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Justice Minister Highlights Legislative Framework for Sustainable Business at Saudi Law Conference

The Saudi Law Conference is being held in Riyadh from October 15 to 17 under the theme “Legal Environment for Sustainable Business”. (SPA)
The Saudi Law Conference is being held in Riyadh from October 15 to 17 under the theme “Legal Environment for Sustainable Business”. (SPA)
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Justice Minister Highlights Legislative Framework for Sustainable Business at Saudi Law Conference

The Saudi Law Conference is being held in Riyadh from October 15 to 17 under the theme “Legal Environment for Sustainable Business”. (SPA)
The Saudi Law Conference is being held in Riyadh from October 15 to 17 under the theme “Legal Environment for Sustainable Business”. (SPA)

Saudi Justice Minister Walid Al-Samaani highlighted the Kingdom’s legislative development at the Saudi Law Conference that is being held in Riyadh from October 15 to 17 under the theme “Legal Environment for Sustainable Business”.

The minister said the law protects rights and the stability of the business environment. He discussed the specialized legislative system, including the Law of Civil Transactions, which underlines contractual freedom, in line with the Kingdom’s rapid progress, which requires flexibility in reaching contracts and stability in transactions.

Al-Samaani stressed the importance of attaining legal qualification and specialization, in line with the digital transformation, which necessitates training professionals in the use of technology.

He explained preventive justice and its role in protecting rights and resolving disputes without litigation, as well as in reassuring the parties of the validity of their contracts and obligations.

The minister expressed gratitude for the support Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Prince Mohammed bin Salman, Crown Prince and Prime Minister, have been showing to the judiciary.

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Saudi Arabia Tackles Carbon Management Challenges at COP 29

Speakers participate in a discussion session in the Saudi pavilion during the COP29. (Asharq Al-Awsat)
Speakers participate in a discussion session in the Saudi pavilion during the COP29. (Asharq Al-Awsat)
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Saudi Arabia Tackles Carbon Management Challenges at COP 29

Speakers participate in a discussion session in the Saudi pavilion during the COP29. (Asharq Al-Awsat)
Speakers participate in a discussion session in the Saudi pavilion during the COP29. (Asharq Al-Awsat)

During a panel discussion titled, “The Carbon Management Challenge: Scaling Carbon Management to Gigaton Levels” at the Saudi Pavilion at COP 29, speakers highlighted the critical role of international collaboration in advancing carbon capture technologies and emphasized Saudi Arabia’s ambitious goal of achieving net-zero emissions by 2060.

The discussion focused on Saudi Arabia’s adoption of the Circular Carbon Economy framework, which centers on four key pillars: reducing emissions, reusing carbon, recycling, and removing carbon.

The participants pointed to the importance of international cooperation in developing new carbon capture technologies and establishing independent carbon transport and storage projects. According to reports, over 50 advanced carbon capture and storage (CCS) projects are currently in progress globally, with a combined capacity of 50 million tons. Furthermore, investment decisions have been made for 44 additional CCS projects under development around the world.

The session also explored advancements in various industries, such as the cement sector. Countries like Japan, China, and European nations have made significant progress in carbon capture technologies, while emerging economies such as Canada and Thailand are working on financing decarbonization efforts in the cement industry.

The speakers underscored the crucial role of governments in enabling these initiatives by making financial investments and developing the necessary infrastructure. They also pointed out that supportive government policies are essential for driving these projects forward and fostering collaboration between the public and private sectors. This aligns with the Clean Energy Ministerial’s focus on advancing policies for carbon capture, utilization, and storage technologies.

The participants further stressed that global goals to reduce emissions and combat climate change can only be achieved through international cooperation, robust policy frameworks, and the sharing of expertise across all stakeholders.