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)
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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 PIF Backs Multibillion-Dollar Projects to Boost Sustainability

A solar power project in Saudi Arabia (SPA)
A solar power project in Saudi Arabia (SPA)
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Saudi PIF Backs Multibillion-Dollar Projects to Boost Sustainability

A solar power project in Saudi Arabia (SPA)
A solar power project in Saudi Arabia (SPA)

Saudi Arabia’s Public Investment Fund has fully allocated the proceeds of its green bond issuance, directing $9 billion to eligible projects, in a move that highlights the sovereign wealth fund’s growing role in shaping a more sustainable future and delivering lasting positive impact worldwide.

According to a recent report issued by the Public Investment Fund, reviewed by Asharq Al-Awsat, the expected impact of the fund’s eligible green projects includes generating 427 megawatts of renewable energy, avoiding emissions equivalent to 5.1 million tons of carbon dioxide, and treating 4 million cubic meters of wastewater.

The Public Investment Fund aims to establish itself as an active participant in global debt markets, while also fostering the development of a dynamic domestic market. This would enable the fund to access short- or long-term liquidity through a diverse range of financing instruments.

Financing strategy

The fund’s capital markets program aims to further strengthen its financing strategy and execution capabilities, both at the level of the Saudi sovereign wealth fund and across its portfolio companies, while enabling deeper engagement with global and local debt markets.

The program will also support expanding the fund’s capacity to raise debt and deploy it as a source of investment financing, in line with its overall funding strategy. This approach is designed to instill greater discipline in cash flow management and enhance returns on equity for the fund and its portfolio companies.

The green bond issuance will provide the fund with access to a broader pool of investors who prioritize environmental, social, and governance considerations in their investment decisions. It will also allow investors to diversify their portfolios through green assets, a step expected to help accelerate the pace of green investment globally.

Climate change

The fund has taken concrete steps to advance governance and policy, focusing on sustainability, and is a founding member of the One Planet Sovereign Wealth Funds initiative. This international platform aims to accelerate the integration of climate change considerations into asset management decisions and investment opportunities.

As an investment vehicle, the Public Investment Fund operates through acquiring stakes in companies aligned with its mandate, including ACWA Power and Lucid.

It has also established the Saudi Investment Recycling Company, a leader in waste management and recycling, manages the National Energy Services Company, Tarshid, and supports the creation of a voluntary carbon market in the Middle East and North Africa.

These efforts aim to strengthen Saudi Arabia’s position as one of the world’s most energy-efficient countries.

The green bond issuance will finance tangible projects on the ground, helping to accelerate the green transition and advance the Kingdom’s core targets of achieving net zero emissions by 2060 and generating 50 percent of electricity consumption from renewable energy sources by 2030.

This forms a key pillar of the renewable energy program implemented by the fund, which involves developing 70 percent of renewable power generation capacity.


Saudi E-Commerce Hits Record Monthly Sales over SAR30.7 Billion in October

A view of Riyadh, Saudi Arabia. (SPA file)
A view of Riyadh, Saudi Arabia. (SPA file)
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Saudi E-Commerce Hits Record Monthly Sales over SAR30.7 Billion in October

A view of Riyadh, Saudi Arabia. (SPA file)
A view of Riyadh, Saudi Arabia. (SPA file)

E-commerce sales in Saudi Arabia via "mada" cards soared to an all-time monthly high in October 2025, surpassing SAR30.7 billion.

The surge in sales represents a 68% year-on-year increase, totaling about SAR12.4 billion more than the SAR18.3 billion recorded in October 2024, according to the Saudi Central Bank (SAMA) statistical bulletin on Wednesday.

E-commerce sales for the third quarter (Q3) of 2025 hit SAR88.3 billion, up 15.2% from the previous quarter, representing an increase of about SAR11.6 billion over the SAR76.6 billion recorded in Q2.

On a monthly basis, e-commerce sales in October rose 6%, gaining approximately SAR1.6 billion over September’s total of SAR29.1 billion.

From January to October, "mada" data showed e-commerce sales grew 47.3%, rising by around SAR9.9 billion over the SAR20.9 billion recorded in January.

These figures cover transactions made via "mada" cards on e-commerce websites, apps, and digital wallets, and do not include credit-card payments.


Jeddah's King Abdulaziz Airport Launches First Direct Flight to Moscow

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
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Jeddah's King Abdulaziz Airport Launches First Direct Flight to Moscow

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)
The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location. (SPA)

Jeddah's King Abdulaziz International Airport (KAIA) celebrated the launch of its first direct flynas flight to Moscow, operating three weekly flights between Jeddah and Vnukovo International Airport.

This initiative, in partnership with the Saudi Tourism Authority and the Air Connectivity Program, boosts air links between Saudi Arabia and Russia.

It marks KAIA's third direct Russian destination, following Makhachkala and Mineralnye Vody, which were inaugurated earlier this month by Azimuth Airlines.

The expansion supports Jeddah Airports Company’s goal of broadening travel options and increasing air traffic revenue, leveraging the Kingdom's strategic location.