Prince Turki Al-Faisal, the Saudi ambassador to the United Kingdom and Ireland, opened here last night the strategic forum on the importance of investment in the Kingdom of Saudi Arabia. Addressing the inaugural session, Prince Turki underlined the importance of investment in Saudi Arabia, and said investing in Saudi Arabia is profitable and promising. In his speech at the forum organized by the Commission of the British Strategic Conferences, Prince Turki highlighted the significant role played by King Abdulaziz in the unification of the Kingdom. He noted that the basic system of the Kingdom, issued in 1993, had identified the Kingdom as an Islamic state, and said 'its constitution is the Holy Quran and Sunnah (the Prophet's teachings)'. Prince Turki lauded the great attention given by the Custodian of the two Holy Mosques King Fahd bin Abdulaziz to the Ulema (Muslim scholars) and academicians. He noted that the municipal elections, recently held in Riyadh, embody the keenness of King Fahd on enabling the citizens to participate in the political life. Prince Turki said King Fahd had earlier underscored the importance of enabling the Saudi women to positively contribute to the process of development in the country. Citing the remarkable development attained in the Kingdom in the educational sector, he said 'for the time being there are thousands of schools and millions of students in the Kingdom'. Moreover, Prince Turki said King Fahd is keen on getting rid of bureaucracy and improving the performance of the governmental institutions. On the other hand, Prince Turki highlighted the Kingdom's efforts in combatting terrorism, and said the Saudi people never tolerate terrorism or anything that is linked with it. 'Thanks to Almighty Allah, the phenomenon of terrorism has started to wane in the Kingdom, and we are about to uproot this dangerous phenomenon', he said. He pointed out that the Saudis prefer to invest their capitals inside their country because investing there is profitable and promising. --more 1131 Local Time 0831 GMT
