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Saudi Arabia: Coronavirus Pandemic Demonstrated Wisdom of ‘Vision 2030’

A part of the meeting in which the Saudi Ambassador in London participated in on Wednesday, ABCC twitter account.
A part of the meeting in which the Saudi Ambassador in London participated in on Wednesday, ABCC twitter account.
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Saudi Arabia: Coronavirus Pandemic Demonstrated Wisdom of ‘Vision 2030’

A part of the meeting in which the Saudi Ambassador in London participated in on Wednesday, ABCC twitter account.
A part of the meeting in which the Saudi Ambassador in London participated in on Wednesday, ABCC twitter account.

Prince Khalid bin Bandar, the Saudi ambassador to the UK, said that the COVID-19 pandemic has proven the wisdom behind Saudi Arabia’s vision for national transformation “Vision 2030” and has reinforced the importance of achieving its goals.

Prince Khalid on Wednesday told an online seminar organized by the Arab-British Chamber of Commerce (ABCC) that the trends around the world in response to COVID-19 coalesced with the changes under way in his country.

He also revealed that, within two weeks, a plan for the resumption of flights to and from Saudi Arabia will be announced.
Prince Khalid was speaking at a roundtable organized by ABCC.

It was hosted by ABCC Chairwoman Baroness Symons of Vernham Dean, and joined by its CEO and Secretary-General Bandar Reda, and the chairman of the Council of Saudi Chambers and the Riyadh Chamber of Commerce and Industry, Ajlan Al-Ajlan.

It was organized to discuss the repercussions of the COVID-19 crisis on Saudi-UK trade ties, investment opportunities and partnerships.

Prince Khalid considered that “we are at a remarkable time to talk about investment opportunities, not only in the Middle East region, but also around the world. Everyone suffers, learns and develops new strategies for progress in the post-COVID-19 world.”

He said that Saudi Arabia offers the world a wonderful investment opportunity, whether before or after COVID-19. This is because it is a country that is going through a stage of great change.

Prince Khalid explained that the Kingdom, four years ago, has established Kingdom Vision 2030 under the leadership of Crown Prince Mohammed bin Salman to restructure the whole country. This, according to the ambassador, presents mega investment opportunities in a number of sectors.

He also pointed to the major reforms in regulations and laws to ensure parity between foreign and Saudi investors, protecting investments, creating sustainable long-term investments, equal access to opportunities, and reforming the system of commercial arbitration.

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Egypt and Oman Discuss Red Sea Security, Bilateral Cooperation

Egyptian Foreign Minister Badr Abdelatty meets with Oman’s Deputy Prime Minister Fahd bin Mahmoud Al Said. (Egypt’s Foreign Affairs Ministry)
Egyptian Foreign Minister Badr Abdelatty meets with Oman’s Deputy Prime Minister Fahd bin Mahmoud Al Said. (Egypt’s Foreign Affairs Ministry)
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Egypt and Oman Discuss Red Sea Security, Bilateral Cooperation

Egyptian Foreign Minister Badr Abdelatty meets with Oman’s Deputy Prime Minister Fahd bin Mahmoud Al Said. (Egypt’s Foreign Affairs Ministry)
Egyptian Foreign Minister Badr Abdelatty meets with Oman’s Deputy Prime Minister Fahd bin Mahmoud Al Said. (Egypt’s Foreign Affairs Ministry)

Egyptian Foreign Minister Badr Abdelatty discussed escalating security tensions in the Red Sea during a visit to Oman on Monday, stressing the importance of maritime safety, freedom of international trade, and the direct link to the security of Red Sea littoral states.

Abdelatty highlighted the economic impact of the tensions on Egypt, particularly the decline in Suez Canal revenues, which fell from $9.4 billion in 2022–2023 to $7.2 billion in 2023–2024 due to the Houthi attacks on ships in the Red Sea and Bab al-Mandab Strait.

The attacks, carried out in solidarity with Palestinians in Gaza, have forced global shipping companies to reroute vessels through the Cape of Good Hope.

During his meeting with Oman’s Deputy Prime Minister Fahd bin Mahmoud Al Said, Abdelatty expressed Egypt’s appreciation for the sultanate’s leadership and its stabilizing regional role.

According to a statement by the Egyptian Foreign Ministry, he emphasized the need for Arab cooperation to address the region’s unprecedented instability, underscoring Egypt’s commitment to working closely with Oman to promote security and stability.

Abdelatty also met with his Omani counterpart Badr Al-Busaidi to discuss bilateral ties and regional issues. They reviewed existing cooperation frameworks and explored ways to boost relations, especially in trade, investments, and logistics.

The Egyptian official highlighted his country’s economic reform program and its efforts to attract foreign investment by improving the business climate and offering incentives.

The ministers discussed bolstering cooperation between the Suez Canal Economic Zone and Oman’s Special Economic Zone at Duqm, as well as strengthening maritime links between key ports, such as Duqm, Salalah, Alexandria, and Ain Sokhna. Such initiatives aim to boost trade and deepen collaboration in logistics and maritime transport, leveraging both nations’ strategic geographic locations.

Regional topics, including developments in Syria, Gaza, Yemen, Libya, Lebanon, and the Horn of Africa, were also addressed. The ministers expressed concern over the impact of Red Sea tensions on littoral states and shared a commitment to finding comprehensive political solutions for these crises.