Saudi Arabia and the UK have signed an agreement that aims to strengthen ties between the two countries in a wide area of scientific and technological research.
UK government Science Minister Andrew Griffith and Saudi Arabia's Minister of Communications and Information Technology, Abdullah Alswaha, signed the deal in Riyadh on Monday.
It is hoped the agreement will lead to more collaboration on research and development on projects from food security to clean energy.
Mr Griffith is in Saudi Arabia to attend Leap 2024, the leading global technology conference also known as the "Digital Davos". He will meet senior figures from some of the kingdom's most promising sectors, such as space and life sciences.
"The Kingdom of Saudi Arabia is on an ambitious journey to modernise its economy and harnessing the power of science and technology is central to that transformation," Mr Griffith said.
"This is a huge opportunity for UK businesses, scientists and researchers."
Scientific and technological endeavours are a major part of Saudi Arabia's Vision 2030, the country's multibillion-dollar effort to diversify its economy.
Saudi Arabia’s aspirations
The deal sets out a framework for collaboration between the UK and Saudi Arabia across several tech sectors for advancements to be made in health care, combating climate change, development of space technology and capability, and more.
There are also plans to hold regular meetings, which will bring together key decision-makers from both countries’ research sectors, the first of which will take place later this year.
"Collaboration on a global scale is an essential part of realising the UK’s ambitions in science and innovation," Mr Griffith said.
"The sheer scale of Saudi Arabia’s aspirations means this relationship will be a key part of our own hopes for science and tech in the years to come."
Britain already has strong and significant economic links with Saudi Arabia. The Saudi Basic Industries Corporation (Sabic) and Alfanar have committed to investing a combined total of £1.85 billion ($2.35 billion) into decarbonisation and clean-energy technology in Teesside in the north-east of England.
In January, the UK and Saudi Arabian governments discussed plans regarding possible future joint ventures in space and innovation, including the potential to invest in the development of space-based solar power.
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When: The one-off Test starts on Friday, May 11
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TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.
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Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
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Power: 727hp
Torque: 1,000Nm
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Game 6 Thursday, at Oakland
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Favourite Quote: Prophet Mohammad's quotes There is reward for kindness to every living thing and A good man treats women with honour
Favourite Hobby: Serving poor people
Favourite Book: The Alchemist by Paulo Coelho
Favourite food: Fish and vegetables
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Date started: 2012
Founder: Amir Barsoum
Based: Dubai, UAE
Sector: HealthTech / MedTech
Size: 300 employees
Funding: $22.6 million (as of September 2018)
Investors: Technology Development Fund, Silicon Badia, Beco Capital, Vostok New Ventures, Endeavour Catalyst, Crescent Enterprises’ CE-Ventures, Saudi Technology Ventures and IFC
Profile box
Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
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Engine: 3.0-litre six-cylinder MHEV
Power: 360bhp
Torque: 500Nm
Transmission: eight-speed automatic
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Biog
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He has officiated weddings of Sikhs and people of different faiths from Malaysia, Sri Lanka, Russia, the US and Canada
Father of two sons, grandfather of six
Plays golf once a week
Enjoys trying new holiday destinations with his wife and family
Walks for an hour every morning
Completed a Bachelor of Commerce degree in Loyola College, Chennai, India
2019 is a milestone because he completes 50 years in business
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A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
Graduated from the American University of Sharjah
She is the eldest of three brothers and two sisters
Has helped solve 15 cases of electric shocks
Enjoys travelling, reading and horse riding
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- Torque: 760nm
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GP3 race, 12:30pm
Formula 1 final practice, 2pm
Formula 1 qualifying, 5pm
Formula 2 race, 6:40pm
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GP3 qualifying, 10:15am
Formula 2, practice 11:30am
Formula 1, first practice, 1pm
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Formula 1 second practice, 5pm
Formula 2 qualifying, 7pm
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Keep it fun and engaging
Stuart Ritchie, director of wealth advice at AES International, says children cannot learn something overnight, so it helps to have a fun routine that keeps them engaged and interested.
“I explain to my daughter that the money I draw from an ATM or the money on my bank card doesn’t just magically appear – it’s money I have earned from my job. I show her how this works by giving her little chores around the house so she can earn pocket money,” says Mr Ritchie.
His daughter is allowed to spend half of her pocket money, while the other half goes into a bank account. When this money hits a certain milestone, Mr Ritchie rewards his daughter with a small lump sum.
He also recommends books that teach the importance of money management for children, such as The Squirrel Manifesto by Ric Edelman and Jean Edelman.
The specs
Engine: 3.6 V6
Transmission: 8-speed auto
Power: 295bhp
Torque: 353Nm
Price: Dh155,000
On sale: now
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