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Support for Kingdom's steps toward WTO entry

Washington, 28 October 2000
Participants in the economic dialogue between member states of the Gulf Cooperation Council (GCC) and the United States support steps taken by the Kingdom of Saudi Arabia to join the world trade organization (WTO).

In the concluding session, the Jeddah-based Arabic newspaper ‘Okaz’ has quoted Osama Muhammad Kurdi, secretary general of the Council of the Chamber of Commerce who participated in the dialogue, as saying that the participants welcomed the new foreign investment rules introduced by the Kingdom.

The Committee of Economic Dialogue between the GCC states and the U.S. held its 10th meeting in Washington from October 24-25.

The gulf side was chaired by Dr Jubara Al-Serseri, Deputy Minister of Finance and National Economy in the Kingdom, who is the general coordinator of the talks between the two sides, while the American side was led by Robert Mallet, Assistant Secretary of Commerce.

In the concluding session, the two sides focused on ways that would ensure the expansion of economic cooperation between the GCC states and the U.S. on one hand and increasing trade exchange and investment between the two sides on the other.

Dr Al-Aseri pointed out that the U.S. welcomes and supports the concrete steps taken by the Kingdom toward joining WTO. “The two sides discussed the impact of globalization on the GCC states, as well as the utilization of e-commerce as a tool for entering international markets,” he said.

Source: SPA

Investment in energy conference

Riyadh, 28 October 2000
Prince Abdullah bin Faisal bin Turki, the Mayor of General Commission for Investment and Dr. Hashim bin Abdullah Yamani, the Minister of Industry and Electricity opened here on Saturday the International Conference on Investment in Energy in cooperation with the British organization of C.W.C.I.

In his speech to the conference, Prince Abdullah stressed that the Kingdom is the best choice for the international investors.

Source: SPA

Pilgrim transportation agreement signed in Malaysia

Kuala Lumpur, 27 October 2000
Prince Sultan bin Abdul Aziz, Second Deputy Premier, Minister of Defense and Aviation and Inspector General of the Kingdom of Saudi Arabia, on a state visit to Malaysia, today patronized a signing ceremony of an agreement between the Saudi Arabian airlines (Saudia) and Malaysian hajj organization for airlifting Malaysian pilgrims this year.

Upon arrival at the venue of the event, Prince Sultan was received by Dr. Abdulhameed Othman, Cabinet Minister in charge of hajj and Islamic affairs of Malaysia, and Dr. Khalid bin Abdullah bin Bakr, Director General of Saudia.

Source: SPA

Shura Council calls for the creation of a Wheat Strategic Reserve

Riyadh, 24 October 2000
The Shura Council, at a regular session under the chairmanship of Council's Chairman Sheikh Mohammed Ibrahim bin Jubier here today resumed its debate on the annual report of the General Establishment for Grain Silos and Flourmills for the year 1419-1420AH. The meeting called for the creation of a Strategic Wheat Reserve to deal with any emergency that might arise. The meeting also stressed the importance of looking into other less-water-consuming alternatives to barley as fodder for livestock.

The meeting then discussed several bilateral agreements and suggestions, e.g. to dissolve the Hajj Transportation Society to pave the way for a joint stock Hajj Transportation Company.

Source: SPA

Saudi barley imports worth SR854 million

Riyadh, 24 October 2000
Saudi barley imports for the second quarter of 2000 amounted to SR854 million, it was reported here today. The Information Center of the Custom Department said the biggest barley exporters to Saudi Arabia were Germany, Belgium and Holland.

Source: SPA

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 June 28, 2001 15:34:31