Saudi Press

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Monday, Nov 25, 2024

Philippine President's UAE Visit Marks 50 Years of Diplomatic Ties Amid Global Events

Philippine President Marcos Jr. visits UAE to strengthen ties in energy transition and cultural exchanges, while Saudi Arabia's World Investment Conference focuses on sustainable growth with the launch of the Jeddah Food Cluster under Vision 2030.
Philippine President Ferdinand Marcos Jr. embarks on a historic visit to the UAE, marking 50 years of diplomatic relations focused on strengthening ties in energy transition, AI, and cultural exchanges, underscoring the mutual appreciation between the two nations with potential economic collaborations on the horizon.

Meanwhile, across in Europe, the UK pledges to follow 'due process' if Israeli Prime Minister Netanyahu visits, amidst an ICC arrest warrant citing alleged crimes against humanity, as countries navigate the complex terrain of international justice obligations.

In the Mediterranean, a tragedy unfolded as at least eight migrants lost their lives when their vessel capsized near the Greek island of Samos, reminding us of the continued plight of migrants trying to reach Europe, as Greece recorded significant sea arrivals this year.

Shifting focus to Saudi Arabia, the 28th World Investment Conference in Riyadh highlighted trends like sustainability and demographic shifts, with Saudi Vision 2030 driving efforts to attract foreign investment, showing a significant increase as the Kingdom seeks to diversify its economy.

These investment discussions also tied into the need for global strategies to align with the UN's Sustainable Development Goals, with experts at the conference stressing the transformation of financial systems to support sustainable growth, particularly through Saudi Arabia's progressive reforms.

In line with these ambitious goals, Saudi Arabia has unveiled the Jeddah Food Cluster, the world's largest food park, under Vision 2030; this $5.3 billion initiative aims to enhance food security, generate thousands of jobs, and significantly boost the nation's GDP, highlighting a transformative vision for the region's future.
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