World must do more to ensure Middle East security, Saudi minister tells Mediterranean Union

World must do more to ensure Middle East security, Saudi minister tells Mediterranean Union
The Saudi deputy foreign minister, Waleed Elkhereiji, spoke at the Union for the Mediterranean’s ninth Regional Forum in Barcelona on Monday about the importance of efforts to enhance regional security. (SPA)
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Updated 29 October 2024
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World must do more to ensure Middle East security, Saudi minister tells Mediterranean Union

World must do more to ensure Middle East security, Saudi minister tells Mediterranean Union
  • Waleed Elkhereiji tells organization’s 9th Regional Forum in Barcelona the region is at a critical crossroads as a result of Israeli aggression in Gaza and Lebanon
  • He says international community has 2 options: act in support of international law and a 2-state solution, or risk further escalation and suffering that will undermine its credibility

BARCELONA: The Saudi deputy foreign minister, Waleed Elkhereiji, spoke at the Union for the Mediterranean’s ninth Regional Forum in Barcelona on Monday about the importance of efforts to enhance regional security, at a time when decisive and practical international action is required to halt a continuous cycle of violence and destruction.

He said the region is at a critical crossroads as a result of Israeli aggression in Gaza and Lebanon, which presents the international community with two options: to act effectively in support of international law and to reinforce the need for a two-state solution to the wider Israeli-Palestinian conflict, or to risk further escalations and deeper suffering that undermines the credibility of international efforts to maintain peace and security in the region.

Elkhereiji highlighted the severe nature of the humanitarian crises in Palestine and Lebanon, which he said were unbearable. He condemned Israel’s systematic targeting and forced displacement of innocent civilians, and the deliberate destruction of buildings and infrastructure, as blatant violations of international humanitarian law that continue to take place without any accountability or punishment.

He reiterated the strong condemnation by authorities in the Kingdom of attacks by Israeli forces against civilians and employees of the UN and other organizations, including the UN Relief and Works Agency and the UN Interim Force in Lebanon.

He said Saudi Arabia rejects any expansion of illegal settlements in the West Bank, or actions by Israel that affect the legal and historical status of Jerusalem, and calls for an end to such activity to avoid prolonging the cycle of violence and destruction.

The minister said verbal condemnation is no longer sufficient in efforts to deter further violence, as he called for bolder and more decisive action from the international community. To that end, he said the Kingdom looks forward to hosting the first high-level meeting of the Global Coalition for the Two-State Solution in Riyadh on Oct. 30.

Elkhereiji said securing the implementation of a two-state solution is a collective international responsibility and offers the only viable path to a lasting peace, through recognition of the right of the Palestinian people to self-determination and an independent state.

This, he added, is a fundamental condition for ensuring stability in the region. He said the Kingdom remains committed to working with its partners to ensure such a solution does not remain a distant aspiration but becomes a tangible reality in the near future.


Saudi Arabia’s NEOM gigaproject a ‘generational investment,’ minister says

Saudi Arabia’s NEOM gigaproject a ‘generational investment,’ minister says
Updated 26 November 2024
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Saudi Arabia’s NEOM gigaproject a ‘generational investment,’ minister says

Saudi Arabia’s NEOM gigaproject a ‘generational investment,’ minister says
  • The world’s top oil exporter has poured hundreds of billions of dollars into development projects through the kingdom’s $925 billion sovereign fund

RIYADH: Saudi Arabia’s NEOM gigaproject, a futuristic region being built in the desert, is a “generational investment” with a long timeline, the country’s investment minister told Reuters on Monday, adding that foreign investment will pick up pace.
“NEOM was not meant to be a two-year investable opportunity. If anybody expected NEOM to be foreign investment in two, three or five years, then they have gotten (it) wrong — it’s a generational investment,” Minister Khalid Al-Falih said on the sidelines of the World Investment Conference in Riyadh.
“The flywheel is starting and it will gain speed as we go forward, as some of the foundational assets come to the market,” he said.
The world’s top oil exporter has poured hundreds of billions of dollars into development projects through the kingdom’s $925 billion sovereign fund, the Public Investment Fund (PIF), as it undergoes an economic agenda dubbed Vision 2030 to cut dependence on fossil fuels.
NEOM, a Red Sea urban and industrial development nearly the size of Belgium that is meant to eventually house 9 million people, is central to Vision 2030. Saudi Arabia has scaled back some lofty ambitions to prioritize completing elements essential to hosting global sporting events over the next decade as rising costs weigh, sources told Reuters earlier this month. NEOM announced this month its long-time chief executive, Nadhmi Al-Nasr, had stepped down, without giving further details.
Asked what effect the departure would have on investors, the minister said the executive had done “a respectable job” but that “there is a time for everybody to pass on the baton.”
Asked if PIF will continue to do much of the spending on NEOM until more foreign funds come in, Al-Falih said it was not binary.
“I think foreign investors are starting to come to NEOM, they’re starting to channel capital. Some of the projects that the PIF will be doing will be financed through global capital pools, through some alternative and private capital. That’s taking place as we speak,” he said.
“So I urge you not to look at NEOM as being 100 percent PIF and then suddenly there will be a cliff and it will go private.”
Saudi Arabia, which is racing to attract $100 billion in annual foreign direct investment by the turn of the decade — reaching about a quarter of that in 2023 — has recently seen more co-investment deals between state entities and foreign investors.
“It’s always been the intent,” Al-Falih said of foreign inflows alongside state funds.
He noted that foreign investors were at times “still looking, still examining, still sometimes questioning,” but that now there was confidence in the profitability of investment opportunities and that “the risk-return trade-offs are very, very fair and positive to them.”


Saudi crown prince extends condolences to Kuwaiti counterpart on death of Sheikh Mohammed Abdulaziz Al-Jarrah Al-Sabah

Saudi crown prince extends condolences to Kuwaiti counterpart on death of Sheikh Mohammed Abdulaziz Al-Jarrah Al-Sabah
Updated 26 November 2024
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Saudi crown prince extends condolences to Kuwaiti counterpart on death of Sheikh Mohammed Abdulaziz Al-Jarrah Al-Sabah

Saudi crown prince extends condolences to Kuwaiti counterpart on death of Sheikh Mohammed Abdulaziz Al-Jarrah Al-Sabah

RIYADH: Saudi Crown Prince Mohammed bin Salman sent a cable of condolences to Kuwaiti Crown Prince Sheikh Sabah Khaled Al-Hamad Al-Sabah on the passing of Sheikh Mohammed Abdulaziz Hamoud Al-Jarrah Al-Sabah.
In the cable, the crown prince extended his deepest sympathy to Sheikh Sabah and the family of the deceased.


Saudi tech diplomat meets Iraqi PM to discuss digital cooperation

Saudi tech diplomat meets Iraqi PM to discuss digital cooperation
Updated 25 November 2024
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Saudi tech diplomat meets Iraqi PM to discuss digital cooperation

Saudi tech diplomat meets Iraqi PM to discuss digital cooperation
  • Deemah Al-Yahya, head of the multilateral Digital Cooperation Organization, commended Iraq’s investment in human capital as driver for growth and expansion of digital economy
  • Iraq has been working in recent years to develop a strategy for digital transformation to help support the private and public sectors and grow the economy

RIYADH: Saudi senior tech diplomat Deemah AlYahya, the secretary-general of the multilateral Digital Cooperation Organization, held talks on Monday with Iraq’s prime minister, Mohammed Shia Al-Sudani, about support for Baghdad’s plans to develop its digital business and artificial intelligence sectors.

They discussed Iraq’s strategy for digital transformation, and the need to create and develop a workforce with the tech skills required to help grow the Iraqi economy effectively, the Saudi Press Agency reported.

Though Iraq is not a member of the DCO, an international body that focuses on the digital economy, Al-Sudani said his country is keen to work with the organization to meet the nation’s needs for a skilled workforce in the business sector.

AlYahya commended Iraq for the progress it has already made in terms of investment in the human capital needed to develop the digital skills that are essential to drive growth in a digitized economy.

Iraq has been working in recent years to develop a strategy for digital transformation to help support the private and public sectors and grow the economy. Authorities this month organized the first Digital Space Iraq Forum, which focused on the use of advanced technologies, including AI, to help build a comprehensive digital economy.

The DCO says that since it was founded in November 2020, it has been at the forefront of efforts to curate policies and initiatives to support the digital economy in several countries. Currently, 16 nations are members, including Saudi Arabia, Jordan, Pakistan, Bahrain, Bangladesh and Oman. It also has 39 observer partner organizations.

DCO member states have a collective gross domestic product of $3.5 trillion and serve a combined market of nearly 800 million people, more than 70 percent of whom are under the age of 35.


Saudi FM pushes for regional stability at G7-Arab foreign ministers meeting

Saudi FM pushes for regional stability at G7-Arab foreign ministers meeting
Updated 25 November 2024
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Saudi FM pushes for regional stability at G7-Arab foreign ministers meeting

Saudi FM pushes for regional stability at G7-Arab foreign ministers meeting
  • In his address, Prince Faisal highlighted the ongoing crises in Gaza and Lebanon

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan took part in an expanded session of the second meeting between G7 foreign ministers and their counterparts from Arab nations on Monday, the Saudi Press Agency reported.

The meeting was hosted in Italy under the theme “Together for the Stability of the Middle East.”

The session, which addressed pressing regional and international challenges, was held with the participation of Saudi, Jordanian, Emirati, Qatari and Egyptian officials, as well as the secretary-general of the Arab League.

In his address, Prince Faisal emphasized the importance of strengthening partnerships to address these challenges effectively.

He highlighted the ongoing crises in Gaza and Lebanon, urging the international community to act immediately to secure a ceasefire, facilitate unrestricted humanitarian aid, and progress toward establishing an independent Palestinian state.

He also called for respect for Lebanon’s sovereignty, and renewed international efforts to resolve the crisis in Sudan and alleviate the resulting human suffering.

The meeting was also attended by Prince Faisal bin Sattam bin Abdul Aziz, Saudi ambassador to Italy, the SPA reported.


Scientists awarded for sustainable water innovation at Saudi conference

Scientists awarded for sustainable water innovation at Saudi conference
Updated 25 November 2024
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Scientists awarded for sustainable water innovation at Saudi conference

Scientists awarded for sustainable water innovation at Saudi conference
  • Research aims to improve desalination efficiency
  • Makkah’s deputy emir in attendance

JEDDAH: Scientists were awarded prizes for their work in researching desalination and wastewater treatment technologies during an event in Jeddah on Monday.

The third edition of the Innovation-Driven Water Sustainability Conference was attended by 480 experts, scientists, researchers, specialists and 40 leading organizations in the water sector, from 20 countries.

The grand prize — the Global Prize for Innovation in Desalination 2024 — went to Lee Nuang Sim from Singapore’s Nanyang Technological University for his project “uncovering the power of centrifugal reverse osmosis,” and Sue Mecham, CEO of NALA Membranes, for her project “chlorine stable new membranes for sustainable desalination and wastewater treatment/reuse.”

Visitors attend the third Innovation-Driven Water Sustainability Conference in Jeddah on Nov. 25, 2024. (Supplied)

Mecham, from North Carolina, US, spoke to Arab News after receiving her award, saying: “We are honored to be selected for the Global Prize for Innovation in Desalination 2024. Our mission is to bring new membranes to market and reduce the cost and complexity of water purification.”

Meanwhile, Saudi Ghadeer Al-Balawi from the University of Tabuk was another one of this year’s prizewinners with her project “novel heterogeneous catalysts for improving wastewater treatment plants in Saudi Arabia.”

Al-Balawi told Arab News: “I am incredibly honored to be one of the recipients of the Global Prize for Innovation in Desalination 2024. This recognition means so much to me. This project has been conducted at the University of Sheffield with hard work and dedication with the assistance of my supervisor, Dr. Marco Conte.”

The event’s opening ceremony was attended by Makkah Deputy Emir Prince Saud bin Mishal and Minister of Environment, Water and Agriculture Abdulrahman Abdulmohsen Al-Fadley, as well as other senior officials.

Following the opening, Abdullah Al-Abdulkarim, chairman of the Saudi Water Authority, said that the event reflects the Kingdom’s commitment to promoting scientific and research innovation as a pillar for achieving water sustainability and security.

Through the conference, the SWA aims to share the impact of innovation in promoting the sustainable supply of water, according to SWA spokesperson Sultan Al-Rajhi.

“This conference discusses the latest global practices and innovative solutions in the water industry, with the participation of experts, scientists and specialists, who emphasize the pivotal role of innovation in accelerating the future prosperity of water and achieving the Sustainable Development Goals for water and the environment,” he said.

The two-day conference will continue to feature discussions on more than 180 research papers, as well as a water hackathon organized by the Saudi Water Innovation Center.