Saudi Forum Showcases 3,000 Projects Worth $266 Bln

Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Hogail (Asharq Al-Awsat)
Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Hogail (Asharq Al-Awsat)
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Saudi Forum Showcases 3,000 Projects Worth $266 Bln

Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Hogail (Asharq Al-Awsat)
Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Hogail (Asharq Al-Awsat)

Government and private entities in Saudi Arabia have reviewed construction projects worth an estimated SAR 1 trillion ($266 billion) in front of local and international contractors from 16 countries.

This took place during a specialized forum that kicked off on May 22 in the Saudi capital, Riyadh.

The projects were presented by approximately 41 government and private entities, with an estimated total of around 3,000 projects.

They were featured at the fifth edition of the Future Projects Forum in Riyadh. The forum is organized by the Saudi Contractors Authority and was attended by officials from 11 government and private entities.

Minister of Municipal and Rural Affairs and Housing Majid bin Abdullah Al-Hogail said that the contracting sector serves as a fundamental pillar for the growth and prosperity of Saudi Arabia.

He added that the sector plays a crucial role in enabling many initiatives of Vision 2030 and serves as the primary driving force for numerous important sectors.

The minister emphasized that the government places great importance on the development and support of the sector, as evidenced by the establishment of the Saudi Contractors Authority.

For his part, Engineer Zakaria Al Abdulqader, the Chairman of the Board of Directors of the Saudi Contractors Authority, highlighted Saudi Arabia’s remarkable economic development.

The Future Projects Forum, featuring almost 3,000 projects valued at over SAR 1 trillion (266.6 billion dollars), shows a significant advancement in the contracting sector, said Abdulqader.

He added that the percentage of registered participants from outside Saudi Arabia reached 25%, reflecting the importance of the Authority’s role in organizing and highlighting the magnitude of future opportunities and projects in the Kingdom’s contracting sector.

As the executive arm of the Vision 2030 projects and the main driving force for many vital sectors, the contracting sector is crucial for the Kingdom’s future, noted Abdulqader.

 



Al-Abdulqader to Asharq Al-Awsat: COP16 to Advocate for Strategies Against Desertification

A green space in Saudi Arabia (Asharq Al-Awsat)
A green space in Saudi Arabia (Asharq Al-Awsat)
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Al-Abdulqader to Asharq Al-Awsat: COP16 to Advocate for Strategies Against Desertification

A green space in Saudi Arabia (Asharq Al-Awsat)
A green space in Saudi Arabia (Asharq Al-Awsat)

Dr. Khalid Al-Abdulqader, CEO of Saudi Arabia’s National Center for Vegetation Cover Development and Combating Desertification, stated that the upcoming 16th Conference of the Parties (COP16) to the United Nations Convention to Combat Desertification (UNCCD), set to kick off in Riyadh on Monday, represents a significant opportunity to strengthen international collaboration.

He added that the event will serve as a platform to showcase Saudi Arabia’s achievements in combating desertification, highlight successful initiatives such as tree-planting and sustainable projects, and encourage other nations to adopt similar strategies.

Speaking to Asharq Al-Awsat, Al-Abdulqader revealed that the conference would present numerous investment opportunities for local and international private sectors in nature-based solutions to combat desertification. These include plans for 10 investment projects in wild plant nurseries, proposals to involve private companies in the afforestation and management of selected national parks, and the development of 30 eco-tourism sites within vegetated areas. These initiatives aim to expand green spaces and mitigate desertification across the Kingdom.

Additionally, he pointed to the establishment of a dedicated unit to support and guide investors by fostering innovative ideas and providing necessary assistance in accordance with national regulations.

Green Belts and Desertification Control Efforts

Saudi Arabia prioritizes combating desertification and protecting vegetation, particularly given its challenging climatic conditions. The government is actively working to expand forests, rehabilitate degraded lands, develop national parks, conduct ecological research, and protect native plant species through initiatives like green belts.

Al-Abdulqader emphasized the importance of global cooperation in addressing desertification. COP16, he said, would strengthen international efforts to combat drought, land degradation, and their adverse effects, adding that hosting the conference underscores Saudi Arabia’s growing role in global environmental advocacy.

He also said that the Kingdom has launched significant initiatives, including the Saudi Green Initiative, which aims to plant 400 million trees by 2030 and a total of 10 billion trees by 2100, restoring approximately 40 million hectares of degraded land.

Additionally, the Saudi official revealed that the National Center for Vegetation Cover is preparing to launch the 2024 National Afforestation Season under the slogan “We Plant for Our Future”. Sponsored by the Minister of Environment, Water, and Agriculture, this campaign seeks to involve government agencies, local communities, and individuals in afforestation efforts to expand green cover, rehabilitate degraded lands, raise awareness, reduce harmful practices, and improve overall quality of life, he told Asharq Al-Awsat.

Al-Abdulqader stressed that Saudi Arabia’s environmental efforts reflect its commitment to achieving the goals of Vision 2030, which prioritizes sustainability and environmental protection.

He highlighted the center’s vital role in fulfilling the vision’s environmental objectives by managing natural resources, supporting afforestation projects, rehabilitating damaged areas, and raising awareness of the importance of vegetation cover through public campaigns.

Al-Abdulqader further noted that the center contributes to international initiatives, including Saudi Arabia’s commitment to achieving net-zero carbon emissions by 2060.

Global and Regional Cooperation

The center also supports the goals of the Middle East Green Initiative and the Saudi Green Initiative. To date, more than 95 million trees have been planted in collaboration with public, private, and nonprofit sector partners, increasing green spaces and restoring degraded lands, the official underlined.

He pointed to several international partnerships through memorandums of understanding (MoUs) with countries such as Pakistan and organizations including the United Nations Convention to Combat Desertification, the Food and Agriculture Organization (FAO), and ELAWCAT for sustainable land management.

Al-Abdulqader revealed that future agreements are in progress with China, the International Center for Agricultural Research in Dry Areas (ICARDA), and Morocco for vegetation development and desertification control, adding that Saudi Arabia is also collaborating with Egypt on stabilizing sand dunes and engaging in partnerships with Somalia, Albania, Costa Rica, Burkina Faso, and Tajikistan on environmental protection and sustainability.