JEDDAH: Saudi Arabia’s crown prince said relations with the US are still strong despite comments by Donald Trump that the Kingdom must pay for American military support.
Crown Prince Mohammed bin Salman said: “Actually we will pay nothing for our security.” The Kingdom pays for all its military equipment from the US, he said: “We believe that all the armaments we have from the United States of America are paid for, it’s not free armament.”
Since the beginning of Saudi-US relations “we’ve bought everything with money,” the crown prince told a group of Bloomberg reporters on Wednesday.
Saudi Arabia changed its military spending strategy after Donald Trump was elected president in 2016, with 60% of spending with the US over a decade, the prince said.
“That’s why we’ve created the $400 billion in opportunities, armaments and investment opportunities, and other trade opportunities,” which Prince Mohammed said was a good achievement for both countries.
The various deals, which were signed in 2017 when President Trump made Saudi Arabia his first overseas visit, means that “part of these armaments will be manufactured in Saudi Arabia, so it will create jobs in America and Saudi Arabia, good trade, good benefits for both countries and also good economic growth. Plus, it will help our security,” he said.
“I love working with him. I really like working with him and we have achieved a lot in the Middle East, especially against extremism, extremist ideologies, terrorism and Daesh,” said the crown prince.
President Trump and King Salman launched a global counter terror center in Riyadh during his visit to the country.
Prince Mohammed visited Washington in March where the president hailed the links between the two allies. “The relationship is probably the strongest it’s ever been,” Trump said at a joint press conference.
“We have huge investments between both countries. We have good improvement in our trade – a lot of achievements, so this is really great,” the prince said on Wednesday.
The US-Saudi efforts, along with global partners, have pushed back extremists and terrorists and countered Iran’s “negative moves in the Middle East in a good way,” he told the publication.
On the topic of controlling oil prices, the crown prince said the Kingdom has never “decided that this is the right or wrong oil price. The oil price depends on trade – consumer and supplier – and they decide the oil price based on trade and supply and demand.
What we are committed in Saudi Arabia is to make sure there is no shortage of supply. So we work with our allies in OPEC and also non-OPEC countries to be sure that we have a sustainable supply of oil and there is no shortage and that there is good demand, that it will not create problems for the consumers and their plans and development,” he said.
Prince Mohammed confirmed that Trump did make a request to Saudi Arabia and OPEC to replace whatever may be lost of supply from Iran. “And that happened. Because recently, Iran reduced their exports by 700,000 barrels a day, if I’m not mistaken. And Saudi Arabia and OPEC and non-OPEC countries, they’ve produced 1.5 million barrels a day. So we export as much as 2 barrels for any barrel that disappeared from Iran recently. So we did our job and more. We believe the higher price that we have in the last month, it’s not because of Iran. It’s mostly because of things happening in Canada, and Mexico, Libya, Venezuela and other countries that moved the price a little bit higher. But Iran, definitely no. Because they reduced 700,000 barrels and we’ve exported more than 1.5 million barrels a day,” the crown prince said.
When asked about diplomatic issues with Germany and Canada and how that differed from what Trump said, the prince replied: “It’s totally different. Canada, they gave an order to Saudi Arabia on an internal issue. It’s not an opinion of Canada about Saudi Arabia as much as they are giving an order to a different country. So we believe this is a totally different issue. Trump is speaking to his own people inside the United States of America about an issue.”
$400 billion in opportunities, armaments and investment opportunities between Saudi Arabia and US: Saudi crown prince
$400 billion in opportunities, armaments and investment opportunities between Saudi Arabia and US: Saudi crown prince
- We believe that all the armaments we have from the United States of America are paid for, it’s not free armament: crown prince
- We have huge investments between both countries. We have good improvement in our trade – a lot of achievements, so this is really great: MBS
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Misk Global Forum 2024 set to start in Riyadh
- Event seeks to bring together young leaders from Kingdom, around the globe
RIYADH: The eighth edition of the Misk Global Forum is set to take place at Mohammed bin Salman Nonprofit City, otherwise known as Misk City, on Nov. 18-19.
Boasting the theme “By Youth for Youth,” this year’s forum seeks to bring together young leaders from the Kingdom and around the globe, creating a platform for dialogue and collaboration.
The prominent international event will feature more than 150 speakers in over 100 panel discussions, along with 30 interactive workshops.
The event will showcase a roster of high-level figures in its panel discussions, including Badr Al-Badr, the CEO of the Misk Foundation, who is committed to empowering youth through education and innovation.
Abdullah Alswaha, the minister of communications and information technology, will bring his expertise in digital transformation and policymaking to the conversation, emphasizing the role of technology in shaping the future.
In addition, Steve Wozniak, the co-founder of Apple Computer, will share his insights on entrepreneurship and innovation, drawing from his extensive experience in the tech industry.
The leaders will engage in thought-provoking discussions that aim to inspire and equip young minds for the challenges of tomorrow.
Discussions are expected to cover topics such as sustainability, education, innovation, technology, health, culture, and climate change.
The topics will encourage those participating in the event to think creatively and work together on solutions to challenges faced by today’s youngsters.
MGF 2024 invites young people worldwide to come together, share ideas, and explore future possibilities.
The Misk Foundation is a nonprofit organization established in 2011 by Crown Prince Mohammed bin Salman.
Through its various initiatives — including Misk City, Misk Art Institute, Manga Productions, Science Center, and Misk Schools — the foundation aims to foster an environment conducive to creativity and innovation.
Saudi Arabia condemns Israeli strike on UNRWA school in Gaza
- Foreign Ministry said the Kingdom reiterates its “categorical rejection of the Israeli occupation’s continued targeting of civilians and relief agencies”
RIYADH: Saudi Arabia condemned on Sunday an Israeli strike that killed at least 10 Palestinians and wounded at least 20 others on Saturday at a school in Gaza City’s Shati refugee camp currently sheltering displaced families.
The Abu Assi school is run by United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA), the main agency that has been procuring and distributing aid in the Gaza Strip.
The Foreign Ministry said the Kingdom reiterates its “categorical rejection of the Israeli occupation’s continued targeting of civilians and relief and humanitarian agencies amid the silence of the international community.”
It called on the international community to assume its responsibilities towards ongoing Israeli violations that increase the suffering of the Palestinian people and undermine the chances of achieving peace in the region.
Recently passed Israeli laws have effectively banned UNRWA activities in Israel and the the commissioner-general of the agency Philippe Lazzarini has warned that this will leave a vacuum that will cost more Palestinian lives and create further instability in Gaza and the West Bank.
Olive presses in Tabuk process harvest from 1.8 million trees
RIYADH: Olive presses in the Tabuk region are currently processing the harvest from more than 1.8 million olive trees, which yield 94,000 tonnes of olives and more than 12,250 tonnes of olive oil.
The primary olive varieties are Arbequina, Arbosana, nabalie and souri, the Saudi Press Agency reported.
The geography of the Tabuk region and its proximity to a Mediterranean climate, makes it one of the Kingdom’s most important areas for producing various crops.
In addition to olive oil, the region is known for its grapes, apricots, peaches, strawberries, mangoes, oranges and mandarins, with several varieties cultivated to prioritize quality over quantity.
Agriculture is a key economic sector in Saudi Arabia, contributing to self-sufficiency and exports. The government has prioritized the sector by providing farmers with soft loans, agricultural machinery, pumps and other essential equipment.
The regional branch of the Ministry of Environment, Water and Agriculture supports farmers by encouraging the use of advanced agricultural technologies and offering specialized consultations to maximize yields.
It also organizes seasonal agricultural festivals in cities, governorates and centers in the region, timed to coincide with harvest seasons.
The Olive Festival is the region’s premier seasonal event, providing a vital marketing platform for farmers to sell olive products and derivatives.
It is held alongside other events throughout the region, supporting the agricultural community and promoting local produce.
Thai business meets Arab flair in Riyadh
- Fair highlights products, brands aiming to tap into Saudi market
RIYADH: The Thailand International Mega Fair brought Thai businesses in contact with Arab flair in Riyadh.
The three-day event, which concluded on Sunday, showcased Thailand’s presence in the Middle East by featuring innovative Thai products and services across various industries.
Marking a historic collaboration between Thailand and Saudi Arabia, the fair signaled a new era of trade, investment, and cultural exchange.
One of the featured brands was Oud Era, a Thai lifestyle brand offering oud-infused products including perfumes, oils, oud chips, and body care items. Its perfumes incorporate Arabian notes like musk, rose, and amber.
Kasaama Pohsa, chief brand officer at Oud Era, said that the oud is sourced directly from the brand’s agarwood factory, ensuring an entirely in-house production process.
Thailand is recognized as one of the leading exporters of oud, which is valued for its longevity and a scent that intensifies as the wood matures. Pohsa said that her clientele primarily comprises customers from Gulf countries.
Pohsa said: “The reason that we came to this exhibition is because we saw the high potential of the Saudi market. It is a very big market with high purchasing power.”
The fair also showcased fashion brands like Marada Clothing, a label known for its distinctive textiles and bold designs.
Panasan Suksanguan, brand officer of Marada, told Arab News that the brand aims to establish itself in the Middle Eastern market with its unique take on long dresses.
Suksanguan said: “We want to be the first ones from Thailand to be here. Whenever you think about fashion in Thailand, you think of me.”
The event showcased more than 200 brands offering prominent Thai products across sectors including food and beverages, tourism and hospitality, health, automotive parts, smart agriculture, innovation, and fragrances.
It was organized by Index Creative Village in collaboration with the Chamber of Commerce and Board of Trade of Thailand, and Cosmos Events company, with support from the Royal Thai Embassy in Saudi Arabia, and the Tourism Authority of Thailand.
The event attracted thousands of visitors, including specialists and buyers, and helped to create opportunities to connect with industry experts, suppliers, and sector leaders to foster partnerships and support business expansion in the Kingdom.
Visitors also participated in various events, including seminars, discussion panels, and forums, which provided valuable insights into the region’s economic landscape.
New project to plant 90,000 trees in Hali Wildlife Park
RIYADH: The National Center for Vegetation Cover Development and Combating Desertification has launched a project to restore Hali Wildlife Park in Al-Qunfudhah governorate, Makkah region.
Part of the Saudi Green Initiative, the project aims to enhance vegetation cover and promote sustainable environmental goals, according to the Saudi Press Agency.
The initiative involves planting 90,000 native and wild trees, such as vachellia tortilis, tamarix aphylla, vachellia seyal, balanites aegyptiaca, maerua crassifolia, delonix elata, salvadora persica, leptadenia pyrotechnica and acacia nilotica.
The trees will cover approximately 6 million sq. meters, irrigated using water from nearby dams. A 6-kilometer pipeline will be built to channel water from Wadi Hali Dam to the park.
Hali Wildlife Park is known for its scenic landscapes, diverse vegetation and proximity to Wadi Hali Dam, attracting local and international visitors.
The center’s afforestation efforts contribute to creating green spaces, preserving endangered native plants, lowering temperatures, improving air quality, and controlling sand encroachment.
The center is committed to enhancing and managing vegetation sites, protecting natural resources, combating illegal logging, and safeguarding biodiversity, the SPA reported.
