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Saudi Arabia and Azerbaijan sign energy deal

RIYADH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman met his Azerbaijani counterpart Parviz Shahbazov on Wednesday to discuss bilateral cooperation in the fields of energy, including renewables, Saudi Press Agency reported. During the meeting, the pair signed an energy cooperation agreement covering oil, petrochemicals, gas, electricity and energy efficiency. The deal also outlines cooperation in the field of circular carbon economy and related technologies that seek to mitigate the impact of climate change.
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“42% Increase in Passengers at Saudi Airports in First 4 Months of 2023”

RIYADH: Fueled by significant growth in the Saudi travel and tourism sector, air traffic witnessed a strong rebound during the first four months of 2023, recording a 42 percent increase in the number of passengers compared to the same period last year. According to the latest report issued by the General Authority of Civil Aviation, the number of passengers jumped to 35.8 million in the first four months of 2023, up from 25.3 million during the same period last year.
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Saudi company invests in Italian chemical manufacturer

RIYADH: Saudi Arabian Industrial Investments Co., also known as Dussur, has announced the acquisition of a stake in Italmatch Chemical, a global specialty chemical additive manufacturer based in Italy, the Saudi Press Agency reported. The announcement was made at a ceremony held in Riyadh on Monday. It was attended by Saudi Energy Minister Prince Abdulaziz bin Salman, Investment Minister Khalid Al-Falih, and Minister of Industry and Mineral Resources Bandar Alkhorayef.
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NEOM’s First International Exhibition in Venice

RIYADH: NEOM launched its first international exhibition in Venice while presenting the key design principles underlying The Line, the Saudi Press Agency reported on Sunday. Called “Zero Gravity Urbanism — Principles for a New Livability,” the exhibition plays host to more than 20 of the world’s leading architects and innovative designers. 
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Saudi Sports Booming: Awards and Expo Showcasing

RIYADH: The Saudi Sports for All Federation on Saturday concluded the first SFA Expo in the presence of Prince Khaled bin Alwaleed bin Talal Al Saud. The President of the Saudi Sports for All Federation was joined by Khalid Abdullah Albaker, CEO of Quality of Life,  Shaima Saleh Al-Husseini, SFA Managing Director, and Kholoud Al Junaibi, Secretary-General of UAE Sports for All Federation.
Business

Saudi Industrial Sector Attracts $144 Billion in Foreign Joint Investments

RIYADH: Saudi Arabia is rapidly expanding its industrial sector with foreign and joint investments totaling more than SR542 billion ($144 billion), as the Kingdom continues to diversify its economy.   This value represents 37 percent of the total investment seen in the industrial sector, the Saudi Press Agency reported.   The number of factories with foreign investment in the Kingdom has reached 930, accounting for 9 percent of the total number of factories, the report added.  
Business

Saudi Minister Emphasizes Energy Collaboration with Arab and OPEC+ Nations for Global Oil Markets.

JEDDAH: Saudi Arabia’s Minister of Energy Prince Abdulaziz bin Salman on Thursday said the Kingdom’s interest in energy cooperation with Arab countries is an integral part of its policy to strengthen its deep relations in all fields. Prince Abdulaziz said that this cooperation is embodied in coordination for joint Arab action in numerous projects, programs and initiatives, the Saudi Press Agency reported.
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