Saif al-Arab
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Impressive building, technology and scale. Hopefully it will serve the intended purpose.
@HannibalBarca
Brother, kindly save your time and stop interacting with trolls who are obviously frustrated (understandably so) by this historic meeting and the historic deals signed and their nature and span. Obviously when your opponent has a seizure you cannot do much.
Anyway let's stick to topic here. Pariah states and their incompetent rulers and various slum dogs and their entities are irrelevant in this thread. We should avoid giving them the attention and time that they so desperately crave for.
In brief:
A successful visit by all standards with very great deals, and promising a successful Arab-American Islamic meeting. It has great implications and will have positive repercussions and a strong message to the enemies and the traitors. Saudi Arabia proves to the relatives before the far away that it is the heart of the Islamic and Arab world and everyone who says the opposite is illusionned.
Indeed. This was a great, educational experience for Trump & co. We have to keep a close eye on the next visit, see how the Israelis view this entire arms deal and what they will push Trump for. Then the Vatican trip will be a fun thing and then he returns to deal with the wolves in the den lol. Fascinating stuff so far.
We have to hope for the best and not only about Trump but our own leaders and leaderships. Let's just hope for the best.
Not directly linked (then again you could argue it is) but worth posting:
Good, very good. Al-Abadi is seeing the light which has been the case for some time now. It's looking more and more bleak for the Mullah's by each day.
Saudi buying billions of dollars worth of arms from US isn't exactly historic. Its business as usual.
Says the guy who has no clue about the nature of the deals signed. It's as if a plumber was going to write my Master's thesis in chemical engineering. Anyway you have had your few seconds of fame/attention in this thread, time to return to the Mullah section where you can delude yourself by thinking (not sure if you even truly believe this after all you/your family escaped to the West so I have a bit higher expectations for you than some of your compatriots who know nothing else but Mullah rule in a economically and politically isolated pariah state) that your Mullah's and their photoshop abilities and reverse engineering of ancient Soviet and North Korean junk will win you a conventional war against today's KSA (let alone in a few years) let alone the GCC/Arab world.
Multibillion-dollar deals sealed at Saudi-US CEO Forum
LULWA SHALHOUB & MOHAMMED RASOOLDEEN | Published — Sunday 21 May 2017
Representatives of companies granted licenses at the Saudi-US CEO Forum. (AN photo by Lulwa Shalhoub)
RIYADH: The inaugural Saudi-US CEO Forum witnessed the signing of dozens of business agreements on Saturday as part of enhancing the bilateral trade relations between the two countries.
General Electric (GE) announced signing $15 billion in business deals with the Kingdom, which falls within Saudi Arabia’s drive toward economic diversification away from oil, Reuters reported.
The forum, which coincided with US President Donald Trump’s visit to the Kingdom, focused on exchanging ideas and exploring investment opportunities.
Saudi Aramco and Jacobs created a joint venture for social infrastructure program management throughout Saudi Arabia and the region.
“Our joint venture exemplifies the power of bringing together Saudi Aramco and Jacobs as an effective economic catalyst to support the Kingdom’s Vision 2030,” said Steve Demetriou, chairman and CEO of Jacobs.
Honeywell and Saudi Aramco also announced that they have signed a memorandum of understanding (MoU) that advances the In-Kingdom Total Value Add (IKTVA) Program, which drives localization of content. As part of the agreement, Honeywell will undertake commercial efforts to assist Saudi Aramco in achieving the goals of the IKTVA Program by 2021.
Over 50 US companies, 40 Saudi businesses, nine companies from key international markets and nine senior government officials attended the Saudi-US CEO forum at the Four Seasons Hotel
The forum is a testament to the bilateral commercial relationship, Khush Choksy, senior vice president of the US Chamber of Commerce’s Middle East and Turkey Affairs International Division, told Arab News.
“We have 50 of our CEOs representing the largest companies in the US at this Saudi-US summit,” he said.
Choksy added that the political and security relationship is stronger than it has been in recent times.
“I have never seen this much optimism demonstrated by the American business community... It is tremendous progress that the Kingdom has envisaged toward the goals of the Vision 2030 over the past two-to-three years.”
Saudi Energy Minister Khalid Al-Falih disclosed that the relationship in the fields of trade and investment between the Kingdom and the US is part of the close friendship between the two countries, during his speech in the “Ministerial Panel: 21st Century Partnership.”
He pointed out that there are many great opportunities to move the relationship between the two countries to higher levels. “Our slogan in this forum is partnerships for future generations, not only the historical relationship between the two countries but also a transitional phase and a major impact on generations in both countries, Al-Falih said.
Saudi Finance Minister Mohammed Al-Jadaan said that Vision 2030 came in response to a number of challenges facing the Kingdom. “The private sector is one of the important factors in the Kingdom’s Vision 2030 to contribute to the domestic product,” he said.
The ongoing US-Saudi summit and the parallel high-level activities constitute “a historical opportunity to strengthen and deepen the economic and financial relations and the partnership between the two parties,” Mohammed Al-Ardhi, executive chairman of Investcorp, told Arab News.
Investcorp started this work 35 years ago and “we became an established investment bridge that keeps growing and offering investments opportunities on both sides,” Al-Ardhi added.
In her speech on the forum’s ministerial panel, Lubna Olayan, CEO of Olayan Financing Company, said that licenses being issued and joint ventures being signed on Saturday will add to the historic relations.
“We should not lose sight of the fact that defense, oil, investment and finance, education and medicine are all areas where there is a long history of cooperation,” she said.
Trade relations are evident in both established and new sectors. Choksy said that in addition to the Kingdom’s expansion in the petrochemical sector, the mining sector is also developing. “Digitization and new economy, information communication technologies (ICT), as well as health care, defense and security are among the strongest sectors in which Saudi Arabia and the US are cooperative.
The strong political relationship makes a solid basis to resilient bilateral trade relations, Choksy added: “Saudi (Arabia) has experienced economic progress at a tremendous pace in terms of accomplishments. So the political relationship is an enabler. The economic progress is a facilitator in terms of companies being able to engage and do business in the Kingdom. And I think it has come together beautifully.”
DEALS SIGNED DURING TRUMP VISIT
• GE: Announced in partnership with the Kingdom a range of memorandums of understanding (MoU) and projects valued at $15 billion.
• Jacobs: MoU to localize design, engineering, procurement, construction and project management services for the oil and gas industry. The value of the MoU is $250 million and will create 300 jobs, with a focus on increasing construction management and engineering services.
• Weatherford: MoU to deliver a series of projects related to localizing oil field goods and services. The potential value of the MoU is $2 billion and will create over 900 jobs, as well as support suppliers with $16 million in funding.
• McDermott: MoU to deliver projects localizing goods and services along Saudi Aramco’s supply chain. The potential value of the MoU is approximately $2.8 billion and will create up to 2,000 jobs.
• Rowan Companies: MoU to deliver projects localizing goods and services along Saudi Aramco’s supply chain. The initial value of the investment is $1.2 billion.
• Nabors: MoU to deliver projects localizing goods and services along Saudi Aramco’s supply chain. The value of the MoU is $1.6 billion and will create 1,000 jobs, as well as support suppliers with $6 million in funding.
• Honeywell: MoU to deliver projects localizing goods and services along Saudi Aramco’s supply chain. The value of the MoU is $3.6 billion and will create over 400 jobs, as well as support the development of SMEs, suppliers and partners with $10 million in funding.
http://www.arabnews.com/node/1102641/saudi-arabia
Trump: Words are not enough to express the greatness of Saudi Arabia
Raytheon, Saudi Arabia Military Industries in strategic partnership
ARAB NEWS | Published — Sunday 21 May 2017
The agreement with the Saudi Arabia Military Industries will enable continued global growth for Raytheon in key market areas.
RIYADH: Raytheon Company and the Saudi Arabia Military Industries Company on Saturday signed a memorandum of understanding to cooperate on defense-related projects and technology development in a ceremony witnessed by King Salman and US President Donald Trump.
The agreement will enable continued global growth for Raytheon in key market areas such as air defense systems, smart munitions and cybersecurity of defense systems, according to a company statement.
This partnership will also contribute directly to Saudi Arabia’s localized defense ecosystem with regional expert capabilities, and will provide a long-term foundation for Saudi Arabia’s economic development.
“This strategic partnership is the next step in our over 50-year relationship in Saudi Arabia and a strong indicator of our continued global growth,” said Thomas A. Kennedy, Raytheon chairman and CEO.
“By working together, we can help build world-class defense and cyber capabilities in Saudi Arabia.”
As part of this new agreement, Raytheon on Saturday announced plans to establish Raytheon Arabia, a Saudi legal entity wholly-owned by Raytheon that will focus on implementing programs to create indigenous defense, aerospace and security capabilities in the Kingdom.
The new company will be based in Riyadh and is expected to include in-country program management, supply and sourcing capabilities, improved customer access and centralized accountability.
The programs will positively impact Saudi and American economies including job creation.
http://www.arabnews.com/node/1102651/saudi-arabia
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