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Saudi Gazette
23-05-2025
- Business
- Saudi Gazette
Saudi and US ambassadors meet at Expo 2025 Osaka to strengthen bilateral ties
TOKYO — Saudi Arabia and the United States reaffirmed their strategic partnership during a high-level diplomatic engagement at Expo 2025 Osaka, where Saudi Ambassador to Japan Dr. Ghazi Faisal Binzagr hosted US Ambassador to Japan George Glass for a private tour and reception at the Saudi Arabia Pavilion. Held on Friday, in Osaka, the visit highlighted the importance of bilateral cooperation between the two allies and underscored shared ambitions across economic, cultural, and innovation-driven sectors. The meeting comes just 10 days after US President Donald Trump's landmark state visit to Riyadh for the Saudi–US Investment Forum. During the reception, Ambassador Binzagr led Ambassador Glass and his delegation through an immersive journey across the Pavilion's exhibits, which spotlight the Kingdom's rich heritage, ongoing national transformation, and global contributions in sustainability and innovation. The visit concluded with a Saudi Majlis gathering and the exchange of traditional gifts. 'This was a productive and collaborative first meeting between the ambassadors of our two nations here in Japan,' said Dr. Binzagr, who also serves as Commissioner General of the Saudi Arabia Pavilion. 'The Pavilion is more than a cultural showcase — it's a place where global leaders can build understanding and discuss solutions to some of the world's most pressing challenges.' The visit served as a symbolic moment of unity, emphasizing the long-standing strategic alliance between Saudi Arabia and the United States, while offering a platform for exploring future partnerships in fields vital to the growth and prosperity of both nations. Throughout the six-month World Expo, the Saudi Arabia Pavilion is set to host more than 700 business and investment events. It also features daily cultural showcases, including traditional dance and fashion performances, alongside seven immersive galleries that span topics such as smart cities, sustainable marine development, human potential, and frontier technologies. — SG
Zawya
20-05-2025
- Business
- Zawya
ACWA Power inks $500mln deals with top US firms at key Saudi forum
Saudi-based Acwa Power, the world's largest private water desalination company, and a leader in energy transition and first mover into green hydrogen, has announced the signing of MoUs with US companies, totalling $500 million. Signed at the Saudi–US Investment Forum in Riyadh, these agreements build on Acwa Power's existing partnerships with American firms, which now exceed $6 billion. Building on a long history of collaboration between Saudi Arabia and the US, these agreements further strengthen the strategic partnership between the two nations, driving innovation and investment in the energy sector, and supporting Saudi Arabia's Vision 2030 and ambition to reach net zero emissions by 2060. "These strategic partnerships with leading American companies are a direct investment in the future of Saudi Arabia, aligning with the key objectives of Vision 2030,' said Raad Al Saady, the Vice Chairman and Managing Director of Acwa Power. "We are committed to leveraging American innovation and expertise to accelerate the development of renewable energy solutions, creating jobs, diversifying the economy, and supporting a sustainable future for the Kingdom," he stated. CEO Marco Arcelli pointed out that Acwa Power's strategy was driven by value-driven partnerships like these. "Access to cutting-edge technology and expertise is critical as we diversify our portfolio, expand into new markets, and achieve our objectives in meeting net zero by 2050," he stated. Strengthening its leading role in solar energy, Acwa Power will collaborate to deploy advanced tracker technologies for photovoltaic solar energy projects. This partnership aims to reduce energy costs and increase local production capabilities, he added.- TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
The Age
14-05-2025
- Business
- The Age
Ex-Lib MP living his best life and flying the flag in Saudi Arabia
Politicians who have just lost their seats in the federal election would do well to remember that life after politics can take our former elected representatives to some unusual places. CBD has long been intrigued by the post-political life of former Liberal frontbencher Wyatt Roy, once Australia's youngest MP and minister, who is now earning a pretty penny in Saudi Arabia as head of innovation at Neom, the futuristic desert city project that is part of the petro-state's squillion-dollar image rebrand. The kingdom has been spending eye-watering sums trying to shrug off a global pariah status earned through its barbaric treatment of women, and the dismemberment of journalist Jamal Khashoggi in 2018 (de facto ruler Crown Prince Mohammed bin Salman is widely suspected of having ordered the killing – including by the CIA – although he denied this). Roy's current Saudi job has placed him at the centre of the geopolitical universe. When US President Donald Trump was in Riyadh at an investment forum on Tuesday to sign a $219 billion arms deal with MBS, Roy had a good seat in the crowd, documenting the historic moment on all his social media platforms with breathless excitement. ''We are witnessing the birth of a modern Middle East – defined by commerce, not chaos.' – President Trump tonight in Riyadh,' the ex-politician wrote on social media. 'It's been a big day flying the flag at the Saudi–US Investment Forum,' Roy posted across Instagram/LinkedIn/Facebook/X, with pictures of the president addressing the crowd and shaking hands with the crown prince, plus another of Trump's billionaire buddy Elon Musk. 'Even Elon was in the room – promising Starlink, robotaxis, humanoid robots … and maybe a tunnel or two.' Young Roy (he turns 35 next week) didn't take up our invitation to enlighten us further.
Saudi Gazette
14-05-2025
- Business
- Saudi Gazette
Trump concludes historic visit to Saudi Arabia with strategic deals, Gulf summit, and Syria breakthrough
Saudi Gazette report RIYADH — US President Donald Trump departed Saudi Arabia on Wednesday after a landmark official visit that saw the signing of a strategic economic partnership with the Kingdom, participation in the Saudi–US Investment Forum, Gulf-US Summit, and a historic meeting involving Syria's new leadership. Trump arrived in Qatar on the second leg of his three-nation Gulf tour that will also take him to the United Arab Emirates. Crown Prince and Prime Minister Mohammed bin Salman was present at King Khalid International Airport in Riyadh to see off President Trump, capping off a two-day visit described by both sides as historic in scope and outcome. Trump's visit marked his first official overseas trip during his second term. He was received at the airport on Tuesday morning by the Crown Prince, and the two leaders held multiple high-level engagements throughout the visit. At Al-Yamamah Palace, Trump and the Crown Prince co-chaired the Saudi–U.S. Summit, where they signed the Strategic Economic Partnership between the two governments. The summit addressed bilateral relations and regional security, and resulted in the exchange of numerous agreements and memoranda across key sectors including defense, energy, justice, health, space, and scientific research. The visit also included the U.S.–Gulf Summit, held in Riyadh, where Gulf leaders and Trump reaffirmed the strength of U.S.–GCC strategic ties. Crown Prince Mohammed bin Salman noted that trade between GCC countries and the U.S. reached nearly $120 billion in 2024, with the U.S. remaining a vital commercial partner. In a diplomatic development, Trump announced the full removal of U.S. sanctions on Syria and began the process of normalizing relations with the new Syrian government. The announcement followed a trilateral meeting hosted by the Crown Prince and attended by Syrian President Ahmad Al-Sharaa and Turkish President Recep Tayyip Erdoğan, who joined via phone call. The talks emphasized Syrian sovereignty, stability, and reconstruction. Al-Sharaa, who assumed office after the fall of Bashar al-Assad in December, thanked Trump for lifting sanctions, calling it a pivotal step toward rebuilding Syria. He also expressed gratitude to Saudi Arabia and Turkey for their diplomatic efforts in support of Syria's reintegration. During the visit, Trump toured Diriyah with the Crown Prince and learned about the area's historical significance and future as a global cultural destination. The president was briefed on Diriyah's development plan and praised Saudi Arabia's transformation. Trump's departure follows a series of high-impact meetings and announcements, solidifying U.S.–Saudi relations, expanding investment and security cooperation, and opening new diplomatic channels in the Middle East.
