3rd Anniversary of Pledge Of Allegiance To Saudi Crown Princes Reforms Restore Kingdom’s Glory

RIYADH | SAUDI ARABIA – Saudi Arabia marks in June the third anniversary of the pledge of allegiance to Crown Prince Mohammed bin Salman Bin Abulaziz Al Saud, Deputy Prime Minister and Minister of Defense. Saudis believe that the changes that he has introduced, with the blessing of Custodian of the Two Holy Mosques King Salman Bin Abdulaziz Al Saud, marked a turning point in the Kingdom.

With his youth and long-term vision, Crown Prince Mohammed forged ahead with reform that supports the nations, citizens and residents alike. Through Vision 2030, he is striving to change the stereotypical image of Saudi Arabia as an oil source to a country with a diversified economy, while also improving living standards, cultural awareness and development.

Politically

In his third year as Crown Prince, observers hailed the major role he played in several important political fields. The strategic relationship with the United States grows stronger, while Saudi Arabia has also pursued high level contacts with Russia over international Political and economic issues. Saudi Arabia’s ties with China are also at their best through the savvy guidance of the Crown Prince.

Moreover, his Efforts have transformed the Saudi capital, Riyadh, into a mainstay in the international community. In line with his statements that economy drives politics forward, Prince Mohammed has contacted global leaders to strike economic deals that support Saudi Political policies at international areas. Significantly, the Kingdom is the G20 president for 2020, meaning all decisions impacting the world must pass through Riyadh. The improvements in the Kingdom have been recognized by global economic agencies, confirming the soundness of its decision and Vision 2030.

Socially

Prince Mohammed’s reforms are taking place in all sectors. He has sought to improve the quality of life in Saudi Arabia and boost Saudi Tourism. Quality of life is among the main aspects of the Vision 2030 and the transformation in the Kingdom has encouraged citizens and residents to set aside traveling abroad in favor for discovering the beauty of their own country.

Saudis rejoiced with Prince Mohammed’s moves to return the Kingdom back to its former normal life. Museums and cinemas have been opened and concerts for global and Saudi artists have been held in Riyadh, Jeddah and other cities. Women are now allowed to drive and they can also travel with permission from their guardians, allowing them to play a greater role in society.

Moreover, living in the age of innovation has paved the way for nontraditional projects, most significant of which are NEOM in northwestern Saudi Arabia, Qiddiya, the world’s largest entertainment megaproject, and the Red Sea project.

Saudi Aramco

Furthermore, Prince Mohammed fulfilled his pledge to transform Saudi Aramco from an oil producing company into a global industrial conglomerate. In 2016, he decided on a public stock offering to sell 5% of the world’s biggest oil producer. Described at the time as a risk, Prince Mohammed proved skeptics wrong with the initial public offering (IPO) in December, when it began trading for the first time, gaining 10% in the first moment on the market and pushing its worth to $1.88 trillion, making it the most valuable listed company in the world.

Public Investment Fund

With the economy flying, Prince Mohammed sough to developed the Public Investment Fund (PIF) to transform into one of the world’s largest sovereign funds. Its diverse portfolio investments has seen it buy shares in major global companies, such as Boeing, Facebook, Citigroup, Disney and Bank of America. It has also disclosed an $827.7 million investments in Britis oil giant BP.

In order for Saudi Arabia to continue to develop itself, it established a number of authorities and ministries, including the Ministries of Tourism, Investment and Sports. It also merged other ministries in order to allow the private sector to contribute effectively in the next stage of the national development program.

Coronavirus Pandemic

Ten years before the completion of Vision 2030, the world is witnessing an unprecedented crisis caused by the novel coronavirus pandemic. Many countries have failed to confront the outbreak, but the Fitch ratings agency in April declared the strength of the Saudi economy and the effectiveness of its reforms.

Prince Mohammed chairs the higher coordination committee that tackles crises and the Kingdom had taken dozens of measures to confront the pandemic and ease its impact on individuals, business and the economy. It adopted a number of financial, fiscal and economic initiatives, worth 177 billion riyals (47.2 billion dollars) or neatly 9 percent of the Kingdom’s GDP. Nine billion riyals alone have been dedicated to protecting Saudi employees in the private sector and ensure that they do not lose their jobs.


Saudi Opens Consular Section Of Kabul Embassy As Of Tuesday – State News Agency

PARIS, France – Saudi Arabia announced that it was opening the consular section in its embassy in Afghani capital of Kabul as of Tuesday to provide consular service to Afghani citizens, state news agency (SPA) report. In August, Saudi evacuated all of its diplomats from the embassy in Kabul after the Taliban movement overtook the … More Saudi Opens Consular Section Of Kabul Embassy As Of Tuesday – State News Agency

Saudi Arabia Halts Flights From More African Nations – State News Agency

PARIS, France – Saudi Arabia’s Ministry of Interior halted flights from and to Malawi, Zambia, Madagascar, Angola, Seychelles, Mauritius and the Comoros Islands on Sunday owing to concerns related to the spread of the new COVID-19 strain, state news agency SPA reported on Twitter. Saudi Arabia on Friday suspended flights to and from South Africa, Namibia, … More Saudi Arabia Halts Flights From More African Nations – State News Agency

Turkey Closes Borders To Five Countries Due To New COVID-19 Variant

PARIS, France – Turkey closed its borders to passengers from five countries as a measure against the new coronavirus variant, Turkish Health Minister Fahrettin Koca said on Friday. Travellers from Botswana, South Africa, Mozambique, Namibia and Zimbabwe will not be allowed to enter as of Friday night due to rising cases of the new variant, Koca … More Turkey Closes Borders To Five Countries Due To New COVID-19 Variant

Saudi – Led Coalition Carries Out Strikes In Yemeni Capital Sanaa – State TV

PARIS, France – The Saudi – led coalition fighting in Yemen said early on Saturday it launched air strikes on military targets in the Yemeni capital, Sanaa, asking civilians not to gather around or approach the targeted sites, Saudi state TV reported. The coalition, which intervened in Yemen in March 2015 after the Iran – … More Saudi – Led Coalition Carries Out Strikes In Yemeni Capital Sanaa – State TV

Oman Bans Travellers From 7 Southern African States Over COVID Variant

PARIS, France – – Oman has suspended entry to travellers from South Africa, Namibia, Botswana, Zimbabwe, Mozambique, Lesotho and Eswatini starting from Nov.28 due to the spread of a new variant of COVID – 19 discovered in South Africa, the country’s state news agency said in a tweet on Saturday.

Saudi Arabia Suspends Flights To And From Seven Southern African States Over COVID

PARIS, France – Saudi Arabia has suspended flights to and from seven southern African nations due to concentration related to the spread of the new variant of COVID-19. According to a statement carried by the state news agency (SPA), the seven countries are South Africa, Namibia, Botswana, Zimbabwe, Mozambique, Lesotho and Eswatini. A senior official in … More Saudi Arabia Suspends Flights To And From Seven Southern African States Over COVID

Saudi Arabia To Lift Entry Ban From Six Countries, Including Egypt, Pakistan And India

JEDDAH: Saudi Arabia on Thursday announced that it will lift an entry ban on expats from six countries that was introduced to curb the spread of COVID-19. Saudi Arabia’s Ministry of Interior issued directives to allow direct entry for full vaccinated expatriated from Indonesia, Pakistan, Brazil, Vietnam, Egypt and India without the need to spend … More Saudi Arabia To Lift Entry Ban From Six Countries, Including Egypt, Pakistan And India

Saudi Arabia Working On 160 Privatisation, Says Finance Minister

PARIS, France – Saudi Arabia is working on 160 privatisations and intends to announce more next year, Finance Minister Mohammed al – Jadaan said on Thursday. Speaking at a financial forum in Riyadh, he said plans to privatise assets in the education and logistics sectors were ongoing. Earlier this year, Saudi Arabia suspended the privatisation of … More Saudi Arabia Working On 160 Privatisation, Says Finance Minister

Loading…

Something went wrong. Please refresh the page and/or try again.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s