Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The Bin Hethlain’s are well connected in Kuwait too!! “His Highness Sheikh Nawaf received Sultan Bin Salman Bin Hethlain, head of the Ajman tribe” https://news.kuwaittimes.net/website/crown-prince-receives-turkeys-ex-president/ https://www.kuna.net.kw/ArticleDetails.aspx?id=2473406&language=en I say grab all the pies!!!!
In fact Iran Air will be flying them all in this year!! https://financialtribune.com/articles/travel/98552/iran-air-to-operate-all-hajj-flights-to-saudi-arabia
The Israelis have been flexible with companies that do trade with Iran not sure why the Saudis would take objection! https://en.globes.co.il/en/article-israel-employing-chinas-sanction-breakers-with-iran-1001250902 business is business!!! As stated previously Iranians visit Saudi too on Hajj etc. therefore in the interest of all parties to have stringent security processes in place - and a neutral party deliver it!!!
Aliaspc a lot of people have underestimated today’s announcement. Just ask Hobione what happened when a certain Sheikh got involved with MX Oil - the share price got to Pluto!! Sheikh Salman Bin Mohammed Bin Khalid Bin Hethlain is no minion - he belongs to the Ajman tribe with members spread across Saudi Arabia, Qatar, U.A.E. and the Kuwait. The surname is usually spelt as “al hithalayn” or “Hathleen” (as shown below). The current Saudi Crown Prince’s mother comes from the same tribe (note the confusing surname spellings) Princess Fahda bint Falah bin Sultan bin Hathleen (https://dunyanews.tv/en/World/393938-Profile-Saudi-Arabias-new-crown-prince-) or Fahda bint Falah bin Sultan Al Hithalayn (https://gw.geneanet.org/frebault?lang=en&n=al+hithalayn&oc=0&p=fahda+bint+falah+bin+sultan) and the family has significant influence within Saudi Arabia https://www.intelligenceonline.com/government-intelligence/2015/03/25/who-are-king-salman-s-new-treasurers,108067019-eve MBS has been known to advance the cause of the Salman clan, and imposing his own people. He has surrounded himself with people who have already been close to the clan for a long time, and has also made families which support the clan the kingdom's key business partners. https://www.intelligenceonline.com/insiders/saudi-arabia/2015/10/28/mohammed-bin-salman-the-team-behind-saudi-arabia-s-new-strong-man/108108791-be1 Business in Saudi is a different ball game and with the right connections the sky is the limit!!!!! WSG has hit the jackpot if only people knew!!!!!!
Saudi investment chiefs have revealed ambitious plans to transform the Kingdom into a top-class hub for world transport. Air traffic in the Kingdom grew by 8 percent last year with 99.86 million passengers travelling on 771,828 flights. Al-Omar said: “Our vision is to put Saudi Arabia, the GCC’s largest country by economy and population, at the heart of this important industry, and maximize the potential of our strategic position to develop Saudi Arabia as a hub for world-class services and connections between air, land, and sea. “In the past three years, we have made huge steps forward implementing 45 percent of around 500 economic reforms. This has resulted in the Kingdom being ranked 4th by the World Bank for the number of reforms achieved within the G20.” And the anticipated aviation boom is expected to create thousands of new jobs in air-related careers. http://www.arabnews.com/node/1476796/saudi-arabia
Could be a lot of money incoming ....... The Saudi privatisation programme consists of municipalities, seaports, aviation, healthcare, transport and education https://www.oliverwyman.com/content/dam/oliver-wyman/v2/publications/2018/may/creating-a-sustainable-privatization-program.pdf Saudi Arabia has completed some six public-private partnership deals worth around $3.5 billion, and plans at least 23 more by 2022 https://www.reuters.com/article/us-saudi-privatisation-idUSKBN1QT28R The opportunity could allow WSG opportunities in other GCC countries too https://www.oliverwyman.com/content/dam/oliver-wyman/ME/publications/Creating-a-Sustainable-Privatisation-Programme-in-the-GCC.pdf This was released in Dec 2018 “Saudi Arabia is set to appoint a new private-sector operator for the King Abdul Aziz International Airport in Jeddah by the second half of next year” we could be due an announcement soon? https://gulfbusiness.com/saudi-appoint-new-private-sector-operator-jeddah-airport-2019/ King Abdulaziz International Airport (KAIA) witnessed a record number of passengers in 2017 reaching 34 million https://www.zawya.com/saudi-arabia/en/story/Saudi_Arabia_to_privatise_Jeddah_airport_by_first_half_of_2019_authority-ZAWYA20181223110833/
Possibly with the first flight out tomorrow https://twitter.com/aviationirancom/status/1142010576572485632 but it is due to Dubai (- KSA ally so still 50:50)! The plan was also to use the terminal for Hajj pilgrims (ofcourse to KSA!) so in the interests of both sides to have operational security checks - and even better the same company doing it so that it is all robust, assured, and streamlined!
“The Parties have also acknowledged and agreed that Westminster has business interests and prospects in many counties around the world and this Agreement will not in any way affect Westminster's business outside of Saudi Arabia.” WSG could have the same pie in KSA and Iran - multimillion pound contracts in the Middle East!!!
Well done LTHs - handsome rewards on the way. The £4million ‘bad debt’ repayment could be used to finance further projects rather than via a placing as being suggested ;-P Funny how we are now in bed with Iran’s foe KSA and all we did was focus on the other half haha
https://www.straitstimes.com/singapore/transport/changi-loses-20-year-contract-to-operate-saudi-airport Someone had raised this as being a hopefully opportunity for WSG last year after changi lost their contract - it has happened!
“The global artificial intelligence in medicines market was valued at $719 million in 2017 and is estimated to reach $18,119 million at a CAGR of 49.6% from 2018 to 2025” https://www.alliedmarketresearch.com/artificial-intelligence-in-medicine-market “the global Kidney Stone market growing further, will register a growth of USD 3,000Million by 2023” https://www.medgadget.com/2018/04/kidney-stone-market-to-worth-usd-3000-million-by-2023-at-4-0-of-a-cagr-forecasts-to-2023-asserts-mrfr.html This is just a start for us!!!
Took place on Tuesday - kicking off with domestic flights: http://www.tehrantelegram.com/story-z23586843 https://www.presstv.com/Detail/2019/06/19/598894/Iran-aviation-airport-Europe-France-sanctions https://www.passengerterminaltoday.com/news/terminal/president-opens-ikacs-salam-terminal-gallery.html Whilst at the same time “Stimulating discussion on progress between INSTEX and STFI at the Tehran Chamber of Commerce with the Irano-British Chamber, STFI shareholders and International Trade Director Keith Wellings“ https://twitter.com/tradegovukMENA/status/1141264885709516800
https://www.theguardian.com/world/2019/jun/18/uk-settles-13bn-claim-by-iran-bank-mellat-over-trade-ban-damages-sanctions Oh well the U.K. treasury may hand over some cash to WSG as payment for the airport security contract on behalf of Iran........
Well great the focus has moved from the aviation security chatter to container screening - guess there are many security pies around - depends which ones we wish to munch on. The container screening market is set to increase to USD 706.2 Million by 2022, at a Compound Annual Growth Rate (CAGR) of 33.0% https://www.marketsandmarkets.com/PressReleases/container-monitoring.asp. which could mean a 30-50million possible revenue market for WSG (excluding everything else!). Can WSG therefore get to £100million turnover per annum? Anything is possible and time will tell .......
https://en.radiofarda.com/a/russian-trade-delegation-of-250-officials-business-people-to-visit-iran/30003349.html Oh well they may as well give the Russians the airport security contract and we can be left sucking our thumbs and sulking at our losses .......
Work continues “The British, French and German Ambassadors to Iran welcomed representatives from INSTEX and E3 technical experts to Tehran this week for discussions with the relevant Iranian experts and counterparts. These discussions, funded by the EU TAIEX instrument, have helped to advance our collective efforts to ensure trade with Iran that is compliant with EU and international law can continue, including through the special purpose vehicle “INSTEX”.” “We understand the economic pressure the Iranian people are facing. We are committed to working with Iran to deliver INSTEX’s first transaction as quickly as possible. Expert exchanges of this nature are the best way to move us closer towards delivering on our shared goal to facilitate legitimate trade and economic relations with Iran. In light of the above, both sides have agreed a roadmap to expedite progress.” https://www.gov.uk/government/news/iran-statement-on-expert-talks-from-e3-ambassadors
The latest ....... https://schiffgold.com/key-gold-news/european-alternate-payment-system-to-circumvent-us-iran-sanctions-nearly-ready/ “The Russians have already developed an alternative payment system that has reportedly surpassed SWIFT in popularity within that country. According to the Central Bank of Russia, 416 Russian companies and government organizations had joined the System for Transfer of Financial Messages (SPFS)”. Deputy Russian Foreign Minister Sergei Ryabkov says Europe's INSTEX must facilitate imports of Iranian oil https://www.alef.ir/news/3980322072.html Helga Schmid, Deputy EU foreign policy chief, will travel to Iran this week to in part discuss operationalizing INSTEX https://www.entekhab.ir/fa/news/482731/
British Embassy Tehran meeting with the DIT on trade prospects in Iran. https://twitter.com/tradegovukMENA/status/1138689644755857408