Speech of His Majesty King Juan Carlos I
From Casa Real .
Excellencies,
It is for me a great pleasure to pay an Official Visit to the Kingdom of Saudi Arabia, the fourth since my accession to the throne of Spain. I vividly re-call the hospitality I always received in my previous visits to this great and splendid country and the warmth of its people.
Since the founding of the present Kingdom of Saudi Arabia, now almost three quarters of a century ago, this country, under the able leadership and guided by the wisdom of the Al-Saud Royal Family, has advanced steadely, both politically and economically. During my Visits, I have been a privileged witness to this progress, which has resulted in the renewed respect that Saudi Arabia nowadays enjoys, in the region and in the world.
A few months ago, the Custodian of the Two Holy Mosques, His Majesty King Abdullah, became Head of State. I have been acquainted of his qualities of leadership for many years. He has been crowned at a challenging time, when the region is facing old and new conflicts which threaten local and international stability.
His wisdom will be essential for situating Saudi Arabia in the forefront of the peace efforts. Saudi Arabia and Spain are both also at the forefront of the fight against terrorism. In these efforts, the Custodian of the Two Holy Mosques will have, I assure you, all the support of My Government and the people of Spain.
Economically, the Kingdom has seen dramatic changes in the past year. The economic measures taken by His Majesty King Abdullah have paved the way for a new climate of confidence and optimism. New horizons for the private sector, for the youth and for women have ushered in a new mood in the country. The King Abdullah Economic City offers an excellent example in this respect as it will be an engine growth for Saudi Arabia.
The far-sighted policies of your leaders have been a stabilizing force in the world energy markets, contributing decisively to the strengthening of our economies. Last December, Saudi Arabia became a member of the World Trade Organisation, - with, I am pleased to say, the support of Spain. In the foreseeable future, the Kingdom will benefit tremendously from this renewed integration into the global economy.
Spain has become a highly developped country in a relatively short period of time. We have become a leading capital exporter, - the fourth largest in the world in 2005 according to United Nation´s statistics. Our rate of growth has been among the highest within the European Union for the past ten years; in the last two decades, we have reshaped the landscape of our country with new airports and highways, high speed trains and industrial plants.
And we are ready to engage in close cooperation in every field with a partner as vibrant and energetic, as is Saudi Arabia.
Saudi Arabia and Spain share a culture that spanned and flourished for more than eight centuries. We enjoy a very close political relationship. Now is the time to reinforce our bilateral links with strong economic ties.
I am therefore very pleased with yesterday´s signature of various relevant bilateral agreements; I am also confident that the negotiations currently under way for an agreement to avoid Double Taxation will soon be finalized.
Today´s meeting and presentation at SAGIA mark the beginning of a new relationship between businessmen leaders and industrialists of our two countries, to the benefit of both our peoples.
Finally, allow me to express my happiness at being here with you today. I sincerely hope that your efforts to strengthen the ties between Saudi Arabia and Spain will be successful. I am deeply greateful for your warm welcome and hospitality towards myself, my official delegation and the businessmen accompanying me.
I am sure that with the enlightened support of the Custodian of the Two Holy Mosques, His Majesty King Abdullah, His Government and the people of Saudi Arabia, the future of our bilateral cooperation will be brighter and closer than ever.
Thank you very much.