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Saudi Arabia Committed to Supporting Development, Food Security

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan. (File photo: Reuters)
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan. (File photo: Reuters)
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Saudi Arabia Committed to Supporting Development, Food Security

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan. (File photo: Reuters)
Saudi Minister of Foreign Affairs Prince Faisal bin Farhan. (File photo: Reuters)

Saudi Arabia stressed on Friday the significance of advancing future cooperation to achieve collective prosperity.

The Kingdom affirmed its commitment to cooperating with international partners to achieve the UN Sustainable Development Goals (SDGs) by 2030 and intensify global efforts to enhance food and energy security amid recurring crises and supply-chain issues.

Saudi Arabia is keen to develop future cooperation with the BRICS group to achieve collective prosperity, said Saudi Minister of Foreign Affairs Prince Faisal bin Farhan at the ministerial meeting of Friends of BRICS in South Africa’s Cape Town

He added that the Kingdom aims to advance cooperation with BRICS by benefiting from the capabilities that the Kingdom and BRICS countries possess.

“The Kingdom remains the BRICS group’s largest commercial partner in the Middle East. The total value of bilateral trade with the countries of the BRICS group increased from $81 billion in 2017 to $128 billion in 2021 and exceeded $160 billion in 2022,” he revealed.

Saudi Arabia shares basic values with the BRICS countries such as that relations between countries are based on the principles of respect for sovereignty, non-interference, and adherence to international law, the existence of multilateral frameworks, and collective action as reference points to face common challenges, he went on to say.

Prince Faisal reiterated the Kingdom’s commitment to work with international partners to achieve the UN SDGs by 2030.

The Kingdom is also committed to intensifying global efforts to enhance food and energy security amid recurring crises and supply-chain issues, the FM said, noting that Saudi Arabia plays a significant role in the field of humanitarian and development aid and is among the top ten donors to low- and middle-income countries.

The Saudi delegation in Cape Town included the Undersecretary of the Saudi Ministry of Foreign Affairs for Multilateral Affairs Dr. Abdulrahman Al-Rassi and the Ambassador of the Custodian of the Two Holy Mosques to the Republic of South Africa, Sultan al-Anqari.

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Honda and Nissan Reportedly Consider Mutual Production of Vehicles

FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo
FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo
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Honda and Nissan Reportedly Consider Mutual Production of Vehicles

FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo
FILE PHOTO: A Honda logo is seen during the New York International Auto Show, in Manhattan, New York City, US, April 5, 2023. REUTERS/David 'Dee' Delgado/File Photo/File Photo

Honda and Nissan are considering producing vehicles in one another's factories as part of their plan to deepen ties and potentially merge, Japan's Kyodo news agency said on Saturday.
Honda will consider supplying hybrid vehicles to Nissan as part of the plan, the report said, without citing the source of the information.
A merger of Honda, Japan's second-largest car company, and Nissan, its third-largest, would create the world's third-largest auto group by vehicle sales, behind Toyota and Volkswagen, making 7.4 million vehicles a year, Reuters said.
The two automakers forged a strategic partnership in March to cooperate in electric vehicle development, but Nissan has faced financial and strategic troubles in recent months.
As announced, Honda, "Nissan and Mitsubishi Motors are in the process of bringing together our strengths and exploring potential forms of cooperation, but nothing has been decided yet,” a Honda spokesperson said, when asked about the report.
Nissan declined to comment, saying the details of the report were not based on a company announcement. Nissan is the top shareholder in Mitsubishi Motors.
Kyodo said Honda could use Nissan's car factory in Britain, as it now only has factories for engines and motorcycles in Europe.
The move comes amid concerns over how president-elect Donald Trump's policies may shake up manufacturing with his promises of protectionist trade policies, the report said.