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Saudi crown prince’s South Korea visit heralds ‘a new, future-oriented strategic partnership’

South Korea's Prime Minister Han Duck-soo welcomes Saudi Crown Prince Mohammed bin Salman in Seoul on Nov. 17, 2022. (SPA)
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Updated 21 November 2022
Arab News
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Saudi crown prince’s South Korea visit heralds ‘a new, future-oriented strategic partnership’

  • President Yoon Suk-yeol said the Kingdom is one of the key companions of Seoul’s economic and energy security 
  • The delegation signed 26 memoranda of understanding worth $30 billion, covering everything from railways to energy
Updated 21 November 2022
Arab News

RIYADH: Saudi Arabia’s Crown Prince Mohammed bin Salman concluded his official visit to South Korea on Thursday, having secured multiple trade deals and reaffirmed the long-standing relationship between both countries.

A number of officials, including Saudi Energy Minister Abdulaziz bin Salman and Interior Minister Prince Abdulaziz bin Saud bin Naif, accompanied the crown prince on his two-day visit, which followed his attendance at the G20 Summit in Bali, Indonesia.

The crown prince held a number of meetings with South Korean government officials and business leaders, resulting in 26 memoranda of understanding worth $30 billion, covering railways, construction, petrochemicals, agriculture and energy.

 

During a meeting on Thursday with Yoon Suk-yeol, the president of South Korea, the crown prince thanked his hosts for their “warm reception and hospitality,” and lauded the success of the 60-year diplomatic relationship.

The crown prince said: “This visit to your friendly country coincides with the passage of 60 years since the establishment of relations between the Kingdom of Saudi Arabia and the Republic of Korea, which confirms the desire of our two countries to continue to consolidate the foundations of this historical relationship and work to complete efforts aimed at strengthening cooperation in all fields.

“The relationship between the Kingdom of Saudi Arabia and the Republic of Korea has witnessed great development over the past six decades, resulting in a fruitful strategic partnership for the two countries. 

“In order to preserve the gains of this relationship, we have always been keen to intensify consultation and coordination with your friendly country in order to achieve ambitious economic aspirations and build a better future for the region and the world in particular.”

SAUDI-SOUTH KOREATIES: KEY DATES

1962: Establishment of diplomatic relations.

1973: South Korea opens its embassy in Saudi Arabia. 

1974: Saudi Arabia opens its embassy in South Korea. 

1975: Saudi-South Korean Joint Committee established.

1998: Crown Prince Abdullah’s three-day visit to South Korea aimed at strengthening ties.

1999: Prince Salman’s four-day visit to South Korea to boost bilateral relations.

2016: Crown Prince Mohammed bin Salman and then-President Park Geun-hye hold talks on the sidelines of G20 Leaders’ Summit in Hangzhou, China. 

2017: Saudi-Korean Vision 2030 launched. 

2019: Crown prince visits South Korea at the invitation of then-President Moon Jae-in.

Jan. 2022: Moon Jae-in visits Saudi Arabia.  

Jan. 2022: PIF, POSCO and Samsung C&T sign MoU on the sidelines of Saudi-South Korean Investment Forum in Riyadh to develop a green hydrogen project. 

Nov. 2022: Crown Prince Mohammed bin Salman visits Seoul. 

As a part of the official visit, a Saudi Korean Investment Forum was hosted in Seoul by the Saudi Ministry of Investment on Thursday. The meeting was supported and attended by leading members of the Saudi Federation of Chambers and the Korean Chambers of Commerce and Industry.

Among those in attendance were Khalid Al-Falih, the Saudi minister of investment; Faisal Al-Ibrahim, Saudi minister of economy and planning; Lee Chang-yang, South Korea’s minister of trade, industry and energy; and officials of related government entities and leading private sector companies from both countries.

The main presentation and discussion topics was energy and sustainability, with a panel session on “Future Clean Energy.” The forum also discussed Saudi Arabia’s economic diversification, localization and privatization efforts as well as manufacturing.




Saudi Crown Prince meets with a group of heads of Korean companies, reviews promising investment opportunities in various fields. (SPA)

In 2017, the two countries launched the Saudi-Korean Vision 2030, forming a joint committee of representatives from relevant government agencies to review the partnership, approve projects, and implement plans.

Vision 2030 is Saudi Arabia’s social reform and economic diversification agenda, launched in 2016 to help wean the Kingdom’s economy off hydrocarbons and to promote youth and women’s participation in new sectors, from leisure and tourism to renewable energy.

South Korea is among eight countries cooperating with the Kingdom to help achieve the aims of Vision 2030, working on 40 shared projects and initiatives.

The crown prince added: “In light of the great challenges our world is witnessing today, and in this regard we refer to the close cooperation within the framework of the Saudi-Korean Vision 2030, and we praise what has been achieved during it.

“We also follow with great interest the achievements of the joint committees between our two countries, and we look forward to raising the pace of investment coordination and strengthening partnership between the public and private sectors.”




Saudi Crown Prince Mohammed bin Salman and S. Korea's President Yoon Suk-yeol and their delegations meeting in Seoul on Nov. 17, 2022. (Bandar Algaloud/via SPA)

During the session, the crown prince said he is eager to deepen cooperation on hydrogen energy, carbon capture technology, and nuclear power.

He said: “I reiterate our thanks and appreciation to Your Excellency for your keenness to advance the relationship between the two friendly countries.”

In his own speech during the session, Yoon shared his enthusiasm to raise bilateral relations to a new level, commended the implementation of the Kingdom’s Vision 2030 reform plan, and said he is looking forward to expanding and developing cooperation and investment. 

These areas of cooperation include defense industries, future energy, such as hydrogen, culture, tourism, and megaprojects like NEOM.

NEOM is a $500 billion venture initiated in 2017, which aims to develop sustainable smart cities covering 26,500 sq. km in Saudi Arabia’s northwestern Tabuk Province near the Red Sea. 




Among the areas of cooperation in NEOM include production of clean energy, such as solar, wind and hydrogen. (Supplied/file photo)

Yoon said Saudi Arabia is South Korea’s largest trading partner in the Middle East and is one of the key companions of Seoul’s economic and energy security.

In a tweet following their meeting, Yoon said: “Pleased to have had a milestone discussion today. Let’s keep working together to build a new future-oriented strategic partnership.”

The last time the crown prince visited Seoul was in 2019. The crown prince also met Yoon’s predecessor, former President Moon Jae-in, when he visited Saudi Arabia in January this year.

Touching down at Seoul Air Base on Wednesday, the crown prince was received by Han Duck-soo, the prime minister of South Korea. An official reception ceremony was held, during which the Saudi and South Korean anthems were played, and a guard of honor was inspected. 




Crown Prince Mohammed bin Salman walks with South Korea's President Yoon Suk-yeol during a welcome ceremony in Seoul on Nov. 17, 2022. (Bandar Algaloud/Saudi Royal Court photo via SPA)

During talks, the crown prince and Han reviewed relations, prospects for bilateral cooperation, and ways to develop and enhance it in various fields. 

On Thursday, the crown prince also met a group of Korean business leaders to discuss promising investment opportunities in the Kingdom in various sectors, especially energy, technology, industry, construction, and smart cities. 

The markets reacted well to the crown prince’s visit, with the stock prices of Korean businesses in various sectors enjoying an upward trend during Thursday’s trading, reflecting buoyed expectations for bilateral business and construction partnerships with Saudi Arabia.  

As Saudi Arabia is actively forming business partnerships with Korean companies as part of its NEOM megaproject, multiple Korean companies saw their stock prices rise.  




Members of the crown prince’s accompanying delegation in Seoul. Twenty-six MoUs were signed between the two sides during the visit. (AFP)

Hyundai Rotem, a heavy industry company that manufactures rolling stock, military equipment and plant engineering, saw its stock price rise by 5.45 percent at Thursday’s closing, after announcing the same day that it signed a memorandum with Saudi Arabia’s Ministry of Investment on railway cooperation.

The stock price of Bifido, Korea’s pharmabiotics microbiome company, also rose by 8.03 percent after signing a memorandum with a Saudi Arabian biopharma company to cooperate on producing probiotics. 

EuBiologics, another biopharmaceutical company, also saw its stock price rise by 0.85 with the firm agreeing to share vaccine technologies with a Saudi pharmaceutical firm. BMT, a piping and valve company, likewise saw its stock price rise by 1.91 percent as it announced a cooperative deal with Saudi Arabia to produce fitting valves.

Also on Thursday, a delegation from the Center for Government Communication of the Saudi Ministry of Media paid a visit to the headquarters of The Korea Times newspaper, where it discussed opportunities for cooperation and partnership, in addition to reviewing the most prominent experiences and expertise in the field of media and publishing. 

As he departed Seoul on Thursday evening, the crown prince sent a cable of thanks to President Yoon.

He said: “As I leave your friendly country, it gives me great pleasure to express to Your Excellency my deep gratitude and appreciation for the good reception and generous hospitality accorded to me and the accompanying delegation.

“The discussions we held confirmed the strength of the relations between the two countries, and the common desire to enhance cooperation in all fields within the framework of the Saudi-Korean Vision 2030, and in a way that serves the interest of the two friendly peoples, under the leadership of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al-Saud and Your Excellency.

“I wish Your Excellency good health and happiness, and to your country and the friendly Korean people continued progress and prosperity.”

 

Topics: CP in South Korea Editor’s Choice President Yoon Suk-yeol Vision 2030

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Manmohan Singh, India’s reluctant prime minister, dies aged 92

Updated 26 December 2024
Reuters
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Manmohan Singh, India’s reluctant prime minister, dies aged 92

  • The first Sikh in office, 92-year-old Singh was being treated for age-related medical conditions
  • He is credited with steering India to unprecedented economic growth, lifting millions out of poverty
Updated 26 December 2024
Reuters

NEW DELHI: Described as a “reluctant king” in his first stint as prime minister, the quietly spoken Manmohan Singh was arguably one of India’s most successful leaders.
The first Sikh in office, Singh, 92, was being treated for age-related medical conditions and died after he was brought to hospital after a sudden loss of consciousness on Thursday.
He is credited with steering India to unprecedented economic growth and lifting hundreds of millions out of dire poverty. He went on to serve a rare second term.
Prime Minister Narendra Modi said: “India mourns the loss of one of its most distinguished leaders, Dr. Manmohan Singh Ji.”
He applauded the economist-turned-politician’s body of work.
Born into a poor family in a part of British-ruled India now in Pakistan, Singh studied by candlelight to win a place at Cambridge University before heading to Oxford, earning a doctorate with a thesis on the role of exports and free trade in India’s economy.
He became a respected economist, then India’s central bank governor and a government adviser but had no apparent plans for a political career when he was suddenly tapped to become finance minister in 1991.
During that tenure to 1996, Singh was the architect of reforms that saved India’s economy from a severe balance of payments crisis, promoted deregulation and other measures that opened an insular country to the world.
Famously quoting Victor Hugo in his maiden budget speech, he said: “No power on earth can stop an idea whose time has come,” before adding: “The emergence of India as a major economic power in the world happens to be one such idea.”
Singh’s ascension to prime minister in 2004 was even more unexpected.
He was asked to take on the job by Sonia Gandhi, who led the center-left Congress party to a surprise victory. Italian by birth, she feared her ancestry would be used by Hindu-nationalist opponents to attack the government if she were to lead the country.
Riding an unprecedented period of economic growth, Singh’s government shared the spoils of the country’s new found wealth, introducing welfare schemes such as a jobs program for the rural poor.
In 2008, his government also clinched a landmark deal that permitted peaceful trade in nuclear energy with the United States for the first time in three decades, paving the way for strong relations between New Delhi and Washington.
But his efforts to further open up the Indian economy were frequently frustrated by political wrangling within his own party and demands made by coalition partners.
“HISTORY WILL BE KINDER TO ME”
And while he was widely respected by other world leaders, at home Singh always had to fend off the perception that Sonia Gandhi was the real power in the government.
The widow of former prime minister Rajiv Gandhi, whose family has dominated Indian politics since independence from Britain in 1947, she remained Congress party leader and often made key decisions.
Known for his simple lifestyle and with a reputation for honesty, Singh was not personally seen as corrupt. But he came under attack for failing to crack down on members of his government as a series of scandals erupted in his second term, triggering mass protests.
The latter years of his premiership saw India’s growth story, which he had helped engineer, wobble as global economic turbulence and slow government decision-making battered investment sentiment.
In 2012, his government was tipped into a minority after the Congress party’s biggest ally quit their coalition in protest at the entry of foreign supermarkets.
Two years later Congress was decisively swept aside by the Bharatiya Janata Party under Narendra Modi, a strongman who promised to end the economic standstill, clean up graft and bring inclusive growth to the hinterlands.
But at a press conference just months before he left office, Singh insisted he had done the best he could.
“I honestly believe that history will be kinder to me than the contemporary media or, for that matter, the opposition parties in parliament,” he said.
Singh is survived by his wife and three daughters.

Topics: Manmohan Singh

UN calls for investigation into Pakistan’s alleged air strikes on Afghanistan border

Updated 26 December 2024
AFP
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UN calls for investigation into Pakistan’s alleged air strikes on Afghanistan border

  • UN mission in Afghanistan says dozens of civilians killed in airstrikes this week by Pakistan in Paktika province
  • Islamabad accuses Kabul of harboring militant fighters, allowing them to strike on Pakistani soil with impunity
Updated 26 December 2024
AFP

KABUL: The UN mission to Afghanistan on Thursday called for an investigation into Pakistani air strikes in Afghanistan, in which the Taliban government said 46 people were killed, including civilians.
The United Nations Assistance Mission in Afghanistan (UNAMA) said it had “received credible reports that dozens of civilians, including women and children, were killed in airstrikes by Pakistan’s military forces in Paktika province, Afghanistan, on 24 December.”
“International law obliges military forces to take necessary precautions to prevent civilian harm,” the agency said in a statement, adding an “investigation is needed to ensure accountability.”
The Taliban government said the 46 deceased were mainly women and children, with another six wounded, mostly children.
An AFP journalist saw several wounded children in a hospital in the provincial capital Sharan, including one receiving an IV and another with a bandaged head.
A Pakistan security official told AFP on Wednesday the bombardment had targeted “terrorist hideouts” and killed at least 20 militants, saying claims that “civilians are being harmed are baseless and misleading.”
On a press trip to the area organized by Taliban authorities, AFP journalists saw four mud brick buildings reduced to rubble in three sites around 20-30 kilometers (10-20 miles) from the Pakistan border.
AFP spoke to multiple residents who said the strikes hit in the late evening, breaking doors and windows in villages and destroying homes and an Islamic school.
Several residents reported pulling bodies from the rubble after strikes targeted houses, killing multiple members of the same families.
Afghanistan’s Minister of Borders and Tribal Affairs Noorullah Noori called the attack “a brutal, arrogant invasion.”
“This is unacceptable and won’t be left unanswered,” he said during the site visit.
Pakistani foreign ministry spokesperson Mumtaz Zahra Baloch did not confirm the strikes but told a media briefing on Thursday: “Our security personnel conduct operations in border areas to protect Pakistani from terror groups, including TTP.”
She was referring to the Tehreek-e-Taliban Pakistan (TTP) — Pakistan’s homegrown Taliban group which shares a common ideology with its Afghan counterpart.
The TTP last week claimed a raid on an army outpost near the border with Afghanistan in which Pakistan said 16 soldiers were killed.
Baloch said Pakistan prioritized dialogue with Afghanistan, and that Islamabad’s special envoy, Sadiq Khan, was in Kabul meeting with officials where “matters of security” and “terror groups including TTP” were discussed.
The strikes were the latest spike in hostilities on the frontier between Afghanistan and Pakistan, with border tensions between the two countries escalating since the Taliban government seized power in 2021.
Islamabad has accused Kabul’s authorities of harboring militant fighters, allowing them to strike on Pakistani soil with impunity — allegations Kabul denies.

Topics: Pakistan Afghanistan Tehreek-e-Taliban Pakistan (TTP)

Asian countries mark 20 years since the world’s deadliest tsunami

Updated 26 December 2024
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Asian countries mark 20 years since the world’s deadliest tsunami

  • Indonesia launched its early tsunami warning system in the aftermath of the 2004 disasters
  • Its westernmost Aceh province was the hardest-hit, with some 170,000 people killed
Updated 26 December 2024
Sheany Yasuko Lai

JAKARTA: Herman Wiharta began that Sunday morning like many 11-year-olds would on a weekend: watching cartoon shows on TV.

But at around 8 a.m., he felt the powerful tremors from a 9.1-magnitude earthquake that struck off the coast of Indonesia’s Sumatra island, which then triggered the tsunami that inundated the coastline of more than a dozen countries and killed some 230,000 people.

Wiharta, now 31, recalled his brother calling out to him to leave their house in Banda Aceh minutes after the quake and how they had attempted to run to safety. He remembered hearing people scream about the rising sea water before he himself was swept away by a giant wave.

“I lost consciousness when the wave hit me and I woke up on a roof, confused. Thankfully, my brother and sister were also on that roof,” he told Arab News.

“We were able to see just how black the water was from that spot, how strong the currents were. The water was about 4 to 5 meters high; cars and motorbikes were floating, and I could see bodies being swept away by the currents, too. It was terrifying.”

The tsunami on Dec. 26, 2004 quickly escalated into a global disaster, with some 1.7 million displaced.

The brunt of the tsunami was felt in Indonesia, where almost 170,000 people perished. The country’s westernmost province of Aceh was the hardest-hit of all, while Sri Lanka, India and Thailand were among the worst-affected countries.

“It was impossible to sleep that night. We could still hear people screaming for help and the dogs were howling. Everything was just so eerie. The disasters happened so quickly, but they were deeply traumatizing,” Wiharta said.

“It was even worse the day after. We could see bloated human and animal corpses, and the smell was just terrible. I can still picture that scene in my mind to this day.”

Across Asia on Thursday, people attended ceremonies and memorials held to mark 20 years since the deadliest tsunami in recorded history.

Coastal communities were united in grief as they also commemorated how far they had come after two decades of rebuilding and regrouping.

In Sri Lanka, where more than 35,000 people were killed, survivors and relatives gathered in the coastal village of Peraliya to remember the 1,000 victims who died when waves derailed a passenger train.

In Thailand, where half of the death toll of 5,000 were foreign tourists, commemorations were held in Ban Nam Khem, the country’s worst-hit village. People laid flowers and wreaths at a wall curved in the shape of a tsunami, which also bears plaques with the names of the victims.

In India, where around 20,000 people perished, women led the rituals held at Pattinapakkam beach in Chennai, where they lit candles and offered flowers for the victims.

In Banda Aceh city, an official ceremony held at the Baiturrahman Grand Mosque began with a three-minute-long siren at the exact time the major earthquake caused giant waves. People also gathered for prayers at the city’s mass graves — Ulee Lheue and Siron — where thousands of unidentified and unclaimed tsunami victims are buried.

In the years since, infrastructure across Aceh has been rebuilt and is now stronger to withstand major disasters. Early warning systems have also been set up in areas closer to shores, to warn residents of a potential tsunami.

Indonesia’s early tsunami warning system was launched only in 2008 in the aftermath of the disasters, said Daryono, the head of the earthquake and tsunami center at Indonesia’s meteorology, climatology and geophysical agency.

“Before the 2004 Aceh earthquake and tsunami … there were too many people who did not understand the threat, or the danger and risks of a tsunami,” Daryono told Arab News.

“But what happened in 2004 became a starting point to raise awareness on earthquake and tsunami mitigation and also to develop high-tech monitoring for earthquakes and early tsunami warning systems.”

Yet Aceh resident Wiharta was concerned with the direction of development in the province, particularly on the beaches of Aceh Besar district where many new cafes have been popping up in recent years.

“It’s important not to cut down the trees for the sake of building these cafes. It’s better to plant more trees, especially mangroves, so that they can help defend against potential tsunamis,” he said.

“I think the early warning systems also need to be fixed or reset to make sure that they are properly working for early evacuations, since many are either broken or stolen.”

Topics: earthquake Banda Aceh

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Record number of migrants lost at sea bound for Spain in 2024: NGO

Updated 26 December 2024
AFP
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Record number of migrants lost at sea bound for Spain in 2024: NGO

  • The vast majority of the fatalities — 9,757 — took place on the Atlantic migration route from Africa to Spain’s Canary Islands
Updated 26 December 2024
AFP

MADRID: At least 10,457 migrants died or disappeared while trying to reach Spain by sea in 2024, an NGO said Thursday, more than 50 percent more than last year and the most since it began keeping a tally in 2007.
The 58-percent increase includes 1,538 children and 421 women, migrants rights group Caminando Fronteras or Walking Borders said in a report which covers the period from January 1 to December 5, 2024.
It amounts to an average of 30 deaths per day, up from around 18 in 2023.
The group compiles its data from hotlines set up for migrants on vessels in trouble to call for help, families of migrants who went missing and from official rescue statistics.
It blamed the use of flimsy boats and increasingly dangerous routes as well as the insufficient capacity of maritime rescue services for the surge in deaths.
“These figures are evidence of a profound failure of rescue and protection systems. More than 10,400 people dead or missing in a single year is an unacceptable tragedy,” the group’s founder, Helena Maleno, said in a statement.
The victims were from 28 nations, mostly in Africa, but also from Iraq and Pakistan.
The vast majority of the fatalities — 9,757 — took place on the Atlantic migration route from Africa to Spain’s Canary Islands, which has received a record number of migrants for the second year in a row.
Seven migrant boats landed in the archipelago on Wednesday, Christmas Day, Spain’s maritime rescue service said on social media site X.
At their closest point, the Canaries lie 100 kilometers (62 miles) off the coast of North Africa. The shortest route is between the coastal town of Tarfaya in southern Morocco and the island of Fuerteventura in the Canaries.
But the Atlantic route to the Canary Islands is particularly dangerous because of strong currents.
Along with Italy and Greece, Spain is one of the three major European gateways for migrant arrivals.
According to the interior ministry, 60,216 migrants entered Spain irregularly between January 1 and December 15 — a 14.5 percent increase over the same time last year.
The majority, over 70 percent, landed in the Canaries.

Topics: Spain

Pope Francis opens special ‘Holy Door’ for Catholic Jubilee at Rome prison

Updated 26 December 2024
Reuters
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Pope Francis opens special ‘Holy Door’ for Catholic Jubilee at Rome prison

  • Francis opened the Catholic Holy Year, also known as a Jubilee, on Tuesday
  • A Catholic Jubilee is considered a time of peace, forgiveness and pardon
Updated 26 December 2024
Reuters

ROME: Pope Francis made a visit on Thursday to one of the largest prison complexes in Italy, opening a special “Holy Door” for the 2025 Catholic Holy Year, in what the Vatican said was the first such action by a Catholic pontiff.
Speaking to hundreds of inmates, guards and staff at the Rebibbia prison on the outskirts of Rome, Francis said he wanted to open the door, part of the prison chapel, and one of only five that will be open during the Holy Year, to show that “hope does not disappoint.”
“In bad moments, we can all think that everything is over,” said the pontiff. “Do not lose hope. This is the message I wanted to give you. Do not lose hope.”
Francis opened the Catholic Holy Year, also known as a Jubilee, on Tuesday. A Catholic Jubilee is considered a time of peace, forgiveness and pardon. This Jubilee, dedicated to the theme of hope, will run through Jan. 6, 2026.
Holy Years normally occur every 25 years, and usually involve the opening in Rome of four special “Holy Doors,” which symbolize the door of salvation for Catholics. The doors, located at the papal basilicas in Rome, are only open during Jubilee years.
The Vatican said the opening of the “Holy Door” at Rome’s Rebibbia prison was the first time such a door had been opened by a pope at a prison since the start of the Jubilee year tradition by Pope Boniface VIII in 1300.
Francis has shown special attention for the incarcerated over his 11-year papacy. He often visits prisons in Rome and on his foreign trips.

Topics: Pope Francis

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