Saudi Minister of Industry Visits Columbia University, Engages with Saudi and International Students

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visits Columbia University on Wednesday. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visits Columbia University on Wednesday. (SPA)
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Saudi Minister of Industry Visits Columbia University, Engages with Saudi and International Students

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visits Columbia University on Wednesday. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visits Columbia University on Wednesday. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef visited on Wednesday Columbia University in the United State, the oldest university in New York State.

He was briefed on the latest academic programs supporting the industrial and mining sectors and met with faculty members, as well as Saudi, American, and international students from around the world.

During an interactive discussion with academics and students, Alkhorayef discussed Saudi Arabia’s industrial and mining transformation journey, focusing on promising industrial sectors being developed and localized as part of the national industrial strategy.

He emphasized the goals of Vision 2030 to transform the Kingdom into a leading global industrial power by maximizing the economic contribution of the industrial and mining sectors, diversifying income sources, and increasing their contribution to the GDP.

Alkhorayef highlighted the importance of the scholarship program as a vital cultural bridge for fostering civilizational communication among nations.

He stressed that the Kingdom relies on and invests in its citizens to shape the future, citing the Custodian of the Two Holy Mosques' Scholarship Program and the Human Capacity Development Program, both aimed at developing national talents and equipping them with the skills needed to compete globally across various fields.

He noted that the industrial and mineral resources ecosystem is keen on engaging with scholarship students abroad, helping them explore future opportunities in the industrial and mining sectors through various programs and initiatives.

The visit to Columbia University is part of Alkhorayef's ongoing tour of the United States, which runs until September 28 and includes stops in New York, California, and Nevada. The tour aims to boost industrial and mining cooperation, attract quality investments to the Kingdom, and explore mutual opportunities in advanced industrial sectors.



15th Turkish-Arab Economic Cooperation Forum Kicks Off in Istanbul

Aboul Gheit addressing the opening session of the forum (Arab League - X)
Aboul Gheit addressing the opening session of the forum (Arab League - X)
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15th Turkish-Arab Economic Cooperation Forum Kicks Off in Istanbul

Aboul Gheit addressing the opening session of the forum (Arab League - X)
Aboul Gheit addressing the opening session of the forum (Arab League - X)

The Secretary-General of the Arab League, Ahmed Aboul Gheit, stressed the need for Arab-Turkish economic cooperation to extend beyond trade into broader areas that drive sustainable economic development for both sides.

Speaking at the 15th Turkish-Arab Economic Forum in Istanbul, Aboul Gheit emphasized the importance of collaboration in infrastructure, clean energy, green technology, and services such as tourism and fintech. He also highlighted the potential for joint efforts in scientific research and innovation aimed at mutual economic benefit.

Aboul Gheit pointed out the significant growth in trade between the Arab world and Türkiye in recent years. In 2022, Turkish exports to Arab countries amounted to $46 billion, while Arab exports to Türkiye reached $36 billion, representing a notable share of both sides’ overall trade. However, he urged expanding this relationship to include sectors like energy, technology, and logistics, leveraging the strategic geographical position of both regions as a crucial economic bridge connecting Asia, Europe, and Africa.

The forum, themed “Türkiye and the Arab World: A Global Corridor in Investment, Trade, and Technology,” was organized with the support of Türkiye’s Ministry of Treasury and Finance, the Ministry of Foreign Affairs, and other major regional institutions. It aimed to explore new opportunities in emerging sectors such as green energy, fintech, logistics, and capital markets, while addressing the regional and global economic challenges impacting both sides.

Turkish Minister of Treasury and Finance Mehmet Simsek acknowledged the uncertainty facing the global economy, which is limiting growth, especially in global trade. He also noted the rapid advancements in artificial intelligence, which are expected to reshape industries and societies. Simsek emphasized the need for Türkiye and the Arab world to capitalize on their potential for economic integration, particularly in this time of global economic shifts.

For his part, Egyptian Finance Minister Ahmed Kojak underlined Egypt’s efforts to ensure financial stability, production growth, and export competitiveness. He pointed to Egypt’s role in regional cooperation, highlighting initiatives such as the electricity grid connection with Saudi Arabia, which showcases the potential for regional collaboration in energy.

Tunisian Minister of Economy and Planning Samir Abdelhafidh focused on the advantages of developing economic corridors between Türkiye and the Arab world, particularly through free trade agreements, while Iraqi Finance Minister Taif Sami Mohammed stressed Iraq’s openness to cooperation with Türkiye, noting the country’s strategic position for global trade.

In turn, Kuwaiti Finance Minister Noura Suleiman Al-Fusam highlighted the need to remove trade barriers to increase interactions between Türkiye and the Arab world, with a focus on fostering investments.