Thummarukudy: No Sustainable Development, Food Security without Land Reclamation

Muralee Thummarukudy, Director of the G20 Initiative to Reduce Land Degradation at the United Nations Convention to Combat Desertification (Asharq Al-Awsat)
Muralee Thummarukudy, Director of the G20 Initiative to Reduce Land Degradation at the United Nations Convention to Combat Desertification (Asharq Al-Awsat)
TT

Thummarukudy: No Sustainable Development, Food Security without Land Reclamation

Muralee Thummarukudy, Director of the G20 Initiative to Reduce Land Degradation at the United Nations Convention to Combat Desertification (Asharq Al-Awsat)
Muralee Thummarukudy, Director of the G20 Initiative to Reduce Land Degradation at the United Nations Convention to Combat Desertification (Asharq Al-Awsat)

Four years have passed since the launch in Riyadh of the Global Initiative to Reduce Land Degradation during Saudi Arabia’s presidency of the G20 in November 2020.
The initiative aims to achieve a 50 percent reduction in degraded lands by 2040, especially since this environmental phenomenon threatens the lives of millions of people and hinders sustainable development. United Nations desertification data indicate that more than two billion hectares of the world’s land are degraded, affecting half the world’s population. The international organization warns that if current trends continue, the world will need to restore 1.5 billion hectares of degraded land by 2030 to attain the Sustainable Development Goals.
Riyadh marked the World Environment Day 2024 on June 5 by focusing on land restoration, desertification, and drought resistance to restore the planet.
In an interview with Asharq Al-Awsat, Muralee Thummarukudy, Director of the G20 Initiative to Reduce Land Degradation at the United Nations Convention to Combat Desertification, said that the great challenge to confront this phenomenon was the availability of funding, resources, money and technical expertise.
Thummarukudy, who is currently in Riyadh to participate in many environmental activities and seminars organized on the occasion of World Environment Day, talked about the goals of the initiative and the ongoing efforts in this regard.
Stressing that the main objective is to reduce 50 percent of degraded land globally by 2040, he said that land reclamation is the focus of the initiative, in addition to many sustainable development goals, including protecting the environment and eliminating hunger.
The official continued that 95 percent of all foods and 99 percent of calories consumed by the population come from the Earth. Thus, the work of the Global Land Reclamation Initiative has an impact on multiple sustainable development goals, especially for the Arab region, which suffers from land degradation, and faces food security and other challenges, he underlined.
Asked about the strategies, Thummarukudy pointed to capacity building to achieve land reclamation. In this context, he referred to a program within the initiative that aims to train people, youth, and experts.
He added that the initiative seeks to work with the private sector, which can play a major role in achieving land reclamation, as well as with local communities through capacity building.
Commenting on the role of Saudi Arabia, Thummarukudy said that the Kingdom has launched the entire idea of ​​the initiative under its presidency of the G20. He added that during the meeting of environment ministers, Riyadh was able to convince other members to put land reclamation at the top of the agenda.
As a result, other countries pledged to contribute to the initiative by providing technical expertise, support and governance, he remarked.
The official emphasized Saudi Arabia’s leading role in the field of land reclamation, not only within the Kingdom itself, but across the Middle East.
Regarding the main challenges facing the implementation of the G20 Global Land Initiative in developing countries, Thummarukudy pointed to the lack of national legislation and financing necessary for land reclamation, in addition to the need for technical expertise and concerned institutions.
The availability of funding, resources, money and technical expertise represents a major challenge, he stressed, adding that Arab countries can play a role in channeling both technical know-how and financial resources to achieve land reclamation.
On how the initiative deals with the effects of climate change on desertification and land degradation, and the sustainable solutions that are presented in this context, Thummarukudy said that the strategy promotes land restoration by all means, including soil restoration, legislation, plant diversity and soil organic matter, all of which contribute to reducing the effects of climate change.
The official referred to the creation of the Global Land Reclamation Database, a compilation of best available practices on land degradation globally. He added that within the initiative, hundreds of experts from around the world are being trained on various land topics, in areas as diverse as reclaiming mining areas, restoring vegetation using agricultural biotechnology, and using geospatial information for land management.
According to Thummarukudy, there are two main ways in which the private sector can contribute to achieving land reclamation. The first is concerned with providing financial resources to support land reclamation initiatives, and second, applying best practices in afforestation, agriculture, and mining, which will reduce land degradation.
Green initiatives, such as the Middle East Green Initiative and the Global Land Reclamation Initiative, all require the participation of a large number of private sector stakeholders to achieve the desired goals, he underlined.

 

 



Saudi Local Content Drive Gains Momentum, with Spending, Investment Opportunities Exceeding $352 billion

A view of the annual Local Content Award ceremony organized by the authority (SPA) 
A view of the annual Local Content Award ceremony organized by the authority (SPA) 
TT

Saudi Local Content Drive Gains Momentum, with Spending, Investment Opportunities Exceeding $352 billion

A view of the annual Local Content Award ceremony organized by the authority (SPA) 
A view of the annual Local Content Award ceremony organized by the authority (SPA) 

Saudi Arabia’s push to boost local content gathered pace between 2019 and 2023, with cumulative corporate procurement spending reaching about SAR 683 billion ($182.1 billion), while investment opportunities developed under the Local Content Coordination Council exceeded SAR 640 billion ($170.6 billion).

The figures highlight accelerating efforts to empower the private sector and strengthen domestic supply chains, supporting economic diversification and reinforcing the national economy.

The Local Content and Government Procurement Authority announced an updated five-year strategy for the Local Content Coordination Council, aimed at consolidating its role as a national umbrella bringing together leading government entities and major companies to advance local content development.

The revised strategy seeks to enhance integration between the public and private sectors and develop effective policies to raise awareness and support economic growth. It also expands the scope of member sectors to include oil and gas, electricity, petrochemicals, mining, real estate, telecommunications, technology, transport and utilities, reflecting a comprehensive approach aligned with sustainable development goals.

Economic transformation

The update comes as part of broader economic reforms, introducing a refined vision and methodology aligned with future ambitions, alongside new targets and performance indicators to measure impact. It also includes a restructuring of the council through specialized committees focused on four key areas: improving policy efficiency, developing supply chains, building capabilities, and raising awareness.

The council is chaired by the authority and includes members such as the Ministry of Energy, Ministry of Industry and Mineral Resources, the Federation of Saudi Chambers, and major companies including Saudi Aramco, SABIC, Saudi Electricity Company, Maaden, stc Group and Saudia Group.

New members joining the council include Matarat Holding, National Water Company, NEOM, Roshn Group and Saudi Railway Company (SAR).

Additional companies have joined at the level of specialized committees, including Sela, NUPCO, Alat Technologies, Ceer, Almarai, Alfanar, Bahri, Nesma & Partners and SAPTCO.

Strategic initiatives

Abdulrahman Al-Samari, chief executive of the authority, said that since the council’s establishment in 2019 it has helped unify efforts to develop local content, raise awareness and maturity among private sector companies, and expand national supply chains while enhancing their competitiveness.

He added that cumulative spending linked to local content in member companies’ procurement reached about SAR 683 billion between 2019 and 2023.

Over the same period, the council implemented 10 strategic initiatives and developed around 461 high-quality investment opportunities worth more than SAR 640 billion, reflecting the scale of opportunities available through collaboration and mobilization of national capabilities.

 

 


South Korea's Lee Says Country Must Balance Risk as Hormuz Disruptions Threaten Oil Supplies

A man fills up his car at a gas station in Seoul, South Korea, March 9, 2026. REUTERS/Kim Hong-Ji
A man fills up his car at a gas station in Seoul, South Korea, March 9, 2026. REUTERS/Kim Hong-Ji
TT

South Korea's Lee Says Country Must Balance Risk as Hormuz Disruptions Threaten Oil Supplies

A man fills up his car at a gas station in Seoul, South Korea, March 9, 2026. REUTERS/Kim Hong-Ji
A man fills up his car at a gas station in Seoul, South Korea, March 9, 2026. REUTERS/Kim Hong-Ji

South Korea must accept a degree of risk in importing crude oil from the Middle East amid blockages of the Strait of Hormuz, President Lee Jae Myung said on Monday.

"There are not many alternative routes, and if shipments are cut off altogether because of heightened risk, it could have a serious impact on South Korea's crude supply and pose a major risk to the public, so ‌we need ‌to strike a balance and accept a certain degree of ‌risk," ⁠Lee said in ⁠a cabinet meeting.

South Korean authorities have been consulting with other oil-producing countries to secure alternative routes, including Saudi Arabia, Oman and Algeria, ruling Democratic Party lawmaker Ahn Do-geol said on Monday.

Ahn told reporters that diplomatic efforts led by the foreign ministry included the potential dispatch of special envoys to support the process, said Reuters.

The Industry Ministry is pushing a plan to deploy five South Korean-flagged vessels on ⁠the Red Sea route and officials had discussed supplying government-held ‌oil reserves to private refiners first, with swaps ‌to be made once replacement cargoes secured overseas arrive in the country, he ‌said.

Finance Minister Koo Yun-cheol on Friday met envoys from Gulf Cooperation Council ‌member states to ensure a steady supply of oil, liquefied natural gas, naphtha, urea and other critical resources, the ministry said in a statement on Sunday.

Like many other Asian economies, South Korea relies heavily on energy imports, including through the Strait of ‌Hormuz, which was a conduit for 20% of the world's oil before the US and Israel launched air strikes ⁠on Iran on ⁠February 28. Iran has since effectively shut down the waterway, driving up energy prices and stoking fears of a global recession.

The Energy Ministry said the government planned to meet a goal of supplying 100 gigawatts of renewable energy by 2030 as soon as possible and expand the share of power generation from renewables to more than 20%.

Inter-Korean border areas would be included as a solar power deployment zone, while residents living near high-voltage transmission line construction sites would be allowed to directly invest in projects and earn income from them, it said.

South Korea has also set a target for hydrogen reduction steelmaking, which uses hydrogen instead of coal or gas, with a 300,000-ton pilot facility to be completed by 2028, with full commercialization targeted for after 2037.


Pessimism Grows over Iraq’s Prospects for Resuming Oil Exports

An Iraqi petroleum products tanker (Iraqi News Agency) 
An Iraqi petroleum products tanker (Iraqi News Agency) 
TT

Pessimism Grows over Iraq’s Prospects for Resuming Oil Exports

An Iraqi petroleum products tanker (Iraqi News Agency) 
An Iraqi petroleum products tanker (Iraqi News Agency) 

A growing number of Iraqi oil and economic experts are voicing pessimism about the country’s ability to resume crude exports via the Gulf and the Strait of Hormuz, despite Iran’s announcement of an “exception” allowing Iraqi shipments to pass as those of a “friendly country”.

Iraq has suffered a sharp blow to its oil sector following the US-Israeli conflict with Iran and the closure of the Strait of Hormuz, losing roughly three-quarters of its exports. The country had been producing about 3.5 million barrels per day, but current export volumes have dropped to around one million barrels per day, most of which is diverted to domestic consumption.

More than 300,000 barrels per day are still exported via the Kurdistan Region through Türkiye’s Ceyhan port, while smaller quantities are transported overland by tanker trucks to Jordan and Syria.

As a result of the collapse in exports, Iraq is expected to face a monthly fiscal deficit of between $5 billion and $6 billion, placing the government under severe financial strain, economists say.

While Iran’s decision has been welcomed by its allies and sympathizers as a positive step for Iraq, sceptics argue that resuming exports is far more complex than a political declaration. They point to complex web of technical, security and logistical challenges involving maritime risk, insurance costs, shipping company behavior and contractual arrangements.

Security concerns remain acute. Despite the Iranian exemption, four oil facilities in the southern province of Basra were targeted by drone attacks over the past two days, reportedly carried out by Iran-backed armed factions seeking to pressure foreign companies to leave Iraq. The incidents raise questions about the consistency between Tehran’s declared position and the actions of allied groups on the ground.

Former oil ministry spokesman Assem Jihad said Iraq’s export capacity is governed by “fundamental realities” that make a swift return to normal operations unlikely.

In comments posted on Facebook, he noted that Iraq does not rely on its own fleet of supertankers to export crude. Instead, the State Organization for Marketing of Oil (SOMO) sells oil under contracts whereby buyers arrange shipping and lift cargoes from Iraqi ports.

The key issue, he explained, is not a lack of contracts but the reluctance of global shipping companies and tanker owners to enter what is now considered a high-risk zone. Even if buyers are willing, securing vessels prepared to dock at southern Iraqi ports or operate near conflict areas remains a major obstacle.

Insurance costs have also surged. Companies face steep premiums for vessels transiting conflict zones, discouraging participation. “Even with statements allowing passage, that does not necessarily translate into a safe and secure shipping environment,” Jihad said, adding that insurers and shipping firms base decisions on actual risk assessments rather than political assurances.

He argued that exports would only resume once confidence returns to maritime markets, risks decline and insurance costs fall.

Economic researcher Ziad al-Hashimi outlined additional barriers preventing Iraq from benefiting from the Iranian decision.

Writing on X, he said Iraq’s oil production, service companies and southern export terminals are currently operating under “force majeure”, a status declared on March 20 across fields run by foreign firms. Lifting this clause could take time, as companies would require assurances that operations will not be targeted again.

“Its removal is not a quick process,” he noted, warning of “real risk” if exports resume without improved security guarantees.

Al-Hashimi also pointed to ongoing attacks on oil fields, saying that many service companies have evacuated staff and suspended operations. “Work will not return to normal as long as the war continues,” he underlined.

He further questioned the practicality of Iran’s exemption, which applies to loaded Iraqi tankers exiting Hormuz. “How will empty vessels enter the strait to reach Iraq, and who will guarantee their safety?” he asked.

The government and oil ministry have meanwhile faced criticism for failing to take precautionary measures to safeguard production, Iraq’s main source of national income. Critics say Baghdad should have diversified export routes or maintained floating storage capacity, as many oil-producing countries do.

According to Basra-based economist Nabil al-Marsoumi, Iraq’s state tanker company, established in 1972, currently owns just six vessels for refined products with a combined capacity of 117,000 tons. Four of these ships are over 15 years old, requiring more frequent maintenance.

The company no longer owns any crude oil tankers, he added, compared with 25 vessels totaling 1.485 million tons in 1983.

On the diplomatic front, Foreign Minister Fuad Hussein on Sunday thanked Iran for allowing Iraqi oil tankers to transit Hormuz during a meeting with Iranian ambassador Mohammad Kazem Al Sadeq.

A foreign ministry statement said the two sides discussed mechanisms to ensure implementation of the arrangement and broader regional developments. Hussein reiterated Iraq’s opposition to war and stressed the need for dialogue and peaceful conflict resolution.

Separately, data from the London Stock Exchange Group and analytics firm Kpler indicated that a tanker carrying Iraqi crude had passed through the Strait of Hormuz near Iran’s coast. The vessel, Ocean Thunder, loaded about one million barrels of Basra Heavy crude on March 2 and is expected to discharge in Malaysia in mid-April.