Saudi Initiatives Contributing to Creating a Sustainable Future Through Space

Expected space economy revenues to reach around one trillion dollars by 2040 (Asharq Al-Awsat)
Expected space economy revenues to reach around one trillion dollars by 2040 (Asharq Al-Awsat)
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Saudi Initiatives Contributing to Creating a Sustainable Future Through Space

Expected space economy revenues to reach around one trillion dollars by 2040 (Asharq Al-Awsat)
Expected space economy revenues to reach around one trillion dollars by 2040 (Asharq Al-Awsat)

Saudi Arabia has achieved 96% of the targets set by the “Connect 2030” program, established by the International Telecommunication Union. This program aims to attain the Sustainable Development Goals by leveraging communication and technological services.

 

According to a report released by Saudi Arabia’s Communications, Space and Technology Commission on Sunday, the Kingdom is making significant strides in contributing to a sustainable future through space initiatives.

Saudi Arabia has accomplished a 100% success rate in various domains under the “Connect 2030” program, notably in terms of inclusivity by bridging the digital divide and providing widespread access to broadband services.

Additionally, the Kingdom excelled in forming partnerships by enhancing collaboration between International Telecommunication Union members and all stakeholders to support strategic objectives.

Saudi Arabia also achieved a 100% growth rate by enabling and enhancing access to communication and technology, fostering the digital economy, society, and promoting innovation in communications and technology to support societal digital transformation.

In terms of sustainability, Saudi Arabia scored 80% in risk management, addressing challenges and emerging opportunities resulting from the rapid growth of communications and technology.

According to the report, there were 87 local digital products launched in the past year, with 11 companies accepted, including five international ones.

The Communications, Space and Technology Commission had declared that Saudi Arabia is the world’s first country to successfully test the fifth-generation technology using a high-altitude platform system.

During the past year, the Kingdom advanced the principles of sustainability, making strides in empowering women and promoting environmental initiatives and renewable energy.

The telecommunications, space, and technology sector played a significant role in numerous achievements, including launching initiatives to reduce electronic waste and carbon emissions, expanding communication services to bridge the digital divide and facilitate modern technologies, as well as building capacity and empowering women.

The representation of women in leadership positions in the telecommunications and technology sector reached 23.60%, and 41,000 women were empowered to seize new opportunities.



Türkiye Says Trade Deficit Widened 21.7% in April

FILE PHOTO: The Bosphorus strait is pictured through the window of a passenger aircraft over Istanbul, Türkiye February 1, 2019. REUTERS/Murad Sezer/File Photo
FILE PHOTO: The Bosphorus strait is pictured through the window of a passenger aircraft over Istanbul, Türkiye February 1, 2019. REUTERS/Murad Sezer/File Photo
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Türkiye Says Trade Deficit Widened 21.7% in April

FILE PHOTO: The Bosphorus strait is pictured through the window of a passenger aircraft over Istanbul, Türkiye February 1, 2019. REUTERS/Murad Sezer/File Photo
FILE PHOTO: The Bosphorus strait is pictured through the window of a passenger aircraft over Istanbul, Türkiye February 1, 2019. REUTERS/Murad Sezer/File Photo

Türkiye's trade deficit widened 21.7% year-on-year to 12$ billion in April, Trade Minister Omer Bolat said on Friday.
Exports stood at $20.9 billion in April, while imports amounted to $33 billion, he told a press conference.
The euro's gains against the US dollar since US President Donald Trump introduced new 10% baseline tariffs on all economies and slapped duties totaling 20% on the European Union had a positive effect on Turkish exports amounting to $440 million, Bolat also said.

Meanwhile, the Turkish manufacturing sector contracted in April as output and new orders continued to ease amid subdued demand, with firms scaling back employment and purchasing activity, a survey showed on Friday.
The Istanbul Chamber of Industry Türkiye Manufacturing Purchasing Managers' Index (PMI) was unchanged at 47.3 in April. This marked the 13th consecutive month of easing business conditions, with any reading below 50.0 pointing to a contraction in activity.
Although new export orders eased the latest slowdown was the least pronounced so far this year, and the moderation in new business from abroad was also less marked than that seen for total new orders, the survey showed.
Manufacturers continued to scale back employment and purchasing activity, instead reducing inventories, the survey showed.
Manufacturers reported that suppliers quickened their deliveries in April, the survey showed, while the rate of input cost inflation quickened amid currency weakness and higher costs for raw materials.
"An uncertain international economic environment added to the challenges facing Turkish manufacturers in April. As such, further moderations in new orders, output and exports were recorded by the latest PMI survey," said Andrew Harker, Economics Director at S&P Global Market Intelligence.
"That said, there were some signs of improvement, raising hopes that the sector could potentially move closer to growth territory in the months ahead."