Britain, Saudi Arabia target $90bn trade, investment opportunities

Updated 23 April 2018
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Britain, Saudi Arabia target $90bn trade, investment opportunities

  • A number of other commercial initiatives have been lined up within the framework of the newly created UK-Saudi Strategic Partnership Council
  • Collis said that the two countries are witnessing a surge in trade

RIYADH: Saudi Arabia and Great Britain have set out a new vision of their bilateral relationship, with an ambitious target of achieving $90 billion in trade and investment opportunities in the coming years, said Simon Collis, British ambassador to the Kingdom. 

A number of other commercial initiatives have been lined up within the framework of the newly created UK-Saudi Strategic Partnership Council following the visit of Crown Prince Mohammed bin Salman to Britain.

Close on the wheels is a high-profile meeting of Saudi and British tech entrepreneurs on April 24 in London, which will further boost ties. These remarks were made by Collis, who inaugurated the Lulu British festival in Riyadh on Sunday. 

The festival aims to mark the deeper ties between the two countries which will run until April 28. It will serve as a platform to promote the best of British brands among the local as well as expatriate communities in Saudi Arabia.

Collis said that the two countries are witnessing a surge in trade, especially in exports of “fresh products from Britain.” 

He pointed out that the strategic council will serve as a key mechanism for discussing and developing all aspects of the bilateral relationship, including UK support for Vision 2030; on security, defense and international humanitarian assistance; and on regional and international issues. 

Both countries committed to a detailed plan to deliver this agenda with further meetings in 2018, he added.

The Saudi British Joint Business Council is also hosting the ambitious partnership forum to bring together some 100 Saudi and British small-to-medium enterprises, investors, business incubators and supporting organizations in the smart cities and e-commerce sectors in London on April 24. 

The forum is being held at Level39 in Canary Wharf, Europe’s leading center for finance, cybersecurity and smart-city technology businesses.


Saudi Arabia’s King Salman receives written message from Senegal president

Message was received by the Kingdom’s Foreign Minister Prince Faisal bin Farhan during a meeting with Gen. Birame Diop.
Updated 5 sec ago
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Saudi Arabia’s King Salman receives written message from Senegal president

  • The message related to Saudi-Senegalese relations, and was received by the Kingdom’s Foreign Minister Prince Faisal bin Farhan

RIYADH: Saudi Arabia’s King Salman received a written message from the President of Senegal Bassirou Diomaye Faye, the Saudi Press Agency reported on Thursday.

The message related to Saudi-Senegalese relations, and was received by the Kingdom’s Foreign Minister Prince Faisal bin Farhan during a meeting with Senegal’s Minister of Armed Forces Gen. Birame Diop in Riyadh.

During the meeting, Prince Faisal and Diop discussed topics of common interest and ways to enhance relations between their countries.


Eastern Region’s green initiative shows remarkable progress

Updated 09 January 2025
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Eastern Region’s green initiative shows remarkable progress

  • Initiative has focused on introducing climate-appropriate trees and flowers
  • Eastern Province Municipality emphasized the project’s collaborative nature

DAMMAM: Significant strides were made by the Eastern Province Municipality last year in its efforts towards vegetation expansion and anti-desertification.

The initiative, designed to counter industrial pollution, improve air quality and move towards environmental sustainability, has focused on introducing climate-appropriate trees and flowers while adhering to scientific afforestation guidelines and controls.

Throughout the year, the municipality launched 87 initiatives involving more than 1,200 volunteers across 60 parks. This included the Dammam Corniche waterfront and its walking trails where some 680,000 trees and shrubs were planted, complemented by 7.7 million flowers, expanding green coverage by 205,000 sq. meters.

Work was also carried out to rehabilitate streets and other spaces, while technical upgrades included maintenance work on 200 pumps and the installation of irrigation networks covering 30 km of streets.

There was also progress for the park investment program, with four parks already under investment management and 400 more designated for future opportunities.

The municipality emphasized the project’s collaborative nature, highlighting the active participation of community members, government bodies and the private sector companies. Its inclusive approach aims to cultivate a lasting environmental consciousness and ensure sustainability practices are passed down to future generations.


Riyadh to host second edition of Model of Care Forum

Updated 09 January 2025
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Riyadh to host second edition of Model of Care Forum

  • Forum aims to introduce the Saudi healthcare model locally and internationally, highlight success stories, and outline future goals and ambitions
  • Forum represents the second phase in a four-part strategic process in the healthcare sector’s transformation

RIYADH: Riyadh will host the second edition of the Model of Care Forum under the patronage of Minister of Health Fahad Al-Jalajel.

Organised by the Health Holding Co. on Jan. 28-29, the forum will be held at Malfa Hall in Prince Mohammed bin Salman Nonprofit City.

The forum aims to introduce the Saudi healthcare model locally and internationally, highlight success stories, and outline future goals and ambitions in line with the Saudi Vision 2030.

It also promotes partnership in healthcare among individuals and their families by taking necessary measures to maintain their health, ensuring the provision of healthcare that meets societal needs according to the highest quality standards.

The forum represents the second phase in a four-part strategic process in the healthcare sector’s transformation, aimed at developing the healthcare model in the Kingdom.

The Health Holding Co. is playing a key role in enabling healthcare delivery through 20 health clusters across Saudi Arabia.


Directorate imposes new exit visa requirement

Updated 09 January 2025
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Directorate imposes new exit visa requirement

  • Directorate addressed employers, stating that if a resident identity is valid for fewer than 30 days, the final exit visa may not be issued
  • Resident identity must be renewed for the issuance of the final exit visa

RIYADH: The Saudi General Directorate of Passports has said that resident identities must be valid for at least 30 days when applying for a final exit visa.

The directorate addressed employers, stating that if a resident identity is valid for fewer than 30 days, the final exit visa may not be issued. In that case, the resident identity must be renewed for the issuance of the final exit visa.

It noted that if a resident identity is valid for more than 30 days and fewer than 60 days, a final exit visa may be issued for the resident identity’s remaining period.

If the resident identity is valid for 60 days or more, the final exit visa may be issued for 60 days only.

The directorate noted that employers may issue final exit visas for their sponsored workers or affiliated family members through the Ministry of Interior’s Absher Business platform, and the Muqeem portal.


Saudi king and crown prince congratulate Joseph Aoun on being elected president of Lebanon

Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman. (File/SPA)
Updated 09 January 2025
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Saudi king and crown prince congratulate Joseph Aoun on being elected president of Lebanon

  • In a congratulatory cable, King Salman wished Aoun success and the Lebanese people further progress and prosperity

RIYADH: Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman congratulated Joseph Aoun on being elected president of Lebanon on Thursday.

In a congratulatory cable, King Salman wished Aoun success and the Lebanese people further progress and prosperity.The crown prince sent a similar cable.

Lebanon’s parliament voted Thursday to elect the country’s army commander, Joseph Aoun, as head of state, filling a more than two-year-long presidential vacuum.

Thursday’s session was the 13th attempt to elect a successor to Michel Aoun, whose term ended in October 2022.