Venezuela Says ‘Extraordinary’ Opportunities Available for Tourism Cooperation with Saudi Arabia

A view of Riyadh during Riyadh Season. (SPA)
A view of Riyadh during Riyadh Season. (SPA)
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Venezuela Says ‘Extraordinary’ Opportunities Available for Tourism Cooperation with Saudi Arabia

A view of Riyadh during Riyadh Season. (SPA)
A view of Riyadh during Riyadh Season. (SPA)

Venezuela’s Minister of Tourism Leticia Gomez said “extraordinary” opportunities for bolstering tourism cooperation with Saudi Arabia were available in line with the joint economic vision aimed diversifying sources of income and ending reliance on oil.

In remarks to Asharq Al-Awsat, she said the Kingdom was a strategic partner to Venezuela, especially given the alignment of their visions on investment and tourism development.

The minister is in Riyadh to attend the UN Tourism General Assembly.

“Our inbound tourism is an undeniable success story. The indicators reveal sustained growth of over 71% year-on-year average variation in the flow of international visitors,” Gomez told Asharq Al-Awsat.

“We project to go from 62,000 visitors in 2019 to a goal of almost three million (3,048,759) by the end of 2025, which is a testament to international confidence in our safe and peaceful environment,” she added.

On her participation in the General Assembly, she stated: “Our main purpose is twofold: first, to reaffirm Venezuela's commitment to positioning itself as a destination with great potential due to its natural beauty, sustainability, and excellent service; and second, as a destination of peace, megadiversity, and hospitality, open to investment and the future, in line with the 2030 Agenda.”

Venezuela’s Minister of Tourism Leticia Gomez. (Asharq Al-Awsat)

“The central theme of this Assembly, ‘The Impact of Artificial Intelligence and Innovation on the Future of Global Tourism,’ is our top priority for discussion,” she went on to say. “In Venezuela, we are promoting the intelligent use of Artificial Intelligence and technology to modernize the tourism experience with a focus on sustainability.”

“Technology should serve to improve efficiency and traveler satisfaction, allowing people to focus on what is essential: relaxation, healthy recreation, intimacy, and contact with other cultures,” she stressed.

“The fundamental challenge is maintaining stability and security while embracing global innovations,” continued the minister. “In this regard, we have attended various specialized tourism fairs showcasing the authentic and true face of Venezuela, dismantling a negative media campaign.”

“Regarding technological and human integration, the greatest challenge is how AI and innovation can enhance the experience without diminishing the value of intimacy and cultural connection that travelers seek. We overcome this by applying technology with a focus on sustainability that prioritizes human satisfaction,” added Gomez.

“Similarly, we want to consolidate Venezuela as a gateway to and from other countries in the region. We are actively seeking to develop multi-destination packages with sister nations so that tourists can combine our sun and beaches, mountains, plains, rainforest, snow, nature, and cultural experiences with other Caribbean and Latin American destinations,” she said.



Saudi Industry Ministry Signs MoUs to Advance Manufacturing Empowerment

The agreements were signed during the "Industrial Transformation Saudi Arabia 2025” Exhibition. SPA
The agreements were signed during the "Industrial Transformation Saudi Arabia 2025” Exhibition. SPA
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Saudi Industry Ministry Signs MoUs to Advance Manufacturing Empowerment

The agreements were signed during the "Industrial Transformation Saudi Arabia 2025” Exhibition. SPA
The agreements were signed during the "Industrial Transformation Saudi Arabia 2025” Exhibition. SPA

The Ministry of Industry and Mineral Resources has signed a number of memoranda of understanding (MoUs) with leading local and international companies to advance advanced manufacturing, support local content, and strengthen national supply chains, enhancing the regional and global competitiveness of Saudi industry.

The agreements were signed during the "Industrial Transformation Saudi Arabia 2025” Exhibition, organized by the ministry in partnership with Deutsche Messe and Riyadh Exhibitions Company Ltd.

The ministry signed two memoranda to provide innovative financing solutions for industrial establishments, strengthen national supply chains, and support local content.

Additionally, the ministry's National Center for Advanced Manufacturing and Production signed several memoranda of understanding with local and international industrial and advisory companies to support the path of advanced manufacturing, develop supply chains, enhance technological innovation, and boost the competitiveness of national factories, in line with the National Industrial Strategy and Saudi Vision 2030.

These strategic partnerships are part of the ministry's ongoing efforts to develop the Kingdom's industrial ecosystem, enable manufacturers to access the latest industrial solutions, support supply chain development, and stimulate innovation, contributing to the building of a sustainable industrial sector that competes regionally and globally.


China Says Working on Streamlining Rare Earth Export Licenses

FILE PHOTO: Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China October 31, 2010. REUTERS/Stringer/File Photo
FILE PHOTO: Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China October 31, 2010. REUTERS/Stringer/File Photo
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China Says Working on Streamlining Rare Earth Export Licenses

FILE PHOTO: Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China October 31, 2010. REUTERS/Stringer/File Photo
FILE PHOTO: Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China October 31, 2010. REUTERS/Stringer/File Photo

China said on Thursday it is working on streamlining rare earth export licenses - a key promised outcome after a meeting between US President Donald Trump and his counterpart Xi Jinping.

"The government is actively adapting," Commerce Ministry spokesman He Yadong told reporters at a weekly briefing, adding that authorities "were aligning themselves with general license mechanisms".

Reuters reported on Tuesday that at least three Chinese rare earth magnet makers had secured licenses enabling them to accelerate exports to some customers.

He did not say if new licenses had been issued.

China began designing the new rare earth licensing regime following a late October meeting between Trump and Xi that eased trade tensions between the two countries.


Saudi Aramco's Jafurah Gas Plant Begins Output with 450 Million Cubic Feet Per Day

The resources at Jafurah are now estimated at 229 trillion standard cu ft of gas and 75 billion barrels of condensates. (Saudi Aramco)
The resources at Jafurah are now estimated at 229 trillion standard cu ft of gas and 75 billion barrels of condensates. (Saudi Aramco)
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Saudi Aramco's Jafurah Gas Plant Begins Output with 450 Million Cubic Feet Per Day

The resources at Jafurah are now estimated at 229 trillion standard cu ft of gas and 75 billion barrels of condensates. (Saudi Aramco)
The resources at Jafurah are now estimated at 229 trillion standard cu ft of gas and 75 billion barrels of condensates. (Saudi Aramco)

The first phase of oil giant Aramco's Jafurah gas plant is complete and production has begun with a capacity of 450 million cubic feet per day, the Saudi finance ministry said on Tuesday.

The finance ministry, in its 2026 budget statement, listed the milestone as an achievement reached in 2025.

Jafurah's gas output will be used for domestic power generation, freeing up crude for export that is currently used for power in the kingdom.

Aramco has said its unconventional gas program at peak production is expected to generate electricity equivalent to displacing 500,000 barrels per day of oil.

The $100 billion Jafurah project, estimated to contain 229 trillion standard cubic feet of raw gas, is central to Aramco's ambitions to become a major global player in natural gas and boost its gas production capacity.

Aramco's gas production was 12.6 billion cubic feet per day at the end of September, up from 12 bcfd a year earlier.

Aramco last month said it was boosting its gas growth target to 80% above 2021 levels from a previous targeted growth of 60%.

In its 2021 annual report, Aramco said it reached a single-day record gas output at the time of 10.8 bcfd.

Aramco CEO Amin Nasser, who has called Jafurah a crown jewel in the company's portfolio, said during an earnings call last month the first phase was on track for completion by the end of this year.