Franchise registrations in Saudi Arabia surge 866% over 3 years    Lulu Saudi Arabia celebrates its 15th anniversary with the grand launch of 'Super Fest 2024'    Cristiano Ronaldo's double powers Al Nassr to 3-1 win over Al Gharafa in AFC Champions League    Culture minister tours Saudi pavilion at Expo 2025 Osaka    Al Ahli edges Al Ain 2-1, bolsters perfect start in AFC Champions League Elite    Saud Abdulhamid makes history as first Saudi player in Serie A    Saudi Cabinet to hold special budget session on Tuesday    King Salman orders extension of Citizen's Account Program and additional support for a full year    Al-Falih: 1,238 foreign investors obtain premium residency in Saudi Arabia    Several dead as Storm Bert wreaks havoc across Britain    Irish PM apologizes for walking away from care worker    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Hezbollah fires rocket barrages into Israel after deadly Beirut strikes    Ukraine losing ground in Russia's Kursk region, says military source    Do cigarettes belong in a museum?    Saudi Arabia to host 28th Annual World Investment Conference in Riyadh    Riyadh Emir inaugurates International Conference on Conjoined Twins in Riyadh    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    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.



Investment Minister: Prime Minister of Malaysia's visit to Saudi Arabia provides opportunities to enhance cooperation
Published in Saudi Press Agency on 09 - 03 - 2021

The Minister of Investment Eng. Khalid bin Abdulaziz Al-Falih explained that the Kingdom of Saudi Arabia is one of Malaysia's largest trading partners in the Middle East region. Moreover, Saudi Arabia is one of 20 largest investors in Malaysia.
In a statement to the Saudi Press Agency (SPA) on the occasion of the visit of Prime Minister of Malaysia Muhyiddin to Saudi Arabia, the Minister said, "Despite difficult circumstances resulting from the Coronavirus pandemic, which affected all aspects of peoples' lives and the global economy, the Kingdom of Saudi Arabia and the Kingdom of Malaysia have carried on with growth process in all fields."
He affirmed that the Malaysian Prime Minister's visit to Saudi Arabia provides opportunities to enhance the existing cooperation between the two countries, in order to achieve further development and achievements at all levels.
Eng. Al-Falih stated that Saudi Arabia's most important investments in Malaysia are represented in two giant joint ventures that are under construction in Johor, Malaysia. One of the projects is in the field of oil refining and the other is in the field of petrochemicals. He added that the ventures are a partnership between Saudi Aramco and Malaysia's Petronas, with a total value amounted to about SAR 64 billion, noting that the agreements for these two ventures were signed during the visit of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud to Malaysia in 2017.
The Minister pointed to the number of Saudi Arabia's projects in Malaysia which amounted to 44 projects with a value exceeding SAR 1.38 billion. Moreover, Malaysia invests in 38 investment projects in Saudi Arabia and the total investment amounts to more than SAR 1.590 billion.
Eng. Al-Falih emphasized that the Saudi Arabia's vision 2030 has provided exceptional investment opportunities for investors and pioneering companies in the world, including Malaysian investors. He added that the Kingdom of Saudi Arabia invites everyone to explore promising opportunities it provides in several fields, including tourism, hospitality, entertainment, transport and logistics.


Clic here to read the story from its source.