Interior minister approves new strategy of the Supreme Authority for Industrial Security    Saudi banking assets hit record high at SR4.94 trillion    Civil Defense warns of caution amid NCM forecast of heavy rain in Jeddah and other governorates of Makkah    GCC imposes anti-dumping duties on automotive batteries from China, Malaysia    Three Saudi cities join UNESCO's Global Network of Learning Cities    95.7% of adults in Saudi Arabia enjoy healthcare benefits    Saudi Arabia ranks 5th globally, first in Arab world in AI sector growth SDAIA Academy trains over 1 million Saudis in data and AI skills    Saudi FM, ICRC Chief discuss humanitarian cooperation in phone call    Russia launches new strikes on Ukraine after Zelensky's 'constructive' call with Trump team    Soldiers announce dissolution of Benin government in apparent coup    Hegseth defends deadly cartel boat strikes, says Trump can take military action 'as he sees fit'    Mohamed Salah says Liverpool have "thrown him under the bus" as relationship with Slot collapses    Saudi creatives shine in Starbucks Design Competition celebrating Year of the Handicraft    Trump presents Kennedy Center honors, calls 2025 class 'most accomplished ever'    Hong Kong votes in LegCo election as city mourns deadly Tai Po fire    Who are the early favourites for the 2026 World Cup? Form, data and draw analysis    Saudi Arabia drawn with Spain, Uruguay and Cape Verde in 2026 World Cup Group H    Saudi Arabia advance to Arab Cup quarterfinals with 3-1 win over Comoros    Netflix to buy Warner Bros film and streaming businesses    Mexico's Fatima Bosch, who walked out on organisers, crowned Miss Universe    The key to happiness    Sholay: Bollywood epic roars back to big screen after 50 years with new ending    Ministry launches online booking for slaughterhouses on eve of Eid Al-Adha    Shah Rukh Khan makes Met Gala debut in Sabyasachi    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Tapping Asian capabilities
Published in Alriyadh on 26 - 02 - 2017

Despite the American dominance in the world on the economic and political fronts, other countries are emerging as strong contenders – not just in Europe, but in Asia as well.
With highly competent human capital, economically advanced, industry-dependent countries have emerged in Asia based on a strong vision laid by them more than 20 years ago. China, Japan, South Korea, Malaysia, India and Indonesia are some examples.
The industrial sector accounts for exports, strong currency and the creation of job opportunities. Being dependant on industrial expansion for national growth, these countries are hungry for energy, particularly oil and gas.
Saudi Arabia, the most resourceful energy owner in the world, enjoys security and political stability. This has reflected positively on its relations with countries all over the world. Since Asian countries are in need of energy to expand their industrial base, they have found a reliable partner in Saudi Arabia.
With Vision 2030 in mind, Saudi Arabia is aware that it is in need of Asian countries and their markets just as they need the Kingdom. The fact that the Vision in its written form has been translated into Chinese and Japanese, besides English, reflects the importance given by the Kingdom to these countries.
The tour of King Salman to Malaysia, Indonesia, China and Japan is reflective of the common economic interests the Kingdom shares with these countries, mainly focused on energy, industry and technology. This is expected to be translated into joint agreements at the private sector and government levels.
Saudis are aware of the importance of opening up to all friendly countries. It had opened up to various European and Asian countries, besides the US, when it started offering scholarships to students to study in these countries.
The ever-changing world calls for cultural and scientific diversification – and of course economic diversification, dictated by fluctuating global politics. Over time, the Kingdom's economic relations are spread across all continents of the world, becoming stronger day by day.


Clic here to read the story from its source.