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UAE Celebrates 91st Saudi National Day

Burj Khalifa displays an image of the Saudi flag in celebration of the 91st Saudi National Day (Asharq Al-Awsat)
Burj Khalifa displays an image of the Saudi flag in celebration of the 91st Saudi National Day (Asharq Al-Awsat)
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UAE Celebrates 91st Saudi National Day

Burj Khalifa displays an image of the Saudi flag in celebration of the 91st Saudi National Day (Asharq Al-Awsat)
Burj Khalifa displays an image of the Saudi flag in celebration of the 91st Saudi National Day (Asharq Al-Awsat)

The UAE will join Saudi Arabia in celebrating the Kingdom's 91st National Day on September 23, under the slogan "Together Forever," confirming the deep ties between the two countries.

Several Emirati landmarks were lit up in green with the Saudi flag as part of the country's participation in celebrating the Kingdom's National Day.

Burj Khalifa, the world's tallest building, displayed an image of the Saudi flag, and the landmarks of the Dubai Financial Center were colored with the flags of the two countries.

Ruler of Dubai, Sheikh Mohammed bin Rashid, Vice President and Prime Minister, conveyed his best wishes to the Saudi leadership.

"The Saudi National Day every year is an occasion dear to all of us. An occasion in which we renew brotherhood and establish love and proceed from it towards a better and more beautiful future of two peoples united by ambition that knows no bounds," Sheikh Mohammed wrote on Twitter.

Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan congratulated in a tweet the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz, the Crown Prince, and the Saudi people on their 91st National Day.

"Our two nations stand as one, and we celebrate all your achievements. We look forward to a bright future together."

Saudi Arabia is the leading Arab trade partner of the UAE and its third international trading partner, accounting for 7 percent of the UAE's international non-oil trade, according to a reported by state news agency WAM.

The two countries have the two largest Arab economies and are among the top 10 exporters in the world, with a total export size of nearly $750 billion in 2018.

UAE Pro League announced that ADNOC Pro League's fifth match week will be held under the motto "Saudi National Day" to celebrate the 91st National Day with their Saudi brothers.

Saudi Arabian flag will be raised at Emirati stadiums along with the display of congratulatory messages on the venues' screens to emphasize the long deep-rooted relationship between the two gulf countries that will remain side by side always and forever.

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Aramco, Rongsheng Petrochemical Sign Framework Agreement to Advance SASREF Expansion

Aramco, Rongsheng Petrochemical Sign Framework Agreement to Advance SASREF Expansion
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Aramco, Rongsheng Petrochemical Sign Framework Agreement to Advance SASREF Expansion

Aramco, Rongsheng Petrochemical Sign Framework Agreement to Advance SASREF Expansion

Saudi Aramco, one of the world's leading integrated energy and chemicals companies, Aramco affiliate Saudi Aramco Jubail Refinery Company (SASREF), and an affiliate of Rongsheng Petrochemical Co. Ltd. (Rongsheng Petrochemical) signed a Development Framework Agreement in Beijing, China, that paves the way for an expansion project at SASREF in Jubail, Saudi Arabia.

The tripartite agreement outlines the cooperation mechanism and planning for the project's design and development. The project aims to expand SASREF's refining and petrochemical capabilities while fostering international collaboration, said Aramco in a statement on Tuesday.

Aramco Downstream President Mohammed Y. Al Qahtani said: "By aligning our efforts, Aramco and Rongsheng Petrochemical aim to deliver additional value to our stakeholders. This Development Framework Agreement underscores Aramco's intentions to foster closer collaboration with key partners and progress its strategic downstream expansion, both in the Kingdom of Saudi Arabia and internationally. It also highlights the potential of the Kingdom's downstream sector to attract overseas players."

Rongsheng Petrochemical Chairman Li Shuirong said: "The signing of the Development Framework Agreement sets the stage for Rongsheng Petrochemical's in-depth participation in the SASREF expansion project."

"Saudi Arabia has abundant energy resources and significant market potential, and Rongsheng Petrochemical will bring strong momentum to the partnership through our excellent operation and management capabilities and market competitiveness," he added

"This collaborative project not only has important strategic value for the future development of both companies but will also make contributions to China's Belt and Road Initiative and Saudi Arabia's Vision 2030," he stressed.

In April, Aramco and Rongsheng Petrochemical signed a Cooperation Framework Agreement relating to the planned formation of a joint venture in SASREF and significant investments in the Saudi and Chinese petrochemical sectors. Preliminary documentation relating to the Development Framework Agreement was signed in September.

The SASREF expansion project is located in Jubail Industrial City, which is along the Arabian Gulf coast in Saudi Arabia's Eastern Province. The city has a well-developed infrastructure and strategic geographical advantages.

The project, which is currently in the PREFEED stage, envisages the construction of large-scale steam crackers and the integration of associated downstream derivatives into the existing SASREF complex, enhancing its ability to meet the growing demand for high-quality petrochemical products.