he Saudi government announced yesterday that it would donate $300,000
to a trust fund that aims to abolish maritime piracy off the coast of
Somalia and to support the prosecutorial legal process.
Prince Turki bin Mohammed bin Saud Al-Kabeer, undersecretary for the
Ministry of Foreign Affairs for Multilateral Relations in the UAE, made
the announcement in his speech in Dubai during the 3rd conference
against maritime piracy. The theme of the conference was "Anti-Piracy: A
Continuing Task to Build Regional Capacity."
Saudi Arabia is known for its active role in combating piracy around
the world, as it greatly affects local and international sales of goods
in the entertainment industry.
Last year, the government adopted the Unfair Competition Law (UCL) to further boost the Kingdom's campaign against piracy.
The Kingdom also provided expert training courses for coast guards to
identify, prosecute and apprehend pirates in the Arabian Sea's borders.
Piracy along the Somali coast has threatened the international shipping industry since the Somali civil war.
International deliveries are frequently interrupted along the Somali
coast, which has resulted in an unprecedented rise in shipping expenses
amounting to around $6.6-6.9 billion a year, according to statistics
provided by Oceans Beyond Piracy (OBP).
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