Fadl bin Saad Al Buenain
The Kingdom was successful in holding the Saudi-American and US-Gulf summits in Jeddah, which took security and development as its slogan. Great success and benefits were achieved, thanks to God, and then under the instructions of the Guardian of the Two Holy Mosques, King Salman bin Abdulaziz, and the implementation of His Majesty, Crown Prince Muhammad bin Salman, who succeeded in leading the two summits With knowledge and belief, achieving significant benefits not only for the state, but also for the region.
Quiet Saudi diplomacy brought the US-Saudi relations back in the right direction, and energized joint action among countries in the region, uniting the word to close ranks and achieve security and development, and instill hope in the hearts of the people. was able to. ,
Recognizing the mistake of US President Joe Biden to withdraw from the region, and linking his visit to rectifying past mistakes, putting Saudi-US relations on the right track with clear benefits, and strengthening and expanding energy, investment, communications of security and economic partnership through the signing of 18 agreements and memoranda in the fields of space and health.
The return of joint security cooperation is one of the important benefits of enhancing strategic security. Signing with Raytheon Defense Industries will enhance the Kingdom’s industrial capabilities and contribute to the transfer and localization of technology, and contribute to increasing the efficiency of the Kingdom’s cyber security system by forming a new partnership in cyber security with the US Cyber Security Agency will get. , and get the security of the digital system which will form the future base of the economy.
Signing a memorandum of cooperation in fifth and sixth generation technologies, linking US technology companies including IBM with Saudi companies, and focusing on training 100,000 young men and women over five years within the Qualitative Initiative, a significant As will contribute in strengthening the position of the State. Center for technology and innovation in the region. Accelerating the growth of the digital economy and accelerating the pace of research, development and innovation in digital systems are among the leadership’s priorities and strategic objectives emerging from Vision 2030.
At the Jeddah Summit for Security and Development, the main focus was on addressing the security challenges and major threats posed by Iran and its terrorist weapons in Yemen, Iraq and other Arab countries, in addition to energy security and the global economy.
The Kingdom was successful in choosing the summit’s slogan. Security is the cornerstone of development, and it cannot be separated between them. It is important to emphasize the importance of achieving security and stability of the region, moving forward in its development and building economies. Your country, in a safe and stable environment.
The issue of energy security is one of the issues raised by the US President, and despite its paramount importance, it is a mistake to separate it from the volume of production and its stability and the security of the producing countries and their oil. facilities and sea routes. Gulf countries account for about 20% of global oil demand, and their proven reserves account for 32% of total global reserves. However, they face security challenges in the region from Iran and its terrorist weapons and most importantly from the sea. This poses a threat because of the straits through which Gulf oil passes, and any threat to oil wells, refineries and tankers means a direct threat to energy security and the global economy, to which Iranian threats are posed. And action is needed to stop terrorist operations that destabilize energy. Security and the area in general.
Energy security and supply stability necessitate the end of biased policies against oil, which negatively affect investor confidence and prompt them to refrain from investing in the production sector, thereby reducing the risk of future losses. Oil supply may decrease, and prices may rise. , which was mentioned by His Majesty the Crown Prince in his speech at the top. The United States, and the West in general, should take note of the importance of protecting energy sources without discrimination, and encourage producing countries to invest more to increase their production capacity in line with the growth of global demand and the gradual transition needed. Towards renewable energy, in a way that ensures the balance of markets and meets the energy security and development needs of the global economy and oil producing countries whose main economic base is oil.