Saudi crown prince discusses green initiatives with Putin, Macron

Saudi Crown Prince Mohammed bin Salman. (SPA)
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Updated 01 April 2021
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Saudi crown prince discusses green initiatives with Putin, Macron

RIYADH: Saudi Crown Prince Mohammed bin Salman has discussed green initiatives recently announced in the Kingdom with the presidents of Russia and France.
Prince Mohammed and Vladimir Putin discussed the Middle East Green initiative, which aims to raise vegetation cover and enhance the efficiency of oil production processes in order to reduce global carbon emissions.
Putin welcomed the Saudi plan and expressed his support.
During the call with Macron, the two leaders discussed environmental challenges facing the world as well as the economic, social and health effects of these challenges. 
They discussed the Saudi Green Initiative and the Middle East Green Initiative and how they will combat these challenges through afforestation and clean energy programs that use innovative methods and new technologies.
Macron welcomed the initiatives and his country's interest in exerting all possible efforts to support them and achieve their goals.


Saudi Arabia launches initiative to reroute Gulf cargo to Red Sea ports

Updated 7 sec ago
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Saudi Arabia launches initiative to reroute Gulf cargo to Red Sea ports

  • The initiative comes as shipping through the Strait of Hormuz has been severely disrupted by the widening conflict in the region
  • Since the US and Israel struck Iran last month, Tehran has moved to restrict passage through the waterway

 

RIYADH: Saudi Arabia has launched an initiative to redirect shipping from ports in the Arabian Gulf to its Red Sea ports amid the ongoing US-Israel-Iran war.

Transport Minister Saleh Al-Jasser, who also chairs the Saudi Ports Authority (Mawani), launched the Logistics Corridors Initiative alongside Zakat, Tax and Customs Authority Governor Suhail Abanmi, Mawani President Suliman Al-Mazroua, and other officials, the Saudi Press Agency reported.

The initiative will establish dedicated operational corridors to receive containers and cargo redirected from ports in the Kingdom's Eastern Region and other Gulf Cooperation Council states to Jeddah Islamic Port and other Red Sea coast ports.

Al-Jasser said the Kingdom was committed to ensuring supply-chain stability and the smooth flow of goods through global trade routes. Jeddah Islamic Port and other west coast ports, he added, were already playing a key role in accommodating shipments redirected from the east, while also linking Gulf cargo to regional and international markets.

The initiative comes as shipping through the Strait of Hormuz has been severely disrupted by the widening conflict in the region. Iran has long threatened to close the strait — the world's most critical oil and gas chokepoint, through which roughly a fifth of global oil supplies pass — in the event of a war.

Since the US and Israel struck Iran last month, Tehran has moved to restrict passage through the waterway, sending freight rates soaring and forcing shipping companies to seek alternative routes.

Saudi Arabia's Red Sea ports offer a viable bypass, connecting Gulf cargo to global markets without passing through the strait.