Saudi Arabia Asserts Importance of Globally Bolstering Economic, Investment Ties

Crown Prince Mohammed bin Salman chaired the cabinet session at the Peace Palace in Jeddah (SPA)
Crown Prince Mohammed bin Salman chaired the cabinet session at the Peace Palace in Jeddah (SPA)
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Saudi Arabia Asserts Importance of Globally Bolstering Economic, Investment Ties

Crown Prince Mohammed bin Salman chaired the cabinet session at the Peace Palace in Jeddah (SPA)
Crown Prince Mohammed bin Salman chaired the cabinet session at the Peace Palace in Jeddah (SPA)

The Saudi cabinet affirmed the importance of bolstering economic and investment connections with diverse nations globally in line with Saudi Vision 2030, which brings unparalleled prospects in fields of mutual benefit.

Crown Prince Mohammed bin Salman chaired the Cabinet session at al-Salam Palace in Jeddah. He briefed the meeting on the discussions of the Custodian of the Two Holy Mosques, King Salman, with the King of Eswatini, Rwanda's President, and Ethiopia's Prime Minister. The discussions mainly focused on the various aspects of bilateral relations across multiple fields.

The cabinet praised the achievements of the Kingdom's joint public and private sector delegation during their visits to various Latin American countries, where multiple memoranda of understanding (MoU) were signed to boost cooperation.

The cabinet highlighted the Kingdom's commitment to strengthening partnerships with the global community across the fields.

The commitment was reinforced during India's 2nd Anti-Corruption Ministerial Meeting of the Group of Twenty (G20).

The meeting also addressed the Riyadh Initiative for Enhancing International Anti-Corruption Law Enforcement Cooperation, which achieved substantial milestones within its respective jurisdictions.

Over 161 anti-corruption agencies from 90 countries have become part of the resultant Global Operational Network of Anti-Corruption Law Enforcement Authorities (GlobE Network).

The cabinet also lauded the outcomes of the international conference hosted by Saudi Arabia and titled "Communication with the Departments of Religious Affairs, Ifta, and Sheikhdoms in the World."

The conference aligns with the Kingdom's dedication to serving Islam and the Muslim community and its proactive involvement in strengthening unity and collaboration among Islamic countries.

It aims to combat radical ideologies and enhance the values of tolerance and harmonious coexistence among diverse populations. The Kingdom reaffirmed its esteemed mission to propagate the principles of moderation and tolerance.

The cabinet followed up on the latest regional developments and global political changes.

The meeting lauded the endeavors of the UN and the Coalition to Support Legitimacy in Yemen, which have successfully managed to unload crude oil from the floating "Safer" tanker positioned off Hodeidah port in the Red Sea.

The cabinet addressed local issues as the new academic year drew near. The Kingdom's dedication and consistent attention to the education sector has played a pivotal role in boosting intellectual growth and skill development while fostering research and innovation to equip individuals to excel globally.

It also asserted that caring for education is consistent with caring for all other sectors in the Kingdom, which yielded achievements across every aspect of the economic and social landscape.

The meeting authorized the Minister of Culture, or a deputy, to hold talks with the Panamanian side on a draft MoU for cooperation in the cultural field between the Saudi Ministry of Culture and the Ministry of Culture of Panama.

It also allowed the Minister of Islamic Affairs, Call, and Guidance, or a deputy, to hold talks with the Belarusian side on a draft memorandum of understanding for cooperation in Islamic affairs between the Saudi Ministry of Islamic Affairs, Dawah, and Guidance and the Commission for Religious and Ethnic Affairs of Belarus.

The cabinet approved the Justice Minister, or a deputy, to discuss with counterpart agencies from other countries a draft cooperation agreement on judicial cooperation between Saudi Arabia and other countries. It authorized the Minister to consult counterpart bodies from different countries on a draft MoU with counterpart agencies from other countries.

The Minister of Communications and Information Technology, or a deputy, was authorized to discuss a draft memorandum of understanding with the Japanese side on cooperation in information technology, communications, and digital economy.

The Minister of Economy and Planning, or a deputy, was also approved to discuss a draft memorandum of understanding in economy and planning with the Bahraini Ministry of Finance and National Economy.

Among his decisions, the cabinet approved the establishment of the Insurance Authority and the National Institute for Health Research and amended Article 5 of the bylaw of the King Salman Park Foundation.

The session also appointed Tareef bin Yousef al-Aama, Shabab bin Saad al-Ghamdi, Abdulrahman bin Saad al-Qahtani, Yasser bin Abdulrahman al-Dheem, Abdulrahman bin Abdullah Eiban, and Riyad bin Ali al-Ghamdi as members board of directors of the Saudi Red Crescent Authority and renewing the membership of Badr bin Saqr al-Otaibi in the board of directors.

The cabinet was also briefed on several issues on its agenda and took the necessary measures.



SDRPY Hosts Yemen Partners Group with UN and International Participation

Officials are seen at the SDRPY-hosted meeting in Riyadh. (SPA)
Officials are seen at the SDRPY-hosted meeting in Riyadh. (SPA)
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SDRPY Hosts Yemen Partners Group with UN and International Participation

Officials are seen at the SDRPY-hosted meeting in Riyadh. (SPA)
Officials are seen at the SDRPY-hosted meeting in Riyadh. (SPA)

The Saudi Program for the Development and Reconstruction of Yemen (SDRPY) hosted in Riyadh on Wednesday a meeting of the Yemen Partners Group (YPG), co-chaired by the Yemeni government, United Kingdom, and World Bank, with the participation of the United Nations and international organizations.

Yemeni Prime Minister and Minister of Foreign Affairs and Expatriates Dr. Shaya Mohsin Zindani; UN Secretary-General’s Special Envoy for Yemen Hans Grundberg; UN Resident Coordinator and Humanitarian Coordinator in Yemen Julien Harneis and Saudi Ambassador to Yemen and SDRPY Supervisor General Mohammed bin Saeed Al Jaber, as well as a number of ambassadors, representatives of international organizations, and donor entities attended the meeting.

Zindani expressed confidence in the new government and its clearly defined priorities that it will work to implement, which will help achieve stability and economic recovery.

He stressed the government’s aim to maximize benefit from the vital projects and initiatives provided by Saudi Arabia through the SDRPY, which offers important support for basic sectors and for boosting development efforts across Yemen.

Zindani expressed his appreciation to Saudi Arabia for its continued support to Yemen, commending the level of cooperation with the SDRPY and its efforts in supporting and empowering national institutions.

For his part, Grundberg emphasized the importance of the development projects provided by the Kingdom, particularly at this stage, noting positive indicators in Yemen, especially improvements in energy-sector stability.

Governor of the Central Bank Ahmed Ghaleb reviewed the bank’s priorities, stressing its commitment to transparency, the need to combat inflation, and the importance of international coordination and support to address challenges.

Al Jaber underscored the importance of continuing joint efforts to overcome obstacles facing peace and development in Yemen under the leadership of the Yemeni government.

The meeting is an important opportunity to learn about the priorities of the government and Central Bank, strengthening coordination to ensure that development and financial support is directed efficiently and effectively, and to assist donor entities and international organizations in aligning their interventions with the government’s priorities, he added.

The meeting reviewed a package of Saudi development projects worth SAR1.9 billion provided to Yemen in January, which helped boost energy-sector stability through the fuel derivatives grant, ensuring the continued operation of hospitals and vital service facilities.

It reviewed other development projects and initiatives scheduled for delivery during the coming period.


Saudi Foreign Minister Receives Letter on Bilateral Ties from Russian Counterpart

Vice Minister of Foreign Affairs Waleed Elkhereiji and Russian Ambassador to the Kingdom Sergey Kozlov meet in Riyadh on Wednesday. (SPA)
Vice Minister of Foreign Affairs Waleed Elkhereiji and Russian Ambassador to the Kingdom Sergey Kozlov meet in Riyadh on Wednesday. (SPA)
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Saudi Foreign Minister Receives Letter on Bilateral Ties from Russian Counterpart

Vice Minister of Foreign Affairs Waleed Elkhereiji and Russian Ambassador to the Kingdom Sergey Kozlov meet in Riyadh on Wednesday. (SPA)
Vice Minister of Foreign Affairs Waleed Elkhereiji and Russian Ambassador to the Kingdom Sergey Kozlov meet in Riyadh on Wednesday. (SPA)

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah received on Wednesday a letter from Russian Foreign Minister Sergei Lavrov on bilateral relations and ways to support and boost them across various fields.

The message was received on behalf of the Foreign Minister by Vice Minister of Foreign Affairs Waleed Elkhereiji during a meeting in Riyadh with Russian Ambassador to the Kingdom Sergey Kozlov.

They reviewed bilateral relations and discussed issues of mutual interest.


NAUDI Chairman to Asharq Al-Awsat: Ukraine Aims to Resume, Expand Defense Cooperation with Saudi Arabia

Chairman of the National Association of Ukrainian Defense Industries (NAUDI) Serhii Pashynskyi. (Asharq Al-Awsat)
Chairman of the National Association of Ukrainian Defense Industries (NAUDI) Serhii Pashynskyi. (Asharq Al-Awsat)
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NAUDI Chairman to Asharq Al-Awsat: Ukraine Aims to Resume, Expand Defense Cooperation with Saudi Arabia

Chairman of the National Association of Ukrainian Defense Industries (NAUDI) Serhii Pashynskyi. (Asharq Al-Awsat)
Chairman of the National Association of Ukrainian Defense Industries (NAUDI) Serhii Pashynskyi. (Asharq Al-Awsat)

Chairman of the National Association of Ukrainian Defense Industries (NAUDI) Serhii Pashynskyi revealed that Kyiv was counting on Saudi Arabia to achieve peace and stability in Ukraine given its role as a “significant and authoritative regional leader”.

In an interview to Asharq Al-Awsat, he said: “We aim in the near future to define concrete plans for the renewal and further expansion of Ukrainian-Saudi defense cooperation.”

He made his remarks as NAUDI took part in the World Defense Show 2026 in Riyadh.

“We are open to considering opportunities for establishing joint ventures, developing specific technologies, and localizing production on the territory of Saudi Arabia. We are ready to deepen cooperation that has been actively developing since 2014,” Pashynskyi said.

“Our participation in World Defense Show 2026 has a clear objective: to demonstrate the technological capability of Ukraine’s defense sector, which has undergone real testing in wartime conditions. At the joint NAUDI stand, we present our latest developments with confirmed combat experience, share practical insights into their operational use, and discuss tactics of employment,” he explained.

“Today, member companies of the Association already maintain dozens of international contracts in the format of industrial cooperation, and the geography of our partnerships continues to expand. This is precisely the message we seek to convey to our international and regional partners,” he stated.

Saudi-Ukrainian military cooperation

Commenting on military cooperation between Saudi Arabia and Ukraine, he said: “Prior to the full-scale invasion, there was active and effective cooperation between Ukraine’s defense-industrial complex and the Kingdom’s defense institutions and companies.”

“We are interested in restoring these contacts. In line with the position of Ukrainian President Volodymyr Zelenskyy, regarding controlled exports, we aim in the near future to define concrete plans for the renewal and further expansion of Ukrainian-Saudi defense cooperation,” he went on to say.

Moreover, Pashynskyi revealed that an official intergovernmental agreement between the Ukrainian and Saudi governments on cooperation in the field of defense was signed in Kyiv on February 5, 2020, and duly approved by the respective governments.

“The agreement establishes a comprehensive legal framework for bilateral defense interaction. It covers cooperation between the defense industries of both countries, military education and personnel training, exchange of information in the field of defense technologies, transfer of specific military technologies and equipment, including electronic, radar, and telecommunications systems, as well as issues related to defense medical support,” he explained.

“Ukraine highly values the principled and consistent position of Saudi Arabia, which is based on unwavering respect for the provisions of the UN Charter and the fundamental principles of international law, particularly with regard to ensuring territorial integrity and protecting state sovereignty,” he added.

“An important moral and humanitarian component of Ukrainian-Saudi relations is the Kingdom’s sincere solidarity with the Ukrainian people, which is reflected in the humanitarian assistance provided, particularly to support internally displaced persons,” he told Asharq Al-Awsat.

Ukrainian products at the World Defense Show

Elaborating on the Ukrainian products displayed at the World Defense Show, Pashynskyi said: “NAUDI member companies produce a full spectrum of defense products, from 7-inch FPV drones to the Bohdana self-propelled artillery system, which is physically displayed at the exhibition.”

“Ukraine has become a global pioneer in the mass combat use of FPV drones, as well as in the development and deployment of maritime unmanned platforms. We possess unique and extremely valuable experience in operating these systems under real combat conditions,” he stressed. “The private sector accounts for more than 70% of Ukraine’s total defense-industrial production.”

Among the key exhibits are the Bohdana self-propelled howitzer, manufactured in significant quantities by the company Ukrainian Armor and actively employed in combat operations; the Varta armored vehicle; the Protector unmanned ground system; the MAC maritime drone; reconnaissance UAVs Shark, PD-2, mini Shark, and Furia; the Krechet air defense command-and-control system; heavy drones Kazhan and Shmavik; UAV munitions produced by UBM; FPV drones manufactured by General Cherry; and electronic warfare systems developed by Piranya Tech.

Preserving lives

Pashynskyi revealed that more than 50% of the needs of Ukraine’s Defense Forces are currently met by the domestic defense-industrial complex, from FPV drones to cruise missiles, 155-mm artillery systems, ammunition, electronic warfare (EW) and electronic intelligence (ELINT) systems.

“According to last year’s results, NAUDI member companies supplied the Defense Forces with products worth approximately EUR 4 billion,” he said. “Since 2022, the industry has undergone large-scale relocation and deployment of new production facilities. Today, Ukraine is without exaggeration one of the world’s leaders in the pace of weapons and ammunition production.”

“Our primary priority is preserving the lives of service members. That is why special emphasis is placed on unmanned systems that enhance soldier effectiveness without replacing the soldier,” he continued.

“A key advantage is the direct connection with frontline units. This allows manufacturers to receive real-time feedback and rapidly modernize their solutions. While R&D processes in other countries may take years, for Ukrainian companies the path from concept to serial production often takes just 3 to 6 months.”

“Some companies have increased FPV drone production from several thousand units in 2023 to over 500,000 units in 2025 and these are not isolated cases,” Pashynskyi revealed.