Why healthy land is our greatest economic asset

Why healthy land is our greatest economic asset

Why healthy land is our greatest economic asset
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The signs are becoming harder to ignore. Crops are failing more often. Wells are yielding less water. Dust settles where food once grew. In many parts of the world, the land is growing tired — less able to support the people who depend on it. And as the soil weakens, so too do the livelihoods, economies and communities built upon it.

While land degradation is a global concern, its impact is especially pronounced in the Arab region. Stretching from North Africa to the Arabian Peninsula, this part of the world is among the most vulnerable. Nearly 90 percent of land is already degraded and a combination of rising temperatures, water scarcity and stressed agricultural systems is placing an increasing strain on people and ecosystems alike.

Here, land degradation is not just about the environment — it affects the fundamentals of daily life. It shapes whether families can grow enough to eat, whether young people envision a future at home and whether communities can remain self-reliant. In some areas, it has already contributed to displacement and tension over dwindling natural resources.

While agriculture still employs 38 percent of the workforce across the Arab region, half of all calories consumed are imported. With droughts intensifying and arable land diminishing, pressure is mounting on food production and rural livelihoods across the region. Without meaningful investment in sustainable land use, the divide between those with access to fertile land and food and those without will only deepen.

Still, this is not just a problem to solve; it is a chance to rethink how we value and manage land. Not as something to be used up, but as a foundation to be protected and solidified.

We now know that land restoration delivers real returns. For every dollar invested, studies show a return of $7 to $30 in benefits. Globally, restoring 1 billion hectares of degraded land could generate up to $1.8 trillion in value annually. These are not distant ambitions — they are within reach.

Healthy land is not just an environmental priority, but a cornerstone of long-term resilience and prosperity.

Ibrahim Thiaw

Yet the financing gap remains stark. To meet global restoration targets by 2030, investments to the tune of $1 billion dollars per day are needed. The private sector currently contributes 6 percent of total investment. Scaling up both public and private finance and redirecting harmful subsidies toward sustainable land use will be necessary to keep our economic models sustainable.

Encouragingly, the Arab region is taking meaningful steps. The Arab Coordination Group has pledged $10 billion by 2030 to address land degradation and strengthen drought resilience. It is a significant move, but far more is needed. Globally, $7 trillion continues to support land-harmful subsidies and unsustainable practices, underlining the urgency of shifting resources toward land restoration.

To shift direction, we need smarter tools for investment. One of these is the Sustainable Return on Investment — a way of measuring success that includes not only financial returns, but also climate stability, biodiversity, food security and human well-being. This approach can guide both public and private capital toward lasting impact.

As we marked World Day to Combat Desertification and Drought on June 17, our message was clear: Healthy land is not just an environmental priority, but a cornerstone of long-term resilience and prosperity.

Because when we restore land, we restore choices. We restore hope and dignity. And we rebuild the foundation of a more secure, equitable, and livable world for all.

Ibrahim Thiaw is under-secretary-general of the UN and executive secretary of the UN Convention to Combat Desertification.

 

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Bangladesh to hold elections in February 2026: Yunus

People watch Muhammad Yunus, leader of Bangladeshi interim government, as he appears on a screen while reading July Declaration.
People watch Muhammad Yunus, leader of Bangladeshi interim government, as he appears on a screen while reading July Declaration.
Updated 7 min 4 sec ago

Bangladesh to hold elections in February 2026: Yunus

People watch Muhammad Yunus, leader of Bangladeshi interim government, as he appears on a screen while reading July Declaration.
  • Yunus had earlier said elections would be held in April, but key political parties have been demanding he hold them earlier, and before Ramadan

DHAKA: Bangladesh will hold elections in February 2026, interim leader Muhammad Yunus said Tuesday, the first polls since a mass uprising overthrew the government last year.
“On behalf of the interim government, I will write a letter to the Chief Election Commissioner requesting that the election be arranged before Ramadan in February 2026,” Yunus said in a broadcast on the one-year anniversary of the ousting of prime minister Sheikh Hasina.
Nobel Peace Prize winner Yunus, 85, is leading the caretaker government as its chief adviser until elections, and has said he will step down after the vote.
“We will step into the final and most important phase after delivering this speech to you, and that is the transfer of power to an elected government,” he said.
Yunus had earlier said elections would be held in April, but key political parties have been demanding he hold them earlier, and before the Islamic holy month of Ramadan in the Muslim-majority nation of 170 million people.
“I urge you all to pray for us so that we can hold a fair and smooth election, enabling all citizens to move forward successfully in building a ‘New Bangladesh’,” he added.
“On behalf of the government, we will extend all necessary support to ensure that the election is free, peaceful and celebratory in spirit.”


Reports: LAFC agree to terms with Tottenham F Son Heung-Min

Reports: LAFC agree to terms with Tottenham F Son Heung-Min
Updated 12 min 27 sec ago

Reports: LAFC agree to terms with Tottenham F Son Heung-Min

Reports: LAFC agree to terms with Tottenham F Son Heung-Min
  • LAFC will pay a transfer fee of around $26 million, GiveMeSport and ESPN reported
  • Son, 33, announced over the weekend that he planned to leave Tottenham

LONDON: Son Heung-min, who spent 10 seasons with Tottenham Hotspur and stars for the South Korea national team, has a deal in place to join Los Angeles FC, according to multiple reports.

LAFC will pay a transfer fee of around $26 million, GiveMeSport and ESPN reported, which would break the Major League Soccer record of $22 million that Atlanta United paid to acquire Emmanuel Latte Lath last offseason.

Son, 33, announced over the weekend that he planned to leave Tottenham, saying he achieved everything that he could with the North London club and he was interested in a new challenge.

Tottenham faced Newcastle United in a friendly in Seoul, which served as Son’s farewell match. He received a standing ovation and a guard of honor and said he had “a huge respect and am very grateful” to his old club.

Son scored 172 goals and added 94 assists in 451 matches for Tottenham across all competitions, with 127 coming in Premier League play. A team captain, he helped the Spurs win the 2025 Europa League for the first major trophy of his career.

He previously played in Bundesliga for Hamburger SV and Bayer Leverkusen.

Son has also scored 51 goals in 134 matches for South Korea, the country’s second-leading goal-scorer of all time. Son played in the past three World Cups.

In LAFC — who also acquired defender Ryan Porteous from Watford on Monday — Son is joining a decorated MLS team that’s vying for another playoff berth. Los Angeles (10-6-6, 36 points) is sixth in the Western Conference.


Syrian and Turkish interior ministers discuss security cooperation in Ankara

Syrian and Turkish interior ministers discuss security cooperation in Ankara
Updated 34 min 20 sec ago

Syrian and Turkish interior ministers discuss security cooperation in Ankara

Syrian and Turkish interior ministers discuss security cooperation in Ankara
  • Khattab called for continued cooperation to ensure safe return for Syrians who sought refuge during civil war

LONDON: Syrian Interior Minister Anas Khattab discussed various topics with his Turkish counterpart, Ali Yerlikaya, during his official visit to Ankara this week.

The two ministers explored ways to strengthen security cooperation and coordination, in addition to supporting and developing Syrian security institutions.

Khattab highlighted the status of Syrian nationals who sought refuge in Turkiye during the civil war, calling for continued cooperation with Ankara to ensure their safe return home, the SANA agency reported.

Yerlikaya wrote on X that his meeting with Khattab focused on providing essential support to the security and related units of the Syrian Interior Ministry.

“(We discussed) sharing experience and providing an intensive training program and cooperating on the return of Syrians under temporary protection in our country,” he said.

“Strengthening security in Syria is vital for the consolidation of internal peace, economic development and social welfare,” he added, affirming Turkiye’s support of Syria’s stability.


Frequent disasters expose climate risks to infrastructure in South Asia

Frequent disasters expose climate risks to infrastructure in South Asia
Updated 56 min 43 sec ago

Frequent disasters expose climate risks to infrastructure in South Asia

Frequent disasters expose climate risks to infrastructure in South Asia
  • The flooding of the Bhotekoshi River on July 8 also killed nine people
  • Another smaller flood in the area on July 30 damaged roads and structures

Katmandu: Floods that damaged hydropower dams in Nepal and destroyed the main bridge connecting the country to China show the vulnerability of infrastructure and need for smart rebuilding in a region bearing the brunt of a warming planet, experts say.

The flooding of the Bhotekoshi River on July 8 also killed nine people and damaged an inland container depot that was being built to support increasing trade between the two countries. The 10 damaged hydropower facilities, including three under construction, have a combined capacity that could power 600,000 South Asian homes.

Another smaller flood in the area on July 30 damaged roads and structures, but caused less overall destruction. Elsewhere in the Himalayas, flash floods swept away roads, homes and hotels on Tuesday in northern India, killing at least four people and leaving many others trapped under debris, officials said.

The Himalayan region, which crosses Nepal and several nearby countries including India, is especially vulnerable to heavy rains, floods and landslides because the area is warming up faster than the rest of the world due to human-caused climate change. Climate experts say the increasing frequency of extreme weather has changed the playbook for assessing infrastructure risks while also increasing the need for smart rebuilding plans.

“The statistics of the past no longer apply for the future,” said John Pomeroy, a hydrologist at the University of Saskatchewan in Canada. “The risk that goes into building a bridge or other infrastructure is generally based on historical observations of past risk, but this is no longer useful because future risk is different and often much higher.”

While damage estimates from the July floods in the Rasuwa region are still being calculated, past construction costs give a sense of the financial toll. The Sino-Nepal Friendship Bridge alone, for example, took $68 million to rebuild after it was destroyed by a 2015 earthquake that ravaged Nepal.

The latest disaster has also stoked fears of long-lasting economic damage in a region north of the capital city Katmandu that spent years rebuilding after the 2015 quake. Nepali government officials estimate that $724 million worth of trade with China is conducted over the bridge each year, and that has come to a standstill.

“Thank God there wasn’t much damage to local villages, but the container depot and bridges have been completely destroyed. This has severely affected workers, hotel operators, laborers, and truck drivers who rely on cross-border trade for their livelihoods,” said Kaami Tsering, a local government official, in a phone interview with The Associated Press.

Among those affected is Urken Tamang, a 50-year-old parking attendant at the depot who has been out of work for several weeks. A small tea shop he runs nearby with his family has also suffered.

“We’ve been unlucky,” said Tamang, a former farmer who sold his land and changed jobs when work on the depot began. He added: “The whole area was severely damaged by the 2015 earthquake, and just when life was slowly returning to normal, this devastating flood struck.”

Disasters show need for climate-resilient infrastructure

The Nepal floods are the latest in a series of disasters in South Asia during this year’s monsoon season. Research has shown that extreme weather has become more frequent in the region including heat waves, heavy rains and melting glaciers.

Climate experts said smart planning and rebuilding in climate-vulnerable regions must include accounting for multiple risks, installing early warning systems, preparing local communities for disasters and, when needed, relocating infrastructure.

“What we have to avoid is the insanity of rebuilding after a natural disaster in the same place where it occurred and where we know it will occur again at even higher probability,” said Pomeroy, the Canadian hydrologist. “That’s a very poor decision. Unfortunately, that’s what most countries do.”

Before rebuilding in Rasuwa, Nepal government officials need to assess overall risks, including those due to extreme weather and climate change, said Bipin Dulal, an analyst at Katmandu-based International Center for Integrated Mountain Development.

The bridge connecting the two countries was rebuilt to better withstand earthquakes after it was destroyed in 2015, but it appears that officials didn’t properly account for the risk of flooding as intense as what occurred in early July, Dulal said.

“We have to see what the extreme risk scenarios can be and we should rebuild in a way in which the infrastructure can handle those extremes,” said Dulal.

Dulal said that large building projects in South Asia typically undertake environmental impact assessments that don’t adequately factor in the risks of floods and other disasters. The center is developing a multi-hazard risk assessment framework that it hopes will be adopted by planners and builders in the region to better account for the dangers of extreme weather.

Resilient structures can save billions in the long run

In 2024 alone, there were 167 disasters in Asia — including storms, floods, heat waves and earthquakes — which was the most of any continent, according to the Emergency Events Database maintained by the University of Louvain, Belgium. These led to losses of over $32 billion, the researchers found.

“These disasters are all wake-up calls. These risks are real,” said Ramesh Subramaniam, global director of programs and strategy at the Coalition for Disaster Resilient Infrastructure.

A CDRI analysis found that $124 billion worth of Nepal’s infrastructure is vulnerable to the impacts of climate-driven disasters, creating the potential for hundreds of millions of dollars in annual losses if the country doesn’t invest in resiliency.

“Investing a relatively smaller figure now would prevent the loss of these enormous sums of damages,” said Subramaniam.

Subramaniam said that most climate investments are directed toward mitigation, such as building clean energy projects and trying to reduce the amount of planet-heating gases being released. But given extreme weather damage already occurring, investing in adapting to global warming is also equally important, he said.

“I think countries are learning and adaptation is becoming a standard feature in their annual planning,” he said.

Global efforts to prepare for and deal with such losses include a climate loss and damage fund set up by the United Nations in 2023. The fund currently has $348 million available, which the UN warns is only a fraction of the yearly need for economic damage related to human-caused climate change. The World Bank and Asian Development Bank have also provided loans or grants to build climate-resilient projects.

In Nepal’s recently flood-ravaged region, Tsering, the local government official, said the repeated disasters have taken more than a financial toll on residents.

“Even though the river has now returned to a normal flow, the fear remains,” he said. “People will always worry that something like this could happen again.”


Pakistan redefines microenterprises to include more firms, drafts policy for women entrepreneurs

Pakistan redefines microenterprises to include more firms, drafts policy for women entrepreneurs
Updated 05 August 2025

Pakistan redefines microenterprises to include more firms, drafts policy for women entrepreneurs

Pakistan redefines microenterprises to include more firms, drafts policy for women entrepreneurs
  • Companies with annual revenues up to Rs30 million now fall under SMEDA’s support framework
  • Government to launch special digital portal to empower women-led businesses across the country

ISLAMABAD: Pakistan has lowered the threshold for defining microenterprises to include companies with annual revenues of up to Rs30 million ($106,000) under the national Small and Medium Enterprise (SME) development framework, and has finalized a draft Women’s Entrepreneurship Policy, the Prime Minister’s Office said on Tuesday.

The measures are part of a broader push by the government to revive the economy by expanding private-sector innovation and participation following years of economic distress. Pakistan’s financial outlook began improving after securing several International Monetary Fund (IMF) loans and introducing structural reforms that stabilized macroeconomic indicators.

Prime Minister Shehbaz Sharif chaired a review meeting of the Small and Medium Enterprises Development Authority's (SMEDA) steering committee to evaluate the performance of the SME sector. Officials briefed him on reforms aimed at enhancing the authority’s institutional capacity and outreach.

“Companies with annual business up to Rs30 million have been classified as microenterprises and brought under SMEDA’s scope on the instructions of the Prime Minister,” the statement said. “The draft of the Women Entrepreneurship Policy has also been prepared and will soon be submitted to the federal cabinet for approval.”

Other initiatives discussed during the meeting included the upcoming launch of a digital portal for women entrepreneurs and outsourcing of work related to SMEDA’s credit scoring model, SME subcontracting legal framework and export enhancement strategy.

SMEDA is also conducting a survey of 20 economic sectors in collaboration with the Pakistan Bureau of Statistics, the statement said.

"Small and medium-sized enterprises hold a vital place in the country’s development and economy," the prime minister said while addressing the gathering.

"The government is working on a priority basis to promote small and medium-sized businesses," he added.