Big investors show confidence in Saudi Arabia

Elias Hubbard
March 14, 2019

During the official inauguration of the Visa Application Centre in Al Khobar on March 5, 2019, Dominique Mineur, Ambassador of Belgium to the Kingdom of Saudi Arabia, said, "We are pleased to open our third Visa Application Centre in Al Khobar following the success of Jeddah and Riyadh centres". While in China, Saudi Arabia's biggest trading partner (bilateral trade a year ago reportedly worth $42.36 billion), the Crown Prince concluded his stay with 12 agreements on cooperation in various fields.

Many wrestling fans would prefer if WWE would avoid working with the Crown Prince's regime entirely, and important WWE Superstars Daniel Bryan and John Cena did not appear at Crown Jewel because of the atrocities committed by the Saudi Arabian government.

According to Qutub, the congress "gives momentum" to the maritime sector in line with Vision 2030, which greatly depends on maritime logistics.

Meanwhile, Minister of Transport Nabil al-Amoudi stressed the importance of developing the maritime industry in order to expand the logistics services in the Kingdom.

Jeddah - Suwaid Bin Sakher Street, Al Mohammadiya District 1, Kingdom of Saudi Arabia.

Crown Prince Mohammed bin Salman with Chinese President Xi Jinping in Beijing
Crown Prince Mohammed bin Salman with Chinese President Xi Jinping in Beijing

Hayman continued: "In 2014, there were 17 countries represented at this event. This year we have 36 countries, the exhibition booth area has doubled in size, and we are expecting more than twice as many attendees".

The opening of the congress was led with a high-level keynote session "At the Heart: The Powerhouse, The Hub", which explored the growing contribution from the private sector to the national economy and foreign direct investment opportunities in the kingdom.

Saudi Arabia seeks to develop its nascent tourism sector as the world's top oil exporter diversifies the economy from hydrocarbons and introduces social reforms.

The congress enables sector professionals to network, do business and build and enhance relationships whilst discussing industry topics within detailed conference sessions.

Immediately after Saudi Arabia was implicated in Khashoggi's murder, Endeavor started moving towards returning the investment that was made from the Saudi Public Investment fund that was supposed to help the Hollywood based company continue their expansion.

Other reports by Click Lancashire

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