Saudi minister touts support for Middle East infra projects
The president of Saudi Ports Authority called for joint Arab action in transport projects
Saudi Arabia’s government has reportedly affirmed its support for joint Arab action in developing transport projects across the region, local news outlets reported.
According to Arab News, Saad bin Abdul Aziz Al-Khalb, president of the Saudi Ports Authority, said Arab Countries have taken “important steps toward coordinating and uniting efforts, visions, and experiences to improve all forms of transport in the region and promote mutual cooperation between them in many areas”.
They include studying “Arab cooperation approaches for transport systems, establishing transport networks and linking them, and facilitating the transportation of goods and passengers”.
The Saudi government minister was speaking, as reported by the Riyadh-based news outlet, at the 31st meeting of the Arab Transport Ministers Council, which is being held over two days at the Arab Academy for Science Technology and Maritime Transport in Alexandria, Egypt.
He reportedly noted too that the kingdom has launched “new projects in the sector, improved the efficiency of operational and logistical services, significantly developed the infrastructure, and prepared local talents”.
His comments came on the same day as the kingdom signed more than 20 memorandums of understanding (MoUs) and agreements worth $50bn (SAR187.6bn) on Day 1 of the Future Investment Initiative summit – held in Riyadh on 23-25 October 2018.
Organised by Saudi’s Public Investment Fund, the summit hosted various high-level dignitaries including HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai; Jordan’s King Abdullah; and Pakistan’s newly elected Prime Minister Imran Khan.
The latter confirmed Pakistan is in talks with investors from Saudi relating to the construction of oil refineries, as reported by Construction Week.