The Minister of Petroleum and Mineral Resources Ali bin Ibrahim Al-Naimi stressed the commitment of Saudi Arabia towards the economic growth with those countries that are linked to the Kingdom with common interests and aspirations aimed at raising the living standards of these countries and peoples of the region. This came during a speech delivered by Al-Naimi at the 16th Annual Conference for Investment in Asia, organized by Credit Suisse Asia Pacific in Hong Kong to be concluded today. Following are some excerpts of the keynote address of Saudi Minister of Petroleum & Mineral Resources Ali Al-Naimi entitled “Partners in prosperity" at the Credit Suisse Asia Pacific “Asian Investment Conference." "Saudi Arabia's relationships with other Asian nations have strengthened and deepened over this period. Since 1997, total oil volumes exported from Saudi Arabia to the region have increased by 50 per cent. Since 1999, Saudi Arabia's oil exports to China alone have gone from zero to more than one million barrels per day. We have entered into joint ventures in South Korea, Japan, the Philippines and China. And companies from across Asia have invested in Saudi Arabia. It has been a remarkable period of prosperity; an unparalleled period of partnership. And as we look ahead to the next ten years, I see no reason for this to change. --MORE 15:44 LOCAL TIME 12:44 GMT تغريد
