Youth empowerment takes center stage at COP16   

Youth empowerment takes center stage at COP16   
Among the most pressing topics discussed at COP16 is the need to give young people a seat at the decision-making table. AN Photo
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Updated 06 December 2024
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Youth empowerment takes center stage at COP16   

Youth empowerment takes center stage at COP16   
  • COP16 has highlighted innovative youth-led initiatives and addressed the systemic challenges faced by young leaders in advancing sustainable land management
  • COP16 has also provided a platform for young leaders from across the globe to share their solutions to land degradation

RIYADH: Youth empowerment has emerged as a focal point at the UN Convention to Combat Desertification conference.

COP16 has highlighted innovative youth-led initiatives and addressed the systemic challenges faced by young leaders in advancing sustainable land management. 

The conference, which began on Dec. 2, aligns with Saudi Arabia’s Vision 2030 and the Kingdom’s commitment to engaging its youth in tackling climate challenges. Key discussions have underscored the importance of integrating young voices into policy-making and decision-making processes. 

Catalysts for change 

Among the most pressing topics discussed at COP16 is the need to give young people a seat at the decision-making table.

Speaking during the lead-up to the conference, Catarina Lorenzo, a 16-year-old youth climate champion, made a passionate case for including younger generations in the shaping of solutions to the environmental crises they will inherit.

“When we bring children to the table, we also bring the voice of nature,” she explained. “Effective actions have to be made now. We want to join in the negotiation spaces, and beyond that we want to be taken seriously.” 

This urgency was echoed by Jorge Leyva of the International Forestry Students’ Association, who said that while young voices were increasingly visible at global forums, their influence on actual policy decisions remained limited.

“We are the next generation, and we are not going to wait,” he said. “If we don’t have a seat at the table now, how will we know what comes next?” Leyva emphasized the frustration felt by many young leaders, who are often relegated to observation roles rather than being involved in substantive discussions. 

Youth empowerment 

As COP16’s host nation, Saudi Arabia has highlighted its commitment to empowering young people through initiatives such as the Green Saudi Initiative, which have mobilized thousands of young Saudis in afforestation and land restoration projects. 

“Saudi Arabia is leading by example in integrating young people into the heart of its sustainability efforts,” said Ibrahim Thiaw, executive secretary of the UNCCD. “Empowering youth is essential for achieving sustainable land management. Their voices bring fresh perspectives and the drive to innovate that is indispensable for addressing the challenges we face today.” 

Among the initiatives highlighted was a project by young Saudis that uses drones to plant seeds in degraded areas, blending technology with traditional land restoration techniques.  

Youth-led initiatives  

COP16 has also provided a platform for young leaders from across the globe to share their solutions to land degradation.

Lorenzo highlighted the unique knowledge children and youth bring to the discussion. “Children are often the most vulnerable to the impacts of climate change, from floods to loss of education opportunities,” she explained. “We are the best people to talk about the impact we receive and what our communities need.” 

These perspectives are not only vital but also often transformative. From using social media to raise awareness about local environmental challenges to leveraging indigenous knowledge in land management, youth-led projects have demonstrated the power of combining grassroots activism with innovative technologies. 

Despite the successes, COP16 participants have pointed out significant barriers to youth involvement. Lorenzo highlighted the lack of financial support for youth-led projects, noting that only 2 percent of global philanthropic funding directly benefited children and youth.

“This needs to change,” she said. 

Leyva added that young leaders often felt dismissed by older decision-makers: “They think that because we are students or maybe so young, we don’t have the knowledge to contribute. But we have a different perspective — one rooted in today’s realities and challenges, which older generations may not fully grasp.” 

To address these gaps, COP16 has introduced measures to boost youth participation, including mentorship programs to develop technical expertise in sustainable land management and commitments to integrate youth perspectives into policy frameworks. 

International collaboration  

The conference has also facilitated cross-border knowledge sharing, with young representatives from Africa, Asia and Latin America discussing their approaches to combating land degradation. 

Delegates from Burkina Faso, for example, shared how combining traditional agricultural practices with modern tools has helped build drought resilience. 

“When we share our experiences and knowledge across borders, we create a stronger foundation for sustainable action,” said one delegate. 

Driving tangible outcomes

In addition to its national programs, Saudi Arabia has taken a leadership role in the region by promoting youth engagement in environmental sustainability. The Kingdom’s National Afforestation Project, which aims to plant 10 billion trees, has actively involved young people in both planning and implementation. 

Saudi youth delegates expressed pride in their country’s efforts and, as COP16 progresses, the focus on youth empowerment remains a key theme. For young leaders like Lorenzo and Leyva, the event represents a vital opportunity to amplify their voices and push for tangible outcomes. However, they emphasize that their participation must lead to action, not just recognition. 

“Negotiators clap for our speeches,” Lorenzo noted, “but when it comes time to create resolutions, our input is often overlooked. That has to change.”  

By providing a platform for young leaders to connect with global stakeholders and share their ideas, COP16 has taken an important step toward fostering intergenerational collaboration. 

While significant challenges remain, the initiatives and discussions shown so far demonstrate a clear path toward building a more resilient and sustainable world — led, in part, by the energy and creativity of youth. 


Saudi Arabia puts AI at the core of its digital transformation: deputy minister

Saudi Arabia puts AI at the core of its digital transformation: deputy minister
Updated 11 February 2025
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Saudi Arabia puts AI at the core of its digital transformation: deputy minister

Saudi Arabia puts AI at the core of its digital transformation: deputy minister

RIYADH: Saudi Arabia continues to prioritize artificial intelligence as a cornerstone of its digital transformation, a top official said.

In an interview with Arab News during the third edition of LEAP 2025, Mohammed Robayan, deputy minister for technology at the Saudi Ministry of Communications and Information Technology, stated that the Kingdom is dedicated to ensuring robust computing infrastructure to fuel AI-driven innovation and economic diversification.

He underscored that AI is at the heart of Saudi Arabia’s digital transformation strategy, with unwavering support from the nation’s leadership, government agencies, and the private sector.

“It’s all about AI. It’s top of mind of our leadership. It’s top of mind of our ministry, of the different government entities that we collaborate with to achieve this agenda,” Robayan said.

He continued: “It’s also top of mind of the private sector, which is extremely important, so AI is really important. We have to make sure that this computing power is available to our ecosystem here in Saudi Arabia. I would say this is the No.1 agenda item that we’re tackling.”

Robayan also emphasized that a flourishing startup ecosystem is a vital element of the nation’s long-term digital strategy. He highlighted that supporting startups is key to cultivating a pipeline of companies with the potential to become unicorns—startups valued at over $1 billion.

“But another important part is the startup ecosystem here in Saudi Arabia. This is extremely important. This feeds into the pipeline of companies that eventually graduate to become unicorns,” Robayan said.

He added: “We have seven unicorns already in the market, and you need to build the pipeline… We have multiple initiatives that we are working on.

Robayan went on to say: “We have the National Technology Development Program. We have the Garage. They have been extremely helpful. They’re pumping a lot of money into this tech sector here in Saudi, and this has resulted in jobs, which is a big priority for us.”

The Kingdom is also experiencing substantial private sector investments in AI and technology, which are crucial for bolstering computational capacity and supporting economic diversification under Vision 2030. According to Robayan, these investments will play a pivotal role in reshaping Saudi Arabia's technology landscape.

“These will enable us to, first of all, have different computer power that is necessary for the Kingdom to advance in its agenda. This is one of the highest priorities, technology and the adoption of technology,” he said.

He said the these initiatives will have a profound impact on the Kingdom and its efforts to diversify away from oil.

Additionally, ensuring a balanced regulatory framework is a key focus for the Ministry, as it strives to foster investment while protecting innovation.

“With regulation, you don’t want to overdo it—just enough to avoid stifling innovation. Protecting investments and ensuring the democratization of AI and compute power is critical,” Robayan said.

Cybersecurity is another top priority, with Saudi Arabia positioning itself as a global leader in cyber defense. Robayan stressed that collaboration with the National Cyber Security Agency plays a critical role in ensuring regulatory requirements are met early, offering clear guidelines for investors.

“Cybersecurity is extremely important, and you can imagine why and Saudi Arabia is one of the top-ranking countries in cybersecurity. This is also part of the education of the investors throughout the journey prior to announcing different investments. We don’t want any surprises to happen for them or for the market,” he said.

The Kingdom has already secured nearly $15 billion in tech investments announced at LEAP 2025, with more to come. Robayan hinted at upcoming initiatives to further accelerate the Kingdom’s digital transformation.

 


Saudi Arabia to host historic first Olympic Esports Games in 2027

Saudi Arabia to host historic first Olympic Esports Games in 2027
Updated 11 February 2025
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Saudi Arabia to host historic first Olympic Esports Games in 2027

Saudi Arabia to host historic first Olympic Esports Games in 2027
  • Kingdom aims to become global gaming hub, says Prince Faisal bin Bandar bin Sultan

RIYADH: Saudi Arabia is set to make history by hosting the first-ever Olympic Esports Games in 2027, a landmark achievement in the country’s ambitious quest to become a global leader in gaming and esports.

This announcement, made by the International Olympic Committee, coincided with the ongoing LEAP 2025 Tech Conference in Riyadh.

It follows a 12-year agreement with Saudi Arabia aimed at engaging younger audiences, with a six-member committee tasked with selecting the games to be featured as part of the effort to integrate esports into the Olympic framework.

Prince Faisal bin Bandar bin Sultan, chairman of the Saudi Esports Federation, shared his thoughts during a panel discussion titled “Gaming Beyond Entertainment: Reimagining Society and Shaping the Future of Saudi Arabia.” He stated: “We anticipate hosting multiple editions in the future.”

Driven by the Kingdom’s Vision 2030 initiative, which focuses on economic and technological transformation, gaming and esports have become vital sectors.

Prince Faisal reaffirmed Saudi Arabia’s commitment to becoming a global gaming hub by the end of the decade. “We will become a global hub for gaming and esports by 2030,” he declared.

Highlighting the Kingdom’s increasing influence in the industry, Prince Faisal emphasized Saudi Arabia’s ambition to lead in gaming career opportunities.

“We want Saudi to be a natural part of that conversation. When someone thinks about a career in gaming and esports, we want them to consider Saudi Arabia just as quickly as any other major gaming hub,” he said.

Prince Faisal also emphasized the immersive nature of gaming, noting that it is the only medium where individuals actively engage with content rather than merely consuming it. “Gaming allows people to experience a day in someone else’s life, to walk a mile in their shoes in a way never before possible,” he noted.

Saudi Arabia’s thriving gaming culture reinforces its aspirations. “Our last study, conducted a few years ago, revealed that 67 percent of our population considers themselves gamers,” Prince Faisal shared. He also highlighted the inclusivity of the gaming community, with 48 percent of Saudi gamers being women and 52 percent men.

Encouraging young talent to pursue opportunities in the gaming industry, Prince Faisal stressed the sector’s vast career potential. “Whatever it is that you do, there is a career path for you within this industry, and it’s available now—not just in the future,” he asserted.

The panel discussion also featured insights from industry leaders, including Danny Tang, co-founder and CEO of Hero Esports, who stressed the intrinsic link between gaming and esports. “A well-developed esports ecosystem extends the life cycle of a game, ensuring sustained engagement and innovation,” Tang said.

Khizer Khaderi, founding director of the Stanford Human Perception Lab and faculty member at the Stanford Institute for Human-Centered AI, highlighted gaming’s transformative role in human-technology interaction. 

“Over the last 40 years, we’ve made it easier for humans to connect with technology. Gaming is now the perfect platform for machines to connect back with humans,” he said. Khaderi also emphasized the sector’s vast potential for innovation. “The ability to innovate is here, and it’s happening through gaming.”

Looking ahead, Prince Faisal called on industry professionals and aspiring gamers to seize the moment. 

The tools and opportunities are available now, he said. “You are the most important part of what we do—so just do something.”


Orange Business to offer subscription-based Smart City services in Saudi Arabia

Orange Business to offer subscription-based Smart City services in Saudi Arabia
Updated 11 February 2025
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Orange Business to offer subscription-based Smart City services in Saudi Arabia

Orange Business to offer subscription-based Smart City services in Saudi Arabia

RIYADH: Digital system integrator Orange Business is set to roll out “Smart City-as-a-Service” in Saudi Arabia, aiming to drive significant financial and time savings, a senior company official said.

Speaking to Arab News on the sidelines of LEAP 2025 in Riyadh, Mohammed Al-Jeraisy, managing director for Saudi Arabia and Africa, said the service will develop Smart City applications for cloud deployment, capitalizing on the sector’s rapid growth.

The Saudi Smart Cities market is projected to expand considerably, with revenue expected to hit $560 million by 2025, according to data firm Statista. Globally, the US is forecasted to generate the highest revenue in the segment at $27.06 billion in the same year.

“This is something that is known — it’s a challenge. When you implement a Smart City solution, deployment is costly and time-consuming. These projects typically take years to develop and build. What a Smart City-as-a-Service solution does today is help customers adopt the solution quickly, saving both time and costs,” Al-Jeraisy said.

He added that the new model could cut costs by 40 to 60 percent and reduce adoption time by up to 80 percent.

Al-Jeraisy also highlighted the flexibility of the subscription-based model, which allows customers to choose specific Smart City services as needed.

“When it comes to Smart City services, there are many — plenty of them. You can think of major services like a city’s command and control center, which is essential. You also need solutions for the environment and applications for traffic management. Today, you can start using these services immediately and access them through the platform,” Al-Jeraisy said. 

The model enables customers to opt in and out of services as required. “You can subscribe to the service today, use it for as long as you need, and stop whenever you decide. You can then go for another service. I think that’s one of the key benefits we offer to customers,” he added.

Despite the name, Smart City-as-a-Service is not limited to cities, Al-Jeraisy said. “It can be used for campuses, stadiums, events, and even universities because what truly matters are the applications and use cases we build on the platform,” Al-Jeraisy said, noting that both small and large cities, as well as airports and schools, can benefit from these services.

Saudi Arabia is emerging as a leader in Smart City and AI adoption, he noted, adding that the global adoption rate for Smart City-as-a-Service currently stands at 33 percent and is expected to rise as more customers recognize its benefits.

Orange Business has been involved in large-scale Smart City projects in Saudi Arabia and the Middle East for more than a decade. It is engaged in major regional developments, including projects in Egypt and the Arabian Gulf states, and contributes to the SMART Africa initiative to accelerate sustainable socio-economic development across the continent.

The company signed a deal in September 2023 with the King Abdullah Financial District Development & Management Company to design, build, and operate a Smart City platform integrating existing digital technologies at Saudi Arabia’s prime business district, KAFD. 

The platform leverages AI and data analytics while providing Digital Master Systems Integration services. Orange Business is also orchestrating a partner ecosystem to drive new use cases and seamless integration.


Saudi crowdfunding funding hits $800m a year: top official 

Saudi crowdfunding funding hits $800m a year: top official 
Updated 11 February 2025
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Saudi crowdfunding funding hits $800m a year: top official 

Saudi crowdfunding funding hits $800m a year: top official 

RIYADH: Crowdfunding has emerged as one of the fastest-growing financial channels in Saudi Arabia, with platforms doubling in size annually and surpassing SR3 billion ($800 million) in capital last year, according to a top official. 

During a panel discussion at the Kingdom’s premier tech conference, LEAP 2025, Mohammed El-Kuwaiz, chairman of the Capital Market Authority, stated the financing landscape has also expanded significantly, moving beyond traditional bank loans and initial public offerings. 

“Whether we look at debt crowdfunding or equity crowdfunding, these platforms have actually been doubling in size every year for the past three years,” he said, highlighting their growing role in the country’s evolving financial ecosystem. 

Alongside crowdfunding, Saudi Arabia has introduced a range of new financing options to support businesses at different stages of growth. 

“We used to think of financing as one of two routes, either bank financing or IPOs. Today, that menu includes a plethora of investment and financing options,” El-Kuwaiz said. He highlighted that the country now has eight distinct investment and financing stages, with half of these introduced in recent years. 

The rapid rise of crowdfunding is part of a broader transformation in the Kingdom’s capital markets, which have expanded significantly since the Vision 2030 economic diversification plan was unveiled in 2016.

“The story of capital markets and how they serve entrepreneurs is very much running in parallel with the growth that we’ve been seeing in LEAP. We have moved from being the 25th or 26th largest market in the world to now being one of the top 10 largest markets in the world,” he said. 

The regulatory environment has also evolved to support business formation, with changes to the country’s corporations law allowing for multiple classes of shares and various investor rights. 

“Most startups and most founders require a degree of flexibility that our former corporations’ law did not allow them to serve,” El-Kuwaiz said, citing features such as drag-along and tag-along rights that were previously unavailable. 

Exit strategies for startups have expanded as well, with IPO activity accelerating and mergers and acquisition regulations being streamlined. 

“We moved from doing something like 10 listings a year to, in the last couple of years, doing in excess of 40 IPOs a year, and more than 50 percent of these listings are actually small and medium businesses. Many of them are actually venture-backed,” El-Kuwaiz said. 

However, mergers and acquisitions remain the most common exit strategy, with regulatory updates in 2017 and 2018 fueling a surge in M&A transactions. 

“As a result of that first rewrite, we have actually seen in the last five or six years more M&A activity than since we established the CMA 15 years ago,” he added. 

Saudi Arabia’s capital market transformation has also made it an increasingly attractive destination for international entrepreneurs. 

“We have seen more and more from outside of the region seriously considering relocating to Saudi Arabia because of the market, because of these regulatory developments, and this potential to exit,” the CMA said.

Debt markets have also played a crucial role in financing businesses, surpassing equity markets in capital raised since 2021. 

El-Kuwaiz added that since then, “our debt capital market has been raising more capital for businesses and governments than the equity capital market, both in primary and secondary.” 

He also underlined that Saudi Arabia is developing its private credit sector alongside its debt market, with expectations that the latter will grow faster in the near term due to its liquidity and traceability advantages. 

El-Kuwaiz emphasized that the Kingdom’s efforts to enhance business formation, financing, and exit opportunities are creating a model that extends beyond national borders. 

“When we first started, we thought that solving the entrepreneurial problem was a Saudi-specific problem,” he said, adding: “But as we have evolved, we recognize that if we solve this problem, we can actually solve this problem for all entrepreneurs — whether in Saudi, the Gulf region, or the broader Middle East.”


Pakistan says IMF ‘on board’ over $7 billion bailout targets

Pakistan says IMF ‘on board’ over $7 billion bailout targets
Updated 11 February 2025
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Pakistan says IMF ‘on board’ over $7 billion bailout targets

Pakistan says IMF ‘on board’ over $7 billion bailout targets
  • The statement comes days before the arrival of an IMF team for the first review of the facility
  • IMF bailouts are critical for Pakistan which narrowly avoided a sovereign default in June 2023

KARACHI: Pakistan has taken the International Monetary Fund (IMF) on board over its targets under a $7 billion loan program it secured in September, a finance ministry official said on Tuesday, days before the arrival of an IMF mission in the South Asian nation for the program’s first review.
A successful review, expected later this month or in early March, would see the Washington-based lender release around $1 billion tranche to cash-strapped Pakistan, which seeks to boost its foreign exchange reserves to achieve the IMF’s threshold of three months import cover.
IMF bailouts are critical for Pakistan which narrowly avoided a sovereign default in June 2023 by clinching a last-gasp, $3 billion IMF loan and is currently navigating a tricky path to economic recovery.
“We are on track,” Khurram Schehzad, an adviser at the Pakistani finance ministry, told Arab News. “The IMF is on board on the targets and benchmarks that we have achieved as well as only a few we are chasing. We are fully prepared to go into the review process.”
The statement is expected to allay investor concerns about Pakistan meeting the IMF’s conditions to reform its economy by cutting on energy subsidies, broadening the tax net to agriculture, real estate and retail sectors, and privatizing loss-making, state-owned enterprises like the Pakistan International Airlines (PIA).
“We are working on the taxation side by bringing in the under-taxed and non-taxed sectors into the net by broadening, deepening and widening it,” Schehzad said.
Provincial governments in Pakistan’s Sindh, Punjab, Khyber Pakhtunkhwa and Balochistan provinces have recently enacted laws to impose taxes on farm incomes, fulfilling one of the IMF’s requirements.
Since averting an imminent default on its external debt in 2023, Pakistan is now keeping its current account in check primarily through containing imports. The country’s exports rose 10% to $19.6 billion in the last seven months till January, while it is keeping tabs on imports that increased by 7% to $33 billion, according to Pakistan Bureau of Statistics.
“Our balance of payment position is going to be manageable this year,” said Schehzad, who believes population growth and climate change are the two biggest challenges facing Pakistan’s economy.
The country achieved a current account surplus of $1.2 billion from July 2024 till December 2024 and is expecting to receive a record $35 billion worker remittances by June 2025. It expects IT exports to increase to $4 billion this year.
As jailed former prime minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) party carries out countrywide protests to demand the return of its “stolen” mandate in the last general election, PM Shehbaz Sharif’s government is trying to shore up the fragile economy, which Schehzad said is expected to expand in the range of 3% to 3.5% this financial year ending in June.
Pakistan’s central bank has slashed the interest rate by a cumulative 1,000 basis points to 12% since June to spur economic growth, thanks to the easing inflation that rose 2.41% last month, the lowest in more than nine years.
“We are keeping an eye on the prices of all essential items that should be reflective of the prevailing inflation numbers, so to close the gap between numbers and on-ground prices,” the finance adviser said.
The pace of price hike is expected to ease further in the months ahead, which will create more room for the central bank to decrease the rate of bank borrowing.
“We are giving priority to long-term sustainability of the economy over short term reliefs,” Schehzad said.
The Pakistani government is striving to turn the hard-earned economic stability with fiscal and external consolidation into a growth that is export-led and driven by productive and efficient investments primarily by the private sector, according to the finance adviser.
The government is working to break the so-called boom-and-bust cycle Pakistan’s economy has been “suffering from in the past many years now” and targets 6% growth and beyond by 2029, he added.