Crown prince: Saudi Arabia investing $1bn this year to help African countries recover from COVID-19
Mohammed Prince Mohammed said projects will be carried out by the Saudi Fund for Development
Prince Mohammed said his country has paid $122 million to combat terror along the African coast
Updated 19 May 2021
Arab News
RIYADH: Saudi Arabia will support African countries with investments and loans worth about $1 billion this year to help their economies recover from the COVID-19 pandemic Crown Prince Mohammad Bin Salman said on Tuesday.
The projects will be carried out by the Saudi Fund for Development (SFD), Prince Mohammed said in a six-minute televised speech to a debt relief conference in Paris.
“Saudi Arabia is one of the countries that supports COVAX and the Kingdom is one of the countries that supports exporting vaccines to developing countries,” he said, in reference to a worldwide initiative aimed at equitable access to COVID-19 jabs.
Last year’s Saudi-hosted G20 Summit launched initiatives to support the African economy while the SFD offered loans to African countries.
He also said the Kingdom’s sovereign wealth fund, the Public Investment Fund (PIF), had invested around $4 billion in the energy, mining, telecoms, food and other sectors in Africa and that it would continue to look for opportunities in other sectors in the continent.
Prince Mohammed said his country has paid $122 million to combat terror along the African coast.
“We are aiming that this summit concludes with solutions to the debts of African countries,” the crown prince said.
Saudi, he added, has offered loans and grants to more than 45 African countries.
Saudi Arabia was among lender counties which met in Paris on Tuesday to find ways of financing African economies hurt by the pandemic and to discuss handling the continent’s billions of dollars in debt.
The summit brought together some 30 African and European heads of state, as well as the heads of global financial institutions such as the IMF and World Bank.
‘Saudi Arabia has announced a Euro 200 million worth initiative to redevelop the African coast’ Prince Mohammed told the attendees.
“The impact of the pandemic on low-income African countries was severe, as it widened the financing gap needed to achieve development goals. It is important to continue joint international efforts to overcome this crisis,” the crown prince said.
He said the Kingdom is currently working closely with its partners at Southern African Development Community and mainly with South Africa to strengthen the capabilities of Mozambique’s security forces to fight extremists and reinforce stability.
Prince Salman said many African countires would be involved in the Kindom’s Green Middle East Initiative, which aims to remove 10 percent of the world’s carbon emissions
Earlier during the conference, IMF member countries agreed to clear Sudan’s arrears to the institution, removing a final hurdle to it obtaining wider relief on external debt of at least $50 billion.
Saudi Arabia, Sudan’s third-largest creditor with about $4.6 billion in debt, has said it will press strongly for a broad agreement on debt, to help a country emerging from decades of sanctions and isolation under ousted former President Omar Al-Bashir.
RIYADH: The King Salman Humanitarian Aid and Relief Center (KSrelief) continues with its global humanitarian activities including the distribution of basic food items, clothing vouchers as well as the provision of emergency services.
In Pakistan’s Shahdadkot area of Sindh province, the aid agency on Wednesday handed out 1,050 food boxes benefiting 6,524 individuals who mostly have been affected by floods.
In Yemen, KSrelief on Thursday distributed 1,247 double desks, 560 single desks, 56 wheelchairs, computers and office supplies to support 35 centers for people with disabilities and 26 adult education schools across several Yemeni governorates.
The latest initiative is part of the second phase of the project on local capacity building for educating illiterate students and people with disabilities in the governorates of Aden, Hadramout, Dhale, Lahij, Shabwa and Al-Mahra.
In Sudan, 40 tonnes of dates were distributed in Wad Madani, Gezira State as part of a larger project to share 441 tonnes of dates to the most vulnerable families in the states of Kassala, Gedaref, Red Sea, River Nile, Blue Nile, White Nile, Sennar and Gezira.
In the northern Gaza Strip, KSrelief collaborated with the Saudi Center for Culture and Heritage to provide shelter bags for Palestinian people and assist them in rebuilding their damaged homes and property resulting from over 15 months of war.
In Poland, the aid agency recently concluded a volunteer prosthetic project and was able to provide 30 prosthetic limbs to Ukrainian refugees from January 15 to January 21.
In Jindires of Syria’s Aleppo governorate, shopping vouchers were given to 1,288 beneficiaries for them to purchase winter clothing from designated stores.
Meanwhile, the ambulance service of Subul Al-Salam Social Association in the Miniyeh district of north Lebanon – which is funded by KSrelief – carried out 82 missions during the past week.
The services, which included transporting patients to and from hospitals and treating burn injuries, were provided to Syrian and Palestinian refugees and the local community.
How Saudi Arabia is making the construction industry greener and more sustainable
The Kingdom is advancing green construction techniques with cutting-edge technologies, local partnerships, and regulatory support
Red Sea Global, SCG International, VEKR Environmental Services, and SABIC are setting the standard for sustainable construction
Updated 25 January 2025
Waad Hussain
RIYADH: Saudi Arabia is embracing sustainability as a core element of its Vision 2030 economic reform agenda, driving transformative practices across whole industries.
Nowhere is this more evident than in the Kingdom’s construction sector, where innovative solutions and eco-conscious strategies are reshaping the urban landscape.
Through cutting-edge technologies, collaborative efforts and the adoption of environmentally responsible materials, companies like Red Sea Global, SCG International, VEKR Environmental Services and SABIC are setting a high standard for sustainable development.
Red Sea Global has made environmental stewardship a priority across its mega-projects, ensuring that development enhances rather than disrupts the delicate ecosystem.
“At Red Sea Global, we have initiated several critical programs to safeguard endangered species such as the hawksbill turtles and sooty falcons,” Raed Al-Basseet, RSG’s group chief environment and sustainability officer, told Arab News.
“These efforts include habitat conservation, the protection of turtles’ nesting sites, and tagging programs to monitor their behaviors. On birds, we’ve established artificial nesting sites for the sooty falcon and implemented preventive measures to mitigate bird collisions.”
The organization has also embraced advanced technologies to protect marine ecosystems.
“RSG is leveraging state-of-the-art technologies, including drone surveys equipped with multispectral cameras and satellite imagery for coral reef mapping,” Al-Basseet said.
These tools ensure the real-time monitoring of coral reefs, mangroves and seagrasses, while helping respond swiftly to environmental changes.
DID YOUKNOW?
• Saudi Arabia’s construction sector produces about 38% of the Kingdom’s carbon emissions, highlighting the critical need for sustainable practices.
• Mangroves, like those planted by RSG, can sequester up to 10 times more carbon per hectare than tropical rainforests.
• LEED Gold-certified buildings, like SABIC’s Jubail headquarters, consume 30% less energy than traditional buildings.
• 3D-printed construction reduces material waste by up to 60%, significantly lowering environmental impact.
RSG’s achievements extend beyond conservation. The company’s renewable energy initiatives have resulted in the installation of more than 760,500 solar panels, reducing CO2 emissions by 46,350 tonnes annually.
Additionally, its mangrove nursery produced more than 1 million seedlings in 2024, with a target of reaching 3 million this year.
“Our commitment to achieving a net conservation benefit of 30 percent by 2040 is integral to our vision of creating harmonious development,” Al-Basseet added.
Another key player in Saudi Arabia’s sustainability journey is SABIC, a global leader in materials innovation and environmental solutions.
SABIC’s Jubail headquarters, which has been certified with LEED Gold, stands as a symbol of green construction.
The building incorporates solar energy systems, wind turbines and electric vehicle charging stations, while also utilizing water recycling systems and low-energy lighting controls.
Beyond infrastructure, SABIC is pioneering efforts in carbon capture and utilization. The company operates the world’s largest CO2 purification and liquefaction plant, capturing 500,000 tonnes annually to convert into valuable products such as methanol and ammonia.
These initiatives reflect SABIC’s broader goal of achieving carbon neutrality by 2050, with an interim target of reducing greenhouse gas emissions by 20 percent by 2030.
Opinion
This section contains relevant reference points, placed in (Opinion field)
In addition to these efforts, SABIC has launched a circular carbon economy model, promoting renewable energy, chemical recycling and afforestation projects.
The company’s recent exports of low-carbon ammonia to global markets, including Japan and South Korea, highlight its leadership in sustainable industrial practices.
Sustainability in construction is not just about preserving nature but also about adopting technologies that redefine how buildings are constructed. SCG International, a global leader in green building solutions, is paving the way for technological innovation in the Kingdom.
“3D printing technology enables accelerated construction timelines, reducing time by up to 30 to 50 percent and labor requirements by 50 percent,” Abhijit Datta, managing director of SCG International, told Arab News.
“It significantly reduces material waste and ensures no leftover raw materials, contributing to a cleaner and safer working environment, by lowering dust and noise levels.”
Among its innovations, SCG’s concrete fabric offers a sustainable solution for erosion control and water management.
“This flexible material conforms to various shapes, reducing logistics costs and emissions while ensuring durability,” Datta said.
The company’s commitment to local empowerment is equally noteworthy. SCG actively collaborates with Saudi firms to train teams in low-carbon cement and ready-mix consultancy services.
Despite recent progress, the adoption of sustainable construction technologies has faced difficulties.
“One of the primary challenges is the high upfront cost of sustainable building practices, which can be a concern for clients,” Dana Al-Damegh, an environmental consultant at VEKR Environmental Services, told Arab News.
“Many are not fully aware of the long-term benefits, including cost savings and enhanced efficiency, that sustainable materials can offer.”
Another pressing issue is the scarcity of resources.
“There is currently a shortage of locally sourced materials, which poses a challenge to sustainable construction efforts,” Al-Damegh said.
“This scarcity extends to skilled manpower as well, which further impacts the ability to fully leverage local resources. Addressing these gaps is crucial for achieving greater sustainability in the sector.”
Nonetheless, Al-Damegh is optimistic about the future. “The collaboration between environmental services companies and regulatory bodies has been instrumental in driving progress,” she said.
As the Kingdom advances its Vision 2030 reform agenda, the focus on green construction continues to grow. The integration of advanced technologies, development of local supply chains and investments in education as well as training will be critical to scaling sustainable practices.
“The successful implementation of sustainable methods requires collaboration, commitment and the right resources,” said Al-Damegh. “All of which are becoming increasingly accessible in Saudi Arabia’s evolving environmental landscape.”
Saudi Arabia to host multinational ‘Spears of Victory 2025’ military exercise
Forces from 15 countries will take part, with focus on current and emerging threats
Tactical operations seek to enhance combat readiness in electronic warfare
Updated 25 January 2025
Arab News
RIYADH: The “Spears of Victory 2025” military exercise will begin next week at the Air Warfare Center in Saudi Arabia, the Saudi Press Agency reported.
The exercise will run from Jan. 26 to Feb. 6, and feature participation from 15 countries, underscoring the global commitment to strengthening military collaboration.
Countries contributing forces include Bahrain, Greece, France, Qatar, the UK, US, UAE, and Pakistan. Seven additional nations — Australia, Egypt, Italy, Jordan, Morocco, South Korea, and Spain — will take part as observers, SPA added.
Air Force Maj. Gen. Mohammed bin Ali Al-Omari, the exercise commander, said the aim was to enhance combat readiness, foster the exchange of expertise in planning and execution, and unify the concept of joint military action.
The exercise will focus on addressing current and emerging threats, advancing tactical capabilities, and promoting joint operational strategies, he added.
Participating forces will engage in complex tactical operations designed to simulate threats in an advanced electronic warfare environment, according to SPA.
These operations will integrate branches of Saudi Arabia’s armed forces, the Ministry of the National Guard, and the Presidency of State Security, alongside military contingents from other nations with active forces on the ground.
King Abdulaziz University hosts National Development Fund’s governor at panel discussion
Stephen Groff looks at achieving aims of Saudi Vision 2030
Updated 24 January 2025
Arab News
RIYADH: King Abdulaziz University hosted Stephen Groff, the National Development Fund’s governor, in a panel discussion at the Academic Dialogue Table organized by the Faculty of Economics and Administration.
Groff discussed the role of the NDF and the broader development ecosystem in achieving Saudi Vision 2030, in an event also attended by Dr. Tareef Al-Aama, the university’s president.
Groff said that the fund aimed to enhance developmental impact and improve productivity, highlighting the key strategic priorities and ongoing initiatives being provided to entities under the fund’s umbrella, such as economic diversification and growth stimulation.
He added that the NDF contributed to creating sustainable job opportunities as well as supporting small and medium-sized enterprises and entrepreneurship.
FASTFACT
Groff stressed that one of the fund’s core missions was to develop infrastructure by financing large-scale project.
Groff stressed that one of the fund’s core missions was to develop infrastructure by financing large-scale projects in sectors such as transportation, housing, and public utilities through its affiliated entities, including the recently established National Infrastructure Fund.
He explained that the primary mission of the fund, as a development finance institution, was to empower development funds and banks to achieve their sector-specific objectives, beneficiary goals, and activity targets, while focusing on specific areas and ensuring the financial sustainability of development finance entities in the future.
He concluded by stressing the critical role of the fund in reviewing and evaluating the impact of every program, project, or initiative aimed at addressing developmental needs, economic priorities, challenges, and available opportunities.
Albudaiwi wished the president success in his efforts to uplift the Lebanese people and fulfill their aspirations
Updated 24 January 2025
Arab News
BEIRUT: Secretary-General of the Gulf Cooperation Council Jasem Albudaiwi met with President of Lebanon Joseph Aoun at the Presidential Palace in Baabda, Beirut on Friday.
Albudaiwi wished the president success in his efforts to uplift the Lebanese people and fulfill their aspirations, the General Secretariat wrote in a report.
He added that the meeting reaffirmed the GCC’s unwavering support for Lebanon, stressing its commitment to bolstering Lebanon’s security and stability and contributing to the sustainable development and prosperity of the Lebanese people.