE president, Qatar emir

RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman received two separate calls from UAE president Mohammed bin Zayed Al Nahyan and Qatar’s emir Tamim bin Hamad Al Thani, the Saudi Press Agency said early Wednesday.

The calls discussed the recent military escalation in the region and its repercussions on safety and security, in addition to the latest developments in Gaza.

They also underscored the importance of exerting efforts to prevent the situation from worsening and to spare the region the dangers of this escalation, the SPA added.