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The opposition is demanding that the economy minister and the governor of the Al-Maghrib bank be summoned to parliament to discuss the implications of raising interest rates.
The Minister of Industry and Mineral Resources, the head of the Saudi side in the Joint Saudi-South African Committee, Bandar bin Ibrahim Al-Khoraef, confirmed the interest of the Kingdom in holding the ninth session of the committee. This is done to strengthen bilateral relations with South Africa, which is the main gateway for Saudi products and services to most countries on the African continent, indicating that the joint committee represents an important step to expand bilateral relations.
During his speech at a committee meeting held in Pretoria, South Africa, Al-Khoraef explained the importance of strengthening bilateral cooperation between the two countries in a wide range of areas such as (energy, industry and mining, agriculture, transport, culture, tourism , specifications and standards, communications, media, trade and investment), finance, education, healthcare, etc.).
He pointed out the need to capitalize on the national development plans between the two countries, highlighting that the Kingdom Vision 2030 includes ambitious goals and objectives and represents a unique and diversified transformation in many of his giant and world-famous projects such as NEOM and The line. , in addition to the Green Saudi Arabia Initiative, the Green Middle East and the tremendous progress that the Kingdom is seeing in technology and digital infrastructure.
Al-Khoraef added that there are many similarities between the Kingdom of Saudi Arabia and South Africa, especially in the mining sector, which is one of the prominent historical industries in South Africa. The Kingdom aims to bring bilateral roles together through the Indaba conference in Cape Town and the Future of Minerals conference held in the capital Riyadh in January each year, highlighting the Kingdom’s desire for South Africa to be part of its development journey as the Kingdom wishes be part of South Africa’s path to growth and prosperity.
The Minister for Industry and Minerals indicated the Kingdom’s interest in working with South Africa on clean and renewable energy, as in the case of the Redstone energy project.
CSP Acwa Power in Saudi Arabia, which is South Africa’s largest renewable energy project, is expected to start next year, in addition to SABIC’s Cape Town office, where it has been operating since 2008.
During the committee meeting, Al-Khoraef pointed to the need to increase preparedness for epidemics and health emergencies, as well as to intensify communication and information exchange between national contact points between the two countries. scholarships in Saudi Arabia.