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Riyadh, Washington Bolster Strategic Space Partnership

US and Saudi national flags fly over a main road in Riyadh in 2017. (AFP file photo)
US and Saudi national flags fly over a main road in Riyadh in 2017. (AFP file photo)
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Riyadh, Washington Bolster Strategic Space Partnership

US and Saudi national flags fly over a main road in Riyadh in 2017. (AFP file photo)
US and Saudi national flags fly over a main road in Riyadh in 2017. (AFP file photo)

The Saudi Space Agency said that Saudi Arabia and the United States signed on Tuesday a strategic cooperation agreement focused on the exploration and peaceful utilization of outer space.
The agreement aims to enhance US-Saudi cooperation in the field of space and scientific exploration, increase joint investment in various commercial activities.

“The space sector in the Kingdom receives significant interest, support, and empowerment from the wise leadership, recognizing it as the next trillion-dollar economy and a sector that stimulates innovation and inspires generations," the Agency said in a statement.

"Through its ambitious Saudi Vision 2030, the Kingdom aims to strengthen its position in the world of space and the industry of its technologies,” it stated.
The agreement outlines areas of joint work between the two parties, which include space and earth sciences, aeronautics, space missions, education, and many other areas of mutual interest.
Commenting on this step, the Chairman of the Saudi Space Agency, Abdullah Alswaha, stated that “the agreement represents a turning point in the Kingdom’s journey towards building a strong and prosperous space sector."
The CEO of the Saudi Space Agency, Dr. Mohammed Altamimi, underscored the significance of this strategic partnership in identifying areas of mutual interest and fostering collaborative endeavors.

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Business

Ballard Partners Seeks to Open Legal Office in Saudi Arabia

Brian Ballard, founder and president of the US Ballard Partners (Photography: Abdul Rahman Al-Salem)
Brian Ballard, founder and president of the US Ballard Partners (Photography: Abdul Rahman Al-Salem)
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Ballard Partners Seeks to Open Legal Office in Saudi Arabia

Brian Ballard, founder and president of the US Ballard Partners (Photography: Abdul Rahman Al-Salem)
Brian Ballard, founder and president of the US Ballard Partners (Photography: Abdul Rahman Al-Salem)

Ballard Partners, one of the major law firms in the United States, announced its intention to open its first law office in Riyadh. The US company’s move comes after the Saudi Council of Ministers agreed to allow foreigners to practice the legal profession in the Kingdom.

Brian Ballard, founder and president of Ballard Partners, said in an interview with Asharq Al-Awsat, shortly before his departure from Riyadh, that he received a great welcome from the government, adding that he was excited about the possibility of opening an office in the country.

He revealed that his company has found in Abdullah Al-Meleihi, Chairman of Saudi Excellence Company, a reliable partner through which it will enter the Saudi business environment.

Ballard expressed his astonishment at the outcome of the programs launched by Saudi Crown Prince Mohammed bin Salman, through Vision 2030, which he said revitalized the business environment and attracted international investors.

Asked about the meetings he held in Riyadh, the president of Ballard Partners said that the purpose of his visit was to explore work opportunities in the country, adding that he discussed with Saudi officials means to best serve the customers by opening the firm’s first office in Saudi Arabia.

Ballard noted that he was very impressed by the opportunities offered not only to his company, but also to the clients it represents.

Underlining the importance of the Saudi endeavor to attract foreign legal firms and lawyers, he indicated that the reforms, which have regulated all aspects of business activities in the Kingdom, were very meaningful and transparent to the point that any company can come and find a suitable environment to launch its business.

Ballard stressed that major US law and accounting firms, as well as companies providing professional services, have a prosperous business future in Saudi Arabia, expecting the coming period to witness more American investments in the country.