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Prince Saud Al-Faisal: King's Initiative To Hike Capital of Financial Institutions Will Provide $10 Billion 4 Riyadh
Published in Saudi Press Agency on 22 - 01 - 2013

Arab investment through the amended unified agreement, Arab capital investment, increase of investment, in addition to Arab strategy and developing use of renewable energy from 2010 to 2020, which is characterized with far-sightedness and significant future plan.
He drew attention, also, to the question of Arab customs union which has received Arab leaders special interest, as they reaffirmed their insistence to complement the prerequisites of free inter-Arab trade, and demanded setting a date for its launching, prior to the end of 2013.
Responding to reporters' questions, the Foreign Minister pointed out that the criterion related to the summit recommendations, lies in implementing them, as implementation comes through credibility and seriousness in dealing with taken decisions and following up carrying them out, confirming that the conference committee will follow up the summit decisions, exert utmost effort to convince those committed, to carry them out and that AL Secretariat General will expose any shortcomings, in case of non-commitment, through periodical sorting out of what has been carried out and what has not, without imposing any particular mechanism.
On guaranteeing equitable participation in the Arab Development Fund, he pointed to the new development emerged out of the summit, as it did not talk about backing countries, rather mentioned the beneficiaries, thus, we should agree that exigency of equitable taking advantage among Arab countries, calling on beneficiaries to change some of their ways in dealing with Arab commercial situation, to facilitate trade exchange, as all of us recognize the complexities preventing the passage of Arab commodities, among the Arab world.
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