عربي English Türkçe اردو فارسى
Logo
Latest News
Gulf

Saudi Arabia, WEF Sign Two MoUs for Boosting Cooperation

The Saudi delegation at Davos. (SPA)
The Saudi delegation at Davos. (SPA)
TT
TT

Saudi Arabia, WEF Sign Two MoUs for Boosting Cooperation

The Saudi delegation at Davos. (SPA)
The Saudi delegation at Davos. (SPA)

The Saudi delegation participating at the annual meeting of the World Economic Forum (WEF) in Davos 2022 met with the founder and CEO of the Forum Klaus Schwab and the President of WEF Borge Brende.

During the meeting, opportunities to strengthen the partnership between the Kingdom and the Forum were reviewed in a way that supports Saudi Arabia's economic transformation process and maximizes its contribution to promoting global economic growth.

Minister of Economy and Planning Faisal bin Fadhel Al-Ibrahim and Brende signed two memoranda of understanding (MoUs).

The first aims to boost the existing partnership opportunities between the Kingdom and the WEF, explore and identify future opportunities that deepen the relationship to support the transformation of the Kingdom, and advance the global agenda to be in line with the main objectives of the Forum.

The agreement is part of the Kingdom's efforts, represented by the Ministry of Economy and Planning, to transform its economy as outlined in Saudi Vision 2030, as well as restore global economic balance after the coronavirus pandemic.

It also serves the Forum's goal of improving the global economy by engaging business, political, academic, and other community leaders in shaping global and regional plans for economic development.

Al-Ibrahim also signed the second MoU, on behalf of the Minister of Health, with the President of WEF. The agreement aims to promote wise healthcare and activate cooperation frameworks between the public and private sectors and specialists within the field.

This second agreement will result in the Kingdom joining the Global Alliance for Banking on Values (GABV) in Healthcare of the Forum, contributing to raising community awareness in the field, and benefiting from the Forum's experiences and insights in formulating a strategy to improve wise healthcare at the global level.

Most Viewed

 
 
Gulf

Crown Prince of Kuwait Meets with GCC Secretary-General

Secretary General of the Gulf Cooperation Council Jasem Mohamed Albudaiwi. GCC
Secretary General of the Gulf Cooperation Council Jasem Mohamed Albudaiwi. GCC
TT
TT

Crown Prince of Kuwait Meets with GCC Secretary-General

Secretary General of the Gulf Cooperation Council Jasem Mohamed Albudaiwi. GCC
Secretary General of the Gulf Cooperation Council Jasem Mohamed Albudaiwi. GCC

Kuwaiti Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah met with Secretary-General of the Gulf Cooperation Council (GCC) Jasem Albudaiwi on Monday at the Bayan Palace in Kuwait.

Albudaiwi presented a comprehensive report to Sheikh Sabah regarding Kuwait’s presidency of the 45th session of the GCC Supreme Council, and expressed his appreciation for the generous support and steadfast commitment Kuwait provides to the GCC's journey, SPA reported.

He underscored that such support serves as a powerful catalyst for continued efforts toward achieving greater integration and cooperation, ultimately fostering prosperity and well-being for the GCC member states and their peoples.

Gulf

Botanical Facility Inaugurated at Saudi King Salman Royal Reserve to Boost Ecosystem Sustainability

Saudi  Minister of Interior and Chairman of the Board of Directors of the King Salman bin Abdulaziz Royal Reserve Development Authority Prince Abdulaziz bin Saud bin Naif bin Abdulaziz (R) is seen at the inauguration. (SPA)
Saudi  Minister of Interior and Chairman of the Board of Directors of the King Salman bin Abdulaziz Royal Reserve Development Authority Prince Abdulaziz bin Saud bin Naif bin Abdulaziz (R) is seen at the inauguration. (SPA)
TT
TT

Botanical Facility Inaugurated at Saudi King Salman Royal Reserve to Boost Ecosystem Sustainability

Saudi  Minister of Interior and Chairman of the Board of Directors of the King Salman bin Abdulaziz Royal Reserve Development Authority Prince Abdulaziz bin Saud bin Naif bin Abdulaziz (R) is seen at the inauguration. (SPA)
Saudi  Minister of Interior and Chairman of the Board of Directors of the King Salman bin Abdulaziz Royal Reserve Development Authority Prince Abdulaziz bin Saud bin Naif bin Abdulaziz (R) is seen at the inauguration. (SPA)

Saudi Minister of Interior and Chairman of the Board of Directors of the King Salman bin Abdulaziz Royal Reserve Development Authority Prince Abdulaziz bin Saud bin Naif bin Abdulaziz inaugurated a central nursery and wild seed research and production station in Al-Jouf, reported the Saudi Press Agency on Monday.

The project aims to boost vegetation cover and sustainability within the reserve. Spanning 1,600 hectares, the project includes advanced botanical facilities, including parent seed fields, seed storage, nurseries, and a wild plant garden, to support local seed and seedling production.

The parent seed fields consist of 14 areas with over 400,000 trees and shrubs from more than 30 local species.

The central nursery covers 60,000 square meters and contains 30 greenhouses, with an annual production capacity of 1.5 million seedlings across 15 plant species. The project boasts a botanical garden spanning 12,000 square meters, featuring over 280 species of trees, shrubs, and perennial grasses.

The central nursery and seed station have contributed to planting over four million seedlings and dispersing more than 8,000 kilograms of seeds across 10 locations within the reserve, resulting in five million wild plants. This reflects the reserve’s commitment to restoring ecosystems and expanding vegetation cover.

Gulf

Saudi-Tunisian Joint Committee Kicks Off 12th Session in Riyadh

Alkhorayef stressed that the convening of the 12th session comes at an important time that requires intensified coordination in growth-driving sectors - SPA
Alkhorayef stressed that the convening of the 12th session comes at an important time that requires intensified coordination in growth-driving sectors - SPA
TT
TT

Saudi-Tunisian Joint Committee Kicks Off 12th Session in Riyadh

Alkhorayef stressed that the convening of the 12th session comes at an important time that requires intensified coordination in growth-driving sectors - SPA
Alkhorayef stressed that the convening of the 12th session comes at an important time that requires intensified coordination in growth-driving sectors - SPA

The 12th session of the Saudi-Tunisian Joint Committee kicked off Sunday in Riyadh, organized by the Ministry of Industry and Mineral Resources and bringing together representatives from government entities of both countries to discuss opportunities for expanding cooperation and developing strategic partnerships across various economic and development sectors.

The committee session was co-chaired by Minister of Industry and Mineral Resources Bandar Alkhorayef and Tunisian Minister of Economy and Planning Dr. Samir Abdelhafidh, attended by official delegations and government sector representatives from both countries, SPA reported.

In his opening remarks, Alkhorayef emphasized the strength of Saudi-Tunisian relations and the brotherly and economic ties between the two countries, which span more than 70 years. He noted that these ties are reflected today in shared visions and ambitious work programs that align with the aspirations of both countries’ leaderships and peoples, as well as their mutual interests.

He pointed out that the Saudi-Tunisian Joint Committee, launched in 1998, represents an institutional framework aimed at translating cooperation into executable programs and initiatives. He expressed his hope that this session would serve as a new starting point for joint strategic projects and more impactful agreements that contribute to the economic development of both countries.

Alkhorayef stressed that the convening of the 12th session comes at an important time that requires intensified coordination in growth-driving sectors. The minister called on companies in both countries to build practical partnerships in promising industries and value chains. He also highlighted the outcomes of the third meeting, held in Tunisia in July 2025, namely the agreements on mutual recognition of product conformity certificates, which positively contributed to a 38% growth in trade exchange through September 2025 compared with the same period last year.

The committee’s current session focused on boosting cooperation mechanisms, discussing investment opportunities, and exchanging expertise in key sectors, including industry, mining, tourism, transport and logistics, and the judiciary and justice sectors. These efforts aim to enhance trade efficiency, support the access of Saudi products to international markets, and strengthen economic and investment cooperation.