RIYADH: The Saudi G20 presidency concluded a one-day symposium on infrastructure investment in Riyadh.
The symposium was held on the sidelines of the first G20 Infrastructure Working Group (IWG) meeting, which took place on Wednesday and Thursday in the Saudi capital.
The symposium brought together G20 member countries, international organizations, leading international and local asset managers, and institutional investors to discuss solutions to challenges that prevent or limit private investment in infrastructure. It was also attended by relevant Saudi government entities to enrich and reflect local content.
The symposium’s overall objective was to explore a potential partnership between the IWG and asset managers and institutional investors to collectively promote infrastructure investment.
Dr. Fahad Al-Dossari, deputy governor for research and international affairs at the Saudi Arabian Monetary Authority, welcomed speakers and guests at the event.
In his opening remarks, he highlighted the importance of encouraging private sector investment in infrastructure to close the financing gap.
Al-Dossari said the Saudi G20 presidency will foster cooperation with the private sector to increase private investment and enhance the quality of infrastructure spending.
“This symposium will provide an important forum for G20 countries, international organizations, asset managers and institutional investors to put into motion a new collaborative model to continue efforts in promoting infrastructure as an asset class,” he added.
The Global Infrastructure Hub estimates a cumulative infrastructure financing gap of $15 trillion to meet adequate global infrastructure needs between now and 2040.
According to the World Bank, around 1 billion people worldwide live more than 2 km away from a drivable road, almost 1 billion lack access to electricity, and 4 billion lack access to the internet.
Under the Saudi G20 presidency, the IWG will focus on promoting private sector investment in infrastructure and exploring ways to utilize technology to increase efficiency, value delivery and sustainability of infrastructure investment.
G20 event on infrastructure investment concludes in Riyadh
https://arab.news/567ff
G20 event on infrastructure investment concludes in Riyadh
Saudi deputy minister of interior heads delegation at first conference to combat drug trafficking
- Kingdom’s participation in the conference was an extension of its efforts in the war on drugs
MAUTIRIUS: Dr. Nasser bin Abdul Aziz Al-Dawood, Saudi deputy minister of interior, headed the Kingdom’s delegation participating in the first conference to combat drug trafficking and substance abuse, held in Mauritius, which concluded on Thursday.
Al-Dawood said that the Kingdom’s participation in the conference was an extension of its efforts in the war on drugs, monitoring and diagnosing their effects and harms, and strengthening international cooperation procedures and information exchange to combat the activities of organized crime networks in general, and drug crime in particular.
Cultural Communication Center holds human communication diwaniya
- The diwaniya tackled three themes
SAKAKA: The King Abdulaziz Center for Cultural Communication in cooperation with Al-Jouf Youth Association, held the Cultural Communication Diwaniya “Basic Pillars for Human Communication in the Kingdom” in Sakaka on Thursday.
The diwaniya tackled three themes: the ethics of human communication; the dimensions of human communication according to Vision 2030; and human communication according to international law.
Abdulaziz bin Abdulwahad Al-Hamwan, the center’s supervisor in Al-Jouf, said the goals of diwaniya were to “enhance national and human communication, consolidate the values of national cohesion, and spread the culture of human communication skills among beneficiaries.”
Minister of Islamic affairs holds meeting to discuss this year’s Hajj season
- Focus on various volunteering opportunities
RIYADH: Saudi Minister of Islamic Affairs, Dawah and Guidance Sheikh Abdullatif Al-Asheikh held a meeting in Jeddah on Thursday to discuss the ministry’s activities and projects during this year’s Hajj season.
The meeting was held in the presence of the ministry’s undersecretaries, the directors general of the ministry’s branch in the Makkah region, and the secretary-general for Islamic awareness in Hajj, Umrah and visitation, as well as several other officials.
The minister focused on the most prominent ongoing projects, and progress in the preparation of the ministry’s facilities and services, including the mosques at the holy sites, the central area in Makkah, and activities provided by the ministry.
He looked at the importance of volunteering opportunities during this year’s Hajj season, and following up on special projects at the mosques and holy sites that serve pilgrims during this year’s Hajj.
Meet Rima Al-Harbi, the first Saudi female to win at the AlUla Camel Cup
ALULA: “Our dream, as athletes, is to be able to represent our country; and for me to live my dream for my country — in my country — is the ultimate triumph,” Rima Al-Harbi told Arab News after making history this week as the first Saudi woman to win at the AlUla Camel Cup.
At last year’s inaugural competition, Al-Harbi was the only woman to compete in a field full of male riders. This year, the event included a women’s category. Al-Harbi returned. And this time she won.
“Most of the women I competed against this year have way more experience than me; it was truly a difficult race, in general,” Al-Harbi said. “But somehow, thanks to Allah, I didn’t feel like anyone challenged me. From the moment we started to when we reached the finish line, I was in first place.”
The 22-year-old, who was raised in nearby Madinah, where she still resides, grew up around camels. Both her father and grandfather competed in camel racing and she has a fierce love for the animal and for the sport. She credits her grandfather for encouraging her to learn how to ride when she was just seven years old. Now, she trains with her camel, Auf, for about two hours every day. She is continuing the family tradition and breaking records along the way.
Al-Harbi said that three of her sisters also ride camels, but “as a hobby.” She is the only one of her siblings to compete professionally.
Al-Harbi has opened a small training club for local women who want to try their hand at camel racing. Her aim is to strengthen the community and to find fellow Saudi women to join her journey.
“Since I have a deep love for the sport and have the opportunity and capability, why wouldn’t I want to help other women also get into the sport? These women want to try it as a hobby and we all have to start somewhere. I don’t take any funds for this; it is done out of pure passion. It is just about introducing the sport to women who are interested. I offer them guidance and advice, and we walk through the sport,” she said.
The four-day AlUla Camel Cup ends on Saturday. Al-Harbi did return the day after her victory to soak up the atmosphere and cheer on other riders, but don’t count on her being back for the final day.
“I will stay home to rest,” she told us with a laugh.
Endangered red-necked ostrich chicks born in royal reserve
- Birds are part of resettlement program launched in 2021
- Sand gazelle, Arabian oryx among species being protected
RIYADH: The Imam Turki bin Abdullah Royal Nature Reserve Development Authority has announced the birth of three endangered red-necked ostrich chicks.
The birds have been considered extinct in the northern region of the Kingdom for a century and have now returned thanks to the efforts of the ITBA, the Saudi Press Agency reported on Friday.
The ITBA had initiated an ostrich-resettlement program in late 2021, aiming to establish a suitable natural habitat for a pair of the birds. This initiative bore fruit as the ostriches successfully adapted to the reserve’s environment, producing 12 eggs in the spring of 2024.
The ITBA has aimed to reintroduce rare species into their natural environments, as part of a broader commitment to wildlife development, biodiversity conservation, and environmental restoration.
Among the numerous rare creatures benefiting from these efforts are the sand gazelle and Arabian oryx.
The ITBA has 138 species in its care including Arabian wolf, various types of foxes, felines, hares, the Asian bustard among other birds, and reptiles.
The reserve covers an area of 91,000 sq. km in the northeastern part of the Kingdom. It is a popular destination for those interested in eco-tourism, bird watching and hiking.
The reserve also offers cultural experiences, allowing visitors to interact with the local Bedouin communities, learn about their traditional way of life, and enjoy authentic cuisine.
In February, the ITBA signed a memorandum of understanding with the King Abdulaziz Foundation for Research and Archives to document the heritage of the reserve.
The pact will ensure collaboration to conduct archaeological surveys and excavations, inventory inscriptions, document intangible heritage and social history, and identify grazing locations.
