“I call Saudi Arabia a continent rather than a country…We’re seeing now on TV something we’ve never seen before — we see green fields, we see skiing, we see sun and desert. You can’t believe this is the Arabian Peninsula. That makes it very attractive to every tourist or investor because they have variety, because you’re not restricted to one area or sector where you want to build something. You have a choice as to what you can do.”
–Khalaf Al-Habtoor, founder and chairman of Al-Habtoor Group. [arabnews.com]
“We would love to have the next big thing made in Saudi Arabia. We’re taking it one step at a time. I’m not going to go and compete with Silicon Valley while I don’t have the right ecosystem. We’re building that.”
–Yasir Al-Rumayyan, Saudi Public Investment Fund (PIF) governor, in an interview with Wired about meeting Crown Prince Mohamed Bin Salman, his vision for PIF, and how they need to do a better job communicating PIF strategy. [wired.com]
“Much as thinking about information systems and cyber-risks has become integrated into corporate and public-sector decision making, climate change and its resulting risks will also need to feature as a major factor in decisions. For companies, this will mean taking climate considerations into account when looking at capital allocation, development of products or services, and supply chain management, among others. For cities, a climate focus will become essential for urban planning decisions. Financial institutions could consider the risk in their portfolios. Developing a robust quantitative understanding is complex and will also require the use of new tools, metrics, and analytics. At the same time, opportunities from a changing climate will emerge and require consideration.”
–McKinsey Global Institute, in a recent study on the physical effects of climate change, including on individuals and communities, as well as infrastructure and natural capital. [McKinsey.com]
“At the beginning it was Carlos opening the road until he got stuck. Then Nasser got stuck in the dunes and after that I opened the road for more than 200 kilometres. Navigation was so tricky that we all reduced the speed.”
-Stéphane Peterhansel, French rally racing driver and 3x Dakar Rally winner, on the recent ongoing race in Saudi Arabia. Peterhansel is among three leaders in the race, including Carlos Sainz (ESP) and Nasser Al-Attiyah (QAT). The three leaders have 18 total Dakar Rally wins between them. [redbull.com]
“2,716,858 Umrah visas have been issued this Umrah season with 2,272,163 pilgrims arrived by air, 133,110 arrived by land and 7,299 arrived by sea. Those who arrived included 568,536 Pakistanis, 505,217 Indonesians, 292,822 Indians, 137,834 Egyptians, 124,951 Malaysians, 94,854 Turks, 90,894 Bangladeshis and 89,006 Algerians.”
–Saudi Arabia’s Ministry of Hajj and Umrah, announcing the latest data on Umrah visits issued this year. This year’s Umrah season extends from August 17, 2019 to June 21, 2020. Although there is a surge of Umrah pilgrims during the annual Hajj, pilgrims visit Saudi Arabia during much of the year. [arabnews.com]
“The disturbed and radicalized individual who carried out this terrible attack acted alone. He does not represent the hundreds of thousands of Saudis who have lived, studied and trained in the United States over the past several decades, nor does his heinous act represent the values of Saudi Arabia. Saudi Arabia has fully cooperated with American investigators looking into the motivations of the attacker. Saudi Arabia will continue to cooperate with US authorities should they require additional information.”
-Statement from the Embassy of the Kingdom of Saudi Arabia in Washington following the conclusion of an investigation into the Shooting at an airbase in Pensacola, Florida. [Saudiembassy.net]
“The U.S. is a strategic partner and it has a big role in terms of international security….We are leaving it to our friends of the U.S. to conduct themselves in a manner they see fit in attending to a situation like this.”
-Prince Abdulaziz bin Salman, Saudi Arabia’s Minister of Energy, discussing the recent heightened tensions between the U.S. and Iran with CNBC’s Hadley Gamble. The Prince also said Saudi Arabia “will continue to do all it can do to ensure stable oil markets.” [CNBC.com]
Although the Saudi Ministry of Labour and Social Development, “has until now, stepped back from stating that mixed gender work environments are now permissible with integrated work spaces, we have seen over the past year an erosion within public spaces of gender segregation; notably in some government offices and in many public spaces including restaurants, airport lounges, train lounges, leisure activities, hotels, and accommodation centers.”
–Sara Khoja and Sarit Thomas, lawyers for Clyde & Company, examining recent Saudi regulations regarding women in the workplace.
“The Kingdom and its leadership always stand with brotherly Iraq and will do everything in its power to spare it the danger of war and conflict between external parties, and for its generous people to live in prosperity after what they have endured in the past.”
–Prince Khalid bin Salman, Deputy Minister of Defense, in a statement on Twitter. [reuters.com]
