G20 energy ministers commend KAPSARC’s CCE Guide

Adam Sieminski
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Updated 05 October 2020
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G20 energy ministers commend KAPSARC’s CCE Guide

The recent G20 energy ministers’ meeting, organized and held under the Saudi Arabia G20 presidency, commended King Abdullah Petroleum Studies and Research Center’s (KAPSARC) role in presenting the CCE (Circular Carbon Economy) Guide in collaboration with several international organizations. 

“We acknowledge the work led by the King Abdullah Petroleum Studies and Research Center and the valuable contributions from the various international organizations (International Energy Agency, the International Renewable Energy Agency, the Nuclear Energy Agency, the Organization for Economic Cooperation and Development, and the Global CCE Institute), which spelled out the various opportunities offered by the CCE approach and its 4Rs as indicated in the ‘CCE Guide’ that could be considered in accordance with national circumstances,” the seventh item of the G20 energy ministers’ communiqué said.

KAPSARC’s president, Adam Sieminski, praised the communiqué, which acknowledged the work led by the center’s experts to demonstrate the CCE framework and its 4Rs, in collaboration with the five international organizations. 

He also  said that in spite of the pandemic, KAPSARC and its partners managed to present the guide, which reflects the vital role of Saudi Arabia in addressing the new vision as part of its leadership in the coming G20 summit in November.

“The CCE initiative is a comprehensive approach to transitioning toward more comprehensive, resilient, sustainable, and climate-friendly energy systems,” Sieminski said.

KAPSARC recently launched a dedicated website (www.cceguide.org) for the CCE Guide. Eric Williams, senior adviser and research fellow at KAPSARC, said: “The website not only hosts the CCE Guide but will serve as a global knowledge hub for circular carbon economy.”


Saudi Arabia world’s safest and most attractive investment destination, says chairman of Sumou Holding

Updated 09 March 2026
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Saudi Arabia world’s safest and most attractive investment destination, says chairman of Sumou Holding

Saudi Arabia has emerged as one of the world’s safest and most attractive destinations for investment, supported by the strength and resilience of its economy, according to Ayed bin Farhan Al-Qahtani, chairman of Sumou Holding.

Al-Qahtani said the Kingdom’s economy has consistently demonstrated its ability to navigate global and regional crises. He noted that Saudi Arabia has historically adapted to challenging conditions and emerged stronger, thanks to prudent economic policies and effective governance, both of which have reinforced the market’s financial strength. Al-Qahtani added that Saudi Vision 2030 has reshaped the structure of the national economy by diversifying income sources and leveraging the country’s core strengths, creating a more flexible and sustainable economic environment capable of withstanding global volatility.

According to Al-Qahtani, business activity across Saudi Arabia continues to operate normally despite current global uncertainties, highlighting the adaptability and experience of Saudi companies across multiple sectors.

Sumou Holding currently manages an investment portfolio valued at about $10 billion. Al-Qahtani said that the group plans to expand its investments in the Kingdom while seeking to attract additional foreign capital through international partnerships and joint ventures.

The company is evaluating a range of new opportunities across key sectors and particularly in real estate, which Al-Qahtani described as one of the most secure and attractive investment sectors in the Saudi market amid rising demand for residential, commercial, and development projects.

Saudi Arabia’s property market has also undergone significant regulatory reforms aimed at boosting its appeal to international investors. A new foreign property ownership law, which came into effect in early 2026, allows non-Saudis — individuals and companies, residents and non-residents — to own residential, commercial, and agricultural properties across designated areas of the Kingdom.

The framework will increase capital inflows into the real estate sector while introducing specific ownership rules for the holy cities of Makkah and Madinah, two markets Al-Qahtani said remain among the most secure and globally attractive for long-term investment.

Sumou Holding owns two companies listed on the Saudi Exchange: Sumou Real Estate Co. and Ader Real Estate Co.

Al-Qahtani added that the group’s international arm, Ader Global, is building partnerships with global investors and directing capital toward promising opportunities in the Saudi market, reinforcing the Kingdom’s role as a regional hub for investment and multinational companies.

With its strong regulatory framework, investment security, and continued government support for the private sector, Saudi Arabia is well positioned to attract further foreign capital in the coming years, Al-Qahtani said, cementing the country’s status as a leading global investment destination both today and in the future.