Saudi Arabia to Launch First Green Zone to Present Solutions for Combating Desertification

A citizen working in an agricultural area in Saudi Arabia (Asharq Al-Awsat)
A citizen working in an agricultural area in Saudi Arabia (Asharq Al-Awsat)
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Saudi Arabia to Launch First Green Zone to Present Solutions for Combating Desertification

A citizen working in an agricultural area in Saudi Arabia (Asharq Al-Awsat)
A citizen working in an agricultural area in Saudi Arabia (Asharq Al-Awsat)

Saudi Arabia has become the first country to establish a “green zone” at the 16th Conference of the Parties (COP 16) to the United Nations Convention to Combat Desertification (UNCCD), which will be held in Riyadh in early December.
This green zone will feature the participation of numerous organizations dedicated to combating desertification and will serve as the largest area for showcasing technological and innovative solutions to prevent land degradation.
According to available information, the Saudi government is involving the private sector in various matters through this zone, including sustainable mining, land restoration, drought, water management, sandstorms, and the roles of regional and international governmental and private sectors. Other focus areas include sustainable textile production, monitoring, reporting, and local content and initiatives specific to the Kingdom.
This green zone, which spans around 130,000 square meters, will bring together companies, NGOs, scientists, experts, and youth from all over the world to envision a sustainable future for the planet. Saudi Arabia aims to engage 197 countries, with more than 200,000 expected visitors and 150 participating organizations.
Saudi Arabia is hosting COP 16 to promote cooperation among the 197 countries that have signed the UN Convention to Combat Desertification, mobilizing resources to find effective solutions for rehabilitating millions of hectares of degraded land and addressing drought. The aim is to support decision-makers and encourage the role of the private sector and civil society organizations in environmental protection and natural resource preservation.
COP 16 is the largest UN conference dedicated to land protection and combating desertification, with a crucial focus on the global mission to restore degraded land.
During a dialogue session held as part of an event organized by the Ministry of Environment, Water, and Agriculture, both Saudi Arabia and the UN emphasized the need for international cooperation to halt global land degradation and ensure sustainable living on Earth.
According to the ministry, 99% of the world’s food comes from the land, and vegetation helps collect around 75% of the planet’s freshwater. Forests and grasslands host approximately 90% of global biodiversity.
International reports estimate that around 3 billion people worldwide are affected by land degradation, with economic losses amounting to approximately $6 trillion. According to data from the UN Convention to Combat Desertification, up to 40% of the world’s land is degraded, affecting half of the global population. The goal of restoring 1.5 billion hectares of degraded land by 2030 is seen as a critical global priority.



20 Tech Companies Listed on Tadawul with a Value Exceeding $39 Billion

Deputy Governor of the Communications, Space and Technology Authority for the Technology Sector (Asharq Al-Awsat)
Deputy Governor of the Communications, Space and Technology Authority for the Technology Sector (Asharq Al-Awsat)
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20 Tech Companies Listed on Tadawul with a Value Exceeding $39 Billion

Deputy Governor of the Communications, Space and Technology Authority for the Technology Sector (Asharq Al-Awsat)
Deputy Governor of the Communications, Space and Technology Authority for the Technology Sector (Asharq Al-Awsat)

Raed Al-Fayez, Deputy Governor of the Communications, Space, and Technology Commission for the Technology Sector, revealed that the number of tech companies listed on the Saudi stock market has grown to 20 in 2023, with a market value of around SAR 148 billion ($39.5 billion). This marks a significant increase from just two companies in 2020.

Speaking on Wednesday at the opening presentation of the fourth edition of the Digital Technology Forum under the theme, “Integration for a Sustainable Digital Future,” Al-Fayez noted that Saudi Arabia’s tech sector market size reached approximately SAR91 billion ($24.3 billion) in 2023, making it the largest in the region.

He added that the key enablers in the sector include a supportive investment environment, enabling regulatory frameworks, the availability of talents and expertise, and a renewed digital infrastructure.

Al-Fayez further highlighted that Saudi Arabia leads the region in venture capital investments, with a value of $1.4 billion, providing financial support for ideas and entrepreneurs. By mid-2023, the Kingdom ranked first in the region and second globally among emerging markets in venture capital funding.

He also mentioned that the Saudi tech sector boasts the largest workforce in the region, with 360,000 employees by the second quarter of this year, specializing in various fields. Women make up 35% of this workforce, a rate higher than the European Union average, the G20, and even Silicon Valley.