$400 billion in opportunities, armaments and investment opportunities between Saudi Arabia and US: Saudi crown prince

Saudi Crown Prince says he loves working with the US president and that a lot has been achieved in the Middle East due to their partnership. (AFP/File)
Updated 06 October 2018
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$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

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.”


Saudi authorities foil attempted smuggling of $2m worth of Captagon pills

Updated 7 sec ago
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Saudi authorities foil attempted smuggling of $2m worth of Captagon pills

  • Customs Authority also discovers 403,124 Pregabalin, 1,990 Tramadol unlicensed, prescription-only pills

JEDDAH: Saudi Arabia’s counter-narcotics authorities on Sunday foiled attempts to smuggle $2 million worth of Captagon drugs and nearly half a million unlicensed Pregabalin and Tramadol pills.

The Zakat, Tax and Customs Authority said in a statement that it had seized the illegal drugs and unlicensed pills at King Abdulaziz International Airport in Jeddah; the inland Dry Port in Riyadh; and Al-Batha Port.

Authorities at the airport in Jeddah found 200,000 Captagon pills hidden in mail parcels containing household utensils. The drugs have a street value ranging from $2 million to $5 million. 

Captagon, a type of amphetamine, is used by young men and teenage boys across the Middle East and has a street value of between $10 and $25 a pill, according to research by the International Journal of Addiction Research.

The attempt to smuggle Captagon into the Kingdom was the second in less than a week. Counter-narcotics authorities uncovered a shipment of 12 million amphetamine pills on Wednesday at the Red Sea port of Jeddah which had been hidden inside a container of building materials.

The authorities also thwarted the smuggling of 403,124 unlicensed Pregabalin pills at the inland Dry Port near Riyadh. Pregabalin is a prescription-only drug for anxiety, epilepsy, and nerve pain treatment, but its abuse has led to several deaths in Saudi Arabia, the UAE and Jordan. In countries such as the UK it is illegal to buy or possess Pregabalin without a medical prescription.  

An attempt to smuggle 1,990 unlicensed Tramadol pills — a prescription-only painkiller — and 500 grams of Shabu was thwarted at Al-Batha Port. The Customs Authority said the Shabu was found hidden in a shipment of washing machines.

The Customs Authority and the General Directorate of Narcotics Control have announced the arrest of 10 people in connection with the drug smuggling cases.


Saudi FM arrives in Rio de Janeiro ahead of G20 Summit

Saudi Foreign Minister Prince Faisal bin Farhan is leading the Kingdom’s delegation to this year’s G20 summit. (File/AFP)
Updated 17 November 2024
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Saudi FM arrives in Rio de Janeiro ahead of G20 Summit

  • Prince Faisal is leading the Kingdom’s delegation to the summit on behalf of Crown Prince Mohammed bin Salman
  • The summit is due to take place on Monday and Tuesday

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan arrived in Rio de Janeiro on Sunday ahead of this year’s G20 Summit, Saudi Press Agency reported.

Prince Faisal is leading the Kingdom’s delegation to the summit on behalf of Crown Prince Mohammed bin Salman. The summit is due to take place on Monday and Tuesday.

The Kingdom’s delegation will participate in a number of meetings which will discuss international political and economic developments and address enhancing multilateral action to achieve global prosperity, SPA said.


Misk Global Forum 2024 set to start in Riyadh

The eighth edition of the Misk Global Forum is set to take place at Mohammed bin Salman Nonprofit City on Nov. 18-19.
Updated 17 November 2024
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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

People mourn Palestinians killed in an Israeli strike, at Nasser hospital in Khan Younis in the southern Gaza Strip, November 17
Updated 17 November 2024
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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

Updated 17 November 2024
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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.