NEOM stages first international exhibition at the Venice Architectural Biennale  

NEOM’s ‘Zero Gravity Urbanism: Principles for a New Livability’ exhibition at the Venice Architecture Biennale. (Supplied)
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Updated 30 May 2023
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NEOM stages first international exhibition at the Venice Architectural Biennale  

  • ‘Gravity Urbanism – Principles for a New Livability,’ celebrates the design of The Line, NEOM’s linear city

VENICE: The futuristic avant-garde designs of The Line, Saudi Arabia’s trailblazing linear city, are on view for the first time outside of the Kingdom during the 18th edition of the Venice Architecture Biennale.  

The Line is part of NEOM, a smart city being constructed in the Kingdom’s Tabuk region of the country — a city that, in many ways, fits perfectly with the theme of this year’s biennale, “The Laboratory of the Future,” and with its focus on architecture from historically under-represented parts of the world.   




As soon as visitors step inside the building, they will come face to face with the exhibition’s focal point: a large-scale 9x13 meter relief plan of NEOM set in in the central courtyard, highlighting The Line’s futuristic design, its non-disruptive interaction with its natural environmentm and its passage through coastal, mountain and desert landscapes. (Supplied)

The designs are on show in the exhibition “Zero Gravity Urbanism: Principles for a New Livability,” which is being staged in a former church, the Abbazia di San Gregorio, one of Venice’s oldest buildings, and injects high-tech futurism into the Renaissance and Gothic architecture of its location. It also provides a glimpse of the riveting architecture of The Line, the world’s first linear city.  

As soon as visitors step inside the building, they will come face to face with the exhibition’s focal point: a large-scale 9x13 meter relief plan of NEOM set in in the central courtyard, highlighting The Line’s futuristic design, its non-disruptive interaction with its natural environmentm and its passage through coastal, mountain and desert landscapes. 

The exhibition uses high-tech maquettes, simulations and installations to explain Zero Gravity Urbanism, which the show’s organizers define as “a linear and three-dimensional concept that provides an innovative alternative to our current urban model.”  

The design is intended to address key global challenges, not just in terms of climate change but also the growing demand for urban land, and rising social and economic inequalities. People from all classes, cultures and walks of life will reportedly be able to find a home in The Line, which also aims to provide a model for developing cities with a radical approach to conservation and standards of living.  

The exhibition runs until Sept. 24. It brings together 20 of the world’s leading architects, designers and “future thinkers” and marks the launch of the Zero Gravity Urbanism concept. Sir Peter Cook, Massimiliano Fuksas, Jean Nouvel and Ben van Berkel were among the world-renowned architects who joined CEO Nadhmi Al-Nasr and other representatives from NEOM leadership at the exhibition’s opening ceremony, attended by more than 100 other architects from around the world.  

“Venice is the debut of Zero Gravity Urbanism to the world,” Tarek Qaddumi, executive director of urban planning at NEOM, told Arab News. “What better place to do it in than Venice? It also reflects the idea of the laboratory of the future. We are bringing forward an idea, rather than just the design. The design becomes the manifestation of that idea for a solution to the current challenges of the world. 

“We can only imagine that the rest of the world has their own take on things, but we believe that Zero Gravity Urbanism offers solutions across sectors,” he added. “The exhibition represents an important first step onto the global stage for Zero Gravity Urbanism, as the world’s wider architecture community now has the opportunity to see the depth of thinking and work that has gone into this incredible project from so many prominent thinkers and architects.” 

Ultimately, the exhibition is not just about the aesthetics and technological prowess of The Line’s cutting-edge architecture, but also presents a vision of solutions for pressing urban and global problems. 

 Antoni Vives, NEOM’s chief urban planning officer, said in a press release: “Brought to life in Venice through the design proposals and intellectual contribution of the world’s leading architects and urban thinkers, Zero Gravity Urbanism represents a proposal of how humanity can better respond to the urban challenges we face globally.” 


PM Sharif highlights Pakistan’s strategic location at SCO summit, calls it ‘ideal conduit’ for connectivity

Updated 7 min 1 sec ago
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PM Sharif highlights Pakistan’s strategic location at SCO summit, calls it ‘ideal conduit’ for connectivity

  • Shehbaz Sharif emphasizes use of national currencies for mutual settlement within SCO region to avoid financial shocks
  • He urges the top SCO leaders to denounce Israel’s ‘barbaric’ war in Gaza, call for ‘immediate and unconditional ceasefire’

ISLAMABAD: Prime Minister Shehbaz Sharif highlighted the importance of Pakistan’s geographical location in the region on Thursday, saying it could play a pivotal role to enhance economic connectivity in the neighborhood while addressing the Shanghai Cooperation Organization’s Council of Heads of State in Kazakhstan.
Sharif arrived in Astana, the capital of the Central Asian state, to attend the SCO summit along with leaders and diplomats from China, India, Türkiye, Iran, Azerbaijan, Kyrgyzstan and other countries to review economic and security cooperation.
His visit to the region comes at a time when his administration is trying to addressed a prolonged macroeconomic crisis faced by the country by seeking enhanced trade in the region.
Sharif has held several meetings with the top leaders of different gathered at the occasion, prompting Pakistan as a trade and transit hub connecting the landlocked Central Asian Republics to the rest of the world via the Arabian Sea.
“Excellencies, SCO leaders have repeatedly underscored the importance of investing in the connectivity of the SCO region through efficient transport corridors and reliable supply chains,” he said while addressing the gathering. “It is time to put these words into action. Pakistan’s location makes it an ideal trade conduit for the entire region. The China-Pakistan Economic Corridor, the flagship project of Belt and Road initiative, supplements SCO vision of regional connectivity and economic interaction.”

In this handout photograph, released by Prime Minister’s Office, Pakistan Prime Minister Shehbaz Sharif (left) shakes hands with Kazakhstan President Kassym-Jomart Tokayev as he arrives at the Independence Palace of Astana to attend Shanghai Cooperation Organization Summit in Astana on July 4, 2024. (Photo courtesy: PMO)

“Promoting the use of national currencies for mutual settlement within SCO region can help avoid international financial shocks,” he continued. “Pakistan also supports the proposal to create an SCO alternative development funding mechanism to give the needed impetus to various stalled development initiatives.”
Reflecting on the global political situation, the prime minister urged the top SCO leaders to denounce Israel’s war on Gaza.
He noted the SCO stood for the observance of the UN principles of sovereignty, territorial integrity and people’s fundamental right to self-determination.
Sharif maintained the United Nations Security Council resolutions offered workable framework to resolve longstanding disputes, adding that failure to implement them had brought unimaginable sufferings of people around the world.
“One of the worst examples is Palestine where over 37,000 innocent civilians, mostly women and children, have been killed and over two million have been displaced by Israel’s indiscriminate and unabated bombing,” he said.
“SCO must outrightly denounce this barbaric act and call for an immediate and unconditional ceasefire, leading to the implementation of two-state solution which includes the establishment of Palestine as a viable, secure and contiguous state on the basis of pre-1967 borders with Al-Quds as its capital,” he added.
According to a statement issued by his office earlier in the day, the prime minister will participate in the SCO Plus Summit and deliver a national statement.
The “SCO Plus” meeting refers to a format that includes not only the SCO member states but also observer nations and other invited guests.
The expanded format aims to broaden the dialogue and cooperation beyond the core member countries, engaging a wider range of nations in discussions on security, economic and cultural issues.
The prime minister also met Russian President Vladimir Putin after his arrival in Astana to discuss enhanced bilateral trade and diplomatic relations and assure him that the bilateral relations between the two states would not be impacted by geopolitical contingencies or relations with other countries.
The PM Office also said Sharif will meet the Kazakhstan president during the day.


Saudi Arabia announces six additional sports clubs for privatization

Updated 19 min 2 sec ago
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Saudi Arabia announces six additional sports clubs for privatization

  • Six additional clubs are now available for privatization starting in August
  • An additional eight clubs will all also be up for privatization at a later stage

RIYADH: The Saudi Ministry of Sport has launched the latest phase of the Sports Clubs Investment and Privatization Project to privatize 14 more clubs.

Initiated by Crown Prince Mohammed bin Salman last June, the project, rolled out in collaboration with the National Privatization Center, aims to accelerate the sports industry in the Kingdom by inviting business sector involvement with clubs.

Six additional clubs are now available for privatization starting in August: Al-Zulfi, Al-Nahda, Al-Okhdood, Al-Ansar, Al-Orouba, and Al-Kholoud. The clubs have been selected based on their operational readiness, financial health, administrative capabilities and athletic facilities.

An additional eight clubs — Al-Shoalah, Hajar, Al-Najmah, Al-Riyadh, Al-Rawdhah, Jeddah, Al-Taraji and Al-Sahel — will all also be up for privatization at a later stage.

Following the successful privatization of Al-Hilal, Al-Nassr, Al-Ahli, and Al-Ittihad during the first phase, the project now advanced into phase two.

As part of the commitment to accelerate the transformation of the sports sector, the project seeks to enhance the administrative and financial governance of clubs, creating new opportunities for sports investment in the country to develop club infrastructure, among other things. This, in turn, will take fan experiences to new levels, the ministry’s statement said.

The Roshn Saudi League has shown significant commercial revenue growth from last season after the privatization of clubs, with a goal to potentially reach an annual total of 1.8 billion Saudi riyals ($479,819).

With more than 80 percent of the population following, watching or playing football, the league’s development is enhancing the sport and entertainment experience for a big fanbase. This progress is raising the bar for clubs in the league, encouraging them to invest in facilities and stadiums.

With the help of the ministry, Al-Fateh, Al-Ettifaq, Al-Taawoun, Al-Shabab and Al-Hilal all moved into their own home stadiums during the 2023-24 season.

The Sports Clubs Investment and Privatization Project operates through two primary tracks. The first involves granting permission for businesses and development organizations to invest in sports teams in return for ownership transfer. The second involves offering publicly owned sports clubs for privatization. Investors interested in participating in this project can visit the ministry’s website for application details and further information.


Oil Updates — crude drops on worries about demand, slowing US economy 

Updated 44 min 15 sec ago
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Oil Updates — crude drops on worries about demand, slowing US economy 

TOKYO: Oil prices fell on Thursday, with investors turning cautious on expectations of lower demand as US employment and business data came in weaker than forecast, signaling the economy of the world’s top oil consumer may be cooling, according to Reuters. 

Brent crude futures were down 60 cents, or 0.69 percent, at $86.74 a barrel, while US West Texas Intermediate crude futures fell 63 cents, or 0.75 percent, to $83.25 by 09:51 a.m. Saudi time, with activity thinned by the US Independence Day holiday. 

“Geopolitics and weather remain bullish risks, but the underlying physical market strength looks set to turn softer,” Citi analysts said in a note to clients, adding that physical markets are trading post-summer September cargoes when demand could soften partly due to hurricane risks. 

US crude shipments bound for Europe fell to a two-year low in June as European buyers bought cheaper regional and West African oil, though some rebound in July and August volumes could still happen. 

The drop in oil prices is also partly attributable to traders taking profits after recent gains, analysts said. 

Oil futures on both sides of the Atlantic are on track for a fourth straight weekly increase. 

“The intraday weakness seen in oil prices in today’s Asian session seems to be some form of profit-taking activities as WTI crude managed to hold above $81.90/barrel key minor support,” OANDA senior market analyst Kelvin Wong said. 

Further underscoring the lower demand expectations was data from the US that showed first-time applications for US unemployment benefits increased last week, while the number of people on jobless rolls rose further to a 2-1/2-year high toward the end of June. 

The ADP Employment report showed private payrolls increased by 150,000 jobs in June, below a consensus predicting an increase of 160,000, and after rising by 157,000 in May. 

Also, the ISM Non-Manufacturing index, a measure of US services sector activity, fell to a four-year low of 48.8 in June, well below the 52.5 consensus. 

However, weaker economic data may add to the US Federal Reserve’s arguments to start cutting rates, analysts said, a move that would be supportive for the oil markets as lower rates could boost demand. 

Softer US data has already prompted markets to lift the probability of a September rate cut to 74 percent, from 65 percent, while pricing in 47 basis points of easing for this year.  

A “lower interest rate environment in the US may cap the strength of the dollar at least in the short term which favors the current bullish bias of WTI crude,” OANDA’s Wong said. 

US crude and fuel stockpiles fell by more than expected last week, the Energy Information Administration said on Wednesday. 


Bidding opens for ‘Coffee City’ in Baha region

Updated 48 min 51 sec ago
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Bidding opens for ‘Coffee City’ in Baha region

  • The aim is to enhance local production by planting 300,000 coffee trees over an area of 5 million square meters.

RIYADH: The Kingdom’s Ministry of Environment, Water and Agriculture has opened bidding for its “Coffee City” in Baha’s Qalwah governorate, the Saudi Press Agency reported on Thursday.

The aim is to enhance local production by planting 300,000 coffee trees over an area of 5 million square meters.

Businesses seeking to invest should submit their bids through the Furas platform by Sept. 9.


Egypt shows signs of business growth as PMI hits 49.9 in June 

Updated 04 July 2024
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Egypt shows signs of business growth as PMI hits 49.9 in June 

RIYADH: Non-oil companies in Egypt saw sales growth for the first time in nearly three years, as the Purchasing Managers’ Index rose to 49.9 in June from 49.6 in May. 

According to S&P Global, this rise in the index, just fractionally below the 50 mark, was driven by government policy moves that supported a relaxation of price pressures, ultimately showing signs of economic stability in the country. 

Egypt’s non-oil sector has been facing headwinds over the past few years, with the country battling economic shocks due to the crisis in neighboring Gaza, currency pressure, and the Suez Canal disruption, the US-based credit rating agency said in its previous reports. 

“Egypt’s non-oil economy ended the first half of 2024 on a high according to the latest PMI data. With the headline PMI reaching 49.9 and total new order volumes rising for the first time in nearly three years, businesses appear to be heading on the road to recovery,” said David Owen, senior economist at S&P Global Market Intelligence.  

S&P Global noted that any PMI reading above 50 indicates growth in the non-oil sector, while readings below 50 signal contraction. 

The report further noted that the country’s output levels fell at the softest rate in nearly three years, while the volume of input purchases rose for the first time since December 2021.  

Moreover, input cost inflation remained soft despite accelerating to a three-month high in June, leading to another modest rise in selling charges.  

Additionally, business intakes at non-oil firms in Egypt rose for the first time since August 2021, as the proportion of firms seeing demand improvement started to outweigh those seeing a reduction.  

“Although output levels continued to fall on average, they were also close to growth territory, as business capacity was helped by a fresh increase in the buying of inputs. If we see further rises in sales and purchases in the second half of this year, firms should have the motivation and need to expand their output,” said Owen.  

He added: “Another positive is that price pressures have remained much cooler than in the first quarter of this year during the country’s foreign currency crisis.”  

The report highlighted that the manufacturing and services sectors witnessed a rise in new orders in June, while the construction, wholesale and retail industries saw a decline in the month.  

Moreover, employment numbers across the Egyptian non-oil economy were relatively stable in June.  

Even though some firms opted to boost their workforces amidst rising sales, many companies reported layoffs and the non-replacement of leavers, the report added.  

The data for June also revealed that inflationary pressures on businesses had been greatly suppressed in the second quarter of the year.  

“While June saw the fastest rise in input prices for three months, firms generally commented that this was due to a high degree of volatility in market prices rather than an accelerating inflation trend,” concluded Owen.