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Saudi ‘MODON’ Chief: Work is Underway to Raise Rate of Women Investors to 20%

Saudi Arabia is working to empower women investors in the industrial sector, Asharq Al-Awsat
Saudi Arabia is working to empower women investors in the industrial sector, Asharq Al-Awsat
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Saudi ‘MODON’ Chief: Work is Underway to Raise Rate of Women Investors to 20%

Saudi Arabia is working to empower women investors in the industrial sector, Asharq Al-Awsat
Saudi Arabia is working to empower women investors in the industrial sector, Asharq Al-Awsat

Saudi Industrial Property Authority (MODON) Director-General Khalid Al-Salem has reaffirmed the Kingdom’s commitment to developing smart industrial cities that meet the needs of both national and foreign investors.

Today, the size of developed industrial lands in Saudi Arabia exceeds 198.8 million square meters. MODON has ensured that operations and management of industrial cities in the Kingdom are run according to the highest international standards.

In an interview with Asharq Al-Awsat, Al-Salem revealed that Saudi Arabia has successfully attracted over 4,000 industrial contracts that encompass different sectors and involve more than SR367 billion ($98 billion).

He also noted that recently signed agreements helped attract Chinese quality industries to the Kingdom.

Speaking about the role played by women in developing national industries, Al-Salem acknowledged that it was vital.

He noted that the number of Saudi women working in the industrial cities overseen by MODON had increased by nearly 120% to reach 17,000 female workers by the end of Q1 2020. This is a significant hike from the 7,860-figure recorded in 2018.

Saudi women are finding more employment as private and government bodies strive to reach qualified women across the Kingdom’s economic sectors.

As for Saudi women investors in the Kingdom’s industrial sectors, Al-Salem said they represent 1% of total investors but stressed that work is underway to raise their share to 20%. He noted that this will be achieved in partnership with both the private and public sectors.

Launching the “Industry Ladies Conference 2020” represents one of the many examples of efforts spent by Saudi authorities to support the empowerment of women investors in industrial sectors, noted Al-Salem.

He revealed that MODON is looking to transform the female-focused forum to an annual event for dealing with investment opportunities in the Kingdom and addressing challenges inhibiting the role of women in the industrial sector.

Despite MODON having come a long way in its journey to increase Saudi women participation in the Kingdom’s industrial sector, Al-Salem reaffirmed that the authority is still striving toward more women empowerment.

He added that MODON has made the industrial sector more attractive to women through innovative financing products, services and solutions that suit their important role in the national economy.

Incentives for working women include the launch of industrial oases, which are characterized by the availability of nurseries, parking spaces and medical and recreational centers.

These oases host clean industries such as medical and food industries, rubber and high-tech industries, as well as prefabricated factories supporting women entrepreneurs and small and medium enterprises, noted Al-Salem.

He added that 2021 will see the launch of small, prefabricated factories to enable women’s investments in the industrial city of Dammam, a first for the Kingdom.

Coronavirus Pandemic

MODON has successfully implemented a range of initiatives that helped in easing and limiting the fallout caused by the coronavirus pandemic, affirmed Al-Salem.

The authority has cut annual rents by 25% until 2020-end and delayed the payment of other fees for 90 days for factories, he noted, asserting that these measures fall within the Saudi initiative to support the industrial sector.

This initiative includes the exemption from fees related to engineering schemes and contracts amendment until year-end. It also comprises extending the timeframe for the construction works of factories from 24 months to 36 months, in addition to extending the operation license term until end of year.

Al-Salem added that MODON has conducted 1,557 field inspections to ensure that industrial institutions in the Kingdom are following precautionary and preventative measures designed to curb the spread of the coronavirus.

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Lebanon’s President to Asharq Al-Awsat: Decision of War and Peace Lies Solely with the State

Lebanese President Joseph Aoun in the interview with Asharq Al-Awsat's editor-in-chief Ghassan Charbel. Photo: Asharq Al-Awsat
Lebanese President Joseph Aoun in the interview with Asharq Al-Awsat's editor-in-chief Ghassan Charbel. Photo: Asharq Al-Awsat
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Lebanon’s President to Asharq Al-Awsat: Decision of War and Peace Lies Solely with the State

Lebanese President Joseph Aoun in the interview with Asharq Al-Awsat's editor-in-chief Ghassan Charbel. Photo: Asharq Al-Awsat
Lebanese President Joseph Aoun in the interview with Asharq Al-Awsat's editor-in-chief Ghassan Charbel. Photo: Asharq Al-Awsat

Lebanese President Joseph Aoun says he wants to build a state that has the decision of war and peace and stressed he is committed to implementing Security Council Resolution 1701.

In an interview with Asharq Al-Awsat, his first since his election in January, Aoun said: “Our objective is to build the state, so nothing is difficult. And if we want to talk about the concept of sovereignty, its concept is to place the decisions of war and peace in the hands of the state, and to monopolize or restrict weapons to the state.”

“When will it be achieved? Surely, the circumstances will allow it,” he told the newspaper.

Asked whether the state will be able to impose control over all Lebanese territories with its own forces and without any military or security partnership, he said: "It is no longer allowed for anyone other than the state to fulfill its national duty in protecting the land and the people ... When there is an aggression against the Lebanese state, the state makes the decision, and it determines how to mobilize forces to defend the country."

He also stressed his full commitment to implement UN Security Council Resolution 1701. “The state and all its institutions are committed to implementing the Resolution” on the “entire Lebanese territories,” Aoun said.

On the possible adoption of a defense strategy, Aoun insisted that even if a state does not have enemies on its borders, it should agree on a national security strategy that not only deals with military goals but also economic and fiscal objectives.

“We are tired of war,” he said in response to a question. “We hope to end military conflicts and resolve our problems through diplomatic efforts,” he said.

Asked whether he was surprised that the Israeli army has stayed at five points in south Lebanon, Aoun said that Israel should have committed to the ceasefire agreement that was sponsored by the US and France and should have withdrawn from all areas it had entered during the war with Hezbollah.

“We are in contact with France and the US to pressure Israel to withdraw from the five points because they don’t have any military value,” he said.

“With the emergence of technologies, drones and satellites,” an army does not need a hill for surveillance, Aoun added.

"Saudi Arabia has become a gateway for the region and for the whole world. It has become a platform for global peace,” he said when asked why he has chosen to visit the Kingdom on his first official trip abroad.

“I hope and expect from Saudi Arabia, especially Crown Prince Mohammed bin Salman, that we correct the relationship for the benefit of both countries and remove all the obstacles ... so that we can build economic and natural relations between us.”

He said that during his visit he plans to ask Saudi Arabia to revive a grant of military aid to Lebanon.

On relations with the Syrian authorities, Aoun said he intends to have friendly ties the new Syrian administration and that one of the pressing issues is to resolve the problem of the porous border between the two countries.

“There are problems on the border (with Syria) with smugglers. Most importantly, the land and sea border with Syria should be demarcated,” he said.

Aoun also called for resolving the problem of Syrian refugees in Lebanon. “The Syrian state cannot give up on 2 million citizens who have been displaced to Lebanon.”

The refugees should return because “the Syrian war ended and the regime that was persecuting them collapsed,” he said.