Saudi ambassador to UK voted MENA diplomat of 2025    Saudi Awwal Bank signs SR2 billion credit facility with Saudi Binladin Group to propel development of King Fahd Sports City in Riyadh    Feast of Flavors and Prizes: LuLu Hypermarket kicks off the "World Food Festival" across Saudi Arabia    Pakistan closes airspace, suspends visaas in tit-for-tat measures against India    Saudia Group signs deal with Airbus for flyadeal's first wide-body aircraft    Saudi non-oil exports surge 14.3 percent to SR26.11bn in February    Saudi, Greek ministers co-chair inaugural meeting of Strategic Culture Committee    Israeli strikes across Gaza kill at least 26, Palestinian officials say    Trump's trade war olive branch met with derision and mistrust inside China    Ministry of Justice launches centralized court model to enhance judicial efficiency    Kyiv hit by deadly Russian missile and drone attack    Saudi Arabia elected chair of Asia region of World Meteorological Organization    Saudi Theater Commission launches its Work and Learn Project in UK    The season has begun — and one comment shook us all    Jennifer Lopez dazzles in Jeddah with a Formula 1 performance    Saudi Arabia open to expanded 64-team World Cup in 2034, says sports minister    Average life expectancy in Saudi Arabia rises to78.8 years    Super Max Verstappen scorches to pole with record lap in Jeddah    Film Commission launches 'Cinema' initiative to enhance content    Famed Philippine film star Nora Aunor dies at 71    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    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.



Leaders and Heads of Delegations of Arab Countries Begin 3rd Arab Economic and Social Development Summit 7 Riyadh
Published in Saudi Press Agency on 21 - 01 - 2013

Arab trade and investment exchange. Arab Governments should make every effort to overcome obstacles facing Arab private sector and to create the right environment to encourage the flow of inter-Arab investments.
To this end, I call for the adoption of the amended Unified Agreement for the Investment of Arab Capital within our agenda. We hope that this Unified Agreement will serve as an attracting factor for Arab investments as it provides facilities and guarantees. I call upon Arab businessmen and investors to seize this opportunity and work on taking advantage of the benefits of the Unified Agreement.
Dear Brothers:
The level of trade exchange among our countries could not satisfy our ambitions and capabilities which, in turn, requires all of us to work hardly and faithfully to build the desired Arab economic integration.
Therefore, I call for the need to complete the requirements of the Greater Arab Free Trade Area before the end of this year, and to work on completing the rest of the requirements of the Arab Customs Union in accordance with the time frame agreed upon previously that sets the full implementation by 2015.
I also welcome the Aid for Trade Initiative for Arab States launched by the International Islamic Trade Finance Corporation which aims at supporting efforts to increase the volume of inter-Arab trade exchange. I announce the readiness of the Kingdom of Saudi Arabia to support this initiative and contribute to its budget, so that it can be implemented as soon as possible.
In conclusion, I welcome you again, wishing this summit all success.
May Allah's peace, mercy and blessings be upon you".
--More


Clic here to read the story from its source.