黑料社区

Partnership with 黑料社区 will address global critical mineral challenges, says UK minister聽

Special Partnership with 黑料社区 will address global critical mineral challenges, says UK minister聽
UK Minister for Industry Sarah Jones spoke to Arab News. AN
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Updated 15 January 2025

Partnership with 黑料社区 will address global critical mineral challenges, says UK minister聽

Partnership with 黑料社区 will address global critical mineral challenges, says UK minister聽

RIYADH:聽黑料社区 and the UK are deepening mining ties as the British government seeks to secure critical minerals for industries such as artificial intelligence and emerging technologies.聽

On Jan. 14, the two nations signed an agreement to collaborate on mineral resource development, emphasizing sustainable practices, technology transfer, and economic growth.聽

In an interview with Arab News on the sidelines of the ongoing Future Minerals Forum, the UK Minister for Industry, Sarah Jones, highlighted the growing collaboration between the two Kingdoms.聽

She emphasized the importance of partnerships in the critical minerals sector, which are vital for advancements in AI, green energy transitions, and emerging technologies.聽

鈥淭he quantity of critical minerals we鈥檙e going to need in the future is significantly bigger than we have today, and I think 黑料社区 has taken quite a leadership role with the Future Minerals Forum, convening so many countries to come together and talk about this,鈥 Jones said.聽

The minister outlined the challenges and opportunities as both countries work to address the surging global demand for essential minerals. She expressed confidence in the potential of the UK-Saudi partnership to tackle these challenges effectively.聽

The UK鈥檚 expertise in mining finance, as well as it聽universities 鈥 renowned for research and technical knowledge 鈥 position it as a valuable partner for 黑料社区 in mining and exploration.

Jones emphasized that Britain鈥檚 focus on mining finance, combined with its global academic reputation, strengthens the collaboration.聽

鈥淲e wanted to have a relationship where we work together on some of these challenges, and I think this is the start of what will be a strengthening relationship going forward,鈥 she said.聽

The minister expressed excitement about future collaborations, including sustainable mining practices, innovative financing structures, and technological advancements to meet the growing demand for critical minerals.聽

The UK government, under Prime Minister Keir Starmer, is taking a proactive approach to shaping its industrial future, especially in sectors integral to the global green transition and technological progress.聽

鈥淲e鈥檙e looking at things slightly differently,鈥 said Jones. 鈥淲e鈥檙e trying to be more proactive in devising what are the industries of the future that we need in the UK. Where do we get our supply chains from? How do we make sure we鈥檙e secure?鈥澛

As part of its new industrial strategy, Britain is prioritizing critical minerals, recognizing their essential role in advanced manufacturing, green energy, and AI.聽

Jones highlighted the government鈥檚 determination to position the UK as a key player in the global minerals market and equip domestic industries for future demands.聽

鈥淲e鈥檙e setting the directions of all of our companies and our businesses know the sectors that we want to grow and the direction that we want to go in,鈥 she said.聽

To support this strategy, the British government has established funding mechanisms like the National Wealth Fund and UK Export Finance to mitigate risks associated with critical minerals mining, technology development, and sustainable practices.聽

In addition to the UK-Saudi partnership, Jones discussed opportunities for joint investment in mining projects in third countries.聽

She proposed collaboration on initiatives in Africa, where both nations have significant interests and could combine resources to meet growing mineral demands.聽

鈥淐an the UK and 黑料社区 have a project in an African country? We have several kinds of ideas, thoughts that we could do together,鈥 she said.聽

Jones also highlighted the rising interest in mining within the UK, citing developments such as lithium and tin mining in Cornwall, which could support both the UK鈥檚 industrial needs and the global green transition.聽

The conversation touched on the ethical and environmental challenges associated with mining. Jones acknowledged the industry鈥檚 troubled history, including issues of worker mistreatment, environmental damage, and resource mismanagement.聽

As demand for minerals grows, she stressed the need for mining practices to evolve, becoming more sustainable and equitable.聽

鈥淗istorically, mining has been difficult in terms of the way that countries and people have been treated,鈥 Jones said. 鈥淲e鈥檝e got to make sure where mining is sustainable and helping the countries that are supporting those mines, we have to make sure we鈥檙e creating wealth there and these things are hard, and that鈥檚 why countries need to work together.鈥澛

She concluded by emphasizing the importance of global cooperation in addressing critical mineral challenges.聽

鈥淚 think we can talk to each other between 黑料社区 and ourselves about how some of these funding mechanisms work, how we support each other鈥檚 companies, and how we develop and help other countries to, to develop what they need as well. But it鈥檚 a huge challenge and that鈥檚 why we鈥檙e here,鈥 Jones said.


New Saudi 鈥榓rt ecosystem鈥 thanks to CMA-regulated fund, Audi Capital MENA CEO explains

New Saudi 鈥榓rt ecosystem鈥 thanks to CMA-regulated fund, Audi Capital MENA CEO explains
Updated 15 sec ago

New Saudi 鈥榓rt ecosystem鈥 thanks to CMA-regulated fund, Audi Capital MENA CEO explains

New Saudi 鈥榓rt ecosystem鈥 thanks to CMA-regulated fund, Audi Capital MENA CEO explains

RIYADH: 黑料社区鈥檚 cultural economy will see fresh momentum with the launch of the Audi Capital MENA Art Fund, a first-of-its-kind investment vehicle regulated by the Capital Market Authority. 

The new initiative was unveiled on stage at the inaugural Cultural Investment Conference in Riyadh, a two-day gathering designed to position culture as a central driver of the Kingdom鈥檚 Vision 2030 diversification agenda.

The fund is targeted exclusively at institutional and qualified clients and will focus on building value in the Kingdom鈥檚 art ecosystem through acquisitions, education, and events.

Speaking to Arab News, Daniel Asmar, CEO of Audi Capital and former MENA head of Sotheby鈥檚, said: 鈥淚t will be a fund that will invest in modern and contemporary artists from 黑料社区 and the MENA region mainly, however, it will have an allocation to global artists as well.

He added: 鈥淭his will be the first regulated fund in the region, and we鈥檙e very proud to say that it will be regulated in 黑料社区 and established in 黑料社区.鈥

Asmar explained that its mission is to bridge 鈥渢he gap between the finance world and the art world and the cultural world,鈥 bringing capital into artworks in 黑料社区, and the Middle East.

He added that it will drive cultural and economic growth.

The governance structure, Asmar noted, is a key differentiator. 鈥淲e鈥檙e going to have a board of directors, and we are going to have an advisory and acquisition committee, who are all expert leaders,鈥 he said, adding: 鈥淲e鈥檙e very proud of the service providers that we have selected.鈥

In addition, the fund will commit to quarterly events for artists, collectors and investors, designed to encourage dialogue about collecting and educate participants about the market. 

鈥淲e鈥檙e building an art ecosystem around that,鈥 he said.

The launch was closely aligned with the conference鈥檚 message that culture is a strategic economic lever.


Minister of Economy and Planning participates in the Cultural Investment Conference 2025

Minister of Economy and Planning participates in the Cultural Investment Conference 2025
Updated 46 min 50 sec ago

Minister of Economy and Planning participates in the Cultural Investment Conference 2025

Minister of Economy and Planning participates in the Cultural Investment Conference 2025

RIYADH: Minister of Economy and Planning Faisal Alibrahim on Monday participated in the Cultural Investment Conference 2025.

During a panel session titled 鈥淔rom Policy to Prosperity 鈥 Culture as a Strategic Investment,鈥 the minister described the multifaceted role culture plays in the economy.

Commenting on the role of culture, Alibrahim said 鈥淭his is serious business, this is serious investment, and this is serious job creation.鈥

He added: 鈥淐ulture is about three things. Our objective under Vision 2030 is to accelerate diversifying the economy. Culture played a significant role in driving the first wave of growth in new sectors 鈥 tourism, culture, entertainment, and sports.鈥 

Culture鈥檚 second role is in economic participation, Alibrahim said, with new sectors creating jobs and inspiring entrepreneurs.

鈥淭his is very important for the economy 鈥 it signals a healthy economy. It鈥檚 not just about people entering jobs, it鈥檚 about what they鈥檙e learning in these areas. Culture is at the heart of creative sectors.鈥

Alibrahim said the third role of culture is as a connector, with the Kingdom鈥檚 cultural ecosystem actively showcasing 黑料社区 to global audiences through diverse cultural initiatives.

These efforts not only link international talent communities to the Kingdom but also serve as gateways for investors to discover and engage with the Kingdom鈥檚 growing opportunities.

The minister concluded by saying culture is 鈥減aving the way for future growth and multipliers of growth鈥 with every investment in creative sectors having a multiplier effect on the economy.

He added that 鈥渢he Ministry of Culture and its ecosystem are actively training around 5,000 people in addition to sponsoring students in the thousands to get many degrees in these sectors since the start of Saudi Vision 2030.鈥


聽Zakat Authority and Culture Ministry sign cooperation agreement聽

聽Zakat Authority and Culture Ministry sign cooperation agreement聽
Updated 29 September 2025

聽Zakat Authority and Culture Ministry sign cooperation agreement聽

聽Zakat Authority and Culture Ministry sign cooperation agreement聽

RIYADH: 黑料社区鈥檚 Zakat, Tax and Customs Authority and the Ministry of Culture signed a cooperation agreement to enhance the organization, support, and sustainability of the Kingdom鈥檚 cultural sector. 

The agreement was signed by ZATCA Governor Suhail Abanmi and Deputy Minister of Culture Hamed Fayez during the Cultural Investment Forum 2025, held at the King Fahad Cultural Center.

Organized by the Ministry of Culture, the event will see the participation of more than 1,500 attendees and over 150 speakers of its two days.

Since the launch of Vision 2030, the cultural sector鈥檚 contribution to GDP has reached 1.6 percent, with the number of workers increasing to 234,000 and financial support approaching $2 billion in 2024. Infrastructure investment in the sector has surpassed SR81 billion. 

This first-of-its-kind forum in 黑料社区 aims to position the Kingdom as a leading global destination for cultural investment. 

The event also promotes culture as an attractive investment opportunity by presenting new funding models, forming strategic partnerships, and highlighting the role of cultural capital in driving inclusive and sustainable growth. 


Jeddah set for $1bn Trump Plaza, Saudi developer Dar Global reveals

Jeddah set for $1bn Trump Plaza, Saudi developer Dar Global reveals
Updated 29 September 2025

Jeddah set for $1bn Trump Plaza, Saudi developer Dar Global reveals

Jeddah set for $1bn Trump Plaza, Saudi developer Dar Global reveals

JEDDAH: Saudi developer Dar Global plans a $1 billion Trump Plaza Jeddah in its second collaboration with the Trump Organization, aiming to transform the city鈥檚 skyline with a mixed-use project. 

The development follows the launch of Trump Tower Jeddah in December and will feature premium residences, serviced apartments, Grade-A office space, and exclusive townhouses. 

Jeddah, a key commercial and cultural hub, is attracting strong interest from international developers in high-end residential, hospitality, and mixed-use projects. The development comes amid rapid growth in 黑料社区鈥檚 luxury real estate sector, driven by Vision 2030鈥檚 goals to diversify the economy and transform urban living.  

By 2024, the Kingdom had invested SR4.9 trillion ($1.3 trillion) in infrastructure, expanding residential, commercial, and hospitality capacities, with plans for over a million new residential units and seven million sq. meters of retail and office space. 

Ziad El Chaar, CEO of Dar Global, said: 鈥淭rump Plaza Jeddah is a pioneering concept in 黑料社区 and one of the most ambitious developments Dar Global has undertaken to date.鈥  

He added: 鈥淏y combining residential, serviced, and office components with a Central Park-inspired landscape, we are delivering a unique lifestyle destination that reflects both Manhattan鈥檚 vibrancy and Jeddah鈥檚 strategic role as a cultural and commercial hub.鈥 

Strategically located along King Abdulaziz Road in the heart of Jeddah, the project will transform the city鈥檚 skyline with a mixed-use community, according to a press release. 

鈥淲e are honored to expand our footprint in 黑料社区 with the Trump Plaza Jeddah. This project embodies our vision of excellence by blending world-class hospitality, modern living, and dynamic business environments,鈥 said Eric Trump, executive vice president of the Trump Organization. 

The development also comes as Trump Tower Jeddah 鈥 a 47-floor luxury development along the Red Sea coast 鈥 entered its pre-construction phase, as confirmed in May by Eric Trump, son of US President Donald Trump. 

The tower represents one of 黑料社区鈥檚 most high-profile real estate ventures, highlighting the scale of the Dar Global鈥揟rump Organization partnership. 

Listed on the London Stock Exchange, Dar Global was founded as the international arm of Dar Al Arkan Real Estate Development, a leading Saudi real estate developer. 


Saudi box office growth 鈥榚xtraordinary,鈥 could mirror England, Sony executive says

Saudi box office growth 鈥榚xtraordinary,鈥 could mirror England, Sony executive says
Updated 29 September 2025

Saudi box office growth 鈥榚xtraordinary,鈥 could mirror England, Sony executive says

Saudi box office growth 鈥榚xtraordinary,鈥 could mirror England, Sony executive says

JEDDAH: 黑料社区鈥檚 cinema box office is already comparable in size to England鈥檚 with the right marketing, said Tony Vinciquerra, chairman of Sony Pictures Entertainment.

Speaking during a panel at the Cultural Investment Conference in Riyadh, Vinciquerra praised the Kingdom鈥檚 rapid progress in building a cinema market from scratch in just a few years. He described the growth as 鈥渃razy鈥 and unprecedented in speed compared with other global markets. 

The Saudi Film Commission reported that 17.5 million cinema tickets were sold in 2024, generating SR845.6 million ($225 million) in box office revenues. 

Meanwhile, the General Authority for Statistics said 11 percent of Saudis over 15 visited cinemas last year, and the General Entertainment Authority logged nearly 77 million attendees at events in 2024 鈥 underscoring the size of the broader entertainment ecosystem. 

Vinciquerra pointed to the surge in box office revenues and audience participation as evidence of strong underlying demand. 

鈥淲ill Smith came here. We made $28 million in box office, which is about what we are doing in England for a good film,鈥 Vinciquerra said, citing Sony鈥檚 Bad Boys release in 黑料社区. 

鈥淪o, that gives you an example of what could happen here if you have the right product and the right promotion and marketing,鈥 he said, adding this is going to be 鈥渁 terrific market in the future.鈥

The senior executive added that box office growth in 黑料社区 is extraordinary. 鈥淚t鈥檚 one of the fastest-growing markets in the world, and the appetite for content is tremendous.鈥 

The Kingdom has also ramped up domestic production, with 17 Saudi films released in 2024, generating approximately SR76.6 million in revenue 鈥 a 19 percent increase from the previous year, according to the Saudi Film Commission's 2024 annual report. 

He added that what has been done in five years in 黑料社区 is what took other markets decades to achieve. 鈥淭his country has massive curiosity and massive enthusiasm. That critical mass and momentum is essential to making an organization function the way it should.鈥 

Vinciquerra noted that the Kingdom鈥檚 embrace of cinema aligns with Vision 2030鈥檚 goals of diversifying the economy and enriching quality of life. He also emphasized the importance of experienced teams and government support in driving rapid progress. 

鈥淭he ministers in this country have been able to get people moving in the same direction,鈥 he said.

Commenting on hiring the right people for the industry, he added: 鈥淚ntelligence and experience are essential success factors, and having the right team in place can significantly drive progress.鈥