Maldives Strongly Condemns Houthi Militia’s Terrorist Attacks on King Abdullah Airport in Jazan

Male, The Government of the Maldives strongly condemned the drone attack that targeted King Abdullah Airport in Jazan, injuring a number of people.

It said in a statement that the recent escalation of such terrorist attacks targeting civilian areas and economic infrastructure highlights the growing danger to the region’s security and stability, and undermines the efforts of the concerned parties and the international community to find peaceful solutions to the conflict.

The Maldives government affirmed its solidarity with the government of the Kingdom of Saudi Arabia and its brotherly people, affirming its commitment to stand against terrorism in all its forms and manifestations.

Source: Saudi Press Agency

Minister Al-Fadli Inaugurates Kyrgyz Exhibition Activities in Riyadh

Riyadh, The Minister of Environment, Water and Agriculture, Eng. Abdulrahman Al-Fadhli, inaugurated today the Kyrgyz exhibition, which is organized by the Ministry, in cooperation with the Embassy of Kyrgyzstan, attended by the Kyrgyz Minister of Culture, Information, Sports and Youth Policies Azamat Zhamankulov, Deputy Minister of Agriculture of Kyrgyzstan Azamat Mukachev, Kyrgyz Acting Minister of Investment Nuradil Bayasov and the Kyrgyz Ambassador to KSA Ulukbek Maripov, and other senior officials and businessmen from both sides.

The ministry is organizing the four-day exhibition in the Digital City in Riyadh, based on its leading role of the Saudi side in the Saudi-Kyrgyz Joint Committee.

The ministry said the exhibition aims to develop bilateral ties, through cultural awareness of the Kyrgyz Republic, displaying Kyrgyz products to Saudi society, as well as introducing tourist destinations in Kyrgyzstan, adding that the number of participants in the exhibition activities amounted to more than 25 exhibitors representing various businessmen and industrial companies.

The ministry noted that a forum for businessmen and the Chamber of Commerce and Industry will be held on the sidelines of the exhibition on February 27, 2022, which will include workshops on aspects of common interest and discussion sessions on topics that concern the business community.

Source: Saudi Press Agency

SFD Signs Postponment of Debt Service Payment with Togo

Riyadh, The Saudi Fund for Development (SFD) signed today, in the Republic of Togo, a bilateral agreement to postpone the debts due for development projects financed by the SFD in Togo, with the Togolese Minister of Trade, Industry, and Local Consumption, in the presence of a number of officials from both sides.

This comes as a continuation and implementation of the initiative of the G20, headed by the Kingdom of Saudi Arabia, for the year 2020, regarding the postponement of debts owed by the least developed and poorest countries, and based on motivating countries to take advantage of the created financial space to increase social, health and economic spending to face the repercussions of the Corona pandemic.

The SFD delegation, during its visit to Togo, took a field tour to follow up the progress of the Sokode-Bassar Road Rehabilitation Project, which is financed by the SFD with an estimated value of $17 million.

These projects aim to reduce injuries and deaths resulting from traffic accidents. The delegation also met with a number of project officials in the Ministry of Public Works and Transport and the Ministry of Finance in Togo to discuss the project’s work and stages of completion.

Source: Saudi Press Agency

President of Sudanese Transitional Sovereign Council Congratulates Saudi Leadership on the Occasion of Founding Day

Khartoum, President of the Sudanese Transitional Sovereign Council General Abdel Fattah Al-Burhan Abdelrahman Al-Burhan congratulated the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud on the occasion of his country’s Founding Day.

In a cable sent to the Custodian of the Two Holy Mosques, the President praised the Kingdom of Saudi Arabia’s comprehensive development achievements over the past decades, stressing the Republic of Sudan’s keenness to consolidate the brotherly bonds and joint cooperation relations with the Kingdom of Saudi Arabia.

The President of the Sudanese Transitional Sovereign Council also congratulated His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense, on the occasion of the Founding Day.

In a cable sent to HRH the Crown Prince, the President expressed his hope that the Kingdom of Saudi Arabia would witness further progress and prosperity.

Source: Saudi Press Agency

Aramco Closes Gas Pipeline Deal with Global Investor Consortium

Dhahran, Saudi Arabian Oil Company (Aramco) and an international investor consortium, led by affiliates of BlackRock and Hassana, announced today the successful closing of the lease and leaseback deal previously announced on December 6, 2021. The consortium has acquired 49% stake in Aramco Gas Pipelines Company, a subsidiary of Aramco, for $15.5 billion. The consortium comprises leading institutional investors including, amongst others, Keppel Infrastructure Trust, Silk Road Fund, and China Merchants Capital.

This long-term investment by the consortium represents further progress in Aramco’s portfolio optimization program and highlights the strong investment opportunities presented by Aramco’s significant infrastructure assets. It also underlines Aramco’s strong long-term outlook and the appeal of the Kingdom of Saudi Arabia to leading institutional investors.

As part of the transaction, first announced in December 2021, Aramco Gas Pipelines Company and Aramco entered into a 20-year lease and leaseback arrangement in connection with Aramco’s gas pipeline network. Under this arrangement, Aramco Gas Pipelines Company will receive a tariff payable by Aramco for the specified gas products that flow through the network, backed by minimum commitments on throughput. Aramco retains a 51% majority stake in Aramco Gas Pipeline Company, and also retains full ownership and operational control of the gas pipeline network. The transaction does not impose any restrictions on Aramco’s production volumes.

The announcement follows the closing of a $12.4 billion infrastructure transaction in connection with Aramco’s stabilized crude oil pipeline network in June 2021.

Concurrent with closing of this transaction, Aramco has also signed a memorandum of understanding (MoU) with BlackRock, to explore joint opportunities in future energy transition projects related to low carbon energy infrastructure. The MoU reinforces the relationship with BlackRock, enhancing opportunities for possible future collaborations.

Aramco President and CEO, Amin bin Hassan Nasser, said: “This agreement is our second landmark infrastructure transaction in less than a year and another major step forward in our long-term value creation strategy. The participation of the consortium led by BlackRock and Hassana underlines the appeal of Aramco’s portfolio to leading global investors as Saudi Arabia’s economic transformation builds momentum, requiring a robust energy infrastructure and network that are vital to meet the needs of an expanding industrial sector.

At the same time as Aramco raises gas production and seeks new opportunities in low-carbon energy sources over the next decade, the importance of our energy infrastructure in relation to global energy security and reliability is expected to grow in significance.”

Abdulaziz bin Mohammed Al-Gudaimi, Aramco Senior Vice President of Corporate Development, said: “We remain focused on maximizing the potential of our assets and assessing new investment opportunities to further enhance our robust balance sheet. The gas infrastructure transaction with BlackRock and Hassana is a testament of the relationship with the global investors and emphasizes gas as a key pillar to grow in domestic and international markets.”

Larry Fink, Chairman and CEO of BlackRock, said: “We are pleased to close this landmark transaction and deepen our partnership with Aramco by signing a Memorandum of Understanding to develop low carbon energy infrastructure together. Getting to a net zero world will not happen overnight. It requires us to shift the energy mix in incremental steps to achieve a green energy future. Bold, forward-thinking incumbents like Aramco have the technical expertise and capital to play a crucial role in this transformation, and we look forward to our future collaboration.”

Saad bin Abdulmohsen Al-Fadly, CEO of Hassana Investment Company, added: “We are delighted to achieve closing of this landmark transaction which highlights our focus to invest in critical infrastructures in the Kingdom of Saudi Arabia. We look forward to working with our partners at Aramco and BlackRock to make this a successful long-term investment.”

Source: Saudi Press Agency

Works of 11th Meeting of Technical Scientific Advisory Committee of the Council of Arab Health Ministers Kick off

Cairo, The works of the 11th meeting of the Scientific Technical Advisory Committee of the Council of Arab Health Ministers kicked off here today under the chairmanship of Egyptian Assistant Minister of Health for Public Health Projects and Initiatives Dr. Mohamed Hassany, with the participation of senior health officials in the Arab countries.

The Kingdom of Saudi Arabia was represented at the meeting by Supervisor General of the Health Infrastructure Program at the Ministry of Health Dr. Mohammed Khashoggi.

Source: Saudi Press Agency

Director of “Adaa” Center Receives Ambassador of the Netherlands to Saudi Arabia

Riyadh, Director General of the National Center for Performance Measurement “Adaa” Eng. Rashid Al-Qaood received here today Ambassador of the Kingdom of the Netherlands to the Kingdom of Saudi Arabia Janet Alberda, and her accompanying delegation.

During the meeting, Eng. Al-Qaood reviewed the establishment of the center, its works and activities, and the role it plays in the field of performance measurement, in a way that supports and enhances government performance in its various sectors.

Source: Saudi Press Agency

AlUla Witnesses Launch of First Edition of “Cortona on the Move AlUla”

Madinah, The official launch of the first edition of Cortona on the Move AlUla took place this weekend. The founders and officials of the original Cortona on the Move in Tuscany, Italy, were in attendance with a group of international media and artists whose work is being exhibited in the site-responsive narrative photography festival.

It’s another first for the emerging arts capital of the Kingdom, AlUla, and is part of the inaugural AlUla Arts festival which runs from February 13 to March 31.

Invitees gathered at the Cortona Hub in the new Aljadidah precinct to hear from Sumantro Ghose, Artist Programming Director at Royal Commission for AlUla, Arianna Rinaldo – one of two curators of the exhibition alongside Saudi artist Kholood Albakras – well as Veronica Nicolardi, Director of COTM before doing a full tour of the 15 sites.

“AlUla is a place with narrative at its heart. Every landscape tells a story – a story of continuity, where time and nature have shaped epic and sweeping vistas,” said Ghose. “Today we welcome a global collective of visual storytellers to share their perspectives and respond to our unique environs.”

The title of the exhibition, Past Forward – Time, Life and Longing came together organically as conversations with the artists evolved.

Themes in the first edition of Cortona on the Move AlUla range from important and emotive stories from artists Tanya Habjouqa’s Tomorrow There will be Apricots, and Omar Iman, Live, Love, Refugee and climate change with Simon Norfolk’s, Shroud and Mohammad AlFaraj’s Guardians of the Oasis.

“We are facing the extinction of the oasis”, said Mohammad AlFaraj. “I decided to document this issue that is not well covered by media and not known by the pubic – the second part is more positive, trying to find ways of dealing with the situation.”

Bahrain artist Ali Al Shehabi is exhibiting his series of photographs, Men of the Pearl for the first time. The artworks showing khaleeji men in their households doing everyday domestic things, Ali says the idea was to counteract a dying art of having photos printed in frames of family members around the house.

Ali says about the Cortona on the Move AlUla, “Exhibiting here and being here is different and very unique, it gives the works a new life and meaning being outside of your typical gallery environment. Visitors get a sense not only of the artworks but of the city and the special energy that resonates with the experience the artworks and the heritage. The theme really suits the works, it means something, it’s more than a snap of a camera, bigger than the photography, we are dealing with topics that mean a lot.”

Other artworks selected include a 10 metre high selection from Adel Al Quraishi’s Vast Land Vast Faces with a striking image of a grave-digger.

And from pervious Cortona on the Move editions in Italy, topics deal with future, ageing and nostalgia, as in Alejandro Chaskielberg’s Ostuchi Future Memories, and Phillip Toledano’s Maybe.

The weekend launch events included an in conversation with three of the artists and a series of workshops for the public.

Public guided tours of the exhibition will be available on Fridays from February 25 to March 25 at 4:30pm and 8:30pm and for families on Saturdays at 10am and 4pm. Both available in English and Arabic.

A special masterclass for students aged 14 – 18 years will be run on March 11th.

The exhibition is free to the public and there are a series of indoor and outdoor sites. Visitors can download a map of the sites through the following link:

https://www.experiencealula.com/EAPortal/media/SiteMedia/map-with-list-artists-01.jpg

To know more about the exhibition, the artists and the artworks, please visit the following link:

https://livingmuseum.com/ArtsAlUla/contemporaryart/cortonaonthemove

Source: Saudi Press Agency

CEO of SFD Receives National Director of Projects with Bilateral External Financing of Argentina

Riyadh, CEO of the Saudi Fund for Development (SFD) Sultan bin Abdulrahman Al-Marshad received here today National Director of Projects with Bilateral External Financing of Argentina Matias Mana.

During the meeting, they discussed areas, projects and programs of common interest, as well as coordinating cooperation and efforts in the development fields to enhance the bilateral relations between the Kingdom of Saudi Arabia and the Republic of Argentina.

Source: Saudi Press Agency

Saudi Arabia’s Pavilion at Expo 2020 Dubai Highlights Founding Day

Dubai, The Kingdom of Saudi Arabia’s pavilion at Expo 2020 Dubai highlighted the Founding Day of the Saudi state with a number of events.

This comes as part of the Kingdom’s pavilion keenness to highlight and consolidate the values associated with this distinguished national occasion, and to present the diverse cultural and social heritage of the Saudi community to the global audience.

Source: Saudi Press Agency

Commander of Royal Saudi Naval Forces Receives Chief of Staff of French Navy

Riyadh, Commander of the Royal Saudi Naval Forces Lieutenant General Fahd bin Abdullah Al-Ghufaili has received here Chief of Staff of the French Navy Admiral Pierre Vandier, and his accompanying delegation.

During the meeting, they discussed ways to develop cooperation, training and exchange of experiences between the Royal Saudi Naval Forces and the French Navy.

Source: Saudi Press Agency