Kingdom signs deal to use Saudi technology in tree planting in Brazil

The Kingdom and Brazil have signed a partnership agreement to use smart Saudi digital technology in tree planting in the Brazilian city of Jatai. (X/@MEWA_KSA)
Short Url
Updated 26 June 2024
Follow

Kingdom signs deal to use Saudi technology in tree planting in Brazil

  • Agreement backed by Ministry of Environment, Water and Agriculture, Brazilian government

RIYADH: The Kingdom and Brazil have signed a partnership agreement to use smart Saudi digital technology in tree planting in the Brazilian city of Jatai, the Saudi Press Agency reported on Tuesday.

The deal is sponsored by the Kingdom’s Ministry of Environment, Water and Agriculture and the Brazilian government.

It was agreed during MEWA’s participation in the G20 Young Entrepreneurs’ Alliance Summit in the Brazilian city of Goiania earlier this month, hosted by the National Federation of Young Entrepreneurs in Brazil.

The agreement is a turning point in international cooperation on preserving the environment, achieving sustainable development, and developing entrepreneurship, the SPA said.

It will contribute to stimulating the exchange of knowledge and technology and the transfer of expertise between the Kingdom and Brazil, enhancing their joint capability in reducing carbon emissions while strengthening strategic partnerships to develop and implement joint projects that promote sustainable development, in line with the Kingdom’s Vision 2030.

The ministry’s participation at the summit was represented by a number of entrepreneurship programs in the sector, and affiliated emerging companies.

Ali bin Mohammed Al-Sabhan, the director general of the General Department of Entrepreneurship at the ministry’s Research and Innovation Agency, said that such international participation was an example of MEWA’s efforts to support and empower entrepreneurs and emerging companies in its sectors.

It aims to continue working with member states to discuss ways of joint cooperation and exchange of expertise and knowledge, to enhance the development of the entrepreneurship system in the ministry’s sectors in particular, and the Kingdom in general, he added.


No Saudi acquisition offers: FC Barcelona tells Al-Eqtisadiah

Updated 16 December 2025
Follow

No Saudi acquisition offers: FC Barcelona tells Al-Eqtisadiah

CAIRO: FC Barcelona has not received any offers, whether from Saudi Arabia or elsewhere, to acquire the club, according to an official source who spoke to Al-Eqtisadiah.

According to the source, the circulating news regarding the possibility of finalizing a deal to acquire the club in the coming period is a mere rumor.

Recent Spanish reports had indicated the possibility of a Saudi acquisition of Barcelona shares for around €10 billion ($11.7 billion), a move considered capable of saving the club from its financial crises if it were to happen, especially as it suffers from debts estimated at around €2.5 billion.

Sale not in management’s hands

Joan Gaspart, the former president of the club, confirmed that the current board of directors, chaired by Joan Laporta, does not have the right to dispose of the club’s ownership.

He added: “FC Barcelona is owned by about 150,000 members, and selling the club is something the owners will not accept. FC Barcelona possesses something no other club in the world has; money is very important, and so is passion, but the sentiment of the members today is to continue what the club has been for 125 years.”

High market value

Despite the financial crisis the club has been going through in recent years, FC Barcelona ranks sixth on the list of the world’s highest market value clubs, with an estimated value of €1.12 billion, according to Transfermarkt. Meanwhile, its rival Real Madrid tops the list with a market value of €1.38 billion.