‘Middle East Green Initiative’ Aims to Launch Projects in Multiple Countries by 2025

A group photo of participants at the Jeddah meeting, which approved the membership of 10 countries (Ministry of Environment)
A group photo of participants at the Jeddah meeting, which approved the membership of 10 countries (Ministry of Environment)
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‘Middle East Green Initiative’ Aims to Launch Projects in Multiple Countries by 2025

A group photo of participants at the Jeddah meeting, which approved the membership of 10 countries (Ministry of Environment)
A group photo of participants at the Jeddah meeting, which approved the membership of 10 countries (Ministry of Environment)

Dr. Osama Faqih, head of the executive committee for the “Middle East Green Initiative,” announced plans to launch several qualifying projects in member countries by the end of 2025.

He also stated that the initiative will establish a secretariat and outlined specific criteria for selecting the Secretary-General, who will be approved by the executive committee and the ministerial council.

Faqih outlined the implementation phases of the initiative, starting with a founding team of 16 regional countries and an executive committee of 20 founding states. This committee will establish the governance for the initiative, as projects will be based in member countries.

Speaking to Asharq Al-Awsat, Faqih explained that funding will come from regional and international countries, the private sector, and various financial institutions, according to the initiative’s charter.

He noted that Crown Prince Mohammed bin Salman announced a donation during the second summit of the Middle East Initiative in Sharm El Sheikh, Egypt, held alongside the Climate Conference. The secretariat will be located in Riyadh.

Membership in the initiative is divided into two categories: regional countries, which include Central and Southwestern Asia, North Africa, and sub-Saharan Africa, can host projects and contribute to achieving the initiative's goals. Non-regional countries can also join to support financial and technical funding.

The initiative prioritizes land rehabilitation, with Faqih highlighting the global challenges of land degradation and desertification.

He noted that over 99% of the world’s calories and about 95% of food come from land, making these issues critical for food security. The initiative aims to rehabilitate 200 million hectares of land in member countries, providing significant environmental, economic, and social benefits, such as carbon storage, vegetation growth, food security, and social welfare.

Faqih’s comments followed the first session of the ministerial council for the “Middle East Green Initiative,” held in Jeddah, Saudi Arabia.

The council welcomed ten regional countries and one non-regional country, the United Kingdom, as an observer.

They also set ambitious national policies and targets for vegetation development, agreeing on a governance structure that includes 32 elements covering the organizational framework, secretariat, project types, submission mechanisms, evaluation criteria, and funding processes.

Saudi Minister of Environment, Water, and Agriculture Abdulrahman Al-Fadley, who chaired the session, emphasized the need for regional cooperation to enhance vegetation development and address environmental challenges, particularly desertification and limited greenery in the region.

He indicated that the meeting marks a shift to the implementation phase, urging all member countries, both regional and non-regional, to join and actively participate in the initiative and its trust fund.



Trade War Woes Propel Gold to Record High

A miner filters with water the soil extracted from gold quarries in Paso Yobai, Guaira Department, Paraguay, on February 11, 2025. (Photo by Daniel DUARTE / AFP)
A miner filters with water the soil extracted from gold quarries in Paso Yobai, Guaira Department, Paraguay, on February 11, 2025. (Photo by Daniel DUARTE / AFP)
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Trade War Woes Propel Gold to Record High

A miner filters with water the soil extracted from gold quarries in Paso Yobai, Guaira Department, Paraguay, on February 11, 2025. (Photo by Daniel DUARTE / AFP)
A miner filters with water the soil extracted from gold quarries in Paso Yobai, Guaira Department, Paraguay, on February 11, 2025. (Photo by Daniel DUARTE / AFP)

Gold breached the $3,100 level on Monday to touch an all-time high as investors turned to the safe-haven asset amid concerns that US President Donald Trump's tariff plans would widen the global trade war and trigger an economic fallout.
Spot gold added 0.9% to $3,110.81 an ounce as of 0444 GMT after hitting a record high of $3,115.79 earlier. Bullion has gained more than 8% in March, Reuters reported.
The dollar index eased 0.2%, making greenback-priced gold less expensive for buyers holding other currencies.
"Markets' anxiety levels have been ramping up ahead of the reciprocal US tariff announcements, which is keeping gold in high demand as a defensive play," KCM Trade chief market analyst, Tim Waterer said.
"If the tariff announcements this week are not as severe as feared, then the gold price could start to backtrack as profit-taking from the highs may be triggered."
Trump is expected to announce reciprocal tariffs on April 2, while auto tariffs will take effect on April 3.
On Sunday, the US president said he was "pissed off" at Russian President Vladimir Putin and would impose secondary tariffs of 25%-50% on buyers of Russian oil if he feels Moscow is blocking his efforts to end the war in Ukraine, further escalating trade war concerns.
Gold, traditionally seen as a hedge against political and economic uncertainties, has risen more than 18% this year. The rally prompted multiple banks to increase their 2025 forecasts.
Meanwhile, San Francisco Federal Reserve Bank President Mary Daly said inflation data released on Friday confirms her decreased confidence in her baseline expectation that two interest rate cuts this year are a "reasonable" projection.
Spot silver rose 0.7% to $34.35 an ounce, platinum was steady at $984.07 and palladium gained 0.5% to $976.72. All three metals are set for a monthly rise.