Saudi Arabia committed to preserving environment, water resources, minister tells WEF

Visitors attend the World Economic Forum (WEF) in Riyadh, Saudi Arabia, April 28, 2024. (Reuters)
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Updated 28 April 2024
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Saudi Arabia committed to preserving environment, water resources, minister tells WEF

  • Nation providing incentives for private sector to become more engaged, Abdulrahman Al-Fadley says

DUBAI: Saudi Arabia has detailed plans for the protection of its lands and environmental resources, the Minister of Environment, Water and Agriculture said on Sunday.

Speaking at the World Economic Forum in Riyadh, Abdulrahman Al-Fadley said: “We have devised our plans based on the preservation of our environment and the management of our water resources. The Kingdom is also providing incentives for the private sector to become more engaged and more responsible toward the environment.”

With 40 percent of lands around the world degraded and further degrading at an alarming rate, critical action is needed as the UN Convention to Combat Desertification COP16 is set to take place in Riyadh in December.

Al-Fadley said Saudi Arabia had preserved millions of hectares of land and set up programs for cloud seeding and increasing the number of dams in the country.

“This will not only be beneficial to the Kingdom but for the whole region,” he said. “With us hosting COP16 we are hoping to give the meeting the importance it commands. We don’t want matters to go back to the status quo after COP16 ends.”

Tariq Al-Olaimy, a member of the Global Shapers Community Foundation Board at the WEF, commended King Salman for his land restoration efforts.

“When you put nature first, you are equally putting people first,” he said. “Nature is our greatest collaborator … There is no successful growth story without successful land restoration and this starts inwardly, through our religion, community, values and moral clarity.”

Ibrahim Thiaw, secretary of the UNCCD, warned of global repercussions if the world did not pay heed to environmental safekeeping.

“Entire ecosystems are being destroyed through actions and inactions,” he said. “There has been a 29 percent increase in droughts in the past few years and that is affecting 1.8 billion people around the world. For poor nations that is disastrous and carries a large death toll of animals, people and agriculture. We have to be more proactive and not just emergency-ready. We must attempt to avoid emergencies.”

Thiaw said the Panama Canal’s functionality had been reduced by 12 percent, which was causing a problem for supplies.

“Demand is increasing while resources are shrinking,” he said. “As humanity we have been looking at resources as if they are unlimited. We have not been managing them. Companies need to reset their relationship with nature and we need to focus on land restoration to keep going.”

Naoki Ishii, director of the Center for Global Commons, had similar concerns.

“We are on a collision course,” he said. “The only solution is to modify our economic system. COP16 must be transformative for all of us. We need the political momentum to implement positive changes.

“If we are able to push those efforts, economically and ideally speaking, that will be a game changer.”


Dar Global launches $1bn Trump Plaza project in Jeddah 

Updated 7 sec ago
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Dar Global launches $1bn Trump Plaza project in Jeddah 

RIYADH: A $1 billion Trump-branded mixed-use development has been launched in Jeddah, expanding Saudi Arabia’s pipeline of high-end real estate projects.  

Dar Global, a London-listed luxury real estate developer majority-owned by Saudi developer Dar Al-Arkan, said the project marks its third collaboration with the Trump Organization in the Kingdom. 

The development, called Trump Plaza Jeddah, will include executive and premium residences, home offices, retail outlets and curated dining offerings, the company said in a statement. 

The launch follows the unveiling of Trump Tower Jeddah in December 2024 and comes as Saudi Arabia steps up efforts to attract private capital and foreign buyers into its real estate sector. 

Eric Trump, executive vice president of the Trump Organization, said: “Expanding our presence in Saudi Arabia with Trump Plaza Jeddah underscores our commitment to world-class quality and iconic design.”  

He added: “This project reflects the strength of our relationship with Dar Global and our confidence in Jeddah as a dynamic, globally relevant city. Trump Plaza Jeddah will set a new benchmark for integrated urban destinations.” 

The lifestyle project will also have a 4,000 sq. meter members-only Vitality Club, featuring golf simulators, a spa, sports medicine and recovery facilities. 

The Vitality Club will also include swimming pools, fine dining, a cigar and library lounge, a coffee bar, and high-performance wellness spaces. 

“The launch of Trump Plaza Jeddah represents a major milestone in our Saudi portfolio. This is not a single-use development, but a carefully curated urban ecosystem designed for global residents who want to live, work, and connect within the best address in Jeddah,” said Ziad El Chaar, CEO of Dar Global. 

He added: “Anchored by a private park and supported by world-class amenities, Trump Plaza Jeddah introduces a new model for modern city living in the Kingdom.” 

The destination will also feature retail and dining concepts, including Trump Grill, Trump Daily, an artisan bakery, and a fitness pro shop, reinforcing the project’s positioning as a district that operates day and night. 

Trump Plaza Jeddah is located within the 1,000,000-sq.-meter Amaya development and is supported by foreign-ownership incentives, a 0 percent capital gains tax and accelerated infrastructure investment, the company said. 

Earlier this month, Dar Global unveiled the first of two Trump-branded projects planned for Riyadh, launching a 2.6 million-sq.-meter Trump International Golf Club in Wadi Safar.