AVIATION-

KSA’s Air Connectivity Program (ACP) has inked an agreement with Hainan Airlines to launch two new routes connecting the kingdom with China, Saudi press agency SPA reports. The new routes mark the third and fourth air connections between the two countries, following the launch of national carrier Saudia’s Riyadh-Beijing and Beijing-Riyadh service in August and an already existing connection between Jeddah and Guangzhou. Boosted tourism, trade, and cultural exchange are expected upshots of the increased travel capacity, SPA added.

TRADE-

KSA, Singapore look to boost trade and economic ties: Saudi Commerce Minister Majid bin Abdullah Al Qasabi led a kingdom’s delegation of 36 officials from the private and public sectors to Singapore, in a bid to explore ways to strengthen economic and trade relations between the business sectors of both countries, according to a statement. The visit comes ahead of the Saudi-Singapore business forum, which takes place tomorrow and will focus on the logistics, e-commerce and other tech sectors.

ALSO WORTH KNOWING-

  • E-commerce platform YallaHub will now feature its goods on quick delivery services WEE Marketplace as part of a recent partnership.(Statement)
  • Saudi ports authority Mawani met with several French logistics and maritime firms during the Saudi-French Maritime Forum to discuss boosting bilateral trade. (Statement)
  • Saudi Transport Minister Saleh Al Jasser met with COSCO Shipping Chairman Wan Min on the sidelines of the Global Sustainable Transport Forum to strengthen bilateral ties and explore economic partnerships between China and KSA. (Statement)
  • Egypt’s General Authority for Investments and Freetrade Areas (GAFI) CEO Hosseim Heiba and Swiss Economic Affairs Minister Helen Budliger Artieda to discuss establishing a joint economic committee, as they look to expand partnerships in sectors including logistics, transport and industrial parks. (Statement)
  • Egy ptian President Abdel Fattah El Sisi met with Asian Infrastructure Investment Bank (AIIB) President Jin Liquin on the sidelines of the Annual Meeting of the AIIB Board of Governors to discuss cooperation in transport and clean energy. (Statement)
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