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Country Report
Congratulatory Message
by Saudi Ambassador
Ahmad Y. Al Barrak
on National Day
King Abdullah bin Abdul Aziz Al-Saud
The celebration of the National Day of
the Kingdom of Saudi Arabia for this year
comes while the renaissance march- that
has been initiated by the founder, His
Majesty King Abdul Aziz Al-Saud, May
God bless him, who laid the foundations
of the Kingdom’s ideological, institutional
and administrative pillars-still continuing
in the era of His loyal sons, guided by His
ideas and rich experiences in the fields of
development planning and economic administration,
resulted in concrete achievements
and successes in all fields, that have
been reflected in continuing rise in citizen’s
standard of living and their quality of
life, comprehensive urban and industrial
renaissance, infrastructure system, advanced
economic and social services that
covered all parts of the Kingdom. Such
Saudi Ambassador Ahmad Y. Al Barrak
achievements stand as a clear evidence of
the effectiveness of development approach
that has been adopted by the Kingdom of
Saudi Arabia.
Over more than three decades, structural
developments have been achieved, including
economic and social aspects that
are visible on both macro and sectoral levels.
The Kingdom’s economy gained a lot
of power elements which enabled it to face
the global economy’s volatility, and increased
its adaptability to sudden changes
and developments. Over the past years,
the Kingdom of Saudi Arabia has witnessed
remarkable increase in the volume
of direct foreign investments and became
the leading country in the Middle East in
this field. The Kingdom was ranked the
16th among 181 countries in 2008 for attracting
FDI according to the IFC of the
World Bank Group.
Given that Saudi citizen is the center of
development and its ultimate goal, human
resources development received particular
importance in the renaissance march of
the Kingdom, sectors of education and
training have achieved high levels and unprecedented
growth
Thanks to God and thanks to such economic
and social progress, the Kingdom
has assumed a prominent place among the
countries of the world, and an active member
in the international community. The
Kingdom of Saudi Arabia is among top
donor countries to provide a helping hand
to all those who are in need. The total value
of aid and concessional developmental
assistances to the developing countries
provided by the Kingdom through bilatreal
and multilatreal channles reached more
than US$ 90 billion during the period from
1973 to 2007, benefiting 87 countries
worldwide, namely in Africa and Asia.
The Kingdom’s donations exceeded the
percentage set by the U.N. for donor countries
which is 7.0 percent of GDP.
The Kingdom’s efforts to support development
plans in the developing countries
are not only confined to provide assistances,
but also worked for employing its
contributions in many regional and international
development institutions in order
to support international initiatives and efforts
to solve development problems that
face these countries.
In the context of efforts to strengthen bilateral
relations, the two countries witnessed
a remarkable progress as a result of
the Summit between the Custodian of the
Two Holy Mosques King Abdullah Bin
Abdul Aziz Al-Saud, King of the
Kingdom of Saudi Arabia, and the late
former president His Excellency Roh
Moo-hyun, in Riyadh during 24-26
March, 2007, and the talks that was held
between the late Korean President and His
84 KOREA IT TIMES | October 2010