Defense minister attends elite special forces exercise in Northwestern Region    Saudi Arabia to showcase culinary heritage at Taste of Paris 2025    Saudi Arabia fines eight foreign trucks for illegal goods transport in April    Saudi Arabia releases updated GDP data highlighting expanded non-oil sector contribution    PIF announces pricing of $1.25 billion international sukuk offering    GAMI is organizing Saudi pavilion at Athens International Defense and Security Exhibition    Businesses count costs as India and Bangladesh impose trade restrictions    Israel fires largely controlled after mass evacuations    Donald Trump looms large over Australia's election    Trump ousts Waltz as national security adviser, nominates him for UN post    Saudi economy posts 2.7% growth in 1Q 2025    New Parkinson's Pump therapy introduced at King's College Hospital London in Dubai First-of-its-kind treatment offers a new lease on life for the youngest Parkinson's patient in the UAE and MENA region    King Charles sends heartfelt message to fellow cancer patients    Al Nassr crash out as Kawasaki Frontale reach AFC Champions League Elite final    HR Ministry approves regulations for job ads and interviews in private sector    Saudi Transplant Congress discusses scientific advancements and innovations on organ donation and transplantation    Al Ahli stun Al Hilal to reach AFC Champions League Elite final    SR200,000 reward for each player of the Saudi club winning AFC Champions League title    William and Kate celebrate anniversary on Isle of Mull    Duran leads Al Nassr past Yokohama Marinos into AFC Champions League Elite semi-finals    Pakistani star's Bollywood return excites fans and riles far right    Veteran Bollywood actor Manoj Kumar dies at 87    Bollywood actress vindicated over boyfriend's death after media hounding    Grand Mufti rules against posting prayers and preaching in mosques on social media    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







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Tapping Asian capabilities
Published in Alriyadh on 26 - 02 - 2017

Despite the American dominance in the world on the economic and political fronts, other countries are emerging as strong contenders – not just in Europe, but in Asia as well.
With highly competent human capital, economically advanced, industry-dependent countries have emerged in Asia based on a strong vision laid by them more than 20 years ago. China, Japan, South Korea, Malaysia, India and Indonesia are some examples.
The industrial sector accounts for exports, strong currency and the creation of job opportunities. Being dependant on industrial expansion for national growth, these countries are hungry for energy, particularly oil and gas.
Saudi Arabia, the most resourceful energy owner in the world, enjoys security and political stability. This has reflected positively on its relations with countries all over the world. Since Asian countries are in need of energy to expand their industrial base, they have found a reliable partner in Saudi Arabia.
With Vision 2030 in mind, Saudi Arabia is aware that it is in need of Asian countries and their markets just as they need the Kingdom. The fact that the Vision in its written form has been translated into Chinese and Japanese, besides English, reflects the importance given by the Kingdom to these countries.
The tour of King Salman to Malaysia, Indonesia, China and Japan is reflective of the common economic interests the Kingdom shares with these countries, mainly focused on energy, industry and technology. This is expected to be translated into joint agreements at the private sector and government levels.
Saudis are aware of the importance of opening up to all friendly countries. It had opened up to various European and Asian countries, besides the US, when it started offering scholarships to students to study in these countries.
The ever-changing world calls for cultural and scientific diversification – and of course economic diversification, dictated by fluctuating global politics. Over time, the Kingdom's economic relations are spread across all continents of the world, becoming stronger day by day.


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