Saudi Arabia is ‘committed to environment’s conservation’

Special Saudi Arabia is ‘committed to environment’s conservation’
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Session in progress at HIMA forum Riyadh. (AN Photo/Abdulrahman Alnajim)
Special Saudi Arabia is ‘committed to environment’s conservation’
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Guests at HIMA forum Riyadh. (AN Photo/Saad Al-Anzi)
Special Saudi Arabia is ‘committed to environment’s conservation’
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Guests at HIMA forum Riyadh. (AN Photo/Saad Al-Anzi)
Special Saudi Arabia is ‘committed to environment’s conservation’
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Session in progress at HIMA forum Riyadh. (AN Photo/Abdulrahman Alnajim)
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Updated 22 April 2024
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Saudi Arabia is ‘committed to environment’s conservation’

Saudi Arabia is ‘committed to environment’s conservation’
  • Local and international experts gather at first Hima protected areas forum in Riyadh
  • Arabian leopard, which is critically endangered, provides flagship species for conservation efforts in Kingdom

RIYADH: Saudi Arabia is committed to the environment’s conservation and working to transform the landscape by promoting large-scale tree planting, combating desertification and enhancing biodiversity, an expert said at the first Hima protected areas forum in Riyadh.

Keynote speaker Dr. Faisal Wali, energy and water manager at the King Abdullah University of Science and Technology, who spoke on Monday on the “Conservation in an Era of Climate Change” panel, said: “Saudi Arabia is committed toward conservation.

“Vision 2030, Saudi Arabia’s economic and social reform plan, prioritizes environmental sustainability under the National Transformation Program, National Renewable Energy Program, Environmental Strategy and the Saudi Green Initiative, and aims to transform the landscape by promoting large-scale tree planting, combating desertification and enhancing biodiversity.”

The Arabian leopard, which is critically endangered, provided a flagship species for conservation efforts in the Kingdom, Wali noted. Recognizing Saudi Arabia’s efforts, the UN last year designated Feb. 10 as the International Day of the Arabian Leopard.

He went on to add that loss of habitat and fragmentation were major threats to wildlife and that the Kingdom had established protected areas and camera traps to monitor populations of its animals.

Speaking of conservation efforts in the Red Sea, he stressed that it was home to more than 1,200 species of fish and more than 300 types of hard corals in a unique ecosystem.

The Red Sea boasts the world’s largest coral nursery and research is being conducted on threatened species like the hawksbill sea turtle.

Wali emphasized the work KAUST was doing toward sustainability goals, adding that the efforts of Saudi Arabia, which had been bolstered by Vision 2030, offered a promising path into the future.

Climate change is not a problem limited to the Middle East, he noted, but a global phenomenon, and conservationists had worked on creating protected areas, reducing carbon emissions and supporting sustainable hunting practice.

Coral bleaching in Australia’s Great Barrier Reef, rising sea temperatures, and acidification are recent issues that are adding to growing problems,Wali explained.

He added that conservation efforts included implementing stricter rules on fishing and tourism, promoting marine-protected areas and funding research on coral resilience. Conservation efforts had a track record of success when it came to protecting endangered species, he added.

“We need to build upon this success by incorporating climate considerations into conservation strategies. Climate change presents new challenges but pre-existing conservation efforts provide a foundation,” he said.

Panelist Mohammed Qurban, CEO at the Saudi National Center for Wildlife, said that the center was working to address problems: “Under Saudi Vision 2030, environmental strategy conservation in the face of climate change is paramount. With five dedicated centers working in tandem and the implementation of the 30x30 program, we are actively addressing environmental challenges head on.”

Dr. Mazen Asseri, director at the National Center for Meteorology, highlighted the management of protected areas for conservation, and the accuracy of data that will help in monitoring the wildlife population and protecting biodiversity.

He added that collaboration between governments, nongovernmental organizations and local communities was crucial, but that working together would ensure the continued survival of the planet’s biodiversity.

Dr. Jacques Trouvilliez, executive secretary of the secretariat of the African-Eurasian Migratory Waterbird Agreement, stressed the need of ecological corridors for conservation, and the need to maintain habitat ecology.

He praised Saudi Arabia, adding: “I am glad that the Kingdom has a timely response in Vision 2030, and its green initiatives are crucial to conversations.”

Dr. Andrew Gardner, chair of the Emirates Natural History Group, who moderated the panel discussion, pointed out that climate change had a huge effect on biodiversity, causing many challenges, recent excessive rains and flash floods in the UAE and Oman providing a good example.

The National Center for Wildlife organized the forum to discuss conservation efforts for natural habitats and wildlife in Saudi Arabia.

It was inaugurated on Sunday by the minister of environment, water, and agriculture and chairman of the board of the National Center for Wildlife, Abdulrahman Al-Fadhli.

The four-day event, which concludes on April 24, is the first of its kind in the region and attracts both local and international participants.

Since its founding in 2019, the National Center for Wildlife has addressed challenges facing wildlife and marine ecosystems, aiming to protect the environment for future generations.


Saudi pavilion draws crowds at Cairo book fair

Saudi pavilion draws crowds at Cairo book fair
Updated 17 sec ago
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Saudi pavilion draws crowds at Cairo book fair

Saudi pavilion draws crowds at Cairo book fair

RIYADH: Saudi Arabia’s pavilion at the 56th Cairo International Book Fair has attracted significant visitor numbers since opening on Jan. 23.

The Ministry of Islamic Affairs’ corner at the pavilion is showcasing its efforts to serve Muslims in line with Vision 2030, the Saudi Press Agency reported.

A highlight of the corner is the daily distribution of hundreds of copies of the Holy Qur’an, printed in various sizes by the King Fahd complex in Madinah.

Visitors have been captivated by interactive displays detailing advanced Qur’an printing technologies, reflecting the Kingdom’s dedication to preserving and spreading the Holy Qur’an globally, the SPA reported.

The ministry’s corner also features rare historical Islamic manuscripts, highlighting works of jurists, linguists and scholars.

A 3D virtual Hajj and Umrah app offers a step-by-step guide to sacred rituals, while digital services like the Rushd and Correct Quotation apps enhance the visitor experience.

Many attendees have praised the ministry’s efforts, expressing gratitude for Saudi Arabia’s commitment to supporting Muslims, according to the SPA.

The fair, organized by the Egyptian General Book Organization, is hosting 1,345 publishers from 80 countries. It runs until Feb. 5.


Mideast, North Africa region ‘among world’s best’ for renewable energy, says UN official as climate forum opens

Mideast, North Africa region ‘among world’s best’ for renewable energy, says UN official as climate forum opens
Updated 28 January 2025
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Mideast, North Africa region ‘among world’s best’ for renewable energy, says UN official as climate forum opens

Mideast, North Africa region ‘among world’s best’ for renewable energy, says UN official as climate forum opens
  • Solar energy a major source, Mahmoud Mohieldin tells Arab News
  • More private sector support needed to fund sustainability projects

RIYADH: The Middle East North Africa region is “among the world’s best locations for renewable energy,” a UN climate official told Arab News recently, ahead of a Bahrain climate conference that opened today.

Mahmoud Mohieldin, the UN special envoy for financing the 2030 sustainable development agenda, shared his insights on the MENA region, financing climate and regional energy resilience.

The third annual Sustainability Forum Middle East takes place on Jan. 28 and 29.

Held under the patronage of Mohamed Bin Daina, Bahrain’s minister of oil and environment and special envoy for climate affairs, the SFME is supported by the Supreme Council for Environment.

The two-day event is expected to attract over 400 senior business leaders and sustainability experts from the region and beyond. The forum features more than 50 speakers from the MENA region, Europe, the UK, US and Brazil.

“The region is among the world’s best locations for renewable energy, and MENA countries are becoming increasingly prominent players in that sphere.”

“Between 2013 and 2023, the Middle East region quadrupled its share of solar energy generation, and it is currently home to record low levelized costs of electricity for solar PV (photovoltaic power),” he said.

While acknowledging the region’s unique strengths, Mohieldin also highlighted challenges posed by geopolitical tensions and strained economic conditions.

He stressed the importance of exploring mechanisms including carbon markets and debt swaps.

“Egypt’s launch of its first regulated voluntary carbon market is a significant step toward achieving economic and environmental sustainability,” he noted.

Mahmoud Mohieldin, the UN special envoy for financing the 2030 sustainable development agenda. (Supplied)

Commenting on the forum, Mohieldin said: “Events like the Sustainability Forum Middle East are essential to building on the momentum generated by successive COPs (Conference of the Parties) in the region and driving further action.”

On the topic of public-private collaboration, Mohieldin said: “The private sector enjoys significant financial resources that can be directed toward sustainability. Almost half of climate finance provided worldwide between 2011 and 2020 came from the private sector.”

Mohieldin also highlighted the transformative potential of technology and innovation in addressing climate challenges.

“Innovation is what made renewables today ubiquitously cheaper than any other energy source. Solar panel costs, for example, have fallen by around 20 percent for every doubling of global cumulative capacity,” he said.

Mohieldin pointed to the rapid advancements in artificial intelligence as a double-edged sword, offering tools for predictive modeling and climate risk assessment while also raising concerns about the “AI divide,” which could disadvantage developing countries.

When asked about his expectations for this year’s forum, Mohieldin outlined several key areas of focus, including hydrogen, water security, and Carbon Border Adjustment Mechanisms.

“The imminent implementation of CBAM will have notable consequences on critical industries in the region. Discussions at the forum should focus on synthesizing policy solutions to mitigate risks while using CBAM as an opportunity to nurture domestic or regional carbon markets,” he said.

Mohieldin also called for a greater emphasis on turning the region into a contributor to advanced technologies, rather than just a user, to strengthen its role in global sustainability.


Saudi FM receives Turkish counterpart in Riyadh

Saudi FM receives Turkish counterpart in Riyadh
Updated 28 January 2025
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Saudi FM receives Turkish counterpart in Riyadh

Saudi FM receives Turkish counterpart in Riyadh

RIYADH: Saudi Foreign Minister Faisal bin Farhan received his Turkish counterpart Hakan Fidan in Riyadh on Tuesday for talks on bilateral relations and regional issues of common interest, the Saudi Press Agency reported.

The ministers discussed ways to deepen ties and increase the trade exchange between their countries.

They also discussed developments on the regional and international arenas. 

Prince Faisal receives Turkish Foreign Minister Hakan Fidan at the ministry headquarters in Riyadh (SPA). 

 

 

 


Saudi Arabia opens Makkah and Madinah to foreign investments

Saudi Arabia opens Makkah and Madinah to foreign investments
Updated 28 January 2025
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Saudi Arabia opens Makkah and Madinah to foreign investments

Saudi Arabia opens Makkah and Madinah to foreign investments
  • Move aims to boost the capital market’s competitiveness and align with the Kingdom’s Vision 2030 economic diversification objectives
  • While non-Saudis allowed to purchase properties in Kingdom, there are restrictions, in the holy cities ownership is generally limited to Saudis

RIYADH: Foreigners can now invest in Saudi-listed companies owning real estate in Makkah and Madinah, following a landmark decision by the Saudi Capital Market Authority.

Effective immediately, the move aims to boost the capital market’s competitiveness and align with the Kingdom’s Vision 2030 economic diversification objectives, the CMA announced in a press release. 

While non-Saudis are allowed to purchase properties in the Kingdom, there are specific restrictions, and in the holy cities ownership is generally limited to Saudi nationals — although foreigners are allowed to lease properties there. 

Under the new guidelines, foreign investments are limited to shares or convertible debt instruments of listed companies. Total non-Saudi ownership, including individuals and legal entities, is capped at 49 percent of a company’s shares.

However, strategic foreign investors are prohibited from holding stakes in these companies. 

The move comes amid reforms across the region, with most neighboring countries allowing foreigners to own properties, primarily in free zones or designated areas under certain restrictions. 

“Through this announcement, the Capital Market Authority aims to stimulate investment, enhance the attractiveness and efficiency of the capital market, and strengthen its regional and international competitiveness while supporting the local economy,” said the CMA. 

The changes are also designed to stimulate foreign direct investment in the Kingdom’s capital market, as well as bolster its regional and international competitiveness. 

“This includes attracting foreign capital and providing the necessary liquidity for current and future projects in Makkah and Madinah through the investment products available in the Saudi market, positioning it as a key funding source for these distinctive developmental projects,” added the CMA. 

Strengthening the real estate sector and attracting more FDI into the Kingdom is one of the key goals outlined under the Vision 2030 program, as Saudi Arabia aims to reduce its dependence on crude revenues and diversify its economy. 

The Kingdom aims to attract $100 billion in FDI by the end of this decade, and the government body has been implementing various initiatives and reforms to enhance the attractiveness of the capital market.

Some of these efforts include allowing foreign residents to directly invest in the stock market, enabling non-Saudi investors to access the market through swap agreements, and permitting qualified foreign capital institutions to invest in listed securities. 

The CMA has also allowed foreign strategic investors to acquire strategic stakes in listed companies and directly invest in debt instruments. 

In 2021, the CMA also allowed non-Saudis to subscribe to real estate funds investing within the boundaries of Makkah and Madinah, which played a crucial role in increasing the attractiveness of the capital market to both regional and international investors. 

The share prices of real estate companies listed on Saudi Arabia’s stock exchange surged following the CMA’s announcement. 

Knowledge Economic City saw its share price rise by 9.89 percent to close at SR16.66 ($4.44). 

Jabal Omar Development Co.’s share price also increased by 10 percent to SR25.85, while Makkah Construction and Development Co.’s stock price climbed 9.84 percent to close at SR106. 


From Genoa to Jeddah: Italian vessel docks to grand welcome

From Genoa to Jeddah: Italian vessel docks to grand welcome
Updated 27 January 2025
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From Genoa to Jeddah: Italian vessel docks to grand welcome

From Genoa to Jeddah: Italian vessel docks to grand welcome
  • The 33rd stop of Amerigo Vespucci’s world tour brings Italian charm and heritage to Saudi Arabia
  • Italian Minister of Defense Guido Crosetto: We are very proud of this ship, and we are happy to share our journey with our Saudi friends

JEDDAH: The Amerigo Vespucci, a historic training ship of the Italian Navy, docked at the Jeddah Yacht Club and Marina on Monday morning, where it will be open to the public until Jan. 30.

The ship is on the 33rd stage of its two-year world tour, which began on July 1, 2023, from the Port of Genoa, Italy, traversing five continents, 30 counties and 35 ports before its return to the Mediterranean.

The ship is named in honor of Amerigo Vespucci, the Italian explorer from the late 15th and early 16th centuries. Vespucci was among the first to understand that the lands Christopher Columbus reached in 1492 were not part of Asia but rather a separate continent, which was later named America in his honor by the German cartographer Martin Waldseemuller in 1507.

The inaugural ceremony of the Villaggio Italy in Jeddah, which also kicked off visits on board the 93-year-old ship, took place in the presence of Saudi Assistant Minister of Defense Talal bin Abdullah Al-Otaibi, as well as Italian Minister of Defense Guido Crosetto and Chief of Staff of the Navy Adm. Enrico Credendino.

Also present at the ceremony were Ambassador of Italy to Saudi Arabia Carlo Baldocci; Minister of Tourism Daniela Santanche; Minister for Disabilities Alessandra Locatelli; Deputy Minister for Enterprise and Made in Italy Valentino Valentini; Undersecretary of State for Defense Matteo Perego di Cremnago; Undersecretary of State for Defense Isabella Rauti; and Consul General of Italy in Jeddah Leonardo Costa.

Marking the latest stop on the ship’s world tour, Crosetto said: “This is not an easy ship because it did not rely on modern technology but relied on human skills.

“We are very proud of this ship, and we are happy to share our journey with our Saudi friends.”

He paid tribute to the long friendship between the Saudi and Italian people: “This is a testament (to) the growing relationship between the two countries, the growing ties in the fields of politics and diplomacy, economics, security and defense, culture, science, sports and much more.”

Al-Otaibi welcomed the Amerigo Vespucci to Jeddah and expressed Saudi Arabia’s appreciation for this gesture, acknowledging the significance of the event in promoting peace, security, and cooperation.

He noted that the arrival of the ship underscores the commitment of both nations to expanding their naval partnership and reflects a broader effort to enhance diplomatic and military ties.

Speaking to Arab News, Costa said: “The Amerigo Vespucci’s visit to Jeddah reflects the enduring friendship between our nations. We are honored to share Italy’s naval legacy with the people of Saudi Arabia.

“It is not only that we are sharing the arrival of the Amerigo Vespucci ship but we (are) also sharing our culture, art, music, food and history at the Italian Village, which will be open to (the) public starting Tuesday,” he added. “Therefore, I encourage everyone to take advantage of this unique chance to step aboard one of the world’s most iconic ships.”

After 19 months on board the Amerigo Vespucci, Capt. Giuseppe Lai, commander of the ship, told Arab News that it has been a challenging journey: “We are so proud to reach our 33rd stage here in Jeddah for the first time.

“We are very proud to show the value and history of Italy, but at the same (time), we are pleased to learn more about other cultures and know other people.”

He noted that the ship is scheduled to complete the tour on June 10.

Following stops in Los Angeles, Tokyo, Darwin, Singapore, Mumbai, Doha, Oman and Abu Dhabi, the Villaggio Italia will be hosted, together with the Amerigo Vespucci, at the Jeddah Yacht Club and Marina.

Villaggio Italia is an international exposition showcasing Italy’s finest products and industries, reinforcing the country’s values and promoting its culture globally.

As part of its Jeddah stopover on an ongoing world tour, the 1930-built ship is hosting a series of engaging events including a painting competition, film screenings, and a concert by the Italian Air Force band.

On-board visits will be available from 2:30 p.m. to 5:30 p.m. on Tuesday and Wednesday, as well as a morning slot from 9:30 a.m. to 12:30 p.m. on Wednesday.