COP16 Concludes with 35 Resolutions to Strengthen Efforts Against Desertification

A group photo at the conclusion of the COP16 conference (SPA).
A group photo at the conclusion of the COP16 conference (SPA).
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COP16 Concludes with 35 Resolutions to Strengthen Efforts Against Desertification

A group photo at the conclusion of the COP16 conference (SPA).
A group photo at the conclusion of the COP16 conference (SPA).

The 16th session of the Conference of the Parties to the United Nations Convention to Combat Desertification (COP16), held in Riyadh, concluded with the adoption of 35 resolutions addressing critical issues such as land degradation, drought, migration, sand and dust storms, and the promotion of science, research, and innovation.

The decisions also emphasized empowering women, youth, civil society, and indigenous communities to tackle environmental challenges. Additionally, new themes, including sustainable agricultural food systems and rangeland management, were incorporated into the Convention’s activities.

In his closing remarks, Abdulrahman Al-Fadley, Saudi Arabia’s Minister of Environment, Water, and Agriculture and President of COP16, reaffirmed the Kingdom’s dedication to preserving ecosystems, enhancing international cooperation, and combating desertification, land degradation, and drought during its presidency of this conference cycle.

Held from December 2 to 13, COP16 marked a historic milestone as the first conference of its kind to be hosted in the Middle East and North Africa. This underscores Saudi Arabia’s leadership in environmental protection at both regional and international levels. The conference saw the announcement of several major international partnerships to advance land restoration and resilience to drought. It also successfully secured over $12 billion in funding commitments from prominent international organizations, significantly bolstering the role of financial institutions and the private sector in addressing desertification and land degradation.

Al-Fadley expressed gratitude to the Custodian of the Two Holy Mosques and the Crown Prince for their unwavering support in hosting this pivotal international event, which reflects Saudi Arabia’s ongoing commitment to environmental preservation and sustainable development. The conference witnessed remarkable participation, with over 85,000 attendees, including representatives of international organizations, private sector stakeholders, civil society, research institutions, and indigenous groups. More than 900 events were held across the Blue and Green Zones, making this session a historic turning point in advancing global momentum toward the Convention’s goals.

Saudi Arabia unveiled three major environmental initiatives during the conference. Those include the Early Warning System for Dust and Sandstorms, the Riyadh Global Partnership for Drought Resilience, aimed at supporting 80 of the world’s most drought-prone countries, and the Business for Land Initiative, designed to enhance private sector involvement globally in sustainable land management

Al-Fadley welcomed the announcement of $12 billion in funding from regional donors to support projects combating land degradation and drought. He called on the private sector and international financial institutions to follow suit, emphasizing the importance of collective action to address global environmental challenges that affect water and food security worldwide.

He expressed hope that the outcomes of COP16 would serve as a transformative step in global efforts to preserve land, reduce degradation, and build capacity to combat drought, contributing to the well-being of communities around the globe. The minister reiterated Saudi Arabia’s commitment to collaborative international efforts to tackle environmental challenges through innovative and sustainable solutions, expanding green spaces, and fostering partnerships between governments, private sectors, and local communities.

Al-Fadley underscored the importance of leveraging modern technology, sharing knowledge, and launching initiatives to strengthen partnerships across sectors, including NGOs and financial institutions.



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.