Latest news with #2ndGCC-ASEANSummit
The Sun
27-05-2025
- Business
- The Sun
GCC-ASEAN partnership must advance trade, sustainability and regional stability, says Saudi FM
KUALA LUMPUR: Saudi Arabia's Foreign Minister, Prince Faisal bin Farhan bin Abdullah has called for stronger economic and strategic cooperation between the Gulf Cooperation Council (GCC) and ASEAN, emphasising trade facilitation, digital transformation and regional stability. Speaking at the 2nd GCC-ASEAN Summit in Kuala Lumpur on Tuesday, Prince Faisal, representing Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister, outlined key priorities for advancing the partnership between the two regions, Saudi Press Agency (SPA) reported. He said the partnership, founded during the first summit in Riyadh in 2023, must now focus on deepening regional market integration, promoting sustainability, engaging both public and private sectors, and fostering closer people-to-people relations. 'The economic relations between our countries offer promising opportunities in key sectors, including finance, agriculture, halal food industries, and green and renewable energy,' he said. Prince Faisal highlighted that trade between GCC and ASEAN grew by 21 per cent from 2023 to 2024, reaching a total volume of approximately US$123 billion in 2024. This, he noted, reflects the vast potential of the partnership. He urged both sides to intensify efforts to remove trade barriers and facilitate easier market access. Referring to the Economic and Investment Conference held in Riyadh on May 28 last year, the minister described the event as a vital platform for exchanging investment opportunities and encouraging private sector collaboration. Prince Faisal also addressed shared global challenges such as climate change, energy market volatility, and the need to improve food and water security. He recalled the joint commitment made during the first summit to collectively address these issues and reaffirmed the Kingdom's determination to work with ASEAN partners in navigating global uncertainties. On the Palestinian issue, Prince Faisal reiterated Saudi Arabia's firm stance in support of a two-state solution, advocating for the establishment of an independent Palestinian state with East Jerusalem as its capital. He also urged the international community to intensify efforts to promote peace, support humanitarian relief efforts in Gaza, and address regional tensions with a comprehensive political and humanitarian approach. Prince Faisal added that by reaffirming Saudi Arabia's support for all initiatives that strengthen GCC-ASEAN cooperation and help realise the shared aspirations for prosperity, development and stability. The high-level summit, hosted by Malaysia as ASEAN Chair, brought together leaders from both regional blocs to strengthen cooperation across political, economic and security domains. The 46th ASEAN Summit, held under Malaysia's 2025 Chairmanship theme, 'Inclusivity and Sustainability', marks the country's fifth term as ASEAN Chair, following previous chairmanships in 1977, 1997, 2005 and 2015.
Barnama
27-05-2025
- Business
- Barnama
GCC-ASEAN Partnership Must Advance Trade, Sustainability And Regional Stability, Says Saudi FM
KUALA LUMPUR, May 27 -- Saudi Foreign Minister Prince Faisal Farhan Al Saud addresses the 2nd ASEAN-GCC Summit at the Kuala Lumpur Convention Centre, with his delegation in attendance behind him. -- fotoBERNAMA (2025) COPYRIGHT RESERVED KUALA LUMPUR, May 27 (Bernama-SPA) -- Saudi Arabia's Foreign Minister, Prince Faisal bin Farhan bin Abdullah has called for stronger economic and strategic cooperation between the Gulf Cooperation Council (GCC) and ASEAN, emphasising trade facilitation, digital transformation and regional stability. Speaking at the 2nd GCC-ASEAN Summit in Kuala Lumpur on Tuesday, Prince Faisal, representing Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister, outlined key priorities for advancing the partnership between the two regions, Saudi Press Agency (SPA) reported. He said the partnership, founded during the first summit in Riyadh in 2023, must now focus on deepening regional market integration, promoting sustainability, engaging both public and private sectors, and fostering closer people-to-people relations. bootstrap slideshow 'The economic relations between our countries offer promising opportunities in key sectors, including finance, agriculture, halal food industries, and green and renewable energy,' he said. Prince Faisal highlighted that trade between GCC and ASEAN grew by 21 per cent from 2023 to 2024, reaching a total volume of approximately US$123 billion in 2024. This, he noted, reflects the vast potential of the partnership. He urged both sides to intensify efforts to remove trade barriers and facilitate easier market access. Referring to the Economic and Investment Conference held in Riyadh on May 28 last year, the minister described the event as a vital platform for exchanging investment opportunities and encouraging private sector collaboration. Prince Faisal also addressed shared global challenges such as climate change, energy market volatility, and the need to improve food and water security. He recalled the joint commitment made during the first summit to collectively address these issues and reaffirmed the Kingdom's determination to work with ASEAN partners in navigating global uncertainties.
Gulf Today
26-05-2025
- Business
- Gulf Today
On behalf of UAE President, RAK Ruler arrives in Malaysia to attend GCC-ASEAN Summit, ASEAN-GCC-China Summit
On behalf of UAE President His Highness Sheikh Mohamed Bin Zayed Al Nahyan, His Highness Sheikh Saud Bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, arrived on Sunday in the Malaysian capital, Kuala Lumpur, leading the UAE delegation to the 2nd GCC-ASEAN Summit, and the ASEAN-GCC-China Summit, scheduled to take place under the theme "Inclusivity and Sustainability.' Malaysia is hosting these high-profile events as part of its current presidency of the ASEAN 2025. Sheikh Saud was welcomed upon arrival by Malaysian Minister of Defence Mohamed Khaled Nordin, and several Malaysian officials. Sheikh Saud is accompanied by an official delegation comprising Sheikh Khalid Bin Saud bin Saqr Al Qasimi, Vice Chairman of Ras Al Khaimah's Investment and Development Office; Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Ahmed Al Sayegh, Minister of State; Khalifa Shaheen Al Marar, Minister of State; Khalil Mohammed Sharif Foulathi, board member of the Abu Dhabi Investment Authority (ADIA); Dr. Mubarak Saeed Al Dhaheri, UAE Ambassador to Malaysia, and Abdullah Salem Al Dhaheri, UAE Ambassador to Indonesia and ASEAN. The two summits, which will be attended by several leaders, heads of government, and representatives of participating countries, are scheduled to discuss ways to enhance joint cooperation between the Gulf Cooperation Council, the Association of Southeast Asian Nations (ASEAN), and the People's Republic of China across various economic, investment, development, and political fields. They will also explore new opportunities for cooperation to serve the aspirations of the countries' peoples to achieve development and prosperity. This is the second summit bringing together the Gulf Cooperation Council (GCC) and the Association of Southeast Asian Nations (ASEAN), following the Riyadh Summit hosted by the Kingdom of Saudi Arabia in 2023, during which it was agreed to hold the summit between the GCC and ASEAN every two years. WAM
Malaysia Sun
26-05-2025
- Business
- Malaysia Sun
On behalf of UAE President, RAK Ruler arrives Malaysia to participate in GCC-ASEAN Summit, ASEAN-GCC-China Summit
KUALA LUMPUR, 25th May 2025 (WAM) -- On behalf of UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, arrived today in the Malaysian capital, Kuala Lumpur, leading the UAE delegation to the 2nd GCC-ASEAN Summit, and the ASEAN-GCC-China Summit, scheduled to take place under the theme "Inclusivity and Sustainability". Malaysia is hosting these high-profile events as part of its current presidency of the ASEAN 2025. H.H. was welcomed upon arrival by Malaysian Minister of Defence Mohamed Khaled Nordin, and several Malaysian officials. H.H. Sheikh Saud bin Saqr Al Qasimi is accompanied by an official delegation comprising Sheikh Khalid bin Saud bin Saqr Al Qasimi, Vice Chairman of Ras Al Khaimah's Investment and Development Office; Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Ahmed Al Sayegh, Minister of State; Khalifa Shaheen Al Marar, Minister of State; Khalil Mohammed Sharif Foulathi, board member of the Abu Dhabi Investment Authority (ADIA); Dr. Mubarak Saeed Al Dhaheri, UAE Ambassador to Malaysia, and Abdullah Salem Al Dhaheri, UAE Ambassador to Indonesia and ASEAN. The two summits, which will be attended by several leaders, heads of government, and representatives of participating countries, are scheduled to discuss ways to enhance joint cooperation between the Gulf Cooperation Council, the Association of Southeast Asian Nations (ASEAN), and the People's Republic of China across various economic, investment, development, and political fields. They will also explore new opportunities for cooperation to serve the aspirations of the countries' peoples to achieve development and prosperity. This is the second summit bringing together the Gulf Cooperation Council (GCC) and the Association of Southeast Asian Nations (ASEAN), following the Riyadh Summit hosted by the Kingdom of Saudi Arabia in 2023, during which it was agreed to hold the summit between the GCC and ASEAN every two years.
Sharjah 24
25-05-2025
- Business
- Sharjah 24
RAK Ruler arrives in Malaysia for GCC-ASEAN summits
High-level summits underway in Kuala Lumpur Sheikh Saud is representing the UAE at the 2nd GCC-ASEAN Summit and the ASEAN-GCC-China Summit, held under the theme 'Inclusivity and Sustainability.' Malaysia is hosting the events as part of its presidency of ASEAN 2025. Official welcome in Malaysia Upon arrival, His Highness was received by Malaysian Minister of Defence Mohamed Khaled Nordin and several senior Malaysian officials. UAE delegation includes senior officials The official UAE delegation includes His Highness Sheikh Saud bin Saqr Al Qasimi is accompanied by an official delegation comprising Sheikh Khalid bin Saud bin Saqr Al Qasimi, Vice Chairman of Ras Al Khaimah's Investment and Development Office; Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Ahmed Al Sayegh, Minister of State; Khalifa Shaheen Al Marar, Minister of State; Khalil Mohammed Sharif Foulathi, board member of the Abu Dhabi Investment Authority (ADIA); Dr. Mubarak Saeed Al Dhaheri, UAE Ambassador to Malaysia, and Abdullah Salem Al Dhaheri, UAE Ambassador to Indonesia and ASEAN. Focus on strengthening cooperation The two summits aim to enhance cooperation between the GCC, ASEAN, and China across multiple sectors, including economy, investment, development, and politics. Discussions will also explore new avenues to promote shared prosperity and development. Background: A growing GCC-ASEAN partnership This marks the second summit between the GCC and ASEAN, following the inaugural meeting in Riyadh in 2023. At that summit, it was agreed the event would be held biennially to reinforce regional collaboration.
