Saudi Arabia set to lead global drive for digital sustainability with new e-waste initiative

The initiative will focus on expediting the shift to green practices by introducing robust regulations that foster a circular economy. Shuttestock.
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Updated 06 December 2023
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Saudi Arabia set to lead global drive for digital sustainability with new e-waste initiative

RIYADH: Saudi Arabia is poised to spearhead the global drive for digital sustainability through a new e-waste initiative aimed at implementing comprehensive regulations in Zambia, Rwanda and Paraguay. 

The Kingdom’s Communications, Space and Technology Commission, in collaboration with the International Telecommunication Union, launched the new “Developing E-Waste Management Regulations” initiative during COP28 in Dubai. 

The initiative will focus on expediting the shift to green practices by introducing robust regulations that foster a circular economy, according to the statement. 

E-waste has become a pressing concern globally, with 54 million tons generated annually, of which only 17 percent is currently recycled. 

The announcement was made in the presence of key dignitaries, including CST Governor Mohammed Al-Tamimi and Deputy Secretary-General of the ITU Tomas Lamanauskas.  

Representatives from the beneficiary countries also participated in the event, signaling a unified global effort to address the mounting challenge of e-waste. 

Al-Tamimi expressed the Kingdom’s determination to offer innovative solutions for managing e-waste and reducing its environmental impact. The initiative seeks to contribute to the global drive towards a circular economy, promoting responsible consumption and sustainable waste management practices. 

Lamanauskas commended the critical role of strong regulations and legislation in addressing e-waste challenges across both private and public sectors.  

He emphasized transitioning to a circular economy emerging as a top solution to combat the adverse effects of e-waste on the environment.  

Lamanauskas also urged regulators worldwide to adopt and implement similar regulations to expedite the adoption of green practices. 

CST’s participation in COP28 reflects Saudi Arabia’s commitment to spearheading global initiatives for digital sustainability.  

The Kingdom’s ongoing efforts align with its broader transformation towards a circular economy, marked by qualitative initiatives aimed at raising awareness and advocating best technology practices for a sustainable future and society. 

As the new initiative gains momentum, stakeholders anticipate positive outcomes in the global fight against e-waste, setting an example for other nations to follow suit in adopting environmentally responsible practices. 


The Family Office to host global investment summit in Saudi Arabia

Updated 18 January 2026
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The Family Office to host global investment summit in Saudi Arabia

RIYADH: The Family Office, one of the Gulf’s leading wealth management firms, will host its exclusive investment summit, “Investing Is a Sea,” from Jan. 29 to 31 on Shura Island along Saudi Arabia’s Red Sea coast.

The event comes as part of the Kingdom’s broader Vision 2030 initiative, reflecting efforts to position Saudi Arabia as a global hub for investment dialogue and strategic economic development.

The summit is designed to offer participants an immersive environment for exploring global investment trends and assessing emerging opportunities and challenges in a rapidly changing financial landscape.

Discussions will cover key themes including shifts in the global economy, the role of private markets in portfolio management, long-term investment strategies, and the transformative impact of artificial intelligence and advanced technologies on investment decision-making and risk management, according to a press release issued on Sunday.

Abdulmohsin Al-Omran, founder and CEO of The Family Office, will deliver the opening remarks, with keynote addresses from Saudi Energy Minister Prince Abdulaziz bin Salman and Prince Turki Al-Faisal, chairman of the King Faisal Center for Research and Islamic Studies.

The press release said the event reflects the firm’s commitment to institutional discipline, selective investment strategies, and long-term planning that anticipates economic cycles.

The summit will bring together prominent international and regional figures, including former UK Treasury Commercial Secretary Lord Jim O’Neill, Mohamed El-Erian, chairman of Gramercy Fund Management, Abdulrahman Al-Rashed, chairman of the editorial board at Al Arabiya, Lebanese Minister of Economy and Trade Dr. Amer Bisat, economist Nouriel Roubini of NYU Stern School of Business, Naim Yazbeck, president of Microsoft Middle East and Africa, John Pagano, CEO of Red Sea Global, Dr. Anne-Marie Imafidon, MBE, co-founder of Stemettes, SRMG CEO Jomana R. Alrashed and other leaders in finance, technology, and investment.

With offices in Bahrain, Dubai, Riyadh, and Kuwait, and through its Zurich-based sister company Petiole Asset Management AG with a presence in New York and Hong Kong, The Family Office has established a reputation for combining institutional rigor with innovative, long-term investment strategies.

The “Investing Is a Sea” summit underscores Saudi Arabia’s growing role as a global center for financial dialogue and strategic investment, reinforcing the Kingdom’s Vision 2030 objective of fostering economic diversification and sustainable development.