Saudi Fund for Development signs two agreements in Kyrgyzstan

Sultan bin Abdulrahman Al-Marshad and Almaz Baketaev signed two agreements on soft development loans worth $130 million. (SPA)
Sultan bin Abdulrahman Al-Marshad and Almaz Baketaev signed two agreements on soft development loans worth $130 million. (SPA)
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Updated 26 April 2023
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Saudi Fund for Development signs two agreements in Kyrgyzstan

Saudi Fund for Development signs two agreements in Kyrgyzstan
  • The signing ceremony was held on Monday in the Kyrgyz capital, Bishkek

BISHKEK: The Saudi Fund for Development, represented by its CEO, Sultan bin Abdulrahman Al-Marshad, signed two agreements today in the Kyrgyz capital, Bishkek, with the Kyrgyzstan Minister of Finance Almaz Baketaev, through soft development loans worth $130 million funded by the Saudi Fund for Development. The signing ceremony was attended by Saudi Deputy Ambassador to the Kyrgyz Republic Saad Al-Dhawayan and several officials from both sides.
The first agreement involves financing the construction of 3,000 housing units covering an area of about 255,000 square meters through a soft development loan of $100 million. The project aims to enhance the livelihoods of low-income families in Kyrgyzstan. The second agreement contributes to the financing of the Taraz-Talas Road Project (Phase 4), which aims to reconstruct 93 km of road to improve safety, reduce traffic accidents, and enhance the quality of the road. This $30 million project is jointly financed by several Arab Coordination Group funds.
The SFD CEO stressed: “These development agreements are an extension of the developing relationship between the Saudi Fund for Development and the Republic of Kyrgyzstan that spans over more than 12 years, as the government of the Kingdom of Saudi Arabia attaches great importance to supporting the development sectors in the Republic of Kyrgyzstan through development projects and programs financed by the Saudi Fund for Development that aim at achieving sustainable development goals.”

He pointed out that the two agreements will contribute to achieving social growth, development and economic prosperity in the country, adding: “The Taraz-Talas Road project reflects the importance of partnership and cooperation between development funds, to finance vital projects that contribute to achieving real and tangible benefits for developing peoples and societies, in order to support sustainable development goals.”

Bakitayev expressed his gratitude to the Kingdom for supporting the various development sectors in Kyrgyzstan through the SFD to finance vital projects and programs, explaining the importance of the two signed agreements and their impact on Kyrgyzstan and its people by contributing to achieving social stability and improving infrastructure. He praised the development efforts made by the Kingdom through the SFD since 2011 in order to achieve sustainable growth in Kyrgyzstan.

Since 2011, the SFD has provided 10 soft development loans to Kyrgyzstan to finance development projects and programs with a value of up to $330 million, in addition to a generous grant from the Kingdom with an estimated value of $4 million to contribute to the growth and prosperity of Kyrgyzstan.

 


Saudi FM Saudi meets US Senate Republican

Saudi FM Saudi meets US Senate Republican
Updated 08 December 2023
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Saudi FM Saudi meets US Senate Republican

Saudi FM Saudi meets US Senate Republican

RIYADH: Saudi Foreign Minister Prince Faisal bin Farhan met with US Senator Lindsey Graham, the foreign ministry said.
Prince Faisal stress the necessity of a ceasefire to bring the killing to an end and to avoid a further escalation that could have dangerous repercussions for regional security.
The Saudi diplomat discussed the situation in Gaza with the Republican politician and stressed that all efforts be made to ensure that humanitarian relief corridors  be secured to ensure the safe delivery of aid.
Israel is conducting a deadly assault on the enclave, which Palestinian officials said has killed 17,000 people.  Israel has vowed to eradicate the Hamas militant group that attacked settlements near Gaza on Oct. 7, which resulted in 1,200 people being killed and around 240 hostages taken.
Prince Faisal also discussed with Graham the need to create conditions for the return of stability to Gaza and the restoration of a path to peace to ensure that Palestinian people obtain their legitimate rights.
The meeting was also attended by Saudi ambassador to the US Princess Reema bint Bandar.


International Philosophy Conference begins in Riyadh

International Philosophy Conference begins in Riyadh
Updated 08 December 2023
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International Philosophy Conference begins in Riyadh

International Philosophy Conference begins in Riyadh
  • Mohammed Alwan: “In light of a world that has become full of this relativism, and crowded with means and mechanisms of communication, the urgent need appears to be to study the philosophical meanings behind transcultural values

RIYADH: The third Riyadh International Philosophy Conference, which is organized by the Literature, Publishing and Translation Commission, began in Riyadh on Thursday and runs until Dec. 9.

Boasting the theme “Transcultural Values and Ethical Challenges in the Communicative Age,” the event has broad participation from specialists in philosophy and those interested in its modern applications.

This time the conference seeks to examine and discuss the mutual relationship between cross-cultural values and the ethical issues associated with them in light of the communicative world with its new conditions.

It also aims to explore the ways in which different cultures can interact and communicate, while at the same time preserve their unique values and identities.

It will also discuss issues from an original philosophical perspective, examining the reflection of human values on the nature of current philosophical perceptions, and exploring the depths of philosophy and its ability to address various cross-cultural issues and values through its multiple paths.

Mohammed Alwan, CEO of the commission, said at the opening of the conference: “In light of a world that has become full of this relativism, and crowded with means and mechanisms of communication, the urgent need appears to be to study the philosophical meanings behind transcultural values.

“This is in addition to insight into the reflection of these meanings on our lives, and on interaction and exchange between one culture and another, in a way that achieves a sublime scientific renaissance and builds the foundations of cooperation and solidarity between the scientific and academic communities towards a bright human future.”

He added that the conference presented the sciences of philosophy to be accessible to everyone, bringing together those seeking knowledge, old and young, academics and amateurs, to present philosophy to them in various forms.

He said: “This comes as part of a series of innovative activities that showcase the essential presence of philosophy in culture, arts, and daily life. Here are our children, the philosophers of tomorrow, children and adolescents, as guests of rich programs designed especially for them.

“The Kingdom of Saudi Arabia is full of promising research and intellectual potential, and the annual Riyadh International Philosophy Conference is a pioneering step to support these remarkable capabilities, in order to achieve the nation’s scientific and intellectual leadership, and knowledge exchange between it and the world.”

The conference, which has been held annually in Riyadh since 2021, seeks to build strategic partnerships with all concerned parties from the governmental, private and non-profit sectors, in addition to building bridges between them based on common intellectual and cognitive foundations.

In addition to creating an annual dialogue space through which developments in the science of philosophy and its modern applications are discussed, it provides multidimensional and multi-horizon philosophical content directed at all societal groups.

It also aims to build a communication bridge between institutions active in the field of philosophy in different countries of the world, and to advance scientific and academic research.

 

 


Saudi Arabia, France discuss economic cooperation, global aid

Saudi Arabia, France discuss economic cooperation, global aid
Updated 08 December 2023
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Saudi Arabia, France discuss economic cooperation, global aid

Saudi Arabia, France discuss economic cooperation, global aid
  • KSrelief, business and trade officials hold talks with visiting French parliamentarians, industry leaders
  • 40 French and 90 Saudi Arabian companies participate in Riyadh conference

RIYADH: Leading government and business representatives from Saudi Arabia and France held discussions on economic cooperation, global aid initiatives and human rights at a conference in Riyadh on Wednesday.

Dr. Abdullah Al-Rabeeah, supervisor-general of the Kingdom’s aid body KSrelief, briefed Amelia Lakrafi, chair of the French-Saudi Parliamentary Friendship Committee, on the nation’s efforts worldwide.

Al-Rabeeah, who is also an adviser at the royal court, said KSrelief has implemented 2,625 projects in 94 countries worth over $6 billion, and spent a further $483 million in various sectors, in cooperation with 175 international, regional and local partners, the Saudi Press Agency reported.

Meanwhile, the Kingdom’s Human Rights Commission President Dr. Hala bint Mazyad Al-Tuwaijri, had discussions with Lakrafi and her delegation on ways to improve cooperation.

Officials from Saudi Arabia’s National Industrial Development and Logistics Program also held talks with French representatives at the conference titled “France 2030 and Vision 2030: Toward Energy and Industry Transformation.”

The conference — attended by Industry and Mineral Resources Minister Bandar AlKhorayef and France’s Ambassador Ludovic Pouille — showcased over 40 French companies, 16 governmental entities from both sides, and 90 Saudi Arabia firms.

The expanded collaboration between Saudi Arabia and France will include skills training and support for startups.


Saudi and US defense ministers discuss ties during call

Saudi and US defense ministers discuss ties during call
Updated 08 December 2023
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Saudi and US defense ministers discuss ties during call

Saudi and US defense ministers discuss ties during call
  • During the call, they discussed ways to strengthen bilateral relations in the defense field

RIYADH: Saudi Arabia’s Minister of Defense Prince Khalid bin Salman has received a phone call from US Secretary of Defense Lloyd Austin, the Saudi Press Agency reported on Thursday.

The parties discussed ways to strengthen bilateral relations in defense matters.

Prince Khalid later said in a post on X: “We reviewed the defense relations between our two countries and discussed the latest regional and international developments.”

Prince Khalid traveled to Washington last month to meet with top Biden administration officials to discuss the war in Gaza and the prevailing security situation in Yemen.


How Saudi Arabia’s green initiatives seek to advance sustainability goals of water-starved Middle East

How Saudi Arabia’s green initiatives seek to advance sustainability goals of water-starved Middle East
Updated 07 December 2023
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How Saudi Arabia’s green initiatives seek to advance sustainability goals of water-starved Middle East

How Saudi Arabia’s green initiatives seek to advance sustainability goals of water-starved Middle East
  • Up to 83 percent of MENA population found to be experiencing water scarcity owing to impact of climate change
  • Most Saudi consumers consider government leaders more concerned than business counterparts about water shortage and climate change

DUBAI: The global research nonprofit World Resources Institute says approximately 83 percent of the population in the Middle East and North Africa region faces water stress owing to the impact of climate change.

Despite being judged the globe’s richest country in terms of natural resources, Saudi Arabia is one of the world’s most water-scarce countries. While the global benchmark for absolute water scarcity is 500 cubic meters per capita annually, Saudi Arabia’s availability is only 89.5 cubic meters.

As long-term shifts in temperatures and weather patterns cause water bodies to dry up, Saudi Arabia and its neighbors face a common challenge, that of providing their citizens and residents a reasonably good standard of living in the world’s most arid region.

In efforts to drive change, Saudi Arabia is taking a leading role in global forums, leveraging its influence at the G20 intergovernmental forum and the Clean Energy Ministerial to highlight not only environmental concerns but also regional expertise.

Nowhere is that more evident than at the ongoing UN Climate Change Conference, or COP28, in Dubai where Jean-Francois Gagne, head of the secretariat at the Clean Energy Ministerial, stressed the importance of regional coordination in advancing ambitions to address climate change.

About 53 percent of Saudi consumers listed clean and safe water as a significant environmental concern. (AFP)

“Saudi Arabia has the advantage of being at the G20 table, allowing it to play a leadership role in bringing regional knowledge and environmental concerns to the international table. This is crucial because we need all regions of the world to move forward together,” Gagne previously told Arab News.

“When you have regional champions, it really helps making sure that there’s no one that gets left behind in terms of advancing our clean energy goals.”

In parallel, there has been a noticeable change in the Saudi public’s perception of the challenges posed by climate change in recent times.

The Ecolab Watermark Study, a global survey that measures consumers’ perception of water across 15 countries, indicates a high level of awareness by Saudi consumers, and both concern and optimism about overcoming climate challenges.

According to the study, which was launched in 2023, about 53 percent of Saudi consumers listed clean and safe water as a significant environmental concern, while 80 percent agreed that water scarcity can be effectively addressed.

Saudi Arabia currently relies heavily on groundwater and desalination plants to meet its water needs. (AFP)

“Saudi consumers are correct, and with a combination of strategies across government, business and industry, and adoption of smart water technologies, the management, conservation and security of water can be meaningfully addressed,” said Stefan Umiastowski, Ecolab’s senior vice president and market head of India, Middle East, Africa.

Saudi Arabia currently relies heavily on groundwater and desalination plants to meet its water needs, and with its fast-growing population and rapid industrial growth, demand is increasing.

Umiastowski pointed out that with the continued decline in groundwater levels and increased pressure on existing resources, an eventual water crisis cannot be ruled out.

“The good news is that sustainable water management practices and solutions are available and can be implemented quickly and effectively,” he told Arab News.

The Ecolab study found that despite a significant majority of consumers believing that water scarcity can be addressed, around 74 percent of them feel that businesses and manufacturers need clearer guidance and plans.

In fact, approximately three-quarters of Saudi consumers perceive government leaders as more concerned than business and nonprofit leaders about the necessity for water conservation and climate change.

“This insight on water stewardship from a consumer perspective indicates the need for both urgent and more visible action by business and industry to increase sustainability measures,” Umiastowski said.

Batoul Almutab, environmental, social and governance expert, and founder of Incora Consultancy, says there are indications of a change in how Saudi consumers view climate change as the Kingdom actively works to increase awareness and advocate for sustainable behaviors.

Almutab says this commitment is evident in the education system, where children are learning about sustainable practices as part of the nationwide school curriculum. She also believes that the younger generation of Saudis is far more likely to purchase items from brands that prioritize sustainability.

“In fact, 62 percent of Gen Z shoppers opt for sustainable brands, with 73 percent willing to spend more for sustainable products,” she told Arab News.

“While we have yet to have a collective cultural awakening, the generations to come will spearhead this shift.”

Despite the many initiatives aimed at addressing the question of water scarcity in Saudi Arabia, Almutab believes there is room for improvement.

Effective and sustainable water and waste management will be a significant step forward in addressing key environmental issues, said Daymion Jenkins. (AFP)

“The country is one of the most water-scarce countries in the world. It has both limited freshwater resources and high consumption rates,” she said.

She lists the primary causes of water scarcity in the Kingdom as rapid population growth, increased urbanization and extensive agricultural activities, which have all put a strain on available sources.

Fortunately, according to Umiastowski, water consumption can be reduced, reused, made more efficient and better secured.

“From consumer, to business, to industry, to government, actions and solutions are possible. Awareness is certainly increasing, and implementation has started, but needs to be accelerated quickly,” he said.

Saudi Arabia’s Crown Prince Mohammed bin Salman announced in September this year plans for the Kingdom to establish a global water organization based in Riyadh.

This initiative demonstrates the Kingdom’s dedication to worldwide cooperation in addressing water scarcity issues and advocating for responsible management practices.

Saudi Arabia has also made significant commitments to addressing global water supply challenges. The Saudi Authority for Industrial Cities and Technology Zones has launched the Voluntary Commitment to Water Sustainability initiative, which is aligned with the country’s focus on enhancing water security for economic and social progress.

“These initiatives send clear signals that Saudi Arabia is dedicated to tackling domestic water security challenges, and leaning on global lessons learned about how to effectively manage the source and quality of groundwater supplies, to ensure resilience in a period of rapid social and economic growth,” Daymion Jenkins, director of earth and environment at Canadian consulting firm WSP’s Middle East branch, told Arab News.

The Water Act, part of Saudi Vision 2030, also sets out a range of key actions to address challenges. This includes central ownership and licensing for the use and exploitation of water resources, as well as the preparation of a national strategy and emergency management plan for supply.

“As these policies and guidance develop, there will be a coherent plan to managing the risks associated with water integrity and supply. There is significant technical work required to develop these strategies, which are critical to address potential water scarcity in the Kingdom,” said Jenkins.

Saudi Arabia has also made significant commitments to addressing global water supply challenges. (AFP)

He points out that at least 40 percent of Saudi Arabia’s water supply comes from groundwater, and in certain instances the reliability of these sources is critical.

Moreover, excessive extraction of groundwater could diminish their yield, causing problems for regions heavily dependent on this scarce resource to meet the needs of densely populated urban areas, agricultural lands and industrial zones.

“Aquifers, which store and supply these groundwater sources, include shallow water bodies which have the capacity to recharge, and ‘fossil’ water supplies, which are isolated within deep geology and are finite resources,” said Jenkins.

INNUMBERS

• 89.5 cubic meters Saudi Arabia’s water availability per capita annually.

• 53% Saudi consumers see water scarcity as a concern.

• 73% Gen Z shoppers willing to spend more on sustainable brands.

A good case in point is Saudi Arabia’s northeast, he said, where water supply mainly comes from groundwater.

A fuller understanding of these aquifer systems and the implementation of effective management practices will contribute significantly to aligning extraction rates with recharge rates from elevated areas, he said. This alignment would, in turn, sustain their long-term viability and positively impact overall water security, he added.

In this context, Jenkins says it is important to note that waste management forms the foundation of many environmental initiatives.

80 percent of Saudis agreed that water scarcity can be effectively addressed. (AFP)

Programs aimed at reduction, recycling, efficient utilization of waste for green energy generation, and the promotion of a circular economy, where materials are reused beneficially, are crucial components of this agenda.

“Saudi Arabia has stated objectives to divert 82 percent of waste from landfill, with significant recycling, composting and waste-to-energy targets,” he said. Effective and sustainable water and waste management will be a significant step forward in addressing key environmental issues, he added.

All things considered, there is little doubt that Saudi Arabia’s government is actively pursuing multiple measures and unconventional initiatives to combat water scarcity.

These efforts encompass stringent regulations and standards governing usage, the promotion of applicable technologies and practices, and substantial investments in research and development aimed at fostering innovative solutions for water management.

“Saudi Arabia has the right tools to address the water scarcity problem effectively,” Umiastowski said. “And with continued investment in research and innovation, public awareness and education, and collaboration with international expertise, it can become more water secure.”