Saudi energy minister visits Gwadar oil refinery site

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Saudi Arabia’s Minister of Energy Khalid A Al-Falih is received by Pakistan Petroleum Minister Ghulam Sarwar Khan and Port and Shipping minister Ali Zaidi. (Twitter photo)
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Pakistani Finance Minister Asad Umar told Karachi Chamber of Commerce and Industry that Khalid Al-Falih, Saudi Arabia’s minister of energy, and the chairman of the board of Saudi Aramco, arrived in Pakistan on Saturday, Jan. 12, 2019. (AN photo)
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Pakistan and Saudi officials discuss prospects of oil refinery and development of Gwadar in a meeting held in Gwadar. (Twitter photo)
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Pakistan’s minister of Port and Shipping, Syed Ali Haider Zaidi, takes selfie with Saudi minister of energy, Khalid A Al-Falih. (Photo Courtesy: BoI)
Updated 13 January 2019
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Saudi energy minister visits Gwadar oil refinery site

  • Pakistan, Saudi Arabia in talks over oil refinery in Balochistan’s Gwadar district
  • MoU to be signed during visit of Saudi crown prince next month

KARACHI: Saudi Arabia’s Minister of Energy and the Chairman of the Board of Saudi Aramco, Eng. Khalid A Al-Falih, on Saturday visited the port city of Gwadar to witness development work and the area allocated for a multibillion oil refinery.

Pakistan and Saudi Arabia are in talks over an agreement to install the Saudi Aramco Oil Refinery in Balochistan’s Gwadar district. 

Last year, the Saudis also offered Pakistan a $6-billion rescue package to help shore up the economy. 

The Saudi delegation was received by Pakistan petroleum minister Ghulam Sarwar Khan, port and shippings minister Syed Ali Haider Zaidi and Baluchistan information minister Zahoor Buledi.

“Pakistan and Saudi Arabia are the two sound foundations of peace and stability”, Khalid A Al-Falih, said while speaking to media in Gwadar.

Al Falih said bilateral relations between Pakistan and Saudi Arabia are very strong and Saudia Arabai would "play its role for the development and prosperity of Pakistan."

“The Saudi delegation led by Al Falih has come to see the area allocated for the oil refinery in Gwadar. Soon a state of the art oil refinery would be set up in Gwadar”, Ghulam Sarwar said, according to a statement issued by the ministry of petroleum.

The petroleum minister said he hoped that a memorandum of understanding about the oil refinery would be signed between the two governments during the expected visit of Saudi Crown Prince Muhammad Bin Salman next month: “This would be the biggest investment of Saudi Arabia in Pakistan."

The government of Pakistan has already given approval for the MoU.

The visiting Saudi delegation was briefed by the chairman of Gwadar Development Authority, Dostain Jamaldini, about the development of the country’s deep sea port being constructed with the help of China.

Earlier, Pakistan’s Finance minister had said that the Saudi Arabia’s Minister of Energy and the Chairman of the Board of Saudi Aramco, had arrived in Pakistan to meet with officials and new investments would be announced as the "next step."

Umar was speaking at the Karachi Chamber of Commerce and Industry and called the Saudi minister the "world’s most powerful minister of energy."

“In the next step, the announcement of investment will be made,” Umar said. “The bilateral support our country has received from friendly countries in last five months has never happened in our history."

Saudi Aramco will construct the petrochemical complex which will house the multibillion oil refinery. 

“Overall directions of agreement (MoU) have been agreed upon and the agreement will be signed at the appropriate time,” Haroon Sharif, Chairman of Pakistan Board of Investment, had recently told Arab News.

“I am expecting around $15 billion investment from Saudi Arabia in the next three years. The inflow of investments for the oil refinery and petrochemical complex in Pakistan is estimated to be between $6 billion to $10 billion,” Sharif said.

Pakistan is hoping to attract more than $40 billion foreign direct investment in the next five years, he said. 

“We estimate that roughly around $40 billion investment will be made by these three countries (Saudi Arabia, the UAE, and China) during the next three to five years,” Sharif added.


AlUla’s vision based on strong partnerships, holistic development, says royal commission official

Updated 24 January 2025
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AlUla’s vision based on strong partnerships, holistic development, says royal commission official

  • Ben Hudson highlights pacts with global investors and nations
  • Plan includes $31.9bn contribution to Kingdom’s GDP by 2035

DAVOS: Taking a socially and economically responsible approach to development and working closely with committed partners is the key to fulfilling AlUla’s potential.

This is according to the Royal Commission for AlUla’s Chief Development and Construction Officer Ben Hudson, who spoke to Arab News at the World Economic Forum in Davos this week.

Hudson also emphasized the commission’s commitment to cultural preservation in transforming AlUla into a global destination.

Hudson underscored the RCU’s alignment with Saudi Arabia’s Vision 2030 reform program. “(The) RCU is unlocking AlUla’s economic, investment, and touristic potential through comprehensive regeneration, integrated partnerships, and inclusive sustainable development.”

Highlighting the AlUla Sustainability Charter as a blueprint for the organization’s initiatives, he said the RCU was also focused on revitalizing the built environment, community empowerment, and light-touch tourism.

Citing the example of the Dar Tantora The House Hotel, he said this was tangible proof of its plan in action, where the blending of traditional materials with local expertise has created new socio-economic opportunities while preserving the cultural heritage of the area.

Hudson was keen to highlight the RCU’s plans to contribute SR120 billion ($31.9 billion) to Saudi Arabia’s gross domestic product by 2035, driven by sustainable tourism and investment.

Ben Hudson, Royal Commission for AlUla’s Chief Development and Construction Officer. (Supplied)

In Davos, Hudson said the RCU was looking to foster global partnerships to accelerate AlUla’s regeneration.

“We are building on AlUla’s position as an ancient crossroad of civilizations, transforming AlUla into the world’s largest living museum, and a place for our community to thrive, (and this) can only be achieved when we work together,” he said.

“Our first strategic partnership was established with France, almost at RCU’s inception. Since then, we’ve grown our network, establishing partnerships with China, Italy, the UK, and world-class partners from the US, among others.

“We continue to make progress in evolving our partnership portfolio by working with UNESCO, the International Union for Conservation of Nature, the World Bank, and many others,” he said.

These collaborations enable billions of dollars in private sector investment across hospitality, real estate, cultural conservation, and infrastructure.

Hudson emphasized the importance of co-investment, inviting partners to join in developing key infrastructure, such as power and water, and creating vibrant public spaces. “This gives our partners confidence and provides a platform for sustained engagement, be it with our community or across the business landscape,” he said.

Preserving AlUla’s rich cultural heritage remains central to the RCU’s mission. Hudson described the area as a “hidden gem,” now revealed to the world, with strategies in place to balance conservation with growth.

Collaboration with organizations including the International Council on Monuments and Sites has enabled the creation of Heritage Impact Assessments to protect cultural areas while facilitating new construction, he said.

“Our goals are shaped by community feedback, from the people who stand to benefit the most, whose culture and heritage make AlUla what it is,” he explained.

The RCU’s short-term goals focus on making AlUla a livable destination that embodies the Quality-of-Life Program of Vision 2030, by attracting investment, enhancing infrastructure, and creating opportunities for local and global stakeholders.

Looking to the future, Hudson said the RCU’s commitment was to “creating a destination built around a vibrant culture and ancient heritage —somewhere to live, work, invest, and grow.”


AlUla strengthens global presence with LeBron James, UIM E1 World Championship

Updated 24 January 2025
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AlUla strengthens global presence with LeBron James, UIM E1 World Championship

  • Team AlUla championed by LeBron James will take part in the UIM E1 World Championship presented by PIF
  • Title partnership centers around AlUla’s ambition as a premier sports and adventure hub, dedication to supporting high-profile international events

ALULA: AlUla has strengthened its global sporting presence with LeBron James launching a new team in the UIM E1 World Championship presented by the Saudi sovereign wealth fund PIF in the world’s first all-electric race boat championship.

Named after the ancient oasis city in northwestern Saudi Arabia, Team AlUla Championed by LeBron James will compete in the 2025 E1 season, beginning with the E1 Jeddah GP on Jan. 24-25, and will be piloted by talented racers Rusty Wyatt and Catie Munnings.

The partnership centers around AlUla’s ambition as a premier sports and adventure hub, and its dedication to supporting high-profile competitions and sportspeople across the world, a press release issued on Friday said.

Central to AlUla’s development as a destination is the enrichment of its local community — a commitment that closely aligns with LeBron James’ philanthropic efforts in his hometown of Akron, Ohio.

The E1 all-electric race boat series is also in line with AlUla’s commitment to sustainability and comprehensive regeneration, evident in the city’s approach to holistic tourism, which manages visitor numbers, boosts environmental awareness and engages the community in conservation.

Core to its strategy is the AlUla Sustainability Charter, which guarantees the preservation of the natural and historical integrity of the area amid ongoing development.

This commitment is highlighted by initiatives such as designating 50 percent of AlUla as nature reserve and investing in eco-friendly infrastructure.

Rami AlMoallim, vice president of destination management and marketing at the Royal Commission for AlUla, said: “Our partnership with E1 and LeBron James marks a significant moment for AlUla, built on a shared commitment to conservation and community, spanning our desert landscapes to the world’s seas.”

“This collaboration highlights the deep interconnectedness of our environments and the power we all have to make a change. As a champion of regeneration and wildlife conservation, AlUla sees electric boat racing as an opportunity to redefine the future of sports and innovation and we are thrilled to be part of such a visionary partnership,” AlMoallim said.

As a growing heritage luxury boutique destination, and home to Hegra, Saudi Arabia’s first UNESCO World Heritage Site, AlUla has become known for blending history with innovation as it champions world-class home-grown sporting events such as Richard Mille AlUla Desert Polo, AlUla Trail Race, AlUla Tour and more.

Through AlUla’s partnership, Team AlUla Championed by LeBron James will visit iconic host cities such as Doha, Monaco and Miami, reinforcing its status as a premier global destination.


Saudi authorities foil attempt to smuggle $35m worth of captagon pills

Updated 24 January 2025
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Saudi authorities foil attempt to smuggle $35m worth of captagon pills

RIYADH: The Saudi Zakat, Tax and Customs Authority has thwarted an attempt to smuggle over 1.4 million captagon pills into the Kingdom through the Jeddah Islamic Port.

According to the authority, the pills were found inside a shipment during customs procedures and live detection.

 

 

Coordination with the General Directorate of Narcotics Control led to the arrest of the intended recipients of the seized items in the Kingdom.

Captagon, a type of amphetamine, is used predominantly 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 Kingdom vs Captagon
Inside Saudi Arabia's war against the drug destroying lives across the Arab world
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Saudi Arabia to host regular World Economic Forum event in the Kingdom

Updated 24 January 2025
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Saudi Arabia to host regular World Economic Forum event in the Kingdom

DAVOS: Saudi Arabia announced a regular world economic global forum in the Kingdom said the country’s minister of economy Faisal Alibrahim in Davos on Friday. 

Alibrahim said the decision was based on the success of the forum held for the first time last year. 

Saudi Arabia hosted its first two-day WEF special meeting on April 28-29, 2024.

The meeting focused on global collaboration, growth and energy.

At the time of last year’s event Alibrahim said that the forum had recognised that the Kingdom was “becoming a stronger, more impactful leader on the global stage,” and he added: “we found it as an opportune time to bring this global Tier 1 event to the kingdom, and start this new chapter together.”

Saudi Arabia is already the birthplace of the Future Investment Initiative, which holds its annual conference in the Kingdom.


Saudi foreign minister in Damascus to discuss Kingdom’s support for Syrian transition

Updated 6 min 1 sec ago
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Saudi foreign minister in Damascus to discuss Kingdom’s support for Syrian transition

RIYADH: Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan arrived in Syria on Friday, in an official visit foreign ministry said in a statement.

Prince Faisal will meet with Syria’s de facto leader Ahmed Al-Sharaa and meet with top officials in the new Syrian administration.