Three summit will be held in occasion of Trump visit. The first meeting will be useful to reinforce the cooperation between King Salman and US President Trump, who are going to discuss about the main points of their historical ties. The second one will be between Trump and Gulf Cooperation Council (GCC), which also will coincide with the half-yearly meeting of the organization. The third meeting will be between Trump and the heads of Islamic and Arab countries, which are member of Islamic Alliance to combat terrorism. At those meetings it will be expected the participation of El-Sisi, Egyptian President, but also Sharif, Pakistan Prime Minister.
During the MEED Quality Awards for project, the top prize was given to Saudi Arabian project regarding a petrochemical collaboration between ARMCO and Dow industries. It is the largest petrochemical project comprising 26 fully integrated world scale production plants, three third-party feedstock units. It is called Samara and for ARMCO it represents a key component in its expansion in the Kingdom’s economy. It will be an essential developing opportunity for all markets of Middle-East, Africa and Asia-Pacific. This is the second win in row for the Kingdom in MEED competition. In addition to UAE and Qatar, it is the only state to have won this prize. The other regional winner from Saudi Arabia was the General Authority of Civil Aviation’s Design and Build of Terminal 5 and Related Facilities at the King Khaled International Airport Project (nominated by a TAV-Al Arrab Contracting joint venture) which won the GCC Transport Project of the Year award.
Due to the elaboration of oil, Saudi Arabia has started a process of recruitment, which involves people coming from all closer and neighboring countries. At first, this recruitment process was supported by the necessity of finding experts and people, who wanted to work on the refining and extracting oil. Problems between recruiter and workers were rare, but once the system of recruitment got illegal and an illecite, it began to appear more problems, because recruiters tried to get more profits through this activity of recruitment, without giving them any guarantees. At first people tried to run away from these jobs, in order to find other better-paid. In the past, who got a recruiter visa went to States, where it was sure to find workers and recruited them. The government, nowadays, has made this process more complicated, establishing the institution of Selection Committees, which are able to find workers on the basis of their qualification and education.
King Salman was directly invited by the Kazakh President Nursultan Nazarbayev, in order to join the first summit on technology and science, organized by OIC and which will take place in Astana on 10-11 September. From this summit, it is expected to conclude several agreements, which reinforce the alliance between the Organization of Islamic Cooperation and Saudi Arabia. It could be an important opportunity to develop some specific market sectors: like agricolture, alimentar products and also petroleumchiimical industries.
South Korea’s March imports from Iran more than doubled from a year ago to a record of 18.54 million barrels, or 597,935 barrels per day (bpd), data from state-run Korea National Oil Corp (KNOC). For the JanuaryMarch period of 2017, Iran seized the No.2 spot with shipments of 46.73 million barrels, also more than double from the same period last year and the highest on record for a quarter. In the first quarter of 2016, Iran was South Korea’s fifth-biggest oil supplier behind Saudi Arabia, Iraq, Kuwait and Qatar, according to KNOC data. This year’s surge in Iranian crude supply came after Tehran was exempted from production cuts led by the Organization of the Petroleum Exporting Countries (OPEC) to clear a global glut. Iran’s jump to the No.2 spot is also due to solid condensate demand from South Korean refiners such as SK Energy and Hyundai Oilbank. Saudi Arabia held onto its spot as South Korea’s top oil supplier for both March and the full quarter. Shipments from Saudi Arabia rose 10.8 percent in March from a year ago to nearly 26 million barrels, or 838,387 bpd, from 23.46 million barrels last year. In the first quarter, the world’s top oil exporter shipped 77.12 million barrels of crude to South Korea, up 4.4 percent from about 74 million barrels in the same period of 2016, according to the data. Overall, South Korea’s March imports increased 11.7 percent from a year ago to 95.9 million barrels, or 3.09 million bpd, the data showed. The world’s fifth-largest crude importer brought in 278.18 million barrels of crude in the first three months of 2017, up 4.9 percent from 265.3 million barrels last year.
Egypt stabilizes its international relations, new path toward Egypt-Saudi Arabia cooperation, after a year of tensions beween, President Abdel Fattah Al-Sisi and Saudi King Salman bin Abdulaziz Al-Saud met in Riyadh on Sunday with the two of them confirming their good relations. Al-Sissi stressed the necessity for both countries to cooperate in Arab League area, but also on a bilateral dimension. They also discuss the global security strategy for the region, and the counter-terrorism policy. Saudi Arabia’s King has accepted an invitation to Cairo, without express a precise date. Tensions between both countries was born after Egypt vote in favour of a peace resolution plan for Syria, voted at the Security Council. Following this vote a conflict around Saudi Oil exportations was born between both countries creating a diplomatic tensions.
During his Gulf tour, Philippine President Rodrigo Duterte arrived in Riyadh on a three-day visit to meet Saudi leaders for investments, trade and support for Filipino workers in the Kingdom. The visit aims to strengthen protection of the rights and promotion of the welfare of more than 1 million people working in the Gulf countries, to invite Middle Eastern investors to the Philippines and to forge stronger partnerships with those countries. Duterte will also visit Bahrain and Qatar, where many Filipinos live. Moreover during the visit the President will invite these countries to invest particularly in Mindanao to lift it out of poverty and conflict.
During his reception of Senior Yemeni tribal sheikhs on Wednesday, Saudi Deputy Crown Prince Mohammed bin Salman said Yemen represents “the strategic depht of the Arab nation” and that the biggest mistake of the enemy was to target Yemen, which made all the Arab world alert to what is happening there. The Deputy Crwon Prince also expressed Saudi support to Yemen and also the mobilization of Arabian Gulf states, Egypt, Sudan, Jordan, Morocco and all the arab and Islamic world. On the other side the Yemeni tribal sheikhs thanked the Saudi government for the meeting, for supporting Yemeni legitimacy and for the efforts of the Arab coalition to restore security and stability.
Flollowing the Saudi/UK SME Partnership Forum organized by the Saudi-British Joint Business Council, the co-chair of the Council Baroness Simons said that the UK is interested in build new partnership with privatesector companies in the Kingdom, due to its exit from the EU. The cooperation between the two countries will led to achieve the goals of the Saudi Vision 2030 and National Transformation Program (NTP) 2020. The co-chair also affirmed there will be a follow-up meeting in London. Moreover Baroness Simons said that Small and Medium Enterprises sector is a key area for british cooperation with the Kingdom and that small business and technology innovation are vital to the growth of both economies.
In a statement Dr. Abdullah Al-Rabbeah, head of King Salman Center for Relief and Humanitarian Aid, said the Kingdom is among the top 10 countries in the worls for the volume and the value of aid provided. He also added that the center developed partnerships with international agencies to help Yemen, Djibouti and Ethiopia; in particular in Yemen it provided relief assistance worth $584.4 million. Moreover the center has started on working on two more projects: one to tackle malnutrition among children and pregnant women and another one to provide water supplies in 15 Yemeni governorates. The total number of projects directed at Yemeni citizens has reached 123 and between them 44 are food, security and shelter projects, while 16 are related to education, family protection and early recovery programs.