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Fourth Industrial Revolution Center Established in Riyadh

Saudi Arabia's minister of economy and planning Mohammed al-Tuwaijri and Klaus Schwab, the founder and executive chairman of WEF signed an agreement to open a Center for the Fourth Industrial Revolution in the kingdom. SPA
Saudi Arabia's minister of economy and planning Mohammed al-Tuwaijri and Klaus Schwab, the founder and executive chairman of WEF signed an agreement to open a Center for the Fourth Industrial Revolution in the kingdom. SPA
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Fourth Industrial Revolution Center Established in Riyadh

Saudi Arabia's minister of economy and planning Mohammed al-Tuwaijri and Klaus Schwab, the founder and executive chairman of WEF signed an agreement to open a Center for the Fourth Industrial Revolution in the kingdom. SPA
Saudi Arabia's minister of economy and planning Mohammed al-Tuwaijri and Klaus Schwab, the founder and executive chairman of WEF signed an agreement to open a Center for the Fourth Industrial Revolution in the kingdom. SPA

Saudi Arabia signed an agreement with the World Economic Forum (WEF) on Wednesday to establish a branch in the Kingdom of the WEF’s Center for the Fourth Industrial Revolution.

The center, the fifth in the world, places Saudi Arabia in the global Fourth Industrial Revolution network with countries such as the US, India, China and Japan.

The deal was signed by Mohammed al-Tuwaijri, the Saudi Minister of Economy and Planning, and the WEF founder and executive chairman Klaus Schwab.

Several princes and high ranking Saudi officials witnessed the signing ceremony following their meeting with Schwab and other WEF officials. They included Minister of Foreign Affairs Prince Faisal Bin Farhan; Minister of Culture Prince Badr Bin Abdullah Bin Farhan; Minister of Finance Mohammed al-Jadaan.

The center will provide space for the development of the mechanisms, plans and applications of the FIR in the Kingdom and will contribute to the adoption of technology and best practices in the region and the world, which reinforces the directives of the leadership and harnesses the tools provided by the Fourth Industrial Revolution to serve the Kingdom

This cooperation will bring the Kingdom into the global FIR network with countries such as India, China and Japan. The center will also provide the opportunity to cooperate with various government agencies, international institutions and private companies, in line with the efforts to develop effective solutions to the challenges of vital sectors, alongside preparing competencies and capacity-building, and advanced skill development in the areas related to the FIR.

The Fourth Industrial Revolution is based on a number of areas, including artificial intelligence, machine learning, robots, smart cities, the governance and future shaping of technology and data policy, automated mobility, unmanned aerial vehicles (UAVs), and the future of airspace.

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Saudi-Chinese-Iranian Joint Tripartite Committee Meets in Riyadh

The meeting was chaired by Saudi Vice Minister of Foreign Affairs Waleed A.Elkhereiji, with the participation of the Chinese delegation, headed by China’s Vice-Minister of Foreign Affairs Deng Li, and Iranian delegation, chaired by Deputy Foreign Minister for Political Affairs Majid Takht Ravanchi. (SPA)
The meeting was chaired by Saudi Vice Minister of Foreign Affairs Waleed A.Elkhereiji, with the participation of the Chinese delegation, headed by China’s Vice-Minister of Foreign Affairs Deng Li, and Iranian delegation, chaired by Deputy Foreign Minister for Political Affairs Majid Takht Ravanchi. (SPA)
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Saudi-Chinese-Iranian Joint Tripartite Committee Meets in Riyadh

The meeting was chaired by Saudi Vice Minister of Foreign Affairs Waleed A.Elkhereiji, with the participation of the Chinese delegation, headed by China’s Vice-Minister of Foreign Affairs Deng Li, and Iranian delegation, chaired by Deputy Foreign Minister for Political Affairs Majid Takht Ravanchi. (SPA)
The meeting was chaired by Saudi Vice Minister of Foreign Affairs Waleed A.Elkhereiji, with the participation of the Chinese delegation, headed by China’s Vice-Minister of Foreign Affairs Deng Li, and Iranian delegation, chaired by Deputy Foreign Minister for Political Affairs Majid Takht Ravanchi. (SPA)

The second meeting of the Saudi-Chinese-Iranian Joint Tripartite Committee to follow up on the Beijing Agreement was held in Riyadh on Tuesday.

The meeting was chaired by Saudi Vice Minister of Foreign Affairs Waleed A.Elkhereiji, with the participation of the Chinese delegation, headed by China’s Vice-Minister of Foreign Affairs Deng Li, and Iranian delegation, chaired by Deputy Foreign Minister for Political Affairs Majid Takht Ravanchi.

The Saudi and Iranian sides reiterated their commitment to implementing the Beijing Agreement in all its provisions and their continued effort to consolidate neighborly relations between their countries by respecting the Charter of the United Nations and the Charter of the Organization of Islamic Cooperation, and international law. This includes respecting the sovereignty, independence, and security of states.

Saudi Arabia and Iran welcomed the continued positive role played by China and the importance of its support and follow-up on the implementation of the Beijing Agreement that was signed in March 2023.

China underscored its readiness to continue to support and encourage the steps taken by Saudi Arabia and Iran to develop their relationship in various fields.

The three countries welcomed the continued progress in Saudi-Iranian relations and the opportunities it provides for direct communication between the two countries at all levels and sectors.

They noted the great importance of these contacts, meetings and mutual visits between high officials from the two countries, especially in light of the current regional tensions and escalation that threaten the security of the region and world.

The officials welcomed the progress of consular services between the two countries, which allowed more than 87,000 Iranian pilgrims to perform the Hajj and more than 52,000 Iranians to perform the Umrah with ease and security during the first ten months of 2024.

They welcomed the first meeting of the Saudi-Iranian joint Media Committee and the signing of a Memorandum of Understanding (MoU) between the Prince Saud Al-Faisal Institute for Diplomatic Studies and the Institute of Political and International Studies of the Iranian Ministry of Foreign Affairs.

Saudi Arabia and Iran additionally expressed readiness to sign a Double Taxation Avoidance Agreement (DTAA). Along with China, they look forward to expanding cooperation among them in various fields including economic and political.

The three countries called for an immediate end to the Israeli assault against Palestine and Lebanon, condemning its attacks and violations of Iran’s sovereignty and territorial integrity.

They further called for the uninterrupted flow of humanitarian aid and relief to Palestine and Lebanon, warning that the continuing cycle of violence and escalation is a serious threat to the security of the region and world.

The three countries reiterated their support for a comprehensive political solution in Yemen in line with internationally recognized principles under the auspices of the United Nations.