Saudi Arabia has expanded its support for the development of Haiti and Jamaica, thereby fortifying its alliance with Caribbean countries.
Memorandums of understanding were inked on November 17 by Jamaican Prime Minister Andrew Holness and Haitian Prime Minister Ariel Henry by Sultan Al-Marshad, the CEO of the Saudi Fund for Development.
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According to SPA, the objectives of the MOUs are to create a framework for advancing development cooperation and to offer assistance in a number of areas to Haiti and Jamaica via SFD.
The fund aims to promote the economic and sustainable growth of projects in important developmental sectors in both countries through the agreements.
To strengthen bilateral ties between the Kingdom and the CARICOM countries, these agreements were made outside of roundtable discussions between Saudi Arabia and the group.
Saleh bin Nasser Al-Jasser, the Saudi Minister of Transport and Logistics Services, went one step further in showcasing his dedication by concluding a deal with Barbados.
The agreement centers on providing bilateral air transportation services between the two countries and creating a framework of regulations for air transportation movement in line with the Chicago Convention’s tenets.
The pact upholds the fair and equal opportunity principles while regulating international civil aviation traffic.
As a result, the signed Memorandum of Understanding governs the awarding of transport rights and implements the criteria for airline identification and licensing that are relevant globally.
It also seeks to reinforce fair competition procedures, civil aviation security regulations, and aviation safety requirements. By using contemporary entry patterns to service the air transport market between the two nations, it also aims to further the joint economic interests of national carriers.
This is happening at the same time that Roosevelt Skerrit, the chairman of CARICOM, is speaking at the Saudi-CARICOM round table meeting. He mentions that a direct 12-hour flight between Saudi Arabia and the Caribbean was successfully tested on November 15 in order to potentially serve as a “gateway” to South America.
Saudi Arabia’s Minister of Investment, Khalid Al-Falih, also announced that the Kingdom would talk about starting direct flights to Caribbean countries via Riyadh Air, which it recently founded.
After the roundtable discussion, Guyana President Irfaan Ali and Saudi Energy Minister Prince Abdulaziz bin Salman had a meeting.
The agenda for the conference included topics related to developing bilateral ties and areas of energy-related cooperation between the two nations.
