- Caribbean leaders to hold summit with Saudi Arabia – PM LEADS DELEGATION TO HISTORIC SUMMIT
Prime Minister Dr Ralph Gonsalves is leading a ten (10) member delegation to Saudi Arabia for the historic first Caricom- Saudi Arabia Summit. The Summit, which is the first of its kind, will take place in the capital, Riyadh on Thursday November 16th 2023.
Other heads of Government of the Caribbean Community and delegations are expected to be present in Riyadh for the Summit, to engage in substantive discussions on issues including enhanced cooperation and deepening diplomatic ties between Riyadh and the region.
Other matters on the agenda include climate change, trade, and investment opportunities. The Saudi Arabia Development Fund will also be one of the central areas of focus for discussions.
The Prime Minister will depart St Vincent and the Grenadines tomorrow, Tuesday November 14th and the delegation is expected to return on Friday November 17th.
The other members of the delegation are:
Hon. Benarva Browne Hon. Shackell Bobb
Ms. Angie Williams – Permanent Secretary
Mr. Cecil Harris – Senior Engineer
Mr. Tony Regisford –
Mrs. Janelle Hannaway- Horne
Ms. Avanell Da Silva – CEO, SVG Tourism Authority
Mr. Shevrell McMillan – Press Office
Economy of Saudi Arabia
The economy of Saudi Arabia is the largest in the Middle East and the eighteenth-largest in the world.[15] A permanent and founding member of OPEC, Saudi Arabia is also a member of the G20 forum as one of the world’s largest economies.
Saudi Arabia reportedly has the third most valuable natural resource reserves in the world, mostly petroleum and natural gas. The kingdom has the second-largest proven petroleum reserves and the fourth-largest measured natural gas reserves. Saudi Arabia is currently the largest exporter of petroleum in the world, which sees it occasionally referred to as a petrostate in Western media. Other major parts of the economy include refining and chemical manufacturing from the oil reserves, much of which is vertically integrated in the state-owned enterprise, Saudi Aramco.
