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COP16: º£½ÇÖ±²¥ vows to intensify action to tackle drought, land degradation

COP16: º£½ÇÖ±²¥ vows to intensify action to tackle drought, land degradation
Abdulrahman Al-Fadli, the Kingdom’s minister of environment and COP16 president. Screenshot
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Updated 02 December 2024

COP16: º£½ÇÖ±²¥ vows to intensify action to tackle drought, land degradation

COP16: º£½ÇÖ±²¥ vows to intensify action to tackle drought, land degradation

RIYADH: º£½ÇÖ±²¥â€™s incoming COP16 president vowed to work with the international community to tackle drought and desertification on the first day of a UN conference in Riyadh.

Abdulrahman Al-Fadli, the Kingdom’s minister of environment, used his speech at the event – being held from Dec. 2 to 13 under the theme “Our Land. Our Future†– to reflect on the challenges facing the global community.

Outgoing COP15 president, Côte d'Ivoire’s Alain-Richard Donwahi, handed over leadership of the UN Convention to Combat Desertification with a call for continued urgency, while Ibrahim Thiaw, executive secretary of the UNCCD, warned that close to 40 percent of the planet’s surface is affected by land degradation. 

Al-Fadli said he was “honoured†to have been elected president, adding: “We look forward to intensifying action under this convention to face the challenges and promote integration between various international environment organizations.â€Â 

Reflecting on the challenges ahead, he emphasized the Kingdom’s commitment to combating desertification, adding: “The Middle East is one of the regions most impacted by land degradation, drought, and desertification. We seek to address environmental challenges in partnership with the international community.â€Â 

The environment minister highlighted Vision 2030 as a cornerstone for the Kingdom’s green agenda, saying: “Protecting the environment and natural resources is essential for achieving sustainable development and quality of life.â€

º£½ÇÖ±²¥â€™s environmental commitment  

Al-Fadli detailed the Kingdom’s objectives, including the Saudi Green Initiative, which aims to restore 40 million hectares of degraded land and increase national reserves by 30 percent by 2030.  

He added: “We have established initiatives and programs to limit pollution, develop vegetation cover, and improve waste management and meteorological services.â€Â 

Addressing broader approaches, Al-Fadli highlighted that º£½ÇÖ±²¥ has adopted the National Environment Strategy and established a fund for environmental causes, as well as five specialized centers. 

He underlined efforts in renewable energy: “We aim to ensure more than 50 percent of our energy mix comes from renewable sources by 2030, reducing carbon emissions significantly.â€Â 

Global and local perspectives 

Mayor of Riyadh Faisal bin Abdul Aziz bin Ayyaf highlighted the interconnected nature of environmental challenges, saying: “No country or city can address these challenges alone. Through international cooperation and collective work, we can find innovative solutions to restore our land and develop our cities.â€Â 

He added: “We coordinate initiatives to ensure Riyadh can be a model for the world.â€Â 

Amina Mohammed, deputy secretary-general of the UN, called for urgent global action, particularly around strengthening international cooperation on land degradation, ramping up restoration work, and mobilizing finance at scale. 

“Land sustains us, and we are destroying it. Action cannot wait,†she said. 




Amina Mohammed, deputy secretary-general of the UN. Screenshot

Outgoing president’s reflections 

COP15 president Donwahi praised º£½ÇÖ±²¥â€™s capability to continue the battle against land degradation, saying there is no doubt in the Kingdom’s ability to  “elevate our shared legacy even further†as it stands at the forefront of challenges such as sandstorms and drought. 

Stressing the ongoing nature of the mission, he said: “We have remained optimistic. However, the situation remains urgent. We must go further and faster.â€Â 

Donwahi acknowledged the progress made by previous COPs, particularly the inclusion of youth, saying: “For the first time, we have appointed a special youth envoy, a strong symbolic gesture that demonstrates our commitment to young people.â€Â 

International collaboration 

Ibrahim Thiaw, executive secretary of the UNCCD, used his speech to warn that close to 40 percent of the planet’s surface is affected by land degradation. 

“This disease is progressing at a terrifying pace,†he added. 

Thiaw expressed his “deepest gratitude†to º£½ÇÖ±²¥ for its “vision in elevating the global land restoration and drought resilience agenda.â€Â 

The conference also looked ahead to COP17 in Mongolia, with Prime Minister Luvsannamsrain Oyun-Erdene expressing his country’s readiness.


How ecotourism is growing and attracting investment in º£½ÇÖ±²¥

How ecotourism is growing and attracting investment in º£½ÇÖ±²¥
Updated 18 October 2025

How ecotourism is growing and attracting investment in º£½ÇÖ±²¥

How ecotourism is growing and attracting investment in º£½ÇÖ±²¥
  • Kingdom aims to tap into a global market expected to hit $901 billion by 2026

JEDDAH: Ecotourism has gained significant traction in recent years as more people become aware of the environmental impact of their travel choices.

The growing trend of ecotourism presented a unique opportunity for investors to not only profit but also contribute to sustainable development and conservation efforts.

Additionally, the market is expanding across all regions, driven by rising environmental awareness and government-backed sustainability initiatives.

According to Global Growth Insights, the market size was valued at $629.85 billion in 2024, projected to reach $753.43 billion in 2025, and expected to climb to $901.25 billion by 2026.

Interestingly, Middle Eastern countries are emerging as key destinations for luxury ecotourism and desert conservation experiences. Among those nations is º£½ÇÖ±²¥.

Cave resorts in Al-Baha's Shada Al-Asfal Mountain are emerging as favorite destinations in the southwestern region's tourism destinations. (SPA)

Through Vision 2030, the Kingdom is investing in sustainable tourism mega-projects and ecotourism. Sustainable tourism has emerged as a significant segment within º£½ÇÖ±²¥â€™s vast tourism industry, given its importance and impact.

Over the past few years, there has been increasing interest in º£½ÇÖ±²¥, much of it attributed to the Kingdom’s diverse eco-tourist destinations.

Indeed, º£½ÇÖ±²¥ recognizes the potential of ecotourism and is working to become the region’s destination of choice.

Farasan islands in Jazan region is one of the Kingdom's favorite ecotourism destinations. (SPA file photo) 

With its vast and varied landscapes, the Kingdom has several high-priority regions, including Asir and Jazan in the south and the Red Sea islands in the west. If all goes well, ecotourism is projected to contribute to the Kingdom’s target revenue of $133 billion in tourism by 2030.

From initiatives to preserve natural landscapes to projects to repopulate regions with native wildlife, the country is gearing up to open its doors to a world of nature lovers and travelers seeking the next breathtaking ecotourism spot.

Opinion

This section contains relevant reference points, placed in (Opinion field)

Speaking to Arab News during the 27th session of the Near East Forester and Range Commission, Hoda Al-Bugami, general director of investment at the Saudi National Center for Vegetation Cover Development and Combating Desertification, said that there are numerous investment opportunities within the center’s plan to enhance environmental sustainability and open new horizons for natural tourism in the Kingdom.

“Ecotourism is a promising sector growing at a rate of 3-5 percent annually. Consider the camping and caravan market in national parks, which represents a vital economic sector with annual spending estimated at approximately $48 billion,†Al-Bugami said.

 Sustainable tourism has emerged as a significant segment within º£½ÇÖ±²¥â€™s vast tourism industry, given its importance and impact. (Supplied)

In addition, she noted that direct ecotourism spending in Canada amounts to $7.5 billion, while annual nature tourism spending in Europe reaches $40 billion.

She added: “The center works to prepare sites in several aspects, including protecting vegetation cover and preventing environmental violations such as logging and overgrazing, developing natural resources and biodiversity, and creating natural environments and habitats.

“All of these factors attract investors, offering seasonal investment opportunities of up to three months and long-term investment opportunities that provide flexibility for investments of up to 25 years.â€

DID YOU KNOW?

• Ecotourism can help reduce people’s negative impact on the environment through raising their awareness and appreciation for nature.

• The IUCN defines ecotourism as environmentally responsible visits to relatively undisturbed natural regions to enjoy and appreciate nature.

• Tourism is a billion-dollar industry, and many countries are investing in it, including countries in Europe as well as Australia.

She also affirmed that investment in ecotourism within º£½ÇÖ±²¥â€™s natural reserves strengthens the economy, bolsters local communities, and aligns with the strategic vision for a sustainable green economy.

“Forests and rangelands are the backbone of improving livelihoods for the local community and increasing the gross domestic product,†she said.

Ecotourism offers more than an opportunity to explore unique landscapes. º£½ÇÖ±²¥ is home to various locations that make it special to explore, such as AlUla with its beautiful and ancient oasis, Asir with its mountains and coastline, the wonders of the Red Sea, and Al-Ahsa Oasis, which is the World’s largest oasis.

From initiatives to preserve natural landscapes to projects to repopulate regions with native wildlife, the country is gearing up to open its doors to a world of nature lovers and travelers seeking the next breathtaking ecotourism spot. (Supplied)

Ecotourism investment opportunities are abundant for local investors seeking to align their financial goals with sustainable development objectives.

Whether it is through supporting green accommodations, wildlife conservation initiatives, community-based tourism projects, or renewable energy infrastructure, these investment opportunities not only foster long-term profitability but also position business owners as leaders in the vital transition towards more sustainable tourism practices.
 

 


Can AI really serve the public good?

Can AI really serve the public good?
Updated 17 October 2025

Can AI really serve the public good?

Can AI really serve the public good?
  • Ethical human use of AI is vital, says CISCO’s Guy Diedrich
  • Welcomes tight regulations but warns of stifling innovation

DUBAI: As artificial intelligence reshapes economies and societies at unprecedented speed, global technology leaders meeting at the GITEX Global conference have been debating the rapid acceleration of AI disruption.

One of the more poignant conversations on Wednesday this week tackled whether innovation can truly serve the public good, in a session titled “Digital Futures: Global Impact at the Speed of Innovation.â€

Guy Diedrich, senior vice president and global innovation officer at Cisco’s Digital Impact Office, argued that the future of AI and emerging technologies depends as much on trust, ethics, and human capital as on algorithms and investment.

He was speaking to Australian journalist and CNBC Anchor Amanda Drury during a live session at the conference.

“Creative Destruction is when you come up with a new innovation, when AI is released, when quantum comes and all of a sudden everything before it gets churned out,†Diedrich said.

“It goes away because you have to make room for that new innovation, for that new economic growth, for that new opportunity.â€

He warned that progress will stall if societies fail to invest in people, arguing that there was a symbiotic relationship between social good and capital gains.

“You’re never going to get the full value of that innovation unless you have developed your population, unless they have that intellectual capital in place,†he said. “The two have to go side by side.â€

Central to that balance is trust as the true “engine†that drives the digital economy, he said.

Without it, he argued there could be no movement as people would begin opting out — choosing not to share data which would be detrimental to the evolution of AI.

Several high-profile cases, such as a Samsung data leak via ChatGPT in 2023 have created doubt over whether AI can be trusted with sensitive information.

Many have called on governments to place heavier regulations on tech companies, which Diedrich welcomed but cautioned that it could result in hindering innovation.


Future Investment Initiative Foundation and Guggenheim Investments announce partnership

Future Investment Initiative Foundation and Guggenheim Investments announce partnership
Updated 17 October 2025

Future Investment Initiative Foundation and Guggenheim Investments announce partnership

Future Investment Initiative Foundation and Guggenheim Investments announce partnership

RIYADH: The Future Investment Initiative Foundation has announced a strategic partnership with Guggenheim Investments, a global asset management and investment advisory firm.

This partnership builds on the firm’s role as Summit Partner for the third Priority Summit in Miami in February, and reflects a deepening collaboration to support the Foundation’s mission of “Impacting Humanity,†according to the Saudi Press Agency.

Richard Attias, chairman of the executive committee and CEO-in-Chief, FII, said: “Partnerships with leading firms like Guggenheim Investments enhance our ability to solve our most critical challenges.

“Their focus on long-term value creation and innovation aligns directly with our mission, and we are delighted to welcome them as a strategic partner as we prepare for the Future Investment Initiative conference.â€

Dina DeLorenzo, president of Guggenheim Investments, said: “Our goal is to provide long-term investment strategies that help build lasting value for communities and clients alike. 

“The Future Investment Initiative Foundation’s vision of ‘Impacting Humanity’ reflects our commitment to stewardship and sustainable progress, and we look forward to contributing our perspectives and insights to this important global platform.â€

The FII Institute also announced the joining of Mizuho, ​​one of the world's leading financial institutions, as a new strategic partner ahead of the ninth edition of the FII9 conference in Riyadh from Oct. 27 to 30.

Mizuho is a global financial institution, with operations extending across 36 countries, and combining banking experience spanning more than 150 years.

Masahiro Kihara, president and CEO of Mizuho Financial Group, said: “Mizuho is proud to sponsor the Future Investment Initiative, one of the world’s most important investment conferences and a key hub for the global conversation on prosperity, bringing together the most prominent institutions, leaders, and leading thinkers from around the world to transform dialogue into concrete action.

“We are here together not just to discuss ideas, but to develop practical strategies that build more inclusive, sustainable, and secure prosperity for all, today and in the future.â€


Dalal Al-Matrudi: Young Saudi innovator using science to ease pain and inspire change

Dalal Al-Matrudi: Young Saudi innovator using science to ease pain and inspire change
Updated 17 October 2025

Dalal Al-Matrudi: Young Saudi innovator using science to ease pain and inspire change

Dalal Al-Matrudi: Young Saudi innovator using science to ease pain and inspire change
  • This combination of compassion and technology earned Al-Matrudi’s team multiple global awards this year

Alkhobar: For Dalal Al-Matrudi, innovation began not in a lab but at home, watching a loved one battle multiple sclerosis. What started as empathy soon turned into invention, leading her and her team to develop a smart medical device that is now winning awards on international stages.

“Our innovation is a smart medical device designed to assist patients with multiple sclerosis by providing localized muscle massage controlled through a mobile application,†said Al-Matrudi. “It helps relieve pain, reduce muscle stiffness and improve patients’ comfort and daily mobility.â€

The device also connects patients directly with their doctors for real-time monitoring. “In emergency situations, it can instantly alert healthcare providers to ensure the patient receives immediate assistance,†she said.

This combination of compassion and technology earned Al-Matrudi’s team multiple global awards this year, including the Gold Medal with Jury’s Honor, the GCC Patent Office Award, and the Grand Prize at the International Invention Fair of the Middle East, or IIFME, hosted by the Kuwait Science Club. The invention was also recognized at the Geneva International Exhibition of Inventions, one of the most prestigious global platforms for innovation.

For Al-Matrudi, 21, who hails from Riyadh, the project was deeply personal. “Our inspiration came from personal experience — one of my family members suffers from multiple sclerosis, and seeing their daily struggle with pain and mobility challenges deeply affected me,†she said.

Together with her teammates, she transformed that emotional drive into a purpose-driven invention. “We wanted to create something practical and compassionate that could truly improve patients’ lives,†she said.

Under the mentorship of Prof. Dr. Kholoud Al-Muqrin, a distinguished professor of nuclear physics known for empowering young Saudi innovators, the team refined their prototype into an award-winning solution. “Her continuous guidance and scientific insight played a vital role in shaping our project and transforming our idea into a tangible, award-winning innovation,†Al-Matrudi said.

She believes the foundation of every great innovation is care. “We believed that technology should serve humanity, and that small ideas born from care can evolve into meaningful advancements that bring relief and hope to many,†she added.

Months of research, design and testing culminated in an unforgettable moment at IIFME 2025.

“The most emotional moment was standing on stage when our team’s name, Team May, was announced as the Grand Prize Winner,†she said. “I remember holding my teammates’ hands tightly, feeling both disbelief and overwhelming pride.â€

For Al-Matrudi, the victory symbolized much more than recognition. “It wasn’t just about the prize — it was about realizing that months of dedication, late nights and countless trials were finally worth it,†she said.

She recalls how their mentor’s tears turned the win into a collective triumph. “I could see tears in everyone’s eyes, especially our supervisor’s, which made it even more special,†she said. “That moment reminded me that passion and persistence can turn ideas into achievements that reach beyond borders.â€

Although the invention is not directly tied to her academic major, medical physics, Al-Matrudi says her background gave her the edge she needed to design effectively.

“Studying medical physics enhanced my scientific thinking and deepened my knowledge of how the human body interacts with medical devices,†she said. “This understanding helped me design a solution that is both safe and effective.â€

She believes the key to meaningful innovation lies in combining technical knowledge with emotional intelligence. “Gaining international recognition encouraged me to continue combining my medical knowledge with creative thinking to develop innovations that make healthcare more compassionate, practical and accessible for all,†she said.

Al-Matrudi’s story reflects a growing wave of young Saudi women who are redefining the global image of innovation.

“I hope my journey shows Saudi women that ambition and creativity have no limits,†she said. “Science and innovation are not exclusive fields — they welcome curiosity, persistence and passion.â€

Her experience also underscores how inclusion fuels progress. “When women step into these spaces, they bring empathy and fresh perspectives that drive real progress,†she said.

Her message is simple but powerful: “I want every Saudi girl with a dream to believe that she can represent her country globally, no matter her field. Our achievements are proof that with teamwork, guidance and confidence, Saudi women can lead the way in shaping the future of science and technology.â€

Today, Al-Matrudi stands as one of the brightest examples of how Saudi youth are translating Vision 2030’s goals into real-world impact. Through her invention, she’s proving that innovation is not just about devices, it’s about dignity, hope and humanity.

As she proudly waved the Saudi flag on stage in Kuwait, surrounded by fellow inventors and mentors, Al-Matrudi’s message was clear: Saudi women are not just participating in the global innovation movement, they’re leading it.


Middle East VC defies global slowdown with record $2.77bn raised in first 9 months of 2025

Middle East VC defies global slowdown with record $2.77bn raised in first 9 months of 2025
Updated 17 October 2025

Middle East VC defies global slowdown with record $2.77bn raised in first 9 months of 2025

Middle East VC defies global slowdown with record $2.77bn raised in first 9 months of 2025

RIYADH: Venture capital funding in the Middle East surged to a record $2.77 billion in the first nine months of 2025, defying a global downturn, according to MAGNiTT. 

Funding jumped 152 percent year on year, with the number of deals rising 10 percent to 388, highlighting the region’s growing appeal to global investors even as capital flows into Southeast Asia, Africa, and Pakistan weakened. 

The surge reflects broader trends in the Middle East venture capital ecosystem, where early-stage and non-mega funding showed robust growth despite global headwinds.

In the third quarter alone, capital surged to $1.2 billion — its highest quarterly total on record — propelled by three mega rounds: XPANCEO’s $250 million series A and Airalo’s $220 million series C in the UAE, and Hala’s $157 million Series B in º£½ÇÖ±²¥.  

Philip Bahoshy, CEO of MAGNiTT, said: “The first nine months of 2025 marked the recovery of the MENA venture capital ecosystem. Not only did the region cross $3 billion in funding by September, but it also outperformed Southeast Asia for the first time for the first nine months of the year.† 

He added: “The strength of Series A and B pipelines, combined with sovereign-backed support and global investor interest, reinforces MENA’s position as one of the fastest-maturing ecosystems in emerging markets.†

XPANCEO founders Valentyn Volkov and Roman Axelrod. File/Supplied

Within the MENA region, the Gulf states led the gains. The UAE attracted $1.43 billion in the first nine months of 2025, up 188 percent year on year, with strength across both mega rounds with $653 million and non-mega with $775 million.  

º£½ÇÖ±²¥ followed at $1.29 billion, up 158 percent year on year, underpinned by $571 million in mega deals and a near-doubling of non-mega funding to $719 million.  

Deal momentum also broadened: º£½ÇÖ±²¥ recorded 173 transactions, a 38 percent yearly increase, while the UAE posted 164, a 5 percent rise, with both ecosystems expanding at the early stage. Egypt, by contrast, saw funding contract 37 percent year on year.  

Sector trends across MENA were led by fintech and enterprise software. Fintech funding in the Middle East climbed to $880 million, up 248 percent year on year, supported by scale rounds such as Tabby’s Series E and Hala’s Series B.  

Enterprise software accelerated to $320 million across 52 deals, including a $183 million mega round by Cadena, while non-mega activity doubled year on year.  

Elsewhere in MENA and across Africa, signals were mixed. Africa’s nine-month funding rose 8 percent to $839 million even as deal count fell 14 percent to 228, with pre-seed activity weakening and seed/series A value inching higher.  

Mergers and acquisitions activity continued to consolidate across the region, with the Middle East leading nine months of dealmaking with 26 transactions and Egypt posting 13 acquisitions, up from three a year earlier.  

Outside MENA, Southeast Asia endured the sharpest pullback. Funding dropped 48 percent year on year to $2.5 billion across 319 deals in the nine-month period of 2025.  

The third quarter was the weakest quarter in over seven years, with $541 million across 80 deals and no mega rounds; the share of capital from international investors also fell markedly from the second quarter.  

Pakistan and Turkiye proved comparatively resilient in value terms, amassing $450 million in nine months, up 40 percent yearly, despite a 32 percent drop in deals to 121.  

Across all EVMs, venture funding reached $6.56 billion in nine months, down 6 percent year on year, with total deals sliding 18 percent to 1,056. The decline was concentrated in mega rounds with a 19 percent yearly drop, while non-mega funding was broadly flat. 

International investors drove a larger share of venture capital flows into the Middle East in the third quarter, supplying 59 percent of total funding and 64 percent of all $20 million-plus rounds.  

Founded in 2018 by Esam Al-Nahdi and Maher Loubieh, HALA offers SME banking and freelancer solutions. File

In º£½ÇÖ±²¥, non-Saudi investors accounted for a record 55 percent of active backers, with the number of unique investors up 44 percent year on year.  

Despite the dominance of large deals, non-mega funding in the region rose 14 percent quarter on quarter and 71 percent year on year, signaling broader momentum.  

Across the EVMs, early-stage activity hit its lowest level since 2016, though the Middle East again bucked the trend, with pre-seed and seed rounds up 17 percent year on year— led by record deal counts in º£½ÇÖ±²¥ and the UAE.  

Series dynamics also shifted. Series A totals were inflated by XPANCEO’s $250 million round; excluding it, Series A funding fell 17 percent year on year, while Series B rose to $1.34 billion on stronger non-mega activity.  

Africa’s mid-stage gap widened, with Series A and B funding down 81 percent quarter on quarter to $39 million.  

Turkiye, Vietnam, and South Africa all recorded sharp gains from smaller bases, while Singapore, Egypt, Indonesia, and Kenya posted declines. 

M&A softened to 72 deals in the first nine months — down from 78 a year earlier — with the third quarter marking the lowest quarterly total in more than five years.