King Salman honoured at IIUM
- Author: Leroy Wright Mar 01, 2017,
Mar 01, 2017, 6:15
Fazel emphasizes that Salman's visit to Malaysia will have positive effects on the future of Saudi-Malaysia relations in particular, and on the relations of Saudi Arabia and other Asian countries in general.
Retno added that the meeting between Indonesia and Saudi Arabia will not only take place at the governmental level but also at the parliamentary and business levels.
The Jakarta Post reports that the king's enormous entourage reportedly comprise 1,500 people, including 10 ministers, 25 princes and at least 100 security personnel.
This is also King Salma's first visit to the region since his coronation in 2015.
King Salman bin Abdul Aziz al-Saudi, of Saudi Arabia is all set to go on a nine-day trip to Indonesia this week.
The kingdom is eager to attract investment as it diversifies its economy, including for its upcoming initial public offering of part of state oil giant Saudi Aramco.
It has also agreed to invest up to $45 billion in a new technology fund with Japan's SoftBank Group.
While it pushes ahead with its diversification efforts, Saudi Arabia is at the same time seeking to cement its position as the world's biggest oil exporter and establish itself as the dominant oil supplier to Asia's emerging markets.
Aramco is expected to sign an agreement during the visit to collaborate with Malaysia's state oil firm Petroliam Nasional Bhd (Petronas) on its Refinery and Petrochemical Integrated Development (RAPID) project.
"Conferment of honorary doctorate to His Majesty King Salman of Saudi Arabia by HRH Raja Nazrin Shah, Pro-Chancellor of UM on 27/02/17 at Universiti Malaya", she captioned.
Adji Gunawan of the airfreight company PT Jasa Angkasa Semesta (JAS) reportedly told the Antara news agency that his company used 572 workers to effectively arrange transport of the Saudi cargo.
Saudi King Salman has arrived in Malaysia to kick off a multi-nation tour aimed at boosting economic ties with Asia. Local paper Mihaaru reported that three resorts happen to be earmarked for his stay.