Saudi Industry and Mineral Resources Minister discusses Vision 2030 at Arab News Japan event

Saudi Industry and Mineral Resources Minister discusses Vision 2030 at Arab News Japan event
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Saudi Arabia's Industry and Mineral Resources Minister Bandar AlKhorayef joined Arab News Editor in Chief Faisal J. Abbas for a fireside chat on Dec. 18. (ANJ Photo)
Saudi Industry and Mineral Resources Minister discusses Vision 2030 at Arab News Japan event
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Saudi Arabia's Industry and Mineral Resources Minister Bandar AlKhorayef joined Arab News Editor in Chief Faisal J. Abbas for a fireside chat on Dec. 18. (ANJ Photo)
Saudi Industry and Mineral Resources Minister discusses Vision 2030 at Arab News Japan event
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The fire side chat was open to a Q&A by leading Japanese media outlets such as The Nikkei Shimbun, NHK, Jiji Press, Kyodo News and Mainichi Shimbun. (ANJ Photo)
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Updated 18 December 2023
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Saudi Industry and Mineral Resources Minister discusses Vision 2030 at Arab News Japan event

Saudi Industry and Mineral Resources Minister discusses Vision 2030 at Arab News Japan event
  • Bandar AlKhorayef highlighted the transformation Saudi Arabia went through in recent years

TOKYO: Bandar AlKhorayef, Saudi Minister of Industry and Mineral Resources, participated in an Arab News Japan Fireside chat event on Dec. 18 in Tokyo.

Speaking to Arab News’ Editor in Chief, Faisal J. Abbas, at the Foreign Correspondents’ Club of Japan (FCCJ), where Arab News Japan first launched four years ago, AlKhorayef began his talk by highlighting the transformation Saudi Arabia went through in recent years and giving an outline of what the Kingdom’s Vision 2030 is set to achieve, which he says is one of the main purposes of his Tokyo visit.

“The visit is really focusing on explaining what we are doing in Saudi (Arabia) and getting our partners in Japan interested, and also how to be a part of what is going on.”




Saudi Arabia's Minister of Industry and Mineral Resources Bandar AlKhorayef. (ANJ Photo)

“On the mining side, it has been very clear for us that the stress and the demand on minerals will be increasing. And for countries who are looking for ways to secure their supply of different minerals, we created what we called: The Future Minerals Forum, an annual forum that takes place in Saudi Arabia,” he added.

AlKhorayef explained that while Saudi Arabia is still “under explored,” the most recent estimates of existing mineral resources the Kingdom currently posses stand at $1.3 trillion. The figures are to be updated in January, but the minerals include phosphates, zinc, aluminum and fertilizers.

“The other part is manufacturing. Saudi Arabia has been a manufacturing country for more than 50 years. We are huge producer of chemicals, but we are trying to do is bring up manufacturing to be more be more complex to enter more value added products,” he added.

The minister elaborated on the 12 target sectors that the Kingdom aimed to target. He also had a message to Japanese car manufacturers in response to a question on the rising market share of Electric Vehicles (EVs) and Chinese brands in the Saudi market, which was historically a Japanese stronghold.

“The perception of Japanese manufacturing and Japanese companies and brands is very highly perceived. But we all know sometimes thing, and certain events happen and they change the dynamics of the market,” he explained.

“That is why I tell the large brands in Saudi Arabia, especially Toyota and Hyundai, if you don’t protect your market share, you will definitely lose it.”

Asked about security threats in the Middle East, and how it impacts plans to further develop industry and attract investors in Saudi Arabia, Minister AlKhorayef said “the region is definitely a big region, and it is important to understand it has different components.”

“Saudi Arabia has been in this region, and with conflicts going up or down, it still survives because there is a fundamental reason for that. The stability we have in Saudi Arabia is genuine, because it is based on a great relation between the people and the leaders,” he said.

“Secondly, Saudi Arabia I would argue is the number one country that has showed great progress in investing its oil returns into society,” he elaborated adding that this is “because our leadership is keen on creating a strong country, strong societies and strong people.”

The fire side chat was open to a Q&A by leading Japanese media outlets such as The Nikkei Shimbun, NHK, Jiji Press, Kyodo News and Mainichi Shimbun.


Saudi Arabia highlights military growth at Airshow China

Saudi Arabia highlights military growth at Airshow China
Updated 46 min 46 sec ago
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Saudi Arabia highlights military growth at Airshow China

Saudi Arabia highlights military growth at Airshow China
  • Kingdom’s defense industry aims to forge global partnerships at Zhuhai event
  • Defense sector is projected to contribute $17 billion to the Saudi economy by 2030

RIYADH: Military products and the achievements of both government bodies and national companies are highlighted at the Saudi pavilion at this year’s China International Aviation and Aerospace Exhibition.

Airshow China 2024, one of the world’s largest aviation expos, started in Zhuhai on Tuesday and will run until Nov. 17.

The Saudi pavilion features military products, particularly in aviation, and turns the spotlight on national companies that work in military industries. It also underscores efforts to boost national manufacturing capabilities and the aim of localizing over 50 percent of government spending on military equipment and services by 2030.

Launching events at the pavilion was the governor of the General Authority for Military Industries, Ahmad Al-Ohali, who was joined by Chief of Staff Lt. Gen. Fayyad Al-Ruwaili and the Saudi ambassador to China, Abdulrahman Al-Harbi. Other officials, international investors and aviation and aerospace decision-makers were also present.

Al-Ohali said: “This strategic participation, occurring for the first time in China, aims to enhance the Kingdom’s global presence in the military industries sector and to solidify its position as one of the fastest-growing economies among the G20 nations.

“Our participation also seeks to establish fruitful international partnerships to empower and develop the military industries sector, while also promoting the Kingdom’s message of welcoming investors from around the world. Additionally, it aims to highlight the key objectives of Saudi Vision 2030 within the military sector.”

The defense sector is projected to contribute $17 billion to the Saudi economy by 2030, with a $9 billion addition to non-oil revenues. This will generate 100,000 direct and indirect jobs by the end of the decade.

The Saudi pavilion features government bodies such as the Ministry of Investment and the General Authority for Defense Development, as well as public national companies such as the National Company for Mechanical Systems, Saudi Wakeb Company for Artificial Intelligence and Autonomous Systems, Milestone Aviation, and Homat Al-Watan Co.

The General Authority for Military Industries works closely with partners and government bodies to empower national and international companies in the military industry, enhance the defense sector’s potential, and create investment opportunities.

It also focuses on localizing cutting-edge aerospace technologies to support Saudi economic growth and strengthen defense and security independence.


‘Greening Arabia’ offers pioneering forum for a sustainable future

‘Greening Arabia’ offers pioneering forum for a sustainable future
Updated 12 November 2024
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‘Greening Arabia’ offers pioneering forum for a sustainable future

‘Greening Arabia’ offers pioneering forum for a sustainable future
  • The event promises to be a vibrant hub of innovation and collaboration

RIYADH: As Saudi Arabia prepares to host the 16th Conference of the Parties to the UN Convention to Combat Desertification, it is also taking significant strides toward environmental stewardship.
The National Center for Vegetation Cover Development and Combating Desertification is organizing the International Exhibition and Forum on Afforestation Technologies’ second annual “Greening Arabia” event, which will run from Dec. 2-13.
The event promises to be a vibrant hub of innovation and collaboration, featuring participation from government bodies, private enterprises, non-profit organizations, and leading experts from around the globe.
Attendees will include prominent local and international companies specializing in cutting-edge afforestation technologies, making it a unique opportunity to explore the latest advancements in combating desertification and drought.
IEFAT is a pivotal platform for discovering new environmental, economic, and knowledge-based opportunities.
The forum fosters strategic partnerships that can drive impactful change by bringing together diverse stakeholders — from environmental and renewable energy industries to sustainable enterprises and non-profits.
“Greening Arabia” aims to harness advanced technologies to enhance afforestation in arid environments and rehabilitate degraded lands.
The event will encourage participation in the Saudi Green Initiative, empowering local and international communities to embrace afforestation as a vital practice. It will also showcase innovative tools and methodologies, giving specialized companies the chance to present their groundbreaking products and projects.
Participants will engage in discussions on best practices in environmental economics, creating a shared vision for a sustainable future. The forum will identify investment opportunities in greening technologies and vegetation cover.
The COP16 president, Saudi Arabia’s Minister of Environment, Water, and Agriculture Abdulrahman Al-Fadley, said: “This is a pivotal moment for our planet. Land restoration is vital to securing a prosperous future for generations to come.”
He made his statement at the “Road to Riyadh” event on the sidelines of the UN General Assembly on Sept. 27.
“It is crucial the international community unites to deliver ambitious and lasting solutions that curb land degradation, combat drought, and promote the sustainable use of natural resources,” added Al-Fadley.
He noted that Saudi Arabia’s hosting of COP16 reflects its commitment to both domestic and international environmental preservation and restoration, highlighting the Saudi Green Initiative, the Middle East Green Initiative, and the G20 Global Land Initiative.


Desert convoy event brings Saudi traditions to life in Makkah

Desert convoy event brings Saudi traditions to life in Makkah
Updated 12 November 2024
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Desert convoy event brings Saudi traditions to life in Makkah

Desert convoy event brings Saudi traditions to life in Makkah

Jeddah: An event in Makkah showcasing the history of long-distance desert travel has been hailed by visitors for highlighting an important part of Arabian history.

The Al-Qafila (Arabic for “convoy”) event was held at the Hira Cultural District, and included live performances showcasing the area’s historical depth and folk heritage.

It highlighted the use of convoys throughout Saudi history. The mode of travel was once crucial for inter-country transportation and trade, offering safety and protection from hazards and harsh climates.

Part of the Autumn Vacation series, the event also outlined the national importance of camels in Arabian history.

Camels symbolized wealth, generosity and power, playing a vital role in daily, economic and social life while representing the resilience of Arabs in desert regions.

The Hira Cultural District provides a diverse range of cultural, historical and recreational experiences for all segments of society.

The Autumn Vacation events will run until Nov. 16, blending culture and entertainment in unique ways. Highlights include equestrian displays, caravans, parades, the Light Theater, the Revelation Exhibition, the Challenge Field, the Sniper Experience and various competitions with prizes.

Located near the famous Jabal Al-Noor, the Hira Cultural District is a major landmark in Makkah, and attracts tourists from around the world.


Rare desert reptile found in Saudi Arabia’s Northern Borders

Rare desert reptile found in Saudi Arabia’s Northern Borders
Updated 12 November 2024
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Rare desert reptile found in Saudi Arabia’s Northern Borders

Rare desert reptile found in Saudi Arabia’s Northern Borders
  • Rare lizard species known as Savigny’s agama (Trapelus savignii) was spotted

RIYADH: A rare species of lizard known as Savigny’s agama (Trapelus savignii) has been spotted in Saudi Arabia’s Northern Borders region, state news agency SPA reported on Tuesday.

It is thought the lizard, notable for its striking coloration, has appeared in the Arar desert due to the abundance of plants and natural reserves in the area.

Saudi Arabia’s Northern Borders region is distinguished by its diverse ecosystems due to its vast size and unique geography, resulting in rich biodiversity and natural resources essential for ecological balance, especially among its varied wildlife.

Adnan Khalifta, a member of the Aman Environmental Society and a wildlife enthusiast, explained that this lizard is one of the rare and limited species in the Northern Borders region.

He said the medium-sized lizard has a flat body, broad triangular head, and relatively long tail, covered with large spiky scales on its back and head. It is active during the day.

He added the lizards feed on insects and invertebrates, living in rocky areas and gravel plains where it is well adapted.

To escape the desert heat, it climbs desert shrubs and rocks.

Its coloration generally blends with the sandy surroundings, but males display a striking blue along the head, neck, and sides during mating season to attract females, while females lack this coloration.


Arab and Muslim leaders reaffirm support for Palestinian cause at end of Riyadh summit

Arab and Muslim leaders reaffirm support for Palestinian cause at end of Riyadh summit
Updated 12 November 2024
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Arab and Muslim leaders reaffirm support for Palestinian cause at end of Riyadh summit

Arab and Muslim leaders reaffirm support for Palestinian cause at end of Riyadh summit
  • Leaders reiterate their backing for the Palestinian people and the fight for their legitimate rights
  • These include right to freedom and an independent sovereign state with East Jerusalem as capital

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan said holding the extraordinary Arab and Islamic summit in Riyadh reflects the sincere desire of its participants to continue efforts aimed at ending Israel’s wars in Gaza and Lebanon.

Bin Farhan reiterated during the summit's press conference how the leaders of Arab and Muslim countries called for ending Israeli violations, and easing restrictions on the delivery of humanitarian aid, the Saudi Press Agency reported Tuesday. 

He also reiterated that the summit supports the two-state solution as the only option to achieve a just and lasting peace to resolve the Israeli–Palestinian conflict.

Bin Farhan said the participating countries will coordinate with the international community to achieve a ceasefire and limit the expansion of the conflict, and reduce the growing threat posed by Israeli military operations to regional and international security.

Leaders of Arab and Muslim countries who attended an extraordinary summit in Riyadh on Monday issued a closing statement in which they affirmed the importance of the Palestinian cause, and their firm support for the Palestinian people and their efforts to achieve their legitimate and inalienable national rights.

These rights include the right to freedom, the leaders said, the right to an independent and sovereign state with East Jerusalem as its capital, the right of return for refugees, the right to the compensation to which they are due in accordance with international resolutions, and the right to challenge any attempts to deny or undermine these rights.

The leaders also reaffirmed their support for the full sovereignty of the State of Palestine over occupied East Jerusalem. They said Jerusalem remains a red line for Arab and Muslim nations, and expressed absolute solidarity in protecting the Arab and Islamic identity of occupied East Jerusalem and defending the sanctity of Islamic and Christian holy sites there.

They also affirmed their absolute support for Lebanon, including its security, stability, sovereignty and the safety of its citizens.