Ancient Saudi city of AlUla focusing on sustainability not mass tourism, officials say

Ancient Saudi city of AlUla focusing on sustainability not mass tourism, officials say
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RCU booth in Saudi pavilion at WTM. (AN Photo/Sarah Glubb)
Ancient Saudi city of AlUla focusing on sustainability not mass tourism, officials say
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RCU booth in Saudi pavilion at WTM. (AN Photo/Sarah Glubb)
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Updated 14 November 2023
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Ancient Saudi city of AlUla focusing on sustainability not mass tourism, officials say

Ancient Saudi city of AlUla focusing on sustainability not mass tourism, officials say
  • The UNESCO World Heritage Site is becoming one of the Kingdom’s top tourist destinations but a top Royal Commission for AlUla official tells Arab News ‘We’re growing responsibly’
  • The commission took part in the World Travel Market in London last week where, for the first time, it had its own booth within the Kingdom’s pavilion at the event

LONDON: The ancient Saudi city of AlUla is rapidly becoming one of the Kingdom’s top destinations for local and international travelers, officials say, but mass tourism is not their top priority.
“We are growing, and we are growing very fast (but) part of our mission is to respond to sustainable and responsible tourism,” Rami Al-Moallim, vice president of the destination management and marketing office at Royal Commission for AlUla, told Arab News. “We are not yet open for mass tourism, and it is not the focus.
“We need people to experience AlUla, to feel AlUla, to enjoy AlUla, to have unforgettable memories in AlUla, so we’re growing responsibly.”
In terms of targets, he said the aim this year was to attract 250,000 visitors, which is already being achieved, and 292,000 next year.
“We believe this steady growth will be reached very soon (and) we are (targeting) around 1.2 million visitors by 2030,” Al-Moallim said. “We are growing steadily year over year (and providing) very good experiences for people to enjoy.”
The commission took part in the World Travel Market in London last week. It was the second time it has participated in the annual event under the banner of the Saudi Tourism Authority but the first in which it had a separate booth within the Kingdom’s pavilion.
According to Al-Moallim, the decision to expand its presence at the event this year was made because of the growing interest in AlUla in the international travel market, its increased tourism capacities, higher direct investments from travel partners, including hotel operators and activity providers, and greater numbers of partners who want to showcase what they offer.
The commission’s booth, which was larger than the entire presence of some countries at the event, showcased eight partners in particular, including hotel companies; Live Nation, which manages the Maraya concert hall; and tours and tourism operators Hero Adventure Experiences, Pangea Club and Warrior for Adventures.
The main established hospitality partners in AlUla, which is in Madinah province, currently include Habitas, Banyan Tree, Shaden and Cloud7, Al-Moallim said, but in London the commission also showcased new collaborators, including Dar Tantoura, an eco-friendly boutique hotel with 30 rooms. As plans for hospitality and accommodation in AlUla continue to expand, more will follow soon, he added.
“Dar Tantora will be followed by Hegra Heritage Boutique Hotel, which is another 30-room hotel, in Hegra, then Autograph Collection is also coming in 2025, followed by Six Senses in 2026,” Al-Moallim said.
“In addition to that, Cloud7 is (working on) an expansion currently to double the room capacity by this year-end.”
From an environmental perspective, the four pillars of sustainability — social, human, economic and environmental — are at the heart of the commission’s operations, he added, and it has adopted several initiatives under the banner of the Saudi Green Initiative.
“The newest project that we have, which is the Experiential Tram, is a low-carbon-emission tramway (covering a distance) of 22 kilometers,” Al-Moallim said. “It has 17 stations, so it takes you from the north to the south of AlUla, visiting the whole Journey Through Time master plan.”
On the social and economic fronts, he added, the Madrasat Addeera initiative offers workshops on handicrafts, art and education, with the aim of preserving and reviving local culture, heritage and traditions.
“Looking at the numbers and the key source markets, of course (Saudi Arabia) and the GCC (Gulf Cooperation Council) markets are the key for us” he said, adding that 72 percent of tourists who visited only AlUla in the Kingdom in 2022 came from these areas.
The rest of the world therefore accounted for 28 percent of visitors last year, with 11 percent from Europe alone, Al-Moallim said. The UK was a major source market, followed by France, Italy and Germany. Places outside of Europe, including the US and China, were lower on the list.
Antony Doucet, chief experience officer at Kerten Hospitality, participated in the World Travel Market, where he represented AlUla’s Dar Tantora House Hotel and the Cloud7 Residence. The latter opened in December last year and is set to increase its capacity to 300 rooms, which will make it the largest hotel in AlUla, while the former is set to open on Jan. 15, with 30 keys, he said.
“We don’t like to call (Dar Tantora) a hotel, rather a ‘hospitality experience’ because we’re inviting people to slow down and go back through different times of AlUla,” he said.
It will have a community and cultural manager, Doucet said, who can suggest activities inside and outside the hotel for visitors during their stay, culinary experiences that offer a chance to try traditional Saudi cuisine with a modern twist, and a spa that explores Arabian beauty secrets using natural ingredients from the area, including Peregrina oil.
“It’s also a very personalized and custom-made experience,” he added, as guest will be contacted a week before arrival to help staff better understand the purposes of their stay, their personalities, and their tastes in music and literature.
“It’s also important to note that we have limited electricity,” said Doucet. “We will have only two electric plugs per room, no air conditioning but natural ventilation, and we will be, I think, the first hotel to have drinkable water from the tap,” which will be purified on site.
This reflects the hotel’s commitment to sustainable tourism in AlUla and to the protection of the UNESCO World Heritage Site, he added.
Art will also play an important role at Dar Tantora, where a unique art collection, including bespoke pieces currently being created, will be on display. In addition, it will offer about 10 retail spaces.
Husaak Adventures was one of the tour operators promoting its activities in AlUla during the event in London where, for a second year, it was part of the Kingdom’s pavilion.
The company is an “activator” that works with the Royal Commission and other Saudi government entities to create a range of experiences and services, said Nikki McDonnell, its director of sales and marketing. These include hiking and mountain-biking trails, “glamping” resorts, visitor centers, accommodation solutions, stargazing events, and other adventures and cultural experiences designed to appeal to local and international visitors.
The Saudi-registered business was founded about 10 years ago when there were relatively few tourists or any significant adventure-tourism sector in the region, she said, but now the Kingdom has become a “pioneer” in the field, and the growth and “development they have had in the last couple of years is amazing, and there’s so much opportunity to develop further jewels of Saudi Arabia.”
She added: “We have since developed, and now we offer, over 14 different daily experiences for visitors, as well as the glamping and accommodation solutions that offer affordable accommodation within what is known as a luxury destination.”
AlUla has incredible history, McDonnell said, and one of its key tourist attractions is the ancient Incense Road in Hegra, also known as Mada’in Saleh.
“There’s a big misconception that Saudi Arabia is very hot and it’s only a seasonal destination — it’s not,” she said. The climate and landscape are so diverse that travelers can visit all year round to explore the country’s “rich heritage,” she added.
McDonnell said part of Husaak’s focus is on increasing consumer awareness of AlUla, so while it works with other destination-management and travel companies to package its experiences and programs for visitors, it also carries out a lot of digital marketing in its own right.
“We are on Tripadvisor, our glamping is on Booking.com, we invest in Google heavily to target visitors before they come into the country, (we are) on social media to drive our traffic, and we also advertise annually with National Geographic,” she said.
“Can we develop more experiences, more unforgettable experiences? Yes, and that’s our goal as a company, just to continue to drive and build those experiences and build a legacy for visitors.”
Imad Sulaiman, the general manager of Athaar Arabia, a pioneering destination-management company in the Kingdom, said: “Despite the COVID years, Saudi Arabia is an amazing destination, and with Vision 2030 announcing the (introduction of the) tourist visa, (the country) has strongly found its way onto the tourist map around the world, so this has been a very good achievement over the past three years.
“We are lucky because everybody is talking about Saudi Arabia; the gigaprojects, sports activities and other huge efforts which the Saudi Tourism Authority is doing with other stakeholders … to show Saudi Arabia to the world. They went beyond our expectations.”
Tourism Minister Ahmed Al-Khateeb announced at the Future Investment Initiative forum in Riyadh this month an increased target of attracting 150 million tourists a year by 2030. Sulaiman said it is a target that can “be achieved because Saudi Arabia is a new destination to travelers” and is attracting a lot of interest due to the massive development projects that are helping to support businesses in the tourism sector.
“I call Saudi Arabia a hidden jewel because it’s not shown to the world,” he said, but now “we have a huge demand from different tour operators requesting different types of business or traveler packages to their clients,” from high-end experiences to adventure holidays.
Thanks to the “good news” about the Kingdom’s potential and in-progress bids to host World Expo 2030, the 2034 FIFA World Cup and the Winter Olympics, together with the major sporting events it already hosts, including Formula One and Formula E, “all these projects give us big power to work hard to be able to achieve this target,” Sulaiman said.
He added that he is “proud of all these things” because he worked in the sector in the days before Vision 2030, and all the developments that have followed since it was announced in 2016 have been “beyond our expectation — it’s amazing.”


UNHCR official says refugee numbers will surge without urgent climate action

UNHCR official says refugee numbers will surge without urgent climate action
Updated 16 October 2024
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UNHCR official says refugee numbers will surge without urgent climate action

UNHCR official says refugee numbers will surge without urgent climate action
  • Global Future Councils, Andrew Harper underlines need ‘to turn despondency into hope’
  • Prof. Tolu Oni: ‘Future cities could be transformative if designed to be “cleaner, greener, and fairer”’

DUBAI: The global refugee crisis will continue to escalate unless immediate action is taken to address the effects of climate change, Andrew Harper, special advisor to the United Nations High Commissioner for Refugees, told the Global Future Councils in Dubai on Tuesday.

Highlighting the inextricable link between human security and climate change, Harper said that current data paints a grim picture, making it difficult to remain optimistic about future outcomes.

“There are talks, meetings and conferences but we are still not seeing the change that is required,” Harper said.

“The number of vulnerable people and refugees fleeing conflicts and climate disasters will only increase if no change is implemented. The climate is getting warmer and so we simply must change from rhetoric to action.”

With more than 120 million refugees worldwide, Harper said that accountability must extend not only to the refugees themselves but also to the countries that host them.

“How do you go about empowering people when you’ve got budget cuts in food programs and other organizations? There are no schools, no education on sustainability, we have got to turn despondency into hope.”

Harper called for a focus on “repairing the environment,” adequately funding frontline workers, and building sustainable infrastructure, stressing the importance of including women and youth in decision-making processes to “find long term solutions for our long term problems.”

According to UNHCR, 84 percent of refugees and asylum seekers in 2022 came from highly climate-vulnerable countries, up from 61 percent in 2010.

Only 1 percent of refugees have been able to return home, a challenge expected to grow as climate change continues to worsen conditions in many countries, further deteriorating basic living conditions and hindering opportunities for development in many countries of origin.

The Institute for Economics and Peace predicts that in the worst-case scenario, 1.2 billion people could be displaced by 2050 as a result of natural disasters and other ecological threats.

Speaking on the “Betazone: Green and Fair?” panel, Tolu Oni, clinical professor of global public health and sustainable urban development at the University of Cambridge, said that cities and large urban areas are not immune to the effects of climate change.

She argued that as pressure and reliance on urbanization grow, cities must be central to climate change discussions.

Oni said “50 percent of greenhouse emissions come from cities. Meanwhile, urbanization is happening faster than ever before in history. It cannot be business-as-usual-models anymore. We need to develop new approaches.”

Oni pointed out that future cities could be transformative if designed to be “cleaner, greener, and fairer,” warning that relying on outdated methods would come at a high cost.

“Are we exploring different ways or still consulting the same people but expecting different outcomes?” she said, adding that “the cost of inaction will be high if cities are not built well and will end up bearing the cost later in a different sector, like the health sector.”

Oni stressed the need for better urban planning and financing, emphasizing intersectoral collaboration. She also called for local action and greater public involvement in decision-making.

“We need to democratize knowledge creation and encourage mainstream participation,” she said, noting that real change can come only through collective effort at every level.


Saudi Arabia, Italy to deepen partnership in multiple fields, including aerospace, security

Saudi Arabia, Italy to deepen partnership in multiple fields, including aerospace, security
Updated 16 October 2024
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Saudi Arabia, Italy to deepen partnership in multiple fields, including aerospace, security

Saudi Arabia, Italy to deepen partnership in multiple fields, including aerospace, security
  • Visit to Leonardo highlights Kingdom’s dedication to enhancing its aviation industry and harnessing global expertise
  • Saudi minister of industry and mineral resources also took part in the ComoLake 2024 Conference

JEDDAH: Saudi-Italian ties in aerospace, defense, and security are set to strengthen as officials from both nations discuss expanding their long-standing partnership in these sectors.

During a meeting held on Oct. 16 in Milan, Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Stefano Pontecorvo, chairman of Leonardo, an Italian multinational company specializing in aerospace, defense, and security, discussed localizing the manufacturing of helicopter components in Saudi Arabia, including aircraft structures, propellers, fins, and electronic flight systems.

Leonardo has maintained a significant presence in the Kingdom for over 50 years, offering various platforms, systems, and services. 

The partnership aligns with Saudi Vision 2030, which seeks to cultivate a strong and diversified economy, with its aviation sector expected to contribute SR11.4 billion ($3.04 billion) to the country’s gross domestic product by 2030.

 

 

Alkhorayef’s visit to Leonardo highlights Saudi Arabia’s dedication to enhancing its aviation industry and harnessing global expertise to achieve its economic objectives, according to the Saudi Press Agency.

By localizing helicopter component manufacturing, the Kingdom aims to create jobs, transfer technology, and develop a domestic supply chain for the aviation industry. 

The initiative is part of a broader effort to strengthen the nation’s capabilities in maintenance, repair, and overhaul services and in producing spare parts for engines, drones, and navigation systems.

Alkhorayef, who commenced a three-day visit to Italy on Oct.14, also met Attilio Fontana, president of the Lombardy region of Italy, to explore the possibility of greater industrial cooperation with a focus on the pharmaceuticals, vaccines, and electric vehicles industries.

The two officials underscored the importance of reinforcing ties, particularly in the industrial and mining sectors, by capitalizing on the robust Saudi-Italian relationship and the engagement of the private sector.

Alkhorayef emphasized the diversification objectives of Vision 2030 and outlined investment opportunities in key sectors, highlighting the competitive advantages available to foreign investors, such as advanced infrastructure and supportive government initiatives.

 

 

The Saudi minister also took part in the ComoLake 2024 Conference, which is being held from Oct. 15 to 18 at the International Exhibition and Congress Center of Villa Erba in Cernobbio, on Lake Como.

In a post on his X account following his involvement in the event, Alkhorayef said: “During my participation in the ComoLake Conference in Italy, I emphasized the significant progress the Kingdom has made in its transformational journey within the industrial and mining sectors.”

He added: “This progress, particularly in digital transformation and advanced manufacturing technologies, has opened new horizons for growth and development across various sectors.”

In his speech, the minister said that Saudi Arabia is committed to enhancing global cooperation in the sector and building effective and close partnerships with international industrial organizations to achieve a more balanced and sustainable future.

“The future and advancement of industry worldwide require fruitful international cooperation. Therefore, the Kingdom is keen on partnering with relevant international entities to share knowledge, technology, and expertise to drive innovation, create job opportunities, and build a more sustainable future for all,” he said.

He explained that the country is undergoing an economic transformation journey, with its ambitious plan for 2030, which serves as a roadmap for diversifying sources of national income.

He said that the topics of the ComoLake 2024 align with several objectives of this vision, particularly those related to innovation, sustainability, and global collaboration.

The minister also said that the Kingdom’s National Industrial Strategy includes targets for adopting applications and technologies of the Fourth Industrial Revolution, focusing on integrating artificial intelligence, automation, and data analytics to enhance efficiency, productivity, and sustainability in the industrial sector.

The strategy, he added, also aims to adopt smart manufacturing technologies to develop the Saudi industry and establish new standards for sustainable industrial practices, reported SPA.

He pointed out that artificial intelligence plays a crucial role in automating industrial facilities in Saudi Arabia, transforming them into smart ones.

The minister said that the mining sector is another key pillar of the Kingdom’s economic transformation, adding that Vision 2030 aims for this sector to serve as a source for diversifying the economy’s income, given that the country possesses abundant reserves of critical minerals, such as gold, phosphate, and rare earth elements, which are vital for the energy transition.

Alkhorayef underscored that the country is keen on achieving sustainability in the industrial sector by relying on clean energy solutions and integrating renewable energy sources into industrial operations to meet the Kingdom’s goal of reaching net-zero emissions by 2060.

He added that Saudi Arabia seeks to contribute to the global transition toward green industries and establish a more sustainable model for industrial growth.

He concluded by inviting participants at the event to attend the International Mining Conference 2025, which will be held in Riyadh in January. The gathering represents an important opportunity for establishing effective partnerships in the mining sector, exploring the quality opportunities it offers, and discussing the latest innovative technologies in operations, with a focus on sustainability solutions.

This year’s edition of the ComoLake gathering featured 150 speakers from 14 countries, including representatives from governments and industrial institutions worldwide. It is designed to foster discussions on current and future digital policies, serving as a platform for institutions, businesses, and universities to engage with and explore the new paradigms of economic growth in Italy and the Euro-Mediterranean region within a multipolar global context.

Alkhorayef also met with Italian Minister of Enterprises and Made in Italy Adolfo Urso. They discussed ways to enhance industrial cooperation between the two countries and boost bilateral investment particularly in the mining sector, SPA reported.

The ministers also explored strategies to boost Saudi exports to Italy, leveraging the services provided by the Saudi EXIM Bank to support this effort.


Closing Bell: TASI climbs 37.04 points to close at 12,038

Closing Bell: TASI climbs 37.04 points to close at 12,038
Updated 16 October 2024
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Closing Bell: TASI climbs 37.04 points to close at 12,038

Closing Bell: TASI climbs 37.04 points to close at 12,038

RIYADH: Saudi Arabia’s Tadawul All Share Index increased on Wednesday, gaining 37.04 points, or 0.31 percent, to close at 12,038.67.

The total trading turnover of the benchmark index was SR7.27 billion ($1.93 billion), with 129 of the listed stocks advancing and 97 declining. 

The Kingdom’s parallel market Nomu increased 59.16 points, or 0.23 percent, to close at 25,978.50.

MSCI Tadawul Index also increased by 3.53 points, or 0.23 percent, to reach 1,507.09.

The best-performing stock of the day was Eastern Province Cement Co., whose share price surged 10 percent to SR37.40.  

The second top performer was Abdullah Al Othaim Markets Co., with its share price soaring by 8.51 percent to SR1.50.  

Other top gainers include East Pipes Integrated Co. for Industry and Riyadh Cement Co., as their share prices increased by 6 percent and 5.43 percent to SR166 and SR29.1.

The worst performer was Al-Baha Investment and Development Co., whose share price dropped by 9.37 percent to SR0.29.   

The second poor performer of the day was Alamar Foods Co., which saw its share price decrease by 2.55 percent to SR80.10.

Other worst performers included Almarai Co. and Arab Sea Information System Co., whose share prices shed by 2.55 percent and 2.30 percent, respectively.

On the parallel market Nomu, First Avenue for Real Estate Development Co., was the top gainer, with its share price surging by 30 percent to SR7.80.

The increase came as the firm disclosed its financial results for the first six months of 2024.

The company’s net profit increased by 21.95 percent to SR31 million, up from SR25.4 million in the same period last year.

The firm said in a bourse filing that the increase was due to the rise in profit margin from revenues received from commissions, development for others, and rentals, in addition to the increase in fair value of some investment properties.

Ladun Investment Co. was the major loser on Nomu, as the company’s share price slipped by 6.44 percent to SR3.63.  


Saudi-Egypt trade surges 35.16% in H1 2024 

Saudi-Egypt trade surges 35.16% in H1 2024 
Updated 16 October 2024
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Saudi-Egypt trade surges 35.16% in H1 2024 

Saudi-Egypt trade surges 35.16% in H1 2024 

RIYADH: Trade between Saudi Arabia and Egypt saw an annual surge of 35.16 percent in the first half of 2024, according to the General Authority of Statistics. 

The increase was driven by a 73.44 percent jump in the Kingdom’s imports from the north African country, totaling $4.18 billion. 

Meanwhile, Saudi exports to Egypt rose 11.38 percent to $4.21 billion, resulting in a trade surplus of $30 million. 

Non-oil exports accounted for 27.08 percent of Saudi shipments to Egypt, down slightly from 31.7 percent a year earlier. Plastics and rubber products dominated this category, representing 53 percent of the total. 

On the import side, mineral products made up 64 percent of goods coming into the Kingdom from Egypt, reflecting the trade focus on industrial and raw materials.  

The growing trade relationship between Saudi Arabia and Egypt underscores the strengthening economic ties and broader regional efforts to foster cooperation in a post-oil era. 

During talks in Cairo on Oct. 15, Saudi Crown Prince Mohammed bin Salman and Egyptian President Abdel Fattah El-Sisi agreed to enhance trade and investment cooperation, signing an agreement to promote and protect mutual investments. They also established a supreme coordination council to deepen bilateral collaboration. 

Saudi Arabia is actively pursuing a transformative economic vision aimed at reducing its dependence on oil revenues, a strategy embedded in its Vision 2030 initiative. 

This ambitious plan seeks to diversify the Kingdom’s economy by bolstering non-oil exports and forging stronger trade ties with regional allies, including Egypt. 

Saudi Arabia has made significant strides in enhancing its investment climate, focusing on creating a robust framework that attracts foreign investors. 

As a result, countries such as Egypt have shown increased interest in investing in the Kingdom, recognizing growth potential in sectors such as technology, tourism, and renewable energy. 

In the second quarter of 2024, Saudi Arabia’s Ministry of Investment issued 789 licenses to Egyptian firms — a 71 percent increase compared to the same period in 2023 — making Egypt the top recipient of investment licenses. 

In an interview with Al-Ekhbariya, Chairman of the Saudi-Egyptian Business Council Bandar Al-Amiri highlighted upcoming projects, including tourism and real estate developments in Egypt worth over $5 billion, alongside various agricultural initiatives and advancements in the nutrition and pharmaceutical sectors. 

He underscored the significance of knowledge exchange to improve food and pharmaceutical production in both countries, addressing the needs of each nation. 

Additionally, Al-Amiri outlined plans to establish Egyptian factories and companies in Saudi Arabia, which, in collaboration with firms in the  Kingdom, would enhance and facilitate entry into neighboring markets. 

The crown prince’s last official visit to Egypt was in 2022, signaling Saudi Arabia’s shift from providing direct financial aid to focusing on investments in its allies.


Global Future Councils meeting in Dubai focuses on AI, environment and governance issues

Global Future Councils meeting in Dubai focuses on AI, environment and governance issues
Updated 16 October 2024
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Global Future Councils meeting in Dubai focuses on AI, environment and governance issues

Global Future Councils meeting in Dubai focuses on AI, environment and governance issues
  • The annual meeting is organised by World Economic Forum and UAE government and runs until Thursday
  • WEF chairman Klaus Schwab underlines importance of staying ‘hopeful about the future’

DUBAI: The 2024 Annual Meeting of the Global Future Councils began in Dubai on Wednesday, bringing together 500 delegates and experts to discuss issues related to artificial intelligence, the environment and governance.

Organized in partnership with the UAE government, the event was opened by Klaus Schwab, chairman of the World Economic Forum, who emphasized the need for humanity to rethink its relationship with nature and to stay hopeful about the future.

“We moved from an agricultural to an industrial world, and now we are at the intelligent age. To have a better future we must believe in one and we must design it,” Schwab said, arguing that the abandonment of hope for a better world is one of the biggest dangers to mankind. 

Schwab said that technology is not inherently a threat but emphasized that global cooperation is essential in setting boundaries, particularly around AI, to address the challenges facing the world.

The meeting, which runs until Thursday, brings together government officials, futurists and experts from public, private, academic and international sectors in 80 countries. The discussions aim to strengthen cooperation and tackle societal challenges.

More than 500 delegates will engage in 30 councils to address opportunities and challenges in five key areas: technology and AI; environment and climate change; governance; economics and finance; and society.

Mohammad Abdullah Al Gergawi, the UAE’s minister of cabinet affairs, echoed Schwab’s optimism, noting that a better future must be built on hope and an understanding of the past.

“We cannot have a better future without understanding the past,” Gergawi said. “We find ourselves surrounded by rapid changes today and some of our convictions under scrutiny.

“We thought as the world becomes more interconnected, conflicts and military confrontations would diminish. We also thought some global institutions were unshakable but they are also under scrutiny. Instead we have increased societal divisions.”

Gergawi stressed that adaptability is key for governments to navigate these shifts. 

“Sustainability and economy can thrive and can be linked to environmental protection. There is no constant in life, governments must remain open to new ideas at the heart of their strategies. Those who master adaptability will master the future,” he said.

The WEF’s Global Future Councils is a network designed to address global challenges through transformative ideas. Its 30 councils, composed of experts from business, government, academia and civil society, aim to generate insights to help address critical global issues.

For the first time, the event features significant private sector participation, with 70 top CEOs from leading global companies offering insights on the future of their respective industries.

The ideas generated at this year’s meeting will contribute to the WEF’s broader mission of fostering cross-sector partnerships to tackle complex global challenges. These discussions will also help shape the agenda for the 2025 annual meeting in Davos and the year-round work of the forum’s 10 centers.

In his speech, Gergawi also addressed the conflicts affecting the Middle East, stressing the importance of moving forward rather than remaining trapped by the region’s past challenges.

“We live in an era where civilizations can change within a few years. The role of governments is to get our society, our education and health sectors ready for the future. We cannot move away and move on from the past that creates conflicts fast enough.”