Maldives president receives Saudi fund chief

Sultan Al-Marshad congratulated the president on the 60th anniversary of his country’s independence. (Supplied)
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Updated 26 July 2025
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Maldives president receives Saudi fund chief

  • The meeting highlighted the Saudi fund’s “development efforts that span nearly 47 years and explored ways to enhance development cooperation between both sides”

MALDIVES: Saudi Fund for Development CEO Sultan Al-Marshad was received by President of the Maldives Mohamed Muizzu in the Maldives.

Al-Marshad congratulated the president on the 60th anniversary of his country’s independence, the Saudi fund wrote in a post on X.

The meeting highlighted the Saudi fund’s “development efforts that span nearly 47 years and explored ways to enhance development cooperation between both sides.”

 


The founding economy: A blueprint for stability in the First Saudi State

Updated 23 February 2026
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The founding economy: A blueprint for stability in the First Saudi State

  • The establishment of the First Saudi State created a secure environment that facilitated the arrival of caravans, secured vast trade routes, and revived commerce across the Arabian Peninsula

RIYADH: The economy during the founding stage of the First Saudi State served as a fundamental pillar in building the nation, consolidating its influence, and ensuring its stability. This early economic growth was inextricably linked to achieving security, unifying regions, and organizing society—factors that directly stimulated trade, stabilized markets, and enhanced the foundations of daily life in Diriyah and its surrounding areas.
According to Dr. Abdullah Al-Saleh Al-Othaimeen's "Diriyah: Origins and Development during the First Saudi State," published by the King Abdulaziz Foundation for Research and Archives (Darah), the founding economy stands as a historical model reflecting the reciprocal relationship between political stability and early economic prosperity.

Beyond its political and intellectual prominence, Diriyah emerged as a vibrant economic hub. (SPA)

The establishment of the First Saudi State created a secure environment that facilitated the arrival of caravans, secured vast trade routes, and revived commerce across the Arabian Peninsula.
Beyond its political and intellectual prominence, Diriyah emerged as a vibrant economic hub. Its active markets attracted merchants and students from across the region, all of whom benefited from the state-provided stability. The local society relied on diverse activities for its livelihood, including trade, agriculture, and livestock breeding, with horses and camels playing crucial roles in transportation, commerce, and securing roads.
The social and administrative organization upon which the state was founded ensured the continuous availability of goods and sustained market stability. Ultimately, the close relationship between public security and economic growth during this founding phase solidified Diriyah's position as a premier political and commercial center in the Arabian Peninsula.