Saudi Embassy in France Hosts Seminar Highlighting Saudi Vision 2030
The Saudi Embassy in France, in collaboration with the Francophone Business Forum, hosted a seminar to spotlight the progress and partnerships fostered under Saudi Vision 2030. The event aligned with the release of the ninth annual report on Vision 2030 and was attended by ambassadors, French officials, media representatives, business leaders, and consultants.
Saudi Ambassador to France and Monaco, Fahd bin Mayouf Al-Ruwaili, opened the seminar with a welcoming address. He presented highlights from the newly released report, emphasizing the initiative's latest achievements and the robust performance of its key indicators. Moreover, many of these indicators have exceeded targets set across national programs, particularly in areas such as human capital development, women's empowerment, infrastructure, technology localization, sustainability, and environmental protection. He also underscored the growing cooperation between Saudi Arabia and France within the Vision 2030 framework, including their shared commitment to enhancing regional and global security and stability.
Stève Gentili, President of the Francophone Business Forum, spoke about expanding partnerships in business, technology, and finance, noting the mutually beneficial investments and Saudi Arabia's increasingly attractive economic climate.
Jean-Yves Le Drian, President of the French Agency for AlUla Development (AFALULA), highlighted the enduring strategic alliance and deepening friendship between Saudi Arabia and France. Additionally, he provided an update on the AlUla Development Project—one of Vision 2030's flagship initiatives—praising its comprehensive success and impact at every phase.
Related Topics :
Saudi Embassy in France Holds Seminar on Empowering Saudi Women
Jordan Praises Saudi Arabia's Role in Facilitating U.S.-Russia Talks
France Urges its Citizens to Leave Lebanon Amid Rising Military Tensions
Crown Prince, US Senator Lindsey Graham Meet to Discuss Gaza
Short link :
Post Views: 1
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Saudi Gazette
5 hours ago
- Saudi Gazette
Saudi energy minister: OPEC+ become key guarantor of oil prices
Saudi Gazette report ST. PETERSBURG — Saudi Minister of Energy Prince Abdulaziz bin Salman said on Thursday that OPEC+ has become a key guarantor of oil prices and the oil sector as a whole. Speaking at the St. Petersburg Economic Forum on Thursday, he said that OPEC+ is a trustworthy and successful alliance that adapts to changing conditions and has had great success in maintaining oil market stability. In response to a question on whether Saudi Arabia and Russia would step into replace any potential loss of Iranian oil supplies, Prince Abdulaziz said: "We will only react to realities." The energy minister said that Saudi Arabia and Russia are working together to create a climate for those wishing to invest in both countries in various ways, including through joint ventures, emphasizing the need to create a suitable investment climate despite the current circumstances Iran is a member of the Organization of the Petroleum Exporting Countries (OPEC), but is exempt from production cuts that the group along with other allies including Russia have in place. OPEC+ was in the process of increasing production targets for eight of its members before Israel's attack on Iran last week. The group of eight which includes Saudi Arabia, Russia, the UAE, Iraq, Kuwait, Oman, Algeria and Kazakhstan will meet on July 6 to decide on whether to increase production further from August. At the end of May, the Organization of the Petroleum Exporting Countries (OPEC) announced that the eight OPEC+ member states had agreed to increase oil production by 411,000 barrels per day in July. The organization said in a statement that the increase was due to stable global economic conditions and the strength of current market fundamentals. The eight OPEC+ members, which include Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, had previously announced additional voluntary adjustments in April and November 2023, held a meeting via video conference on Saturday to review oil market developments and future prospects. The OPEC+ statement said that in light of the stable future prospects for the global economy and the current positive market fundamentals, the participating countries decided to implement a production adjustment of 411000 barrels per day in July 2025 compared to the required production level in June 2025, which is equivalent to three monthly increases.
Saudi Gazette
6 hours ago
- Saudi Gazette
PIF launches new company to deliver Expo 2030 Riyadh
Saudi Gazette report RIYADH — The Public Investment Fund (PIF) announced on Thursday the launch of Expo 2030 Riyadh Company, a wholly-owned entity. The company will build and operate the facilities for Expo 2030 Riyadh, the first of its kind in Saudi Arabia, and invest in its facilities over the long term. The master plan for Expo 2030 Riyadh covers an area of 6 million square meters north of Riyadh, adjacent to the future King Salman International Airport. It will be one of the largest Expo sites in the history of the exhibition, directly connected to several key prominent locations. Expo 2030 Riyadh is expected to attract more than 40 million visits. Following its completion, the company will transform the exhibition into a global village, a multicultural hub for retail and dining activities, surrounded by a world-class residential community that will serve as a model for sustainable tourism. The Public Investment Fund works to create a positive economic impact in Saudi Arabia and ensure sustainable returns. Saad Alkroud, Head of the Local Real Estate Investment Division at PIF said: 'ERC benefits from PIF's diverse local and global ecosystem and the establishment of Classification: Public the company aligns with PIF's local real estate strategy, which drives economic transformation and diversification, advancing urban innovation and enhancing quality of life, driven by the ambitious goals of Saudi Vision 2030.' ERC is swiftly launching operations to fulfill its mandate, and will partner with the local and global private sector to achieve its goals for construction, cultural programming and event management. Expo 2030 Riyadh runs from Oct. 1, 2030 to March 31, 2031 and will further strengthen the city's attractiveness to international businesses. It marks the city's status as one of the world's fastest-transforming capitals, one that combines sustainability, connectivity and quality of life at scale. Riyadh was awarded the hosting rights for Expo 2030 in November 2024, winning the vote in the first round. During its construction phases, Expo 2030 Riyadh and its legacy are projected to contribute around $64 billion to Saudi GDP and generate approximately 171,000 direct and indirect jobs. Once operational, it is expected to contribute approximately $5.6 billion to GDP. Countries participating in Expo 2030 Riyadh will have the option of building permanent pavilions and being part of the event's legacy. The Expo will provide opportunities for long-term business and investment growth.
Arab News
9 hours ago
- Arab News
Chinese JD Logistics launches Riyadh hub to speed up deliveries in Saudi Arabia
RIYADH: China's JD Logistics has launched a regional operations center in Riyadh, enabling same-day and next-day deliveries across Saudi Arabia through its self-operated express service, JoyExpress. The new 8,000-sq.-meter smart warehouse — JD's first in the region — will serve as a logistics base for its business-to-consumer delivery network, supported by advanced automation and a robust supply chain infrastructure, the company said in a press release. The facility is expected to meet rising consumer demand in Saudi Arabia, with a report released in April Research and Markets showed showing that the Kingdom's e-commerce market is expected to grow at a compound annual growth rate of 12.10 percent during the period from 2025 to 2033, to reach $68.94 billion. Rayan Al-Bakri, deputy minister for Logistics Services at Saudi Arabia's Ministry of Transport and Logistics Services, said: 'JINGDONG Logistics' investment in Saudi Arabia aligns with our national vision to become a global logistics hub.' He added: 'We welcome the company's advanced self-operated express delivery services, which we believe will not only elevate service standards in the Kingdom but also create new opportunities for employment, innovation, and industry development in support of Vision 2030.' Saudi Arabia's National Logistics Strategy aims to position the Kingdom as a leading global logistics hub by enhancing infrastructure, fostering economic growth, and ensuring integration across various modes of transport. During the launch, JD Logistics Vice President Wang Ying announced that the company's services will cover most regions of the Kingdom, the Saudi Press Agency reported. Saudi Arabia's Courier, Express, and Parcel market is expanding rapidly, fueled by a digitally savvy population and the ongoing rise of e-commerce. According to a report by Mordor Intelligence, the Kingdom's Courier, Express, and Parcel market is projected to grow at a compound annual growth rate of 6.48 percent from 2025 to 2030, with the B2C segment already comprising 56 percent of the market value in 2024. 'The launch of JoyExpress marks a key milestone in international journey and business development in Saudi Arabia,' said Charlie Peng, head of Middle East at JD Logistics. He added: 'JINGDONG Logistics will provide leading edge services to our customers in Saudi Arabia and importantly, align with Saudi Arabia's Vision 2030 strategy with its focus on logistics and job creation.' The launch comes amid a broader wave of international investment in Saudi Arabia, aligned with the Kingdom's regional headquarters program. The initiative offers incentives including a 30-year corporate income tax exemption, withholding tax relief, and regulatory support for multinationals operating in the Kingdom. In March, SPA reported that 600 foreign companies have established regional headquarters in the Kingdom since 2021. Notable firms include BlackRock, Northern Trust, and Bechtel, as well as PepsiCo, IHG Hotels & Resorts, PwC, and Deloitte.
