The Public Investment Fund of Saudi Arabia (PIF) today announced the signing of a non-binding Memorandum of Understanding (MoU) with Softbank Vision Fund LP (SBVF) to create the New Solar Energy Plan 2030, the world’s largest project of its type, following the launch of the concept in October 2017. PIF and SBVF intend to complete due diligence by the end of May 2018.
The Kingdom has committed to localizing a significant portion of the renewable energy value chain in the Saudi economy, including research and development and manufacturing.
His Royal Highness Crown Prince Mohammed bin Salman visited the United Nations headquarters in New York City yesterday and met with United Nations Secretary General Antonio Guterres.
The Secretary General of the United Nations expressed his appreciation for the Kingdom's humanitarian contributions in the world and to the Yemeni people, specifically its support and funding of the UN Humanitarian Response Plan in Yemen, and called on countries to contribute to this effort.
The second annual Saudi-U.S. CEO Forum 2018 brought together more than 200 business leaders from the Kingdom and U.S. companies together to create partnerships, strengthen the economic ties between the Saudi Arabia and the United States, promote bi-lateral trade and expand cultural understanding and awareness.
The spokesperson for the Coalition Forces to Support the Legitimacy in Yemen, Col. Turki Al-Maliki explained, at a press conference in Riyadh, Iran’s support to the Houthis, including supplying them with ballistic missiles. Col. Al-Maliki made the following remarks:
Col. Turki Al Maliki, the Spokesperson for the Coalition Forces to Support the Legitimate Government in Yemen, stated that, according to the Coalition Air Defense Forces, seven ballistic missiles were shot towards the Kingdom of Saudi Arabia from within the Yemen this evening.
In line with the Crown Prince’s dimensional approach to the United States tour, His Royal Highness Crown Prince Mohammed bin Salman visited Harvard University. As a premier educational institution, His Royal Highness’ visit to the university reflects the importance the Kingdom places on education and further developing it to ensuring that Saudi citizens are able to achieve their true potential.
In his first official tour to the United States as Crown Prince, His Royal Highness Crown Prince Mohammed bin Salman’s visit today in Greater Boston focused on nurturing ties between the private sector and academia of the two nations.
During the Boston leg of the Crown Prince's United States visit, His Royal Highness Crown Prince Mohammed bin Salman visited the IBM Health Center. The visit highlighted the capabilities of Artificial Intelligence (AI), which can be utilized to solve complex problems, and how such applications can play a role in the Kingdom of Saudi Arabia’s future. The Kingdom has set a purposeful course for reforming and revamping the country under Vision 2030, which includes using the latest technology and developing it further to catalyze growth.
On March 23, 2018 His Royal Highness Crown Prince Mohammed bin Salman received Jim Yong Kim, President of the World Bank. Discussions included the Kingdom of Saudi Arabia’s plans to diversify and develop its economy, to develop its human capital, and create an avenue for greater technological development and advancement, all of which Vision 2030 aims to accomplish.
On March 23, 2018 His Royal Highness Crown Prince Mohammed bin Salman received Ms. Christine Lagarde, the Managing Director of the International Monetary Fund. Discussions focused on the Kingdom of Saudi Arabia’s Vision 2030, the country’s strategic blueprint for economic diversification. The reforms within this Vision include diversifying the Kingdom’s economy, developing trade, investing more in technology, and human capital.