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GCC, South Korea Conclude 5th Round of FTA Negotiations

A night view of Riyadh, Saudi Arabia.
A night view of Riyadh, Saudi Arabia.
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GCC, South Korea Conclude 5th Round of FTA Negotiations

A night view of Riyadh, Saudi Arabia.
A night view of Riyadh, Saudi Arabia.

The Gulf Cooperation Council (GCC) and South Korea concluded in Riyadh on Thursday the fifth round of negotiations on a free trade agreement (FTA), reported the Saudi Press Agency.

The two sides launched their negotiations on June 6, during which they tackled many topics aimed at increasing the flow of intra-trade, boosting investments, and opening global markets to the exports of the GCC member states.

General Coordinator of Negotiations and Head of the GCC Negotiating Team, Abdurrahman bin Ahmed Al-Harbi stated that such agreements are in line with the directives of the leaders of GCC member states that aim at strengthening the position of the Council and supporting its strategic relations with its partners around the world.

He said the agreement, which is under negotiation, will help bolster common gains, stimulate economic, commercial and investment growth in the GCC countries, support entrepreneurship and strengthen the business sectors in the GCC countries.

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Saudi Arabia Implemented $7.1-Billion-Worth Projects to Support Children

KSrelief has implemented 3,117 projects across 105 countries, totaling over $7.1 billion. SPA
KSrelief has implemented 3,117 projects across 105 countries, totaling over $7.1 billion. SPA
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Saudi Arabia Implemented $7.1-Billion-Worth Projects to Support Children

KSrelief has implemented 3,117 projects across 105 countries, totaling over $7.1 billion. SPA
KSrelief has implemented 3,117 projects across 105 countries, totaling over $7.1 billion. SPA

Saudi Arabia actively marks World Children's Day, observed on November 20 every year, through a range of projects and initiatives carried out by the King Salman Humanitarian Aid and Relief Center (KSrelief), which is dedicated to supporting children and promoting their well-being worldwide.

Since its establishment, KSrelief has implemented 3,117 projects across 105 countries, totaling over $7.1 billion. Among these, 965 projects were valued at over $924 million, specifically focusing on enhancing the living conditions of children and their families, alleviating their suffering and ensuring access to education in safe and healthy environments.

One significant project by the center is the rehabilitation and reintegration of children recruited and affected by the armed conflict in Yemen, which aims to support child soldiers in their journey back to society.

The project has positively impacted 530 children and 60,560 family members. It entails facilitating the children's integration into their communities, enrolling them in schools, and offering vital psychological and social support through targeted training courses, helping them to lead normal, fulfilling lives.
KSrelief is a key supporter of the United Nations Children's Fund (UNICEF), significantly contributing to the delivery of health services and nutrition programs for newborns and their mothers. The center also plays a crucial role in supporting educational initiatives and ensuring the continuity of education in crisis and disaster-affected areas.