COP 16 Launches Monday in Riyadh: Advancing a World Free of Desertification

Riyadh is hosting this Monday the 16th Conference of the Parties (COP 16). (Asharq Al-Awsat)
Riyadh is hosting this Monday the 16th Conference of the Parties (COP 16). (Asharq Al-Awsat)
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COP 16 Launches Monday in Riyadh: Advancing a World Free of Desertification

Riyadh is hosting this Monday the 16th Conference of the Parties (COP 16). (Asharq Al-Awsat)
Riyadh is hosting this Monday the 16th Conference of the Parties (COP 16). (Asharq Al-Awsat)

Global attention turns to Riyadh, Saudi Arabia, as it hosts the 16th Conference of the Parties (COP 16) under the United Nations Convention to Combat Desertification (UNCCD). The event seeks to address environmental challenges threatening the planet, intensify efforts to combat land degradation, and reduce the impact of drought.
From December 2 to 13, Riyadh will host representatives from 197 countries, signatories to the UNCCD, to collaborate on effective solutions for rehabilitating millions of hectares of degraded land and building resilience against drought. The conference aims to support policymakers while engaging the private sector and civil society in protecting the environment and conserving natural resources.
COP 16 is the largest meeting in the history of the UNCCD and the first to be held in the Middle East. It also represents Saudi Arabia’s largest-ever multilateral conference and coincides with the 30th anniversary of the UNCCD, established alongside the Rio Conventions on climate change and biodiversity in 1992.
UN Secretary-General Antonio Guterres highlighted the significance of COP 16 as a potential turning point, renewing global commitment to accelerating investments in land restoration and drought resilience. He described it as the largest UN conference on land to date and a landmark event for the Middle East and North Africa.
Saudi Arabia is a key supporter of global environmental efforts. The Crown Prince’s Saudi Green Initiative aims to rehabilitate 49 billion square meters of land. This initiative has gained regional and international support, with Gulf nations already undertaking reforestation and coastal protection projects.
The Conference Program
The conference features an innovative dual-track approach, combining formal negotiations with an action-oriented agenda, according to the COP 16 presidency. This approach aims to address urgent global crises, including desertification, land degradation, and drought, through practical and implementable decisions.
The action agenda will focus on showcasing voluntary initiatives, innovative solutions, and discussions on key topics such as artificial intelligence, sustainable land management, and the social and economic impacts of land degradation. High-level ministerial sessions will explore critical issues, including drought resilience, financing, and the relationship between land degradation, forced migration, and security.
Dr. Osama Faqeeha, Deputy Minister for Environment and advisor to COP 16, emphasized the pivotal role of the conference in tackling global challenges related to land degradation and drought. He noted that Saudi Arabia has introduced the first-ever Green Zone in COP history. This zone aims to engage scientists, businesses, financial institutions, NGOs, and the public in collaborative efforts to drive lasting change.
The COP 16 agenda includes thematic days to focus discussions and accelerate outcomes: December 4: Earth Day, December 5: Food Systems Day, December 6: Governance Day, December 7: Peoples’ Day, December 9: Science, Technology, and Innovation Day, December 10: Capacity Building Day, and December 11: Finance Day.
Saudi Green Initiative Forum
In parallel with COP 16, Riyadh will host the 4th annual Saudi Green Initiative Forum on December 3–4 under the theme “Inspired by Nature”. The forum will gather policymakers, business leaders, and experts from around the world to share best practices, explore innovative solutions, and review progress toward the initiative’s sustainability goals.
Land degradation currently affects approximately 40% of the Earth’s surface, impacting the lives of 3.2 billion people worldwide, according to the UNCCD. Each year, nearly 100 million hectares of land deteriorate, while drought intensity and frequency have risen by one-third since 2000.
Despite the urgent need for action, restoration and resilience efforts remain significantly underfunded. COP 16 aims to prioritize mobilizing public and private financing to accelerate land restoration and enhance global resilience, building a sustainable future for both people and the planet.

 



Saudi PIF, Elm Sign Agreement for Elm to Acquire Thiqah

The Public Investment Fund (PIF) logo
The Public Investment Fund (PIF) logo
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Saudi PIF, Elm Sign Agreement for Elm to Acquire Thiqah

The Public Investment Fund (PIF) logo
The Public Investment Fund (PIF) logo

The Public Investment Fund (PIF) and Elm, a leading digital solutions company, have signed a share sale and purchase agreement for Elm to acquire Thiqah Business Services Company – a firm specializing in smart technology solutions for business services – in a deal valued at $907 million (SAR3.4 billion).

Completion is expected once regulatory approvals are obtained and certain conditions are satisfied under the agreement.

According to a PIF statement, the transaction will further support a thriving local information and communication technologies (ICT) ecosystem and contribute to PIF’s strategy which aligns with the Vision 2030 aim of using digital transformation to create the high-skills jobs of the future and further grow the Saudi economy. The deal will enhance the growth of the ICT sector, drive innovation, and localize technologies and knowledge by strengthening Elm to lead the sector at the national level, maximizing the value chain by providing a wide range of ICT products, services and devices.

The ICT sector is among PIF’s strategic priority investment sectors, being a key enabler of other key sectors, including entertainment, financial services, healthcare, transport and logistics, and utilities and renewables, the statement said.

“PIF is committed to enabling the creation of national champions which contribute to driving the development and growth of the Saudi economy. PIF’s sale of Thiqah to Elm will contribute to enhancing the vital role of the ICT sector and will strengthen efforts to localize technology and drive innovation,” Head of Technology and Media, MENA Investments, at PIF Shahd Attar said.

CEO of Elm Mohammad Abdulaziz Alomair said: “This is an important transaction for Elm, as it enhances integration, rationalizes spending, increases profitability, and provides qualitative advantages for both parties and the market.”

“The combined integrated entity will be better able to create advanced national smart services to serve market requirements and clients’ needs. It will also contribute to facilitating innovative operations and capabilities to develop products in the business field with cost advantages while achieving economies of scale,” he added.