黑料社区

Vision 2030 can inspire global solutions to land degradation, energy crisis

Special  Ibrahim Thiaw, executive secretary of the UN Convention to Combat Desertification, emphasized that the Kingdom鈥檚 transformative national strategy should be a global model. AN photo
Ibrahim Thiaw, executive secretary of the UN Convention to Combat Desertification, emphasized that the Kingdom鈥檚 transformative national strategy should be a global model. AN photo
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Updated 12 December 2024

Vision 2030 can inspire global solutions to land degradation, energy crisis

Vision 2030 can inspire global solutions to land degradation, energy crisis
  • UNCCD executive secretary discusses how 黑料社区鈥檚 strategy can lead global environmental change

RIYADH: Achieving 黑料社区鈥檚 Vision 2030 will require significant investment in land restoration and renewable energy, as the nation鈥檚 ambitious strategy extends beyond national goals, according to a senior executive.

In an interview with Arab News on the sidelines of COP16 in Riyadh, Ibrahim Thiaw, executive secretary of the UN Convention to Combat Desertification, emphasized that the Kingdom鈥檚 transformative national strategy should be a global model.

鈥淰ision 2030 is a national vision from 黑料社区. But it can only be achieved if we invest more in land restoration. It can only be achieved if we invest more in empowering communities to manage their resources,鈥 Thiaw said.

He further added: 鈥淚t is certainly an excellent vision proposed by the Kingdom of 黑料社区. But it goes beyond in terms of vision, in terms of ambition. It has to be implemented in many other parts of the world.鈥

Thiaw highlighted the need for innovative solutions to address global food production challenges. For example, he pointed out the importance of doubling food production by 2050 without exhausting limited resources, calling for the adoption of technologies like artificial intelligence, precision agriculture, and water-efficient systems.

He also noted that Vision 2030 stresses the importance of balancing traditional farming techniques with modern technologies to enhance soil productivity, reduce pollution, and avoid the expansion of agricultural land.

鈥満诹仙缜 is already doing quite a bit in land restoration,鈥 Thiaw said, referencing efforts through institutions like the Saudi Fund for Development, which has active portfolios across Africa, Asia, and Latin America.

鈥淏ut we all need to do more,鈥 Thiaw added. 鈥淭hat will probably require that the Saudi Fund for Development, as well as other institutions where 黑料社区 is the main shareholder, like the Islamic Development Bank, the OPEC Fund, and many other institutions, realign their portfolios to match the ambitions of COP16.鈥

As a G20 member, Thiaw urged the Kingdom to help rally other nations to meet the G20 goal of restoring 50 percent of degraded land by 2040. The focus, he stressed, must not only be on making commitments but also on ensuring their effective implementation.

鈥満诹仙缜 will be appreciated if it works with its peers from other countries, with South Africa, which is now the current presidency of G20, and then the future presidencies, as well as all members of the G20,鈥 Thiaw said.

Thiaw also emphasized the critical importance of integrating traditional methods, like underground irrigation, with modern technologies such as desalination and renewable energy to support sustainable development, especially in arid regions. These combined solutions can address challenges like water scarcity and energy demands while promoting economic growth.

鈥淭his is where you need new technologies and combine them with the traditional technologies, including the underground irrigation that has been known here for millennia, and so we can use new technologies to make additional water available,鈥 Thiaw said.

He added: 鈥淚 visited the Saudi pavilion here. I just could not believe what I saw, and from 300 megawatts just a few years back, there are now 44 gigawatts moving to 80 GW. I was stunned!鈥

Thiaw explained that 黑料社区鈥檚 progress demonstrates how integrating traditional and new technologies can lead the way in energy transitions, land management, and water accessibility, creating a better future for all.

Key outcomes

Thiaw outlined some of the key outcomes expected from COP16, including decisions on proactive drought resilience strategies to prepare communities, businesses, and governments for future droughts rather than simply reacting to crises.

An additional focus is scaling up commitments to restore degraded land, with a global reserve of 1.5 billion hectares of damaged land, and reversing the trend of losing fertile soil annually 鈥 an area the size of Egypt.

He stressed that financing is central to these efforts: 鈥淲e have indicated in our reports that the world needs to invest $1 billion per day. $1 billion per day needs to be invested in land restoration worldwide. Now that is a huge figure. It鈥檚 not small. This is not necessarily only public funds, but also private funds.鈥

Thiaw added: 鈥淣ot only public funds, but also private funds. The private sector must invest to sustain productivity, while harmful taxpayer-funded subsidies should be redirected toward environmentally friendly and land-friendly activities.鈥

Collaboration with 黑料社区

To address these pressing challenges, Thiaw expressed the UNCCD鈥檚 eagerness to collaborate with 黑料社区 in integrating advanced technologies with traditional practices.

鈥淥ur ambition is to help countries transition effectively, and 黑料社区 is uniquely positioned to lead this effort,鈥 Thiaw said, highlighting the Kingdom鈥檚 capacity, energy, and financial resources.

He added: 鈥淣ow, there is a lot of discussion at the moment under the climate negotiations to see whether we can have net zero in terms of emissions. But if you are to achieve net zero in terms of emissions, it is not only emissions coming from industry, but emissions coming from land use, because land use is the second-largest emitter.鈥

Thiaw emphasized that degrading land increases carbon emissions, whereas restoring land acts as a natural solution by capturing carbon and returning it to the soil, thus helping to mitigate climate change.

The progress showcased at the Saudi pavilion highlights how merging traditional practices with advanced technologies can pave the way for sustainable energy transitions, better land and water management, and long-term environmental and economic stability. This model serves as a benchmark for addressing resource challenges in arid regions and other vulnerable areas globally.


Closing Bell: Saudi main index closes in green at 11,426聽

Closing Bell: Saudi main index closes in green at 11,426聽
Updated 24 September 2025

Closing Bell: Saudi main index closes in green at 11,426聽

Closing Bell: Saudi main index closes in green at 11,426聽

RIYADH: 黑料社区鈥檚 Tadawul All-Share Index rose on Wednesday, gaining 550.03 points, or 5.06 percent, to close at 11,426.45. 

The total trading turnover of the benchmark index was SR14.46 billion ($3.86 billion), as 247 of the listed stocks advanced, while only 11 retreated.   

The MSCI Tadawul Index also increased, up by 80.07 points, or 5.66 percent, to close at 1,494.88. 

The Kingdom鈥檚 parallel market Nomu gained 308.68 points, or 1.22 percent, to close at 25,608.10. This comes as 65 of the listed stocks advanced, while 39 retreated. 

The session saw an early surge, with Tadawul climbing 4.48 percent within the first hour of trading.

Alinma Bank led the gains, rising 9.99 percent to SR27.96, followed by Dar Alarkan Real Estate Development Co., also up 9.99 percent to reach SR17.73, and Bank Albilad, which rose 9.96 percent to SR29.82. 

On the downside, MBC Group Co. fell 2.20 percent to SR34.62, Malath Cooperative Insurance Co. dropped 1.35 percent to SR13.13, and Amlak International Finance Co. declined 1.20 percent to SR13.16.    

On the announcements front, International Human Resources Co. secured a renewed and amended one-year Shariah-compliant credit facility worth SR30 million from Al-Rajhi Bank, received on Aug. 19 following the final agreement on Sept. 22. 

The financing will be primarily allocated for working capital and partially for issuing letters of guarantee for contracts and projects. 

Shares of International Human Resources Co. traded 0.18 percent higher on the parallel market, closing at SR5.61. 


Saudi鈥揝panish JV to build green hydrogen electrode plant at SPARK聽

Saudi鈥揝panish JV to build green hydrogen electrode plant at SPARK聽
Updated 24 September 2025

Saudi鈥揝panish JV to build green hydrogen electrode plant at SPARK聽

Saudi鈥揝panish JV to build green hydrogen electrode plant at SPARK聽

JEDDAH: 黑料社区鈥檚 green hydrogen sector is set to receive a boost with the development of an advanced electrode manufacturing facility at King Salman Energy Park, underscoring the Kingdom鈥檚 drive for sustainable industrial transformation. 

Jolt Green Chemical Industries, a Saudi鈥揝panish joint venture between the Green Electrodes Consortium for Industry and Spain鈥檚 Jolt Solutions, has signed an agreement with Dyar Al-Safwah Engineering Consultancy to engineer and oversee construction of the plant in the Eastern Province, according to a press release. 

The initiative aligns with 黑料社区鈥檚 Vision 2030, which prioritizes green hydrogen, local content development, and technology transfer as key pillars of sustainable economic transformation. By advancing these goals, the Kingdom is strengthening its position as a regional hub for clean energy technologies. 

It also supports the Kingdom鈥檚 strategic goal of achieving 75 percent localization in the energy sector by 2030. 

The signing ceremony was attended by Arturo Vilavella, chief operating officer of Jolt Green Hydrogen Solutions; Khodran Al-Zahrani, CEO of Dyar Al-Safwah; Abdulrahman Al-Qahtani, CEO of the joint venture; and Said Jubran Al-Qahtani, chairman of the Green Electrodes Consortium. 

Al-Qahtani affirmed that 鈥渢he plant will serve as a platform for technology localization and the empowerment of national talent, thereby strengthening the Kingdom鈥檚 position as a regional hub for green technologies.鈥 

He also expressed his gratitude and appreciation to the Ministry of Energy, noting that its support and encouragement during previous visits played a pivotal role in motivating the company to bring this technology to the Kingdom and localize it, the release added. 

Scheduled to begin operations in the second quarter of 2027, the facility will feature advanced automated production lines, dedicated research and development laboratories, and sustainable practices such as wastewater reuse and solar integration.  

At full capacity, the plant will supply over 750,000 sq. meters of electrodes annually. 

The plant will focus on producing and refurbishing high-performance catalyst-coated electrodes. It will also support the Kingdom鈥檚 initiatives in green hydrogen, petrochemicals, and refining. Additional areas include water treatment, eFuel, and batteries, as well as desalination, disinfection, chlor-alkali, and pipeline protection. 


PIF, Aramco, BlackRock heads unveiled in FII9聽speaker lineup

PIF, Aramco, BlackRock heads unveiled in FII9聽speaker lineup
Updated 24 September 2025

PIF, Aramco, BlackRock heads unveiled in FII9聽speaker lineup

PIF, Aramco, BlackRock heads unveiled in FII9聽speaker lineup

RIYADH: BlackRock CEO Laurence Fink, Aramco President Amin Nasser, and Public Investment Fund Governor Yasir Al-Rumayyan are among the global leaders set to converge in Riyadh next month for the ninth Future Investment Initiative, or FII9.

Scheduled for Oct. 27-30 at the King Abdulaziz International Conference Center, the Kingdom鈥檚 flagship investment summit will bring together more than 600 speakers across 230 sessions, including heads of state, investors, and industry executives, under the theme 鈥淭he Key to Prosperity: Unlocking New Frontiers of Growth.鈥 

According to the Saudi Press Agency, the conference will host more than 15 heads of state, alongside prominent executives, investors, and policymakers at the King Abdulaziz International Conference Center. 

FII9 seeks to build upon the momentum generated by previous editions, which have established the summit as a key platform for signing landmark agreements. Highlights from FII8 included the launch of a SR1 billion ($267 million) startup fund, Beta Lab, designed to support emerging companies across the Middle East, North Africa, and Asia. 

鈥淔II9 is where global leaders align capital with purpose. The Priority Compass ensures our discussions are not abstract, but rooted in the real concerns of people across the world,鈥 said Richard Attias, chairman of the executive committee and acting CEO of FII Institute, as reported by SPA. 

The proceedings will open with a keynote by PIF鈥檚 Al-Rumayyan, who will present the 4th annual Priority Compass, a global survey gathering insights from tens of thousands of citizens across 32 countries, representing 66 percent of the world鈥檚 population. The survey is designed to guide discussions on investment priorities and emerging economic trends. 

The agenda is structured around confronting complex global paradoxes, including balancing technological progress with its societal consequences, fostering innovation while managing risk, and navigating economic fragmentation in an interconnected world. 

Key topics will include the future of global trade, the energy trilemma, and the governance of artificial intelligence. 

The speaker roster includes some of the most influential figures in finance and industry, such as Saudi Minister of Investment Khalid Al-Falih; Bill Ackman, founder and CEO of Pershing Square Capital Management; and Bruce Flatt, CEO of Brookfield.

Other confirmed participants include Jamie Dimon, chairman and CEO of JPMorgan Chase; Jane Fraser, CEO of Citi; Patrick Pouyanne, chairman and CEO of TotalEnergies; and Ruth Porat, president and CIO of Alphabet and Google.

The 2024 edition saw significant international partnerships forged, including a collaboration between 黑料社区鈥檚 Hassana Investment Co. and the State Oil Fund of Azerbaijan to explore infrastructure and real estate opportunities. 

Additionally, Japan鈥檚 SBI Holdings partnered with BIM Ventures to establish BIM Capital, a firm aimed at channeling over SR750 million in foreign direct investment into the region. 

Further agreements, such as a memorandum of understanding between the Ministry of Investment and the World Bank鈥檚 International Finance Corp., and a partnership between stc Group and the Saudi Sports for All Federation, underscored the event鈥檚 focus on driving tangible economic development and social impact. 


Saudi e-commerce via mada cards surges 79% to $8bn

Saudi e-commerce via mada cards surges 79% to $8bn
Updated 24 September 2025

Saudi e-commerce via mada cards surges 79% to $8bn

Saudi e-commerce via mada cards surges 79% to $8bn

RIYADH: 黑料社区鈥檚 e-commerce spending via mada cards surged to SR29.86 billion ($7.96 billion) in July, up 79.45 percent from a year earlier.

According to recent data from the Saudi Central Bank, also known as SAMA, the number of online transactions also climbed 65.64 percent to 149.74 million. The July tally is among the highest on record and underscores the Kingdom鈥檚 rapid pivot to digital commerce.

The series tracks e-commerce purchases made with mada cards across websites, in-app checkouts and e-wallets, but does not include transactions on international credit card schemes.

The momentum rests on two reinforcing dynamics: a young, always-online consumer base and a policy push to normalize cashless payments at scale. About 70 percent of Saudi citizens are under 35 years old, per the General Authority for Statistics as of August, an age profile that leans toward early adoption of mobile shopping and app-based payments.

At the same time, connectivity is near-universal: 黑料社区 counted roughly 33.9 million Internet users in January, according to Data Reportal, implying around 99 percent penetration, with mobile the dominant access channel.

Together, demographics and digital reach have created a large addressable base for e-retailers and payment providers, amplifying every improvement in checkout speed, choice, and security.

Behind the brand at the center of these flows, mada is the national payment scheme operated by Saudi Payments under SAMA鈥檚 oversight. Introduced as the modern identity of the Saudi Payments Network, mada links all local banks and connects ATMs and point-of-sale terminals nationwide to a central switch, enabling real-time card payments in stores and online.

Policy has been a powerful accelerant. The central bank reported that electronic payments accounted for 79 percent of all retail transactions in 2024, up from 70 percent in 2023, well ahead of the Vision 2030 objective to make non-cash payments the norm.

Building on that foundation, SAMA launched in July a new e-commerce payments interface that lets service providers integrate more easily with the national mada network and global schemes, introduces tokenization, and simplifies onboarding, measures explicitly intended to keep pace with online-sales growth.

Two months later, Google announced the official launch of its Pay and Wallet offerings in the Kingdom, enabled by mada, widening everyday wallet choices in stores, apps, and on the web.

Recent research also points to structural shifts in how Saudis shop and pay. Kearney consultancy in a September research paper argued that the Kingdom is entering a value-driven 鈥渄iscounters鈥 era, with price-sensitive consumers gravitating to promo-led, mobile-first journeys where a fast, low-friction pay experience is decisive for conversion.

That dovetails with a regional trend identified by the World Economic Forum in August: communications-led digital ecosystems, super-apps and platforms that bundle messaging, services and embedded finance, are accelerating financial inclusion and normalizing cashless, app-based purchasing across the Middle East and North Africa.

Both dynamics favor seamless card-and-wallet checkouts and help explain the persistent outperformance of e-commerce volumes through 2025.

Macro conditions remain supportive. In its August press release concluding the Article IV consultation, the IMF said non-oil activity, including retail, continues to expand, underpinned by domestic demand and ongoing Vision 2030 projects.

The fund also noted that authorities are looking to capture unregistered e-commerce in the value added tax base, a signal of both the sector鈥檚 scale and policymakers鈥 intent to anchor it within the formal tax net as it matures.

Put together, these factors help explain why recent e-commerce figures are not a one-off. The consumer side is large, youthful, and digitally engaged; the rails are expanding with tokenized wallets and unified interfaces; and the retail offer keeps moving online, where speed of checkout and breadth of payment options lift conversion.

The culture around payments in 黑料社区 has tipped: card-and-wallet is now the default in daily life, from grocery deliveries and fashion to travel, electronics and recurring services. With Google Pay joining Apple Pay, mada Pay and bank wallets 鈥 and integration paths to global networks simplified 鈥 both incumbents and new entrants can reach shoppers with fewer technical hurdles and more consistent user experiences.

The upshot for merchants is a steadily improving economics of selling online in the Kingdom. Tokenization increases approval rates and reduces fraud; interoperable rails broaden acceptance; and wallet proliferation compresses the gap between discovery and purchase on mobile.

As Kearney noted, in an environment where value-seeking is pronounced, frictionless payments are a competitive lever, not just a back-office utility. 

Meanwhile, the WEF鈥檚 depiction of MENA鈥檚 platformization implies more commerce will migrate inside communications environments like chat, short video, and community apps, where embedded payments are native and card credentials are already vaulted.

Looking ahead, sustaining double-digit growth will hinge on continued execution: rolling out the new e-commerce interface across gateways and banks; ensuring robust consumer protection and data security; and keeping checkout experiences light and universal across devices.


黑料社区 inks deals with Chinese entities to strengthen industrial cooperation聽

黑料社区 inks deals with Chinese entities to strengthen industrial cooperation聽
Updated 24 September 2025

黑料社区 inks deals with Chinese entities to strengthen industrial cooperation聽

黑料社区 inks deals with Chinese entities to strengthen industrial cooperation聽

RIYADH: 黑料社区 has signed multiple memorandums of understanding with Chinese business leaders to enhance industrial cooperation and promote the localization of advanced manufacturing technologies in the Kingdom. 

These agreements were signed on the sidelines of 黑料社区鈥檚 Minister of Industry and Mineral Resources Bandar Alkhorayef鈥檚 visit to Beijing, the Saudi Press Agency reported.  

The first MoU was signed with BOE Technology Group in the field of display screen technologies, while the second agreement with Kyland Technology focuses on intelligent industrial control technologies.  

The third deal was signed with Tsinghua Unigroup in the semiconductor industry, with the aim of localizing these advanced industrial technologies in the Kingdom.  

These initiatives build on the deepening economic and trade relationship between 黑料社区 and China. The Asian giant is the Kingdom鈥檚 largest trading partner, accounting for 14 percent of the Kingdom鈥檚 exports and 28.9 percent of its imports in May, according to official statistics. 

SPA reported that during his meeting with Chinese business leaders, Alkhorayef 鈥渄iscussed opportunities in developing the industrial digital infrastructure, intelligent industrial control technologies, and the semiconductor industry, in addition to highlighting the Kingdom鈥檚 enablers that attract quality industrial investments and facilitate the investor journey.鈥  

The meetings also reviewed the Kingdom鈥檚 strategic advantages, including its geographic position that connects three continents, abundant natural resources, competitive energy pricing, advanced infrastructure, and industrial cities, as well as streamlined government procedures. 

These meetings were attended by Saleh Al-Solami, CEO of 黑料社区鈥檚 National Industrial Development Center and leaders from the industry ecosystem in the Kingdom and China. 

During the visit, Alkhorayef met with leaders of ZGC Group, a government-backed innovation platform, to explore collaborations including advanced manufacturing, renewable energy, smart mobility, and aerospace technologies. 

These discussions included plans for ZGC to establish operations in Riyadh in partnership with the National Industrial Development and Logistics Program. 

In a separate press statement, 黑料社区鈥檚 Ministry of Industry and Mineral Resources said that the minister鈥檚 visit to China 鈥渁ims to broaden economic partnerships between the two countries, attract high-quality investments, and transfer the latest technologies in the industrial and mining sectors.鈥