Saudi Water & Power Forum to analyze new challenges

Updated 22 December 2014
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Saudi Water & Power Forum to analyze new challenges

The 10 edition of Saudi Water & Power Forum (SWPF) will be held from Jan. 12 to 14 at Al-Faisaliah Hotel in Riyadh.
Adil Bushnak, president of Saudi Water Power Forum, said the event will attract government officials, industrial leaders and international delegations.
The number of companies involved in the show has increased sharply for this edition, which
promises to ensure more growth for Saudi Arabia’s water and power sectors.
The event takes place amid concern among industry experts over Saudi Arabia’s growing reliance on central desalination plants to provide drinking water.
Adil Bushnak, an expert in the water sector, suggests an alternative option. He proposes decentralized solutions, highlighting the need to achieve financial sustainability and reliance on renewable energy sources to provide drinking water.
Bushnak points out that the Saudi water sector continues to build larger central plants which are based on imports.
“It is illogical to pump water for hundreds of kilometers. This requires costly and large amounts of energy consumed by mega desalination plants. Yet they are continually exposed to risks or crashes. This situation may lead to a shortage of water, says Bushnak.
Bushnak believes that it is better to build small plants with lower costs within cities and closer to residential areas.
It also helps empower young Saudis to own and manage these plants.
In addition to dealing with the private sector to buy local fresh water, which costs the state less to produce and pump water.
Bushnak has stressed the importance of adopting and implementing comprehensive, integrated and
strategic plans for the sustainability of water, food and energy to move forward.
The government’s priorities should be to manage demand and ensure local financial and operational sustainability involving diverse segments of society, through non-traditional solutions.
He called for strategic plans to boost water security.
Bushnak praised the National Water Company’s efforts to set up several plants near Riyadh for groundwater desalination.
He has emphasized the need to use non-renewable groundwater as a source of drinking water. This may be sufficient for hundreds of years. Also, water resources need to be preserved for traditional agriculture.
He called for efficient drinking water storage underground, sufficient for six months, closer to all cities.
These issues are set to be discussed by experts from the Ministry of Water and Electricity, Aqualia and Schneider Electric during Session 6 at the Saudi Water & Power Forum.
Bushnak has urged the ministry to use valleys as storage facilities to replace traditional surface dams
with groundwater dams. This will help reduce rainwater evaporation and increase rain harvesting.
To achieve food security, Bushnak also supported the idea of promoting greenhouse and vertical agricultural homes within cities.
This will train and empower Saudi youth to use renewable water source.
Bushnak has also recommended reviving water endowments in cities and provinces to achieve financial and administrative sustainability.
He expects active participation of the secretariat of the Gulf Cooperation Council in the Saudi Water Power Forum to review achievements in electricity networks.


Saudi Awwal Bank becomes first Middle East bank to earn 7-star CinOrg innovation accreditation

Saeed Assiri, chief innovation banking officer at SAB
Updated 05 March 2026
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Saudi Awwal Bank becomes first Middle East bank to earn 7-star CinOrg innovation accreditation

Saudi Awwal Bank has become the first bank in the Middle East to receive a 7‑star Certified Innovative Organization rating from the Global Innovation Institute, the highest recognition awarded by the institute.

The accreditation marks a significant step in SAB’s innovation strategy and follows an innovation maturity assessment conducted by the institute in December 2025. The review, which built on an earlier assessment in December 2023, raised the bank’s maturity level from “Champion” to “Leader.” The new rating reflects SAB’s institutionalized approach to innovation, its enterprise-wide impact and its ability to consistently deliver measurable results.

With the 7‑star rating, SAB becomes the first bank in the region to reach the highest innovation maturity level, strengthening its position as a regional reference point for innovation-led and future-ready banking.

In 2025, the bank opened its flagship Innovation Centre and secured six internationally recognized innovation awards, along with a lab accreditation. The centre has supported SAB’s efforts to accelerate the adoption of advanced technologies, encourage cross-functional collaboration and reinforce its standing as a regional leader in financial innovation.

Saeed Assiri, chief innovation banking officer at SAB, said the recognition reflects years of focused work to build a sustainable innovation ecosystem.

“By investing in SAB’s culture, governance and talent, innovation enables the bank to remain future-ready,” he said. “This milestone reinforces our role in accelerating financial innovation in Saudi Arabia and delivering long-term value for our customers.”

The certification adds to SAB’s broader efforts to strengthen its innovation capabilities as the Kingdom’s banking sector continues to evolve.