Saudi industry and mineral resources minister meets Brazilian executives

Saudi industry and mineral resources minister meets Brazilian executives
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Updated 27 July 2024
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Saudi industry and mineral resources minister meets Brazilian executives

Saudi industry and mineral resources minister meets Brazilian executives

RIYADH: Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef recently met Eduardo Bartolomeo, the CEO of Vale Mining Company, in Brazil.

The parties discussed the promising investment opportunities provided by the Saudi mining sector to Brazilian companies, and the expansion plans of Brazil’s investors in the Kingdom, the Saudi Press Agency reported on Saturday.

Bartolomeo praised the development and economic progress of the Kingdom in all fields and noted the efforts and initiatives involved in developing the Saudi mining sector.

Saudi Arabia is rapidly developing its mining sector, where there are an estimated SR9.4 trillion ($2.5 trillion) worth of buried mineral resources, to maximize the national economy’s and establish mining as a third pillar of its industrial sector.

The Kingdom values international cooperation and partnerships in addressing mineral supply chain challenges.

To attract investors, Saudi Arabia has improved the investment environment, including in mining, and by offering incentives such as contributing 75 percent of the financing of capital expenditures, a five-year tax exemption, and 100 percent direct foreign ownership.


Riyadh unveils comprehensive master plan to coordinate infrastructure works

Riyadh unveils comprehensive master plan to coordinate infrastructure works
Updated 13 sec ago
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Riyadh unveils comprehensive master plan to coordinate infrastructure works

Riyadh unveils comprehensive master plan to coordinate infrastructure works
  • Mayor of Riyadh and Chairman of the Infrastructure Projects Center Prince Faisal bin Ayyaf announced the comprehensive plan
  • Plan puts an end to random and individual works and moves to a new stage that depends on collective planning and prior coordination

RIYADH: Saudi Arabia has launched its first comprehensive master plan to coordinate infrastructure projects in Riyadh for 2025, easing traffic congestion, optimizing spending, and aligning with Vision 2030’s sustainable development goals.

Mayor of Riyadh and Chairman of the Infrastructure Projects Center Prince Faisal bin Ayyaf announced the comprehensive plan, which is part of broader efforts led by the capital’s Infrastructure Projects Center, established by a Cabinet decision in July 2023.

The plan represents a qualitative shift in the region’s development, as it puts an end to random and individual works and moves to a new stage that depends on collective planning and prior coordination.

In a speech during the plan’s review ceremony, Prince Faisal said that it will help in addressing clashes between various projects within the region and arranging priorities, by placing all projects within a unified timetable, which will improve the quality of life for the residents in the capital.

Osama Ghanem Alobaidy, adviser and professor of corporate law at the Institute of Public Administration in Riyadh, told Arab News: “The plan announced by the Riyadh mayor is a welcome move to reduce traffic congestions in the city.

“The increase in the city’s population, infrastructure projects as well as residential, commercial, investment projects, and mega projects have also resulted in traffic congestion.

“This master plan will better manage these problems through the creation of a structured and coordinated system that will allow the authorities to better manage the infrastructure projects around the city and will lead to the easing of traffic congestion. It will also lead to the optimizing of spending efficiency and ensure sustainability of infrastructure projects.”

Prince Faisal hailed the initiative as a transformative milestone for Riyadh. 

He noted that the Infrastructure Projects Center anticipates the urban growth of the city with careful planning, which raises the efficiency of projects and ensures the improvement of services provided to residents and visitors.

The mayor added that infrastructure is vital for any city and raises its capabilities, with Riyadh set to host major global events such as the AFC Asian Cup in 2027, Winter Asian Olympics in 2029, World Expo in 2030, the FIFA World Cup in 2034, and the Asian Games in 2034.

Fahad Al-Badah, CEO of the center, described the plan as a model for national cooperation, developed through a comprehensive engineering methodology. The process involved data collection, integration of planning efforts, and collaboration with over 15 government and service entities.

Al-Badah added that more than 837 plans were reviewed and approved, leading to the restructuring of 1,737 project phases and accumulating over 100,000 work hours. The center also conducted over 80 workshops and automated more than 66,000 pre-coordinated permits for 2025.

Riyadh has evolved from an emerging city into a global economic hub over the years, and is a leading investment destination. Its land area has expanded immensely, and its population has surpassed 7 million.

This rapid growth is reflected in the surge in infrastructure work permits, which have tripled from 50,000 in 2017 to over 150,000 in 2024.

“These figures underscore the city’s accelerated urban and economic expansion,” Al-Badah noted.

He underlined that sustaining this momentum requires adopting global best practices in infrastructure development, aligning with the ambitious goals of Vision 2030.


Industry leaders optimistic about quantum computing breakthroughs in Saudi Arabia

Industry leaders optimistic about quantum computing breakthroughs in Saudi Arabia
Updated 44 min 35 sec ago
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Industry leaders optimistic about quantum computing breakthroughs in Saudi Arabia

Industry leaders optimistic about quantum computing breakthroughs in Saudi Arabia
  • Superpowered quantum computers have potential to shape industries, they say during discussion at LEAP tech conference in Riyadh
  • Development of the technology is difficult but Aramco and others are already working to deploy first quantum computer in the Kingdom

RIYADH: As industries across the Kingdom strive to leverage the power of artificial intelligence, the development of quantum computing is expected to drive technological breakthroughs with the ability to shape industries, industry experts predicted on Tuesday.

Quantum computers uses qubits, a basic unit of information, to run multidimensional algorithms, rather than the binary 1s and 0s in traditional computing. This means the machines are more powerful and capable of solving complex problems much faster than traditional computers.

Speaking at the LEAP technology conference in Riyadh during a panel discussion titled “Quantum Leap: The Intersection of Quantum Computing and AI,” Daniela Herrmann, the co-founder of quantum computing platform Dynex, highlighted Saudi Arabia’s progressive efforts in the development of artificial intelligence and painted a positive picture of the country’s future role in the development of quantum computing.

“There is an amazing initiative already in AI, on ethics, and I think the Kingdom could play an enormous role in expanding that … also into quantum (computing),” she said.

“The Kingdom, as it is, is very foresighted and extremely progressive. I do promise myself that the Kingdom would be a fast driver of supporting the movement towards mainstream (quantum computing).”

The use of quantum computing could be particularly beneficial in the health and automotive industries, Herrmann added.

The breakthrough technology is not a new concept for the Kingdom. Last year, for example, Aramco signed an agreement with tech company Pasqal to deploy the country’s first quantum computer. In 2021, King Abdullah University of Science and Technology announced a collaboration with Zapata Computing in the US.

During the panel discussion, Bob Sutor, the CEO of Sutor Group Intelligence and Advisory, stressed the difficulty level of quantum computing development, and cautioned that the future of the technology remains uncertain.

“Quantum computing, on one hand, the science, the engineering, is very, very hard, but it’s also very, very hard to understand the relative quality of them and how quickly they will develop … so the fact is, we don’t quite know when we will have real quantum computers, right, at scale,” he said.

Nevertheless, Sutor said he is hopeful that AI will help “drive the development of the hardware” and added: “I think as we open up the world and we think of quantum networking, quantum communications beyond this, this is where the quantum and AI thing is really going to shock you.”

Reflecting on the present state of quantum computing and what comes next, Hermann said: “It is a fascinating time we are entering into.”

LEAP began on Sunday and concludes on Wednesday. The annual event in Riyadh, which began in 2022, aims to play a critical role in Saudi Arabia’s ambitions to become a global technology hub, in line with the Kingdom’s Vision 2030 plan for national development and diversification of the economy. To that end, Saudi authorities have pledged $100 billion of investment to advance the nation’s tech sector.

LEAP 2025 features more than 680 tech startups, 1,100 speakers, 1,800 technology brands, and more than 170,000 visitors, organizers said.


Kingdom’s 75-year green plan ‘a battle for cleaner air, healthier soil’

Kingdom’s 75-year green plan ‘a battle for cleaner air, healthier soil’
Updated 11 February 2025
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Kingdom’s 75-year green plan ‘a battle for cleaner air, healthier soil’

Kingdom’s 75-year green plan ‘a battle for cleaner air, healthier soil’
  • National Greening Program official outlines afforestation program
  • Scheme aims to combat land degradation, boost biodiversity

RIYADH: Saudi Arabia’s 75-year afforestation program is a battle for cleaner air and healthier soil, according to the general manager of the National Greening Program.

Ahmed Al-Anzi made the statement on Tuesday during a presentation titled “Shaping a Sustainable Future for Saudi Landscapes” at the World Environment Social and Governance Summit in Riyadh.

The National Center for Vegetation Cover official spoke about the road map to combat land degradation, boost biodiversity and improve air quality by 2100.

“Trees grow slowly, ecosystems rebuild incrementally. Our vision extends to 2100 to ensure real impact,” Al-Anzi said.

The phased plan allowed for adaptive responses to climate shifts, with milestones aligned with the Kingdom’s Vision 2030 sustainability goals, he said.

Respiratory diseases caused by pollution and sand particles are a significant cause of death in Saudi Arabia.

Al-Anzi said the program represented a battle for cleaner air and healthier soil.

“Our satellite-based NDVI mapping reveals both vegetation decline and recovery pathways,” he said, referring to the surveying method that assesses the density of vegetation.

He highlighted efforts to target zones ravaged by overgrazing and urban sprawl and said that NGP strategies included enforcing protections for the remaining green corridors.

The program’s goal was “to plant 10 million native trees annually by 2030, prioritizing drought-resistant species,” he said.

Deploying AI systems to optimize renewable water use, including treated wastewater, was crucial, and the NGP aimed to train 20,000 citizens in land stewardship through community partnerships, he said.

Al-Anzi also highlighted the program’s efforts to create new forests.

Tree planting initiatives, including mangroves, had achieved “impressive results with over 128 million trees planted to date” and in terms of land rehabilitation, “we have prioritized soil conservation and afforestation, successfully rehabilitating over 288,000 hectares of land,” he said.

The program’s land protection efforts have also focused on measures such as establishing national parks.

“To date, the program has protected more than 4.4 million hectares of land through these efforts,” Al-Anzi said.


Saudi FM heads Kingdom’s delegation at Paris AI Summit

Saudi Foreign Minister Prince Faisal bin Farhan attends the AI Action Summit being held in Paris. (SPA)
Saudi Foreign Minister Prince Faisal bin Farhan attends the AI Action Summit being held in Paris. (SPA)
Updated 11 February 2025
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Saudi FM heads Kingdom’s delegation at Paris AI Summit

Saudi Foreign Minister Prince Faisal bin Farhan attends the AI Action Summit being held in Paris. (SPA)
  • Prince Faisal is attending the global summit on behalf of Crown Prince Mohammed bin Salman, SPA said

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan is heading the Kingdom’s delegation to the AI Action Summit being held in Paris, Saudi Press Agency reported on Tuesday.

Prince Faisal is attending the global summit on behalf of Crown Prince Mohammed bin Salman, SPA added.

The summit is bringing together almost a hundred countries and more than one thousand private sector and civil society representatives from across the world, invited on an inclusive basis in recognition of their commitment to the action promoted by the summit and their desire to contribute actively to debate.

India will host the next international summit on artificial intelligence after co-hosting with France in Paris on Monday and Tuesday, President Emmanuel Macron’s office said.


Pepsico set to expand in the Kingdom, with new HQ opening in Riyadh

Pepsico set to expand in the Kingdom, with new HQ opening in Riyadh
Updated 11 February 2025
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Pepsico set to expand in the Kingdom, with new HQ opening in Riyadh

Pepsico set to expand in the Kingdom, with new HQ opening in Riyadh
  • President said PepsiCo had made investments of up to $2.5 billion in the last 10 years

DUBAI: The soft drinks manufacturer Pepsico is set to open its new regional headquarters in Riyadh this month as part of its expansion, President and General Manager of PepsiCo MENA Ahmed ElSheikh told Arab News on Monday.

“We are opening a new office at King Abdullah Financial District, which is going to be the key head office,” ElSheikh said

PepsiCo is also investing in a research and development facility in KAFD, he added, describing Riyadh as “the hub of the Middle East” with an ever-growing market.

The president said PepsiCo had made investments of up to $2.5 billion in the last 10 years. Recently, $55 million was invested to expand their capabilities.

“So, this is about investment: investment in offices, investment in R&D, and investment in capacity,” he said.

“We’re bullish about the growth in the Middle East.”

Pepsico currently has two manufacturing plants in the Kingdom: one in Damam and one in Riyadh, which exports to the rest of the Gulf Cooperation Council.

When asked how rapid market changes are affecting the brand, ElSheikh said Pepsico adapts to trends quickly.

“Health and wellness and fitness is a new trend, especially for Gen Z,” he said, referencing products such as Forno (baked potato) chips and Gatorade, which are growing in popularity among the demographic.

“The reason behind this is sports. People are very active,” he explained.

Each demographic has different needs, with Generation Z seeking healthier and more convenient products, said ElSheikh.

“Gen Z are looking for not just healthier products but also looking for on-the-go consumption versus at-home consumption,” he added.