Saudi Arabia, IFAD Partner to Fight Hunger

Maize planting and harvest season in one of Saudi Arabia’s provinces (File photo courtesy of SPA)
Maize planting and harvest season in one of Saudi Arabia’s provinces (File photo courtesy of SPA)
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Saudi Arabia, IFAD Partner to Fight Hunger

Maize planting and harvest season in one of Saudi Arabia’s provinces (File photo courtesy of SPA)
Maize planting and harvest season in one of Saudi Arabia’s provinces (File photo courtesy of SPA)

Amid a widening global food gap and the mounting impacts of climate change, the International Fund for Agricultural Development (IFAD) has underscored the vital importance of boosting support for agricultural and food-related activities to drive sustainable development in rural areas.

 

The UN agency praised its strong and multifaceted cooperation with Saudi Arabia, highlighting key areas of focus that include food security, rural development, and strengthening resilience to environmental changes.

 

IFAD is also ramping up efforts to promote the “blue economy” as part of its broader strategy to support sustainable development, particularly in rural and coastal communities, a senior official told Asharq Al-Awsat.

 

Naoufel Telahigue, IFAD’s Regional Director for the Near East, North Africa and Europe, said the Rome-based UN agency is working to scale up sustainable use of oceans, seas, and water resources to drive economic growth, improve livelihoods, and safeguard marine ecosystems.

 

“The blue economy is an emerging development approach that recognizes the economic potential of our marine and aquatic resources—when used sustainably,” he said.

 

According to Telahigue, IFAD has implemented more than 100 projects across 35 countries over the past four decades, with total investments exceeding $3.4 billion, of which the Fund contributed $1.5 billion.

 

These projects have reached over 80 million beneficiaries, including fishers, aquaculture farmers, seafood processors, traders, as well as women, youth, Indigenous peoples and persons with disabilities.

 

Currently, over 75 active IFAD-supported projects target fisheries, aquaculture, and livelihoods in coastal zones.

 

The blue economy spans a range of sectors, including sustainable fishing, aquaculture, coastal tourism, marine renewable energy, maritime transport, and waste management. Telahigue said IFAD is focused on helping rural populations reduce poverty, boost food security, improve nutrition, and build resilience to environmental shocks.

 

Since its establishment in 1978, IFAD has provided more than $25 billion in low-interest loans and grants to fund development projects in low- and middle-income countries.

 

Telahigue pointed to a set of challenges hampering IFAD’s mission, including limited funding amid rising global crises, the growing impact of climate change on livelihoods, and poor infrastructure in targeted regions. He also highlighted political instability and armed conflict as key obstacles to project implementation and sustainability.

 

“The lack of inclusivity and equal access to resources remains a major concern,” he added.

 

To address these issues, Telahigue called for strengthening partnerships, adopting innovative financing solutions, and developing flexible, community-based interventions. He stressed the importance of improving monitoring and evaluation systems to ensure long-term sustainability and maximize impact.

 

Saudi Arabia continues to provide robust and diversified support to the International Fund for Agricultural Development (IFAD), with a focus on rural development, food security and climate change adaptation, a senior official at the UN agency said.

 

As a founding member of IFAD, the Kingdom has contributed more than $485 million since 1977, reflecting its long-standing commitment to poverty reduction and strengthening food systems in developing countries, said Telahigue.

 

He described the opening of IFAD’s liaison office in Riyadh in 2019 as a pivotal step toward deepening partnerships with Gulf Cooperation Council (GCC) countries, facilitating knowledge exchange, and rolling out innovative initiatives.

 

Among them is the “reimbursable technical assistance” program, which supports smallholder farmers in Saudi Arabia’s Jazan region with climate-smart production models for crops such as coffee and mango.

 

In 2021, IFAD signed a cooperation agreement with the King Salman Humanitarian Aid and Relief Center to combat hunger and malnutrition in the world’s most vulnerable countries by improving sustainable access to food.

 

Telahigue said IFAD’s goals align closely with Saudi Arabia’s flagship environmental initiatives, including the Saudi Green Initiative and the Middle East Green Initiative, which aim to restore ecosystems and promote environmental sustainability—both on land and across marine and coastal zones.

 



Private Sector Fuels Saudi Arabia’s Growth Lead Among G20 Economies

A view of the Saudi capital, Riyadh. (SPA)
A view of the Saudi capital, Riyadh. (SPA)
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Private Sector Fuels Saudi Arabia’s Growth Lead Among G20 Economies

A view of the Saudi capital, Riyadh. (SPA)
A view of the Saudi capital, Riyadh. (SPA)

Fueled by a surging private sector and expanding non-oil industries, Saudi Arabia is poised to become the G20’s fastest-growing economy in 2027, overtaking India, according to International Monetary Fund (IMF) forecasts released last week.

The IMF expects the Saudi economy to grow by 7.9%, ahead of India’s projected 7%, highlighting the Kingdom’s economic transformation as regulatory and legislative reforms unlock new investment opportunities.

Saudi Arabia’s Ministry of Investment said the forecast underscores the economy’s strength and resilience while opening new avenues for investment and growth.

Momentum in the private sector and the expansion of non-oil activities are helping steer the Kingdom toward a more diversified, sustainable and investment-friendly economy, it said.

The IMF sharply raised its forecast for Saudi Arabia’s real gross domestic product (GDP) growth to 7.9%, from 5.5% in July, an upward revision of 2.4 percentage points that reflects prospects for recovery from the fallout of war and disruptions to trade and energy markets.

The outlook also highlights the structural transformation underway through Saudi Arabia’s Vision 2030, as non-oil sectors take on a greater role in driving growth and strengthening the economy against global headwinds.

The focus now shifts to whether the Kingdom can sustain that momentum and turn rapid expansion into lasting investment opportunities and jobs.

New sectors drive growth

Saudi Arabia’s projected lead among G20 economies signals a deeper structural shift away from its traditional reliance on oil revenues, according to Fahad Binjumah, an economist and former member of the Saudi Shura Council.

The private sector is emerging as a major engine of growth, bolstered by regulatory and legislative reforms, expanding investment opportunities and the rising contribution of non-oil industries.

Binjumah told Asharq Al-Awsat that the shift marks Saudi Arabia’s gradual transition from direct government stimulus toward a more diversified and productive economy capable of generating growth.

Major government investments have helped lay the groundwork, creating a stronger business environment and opening new sectors to local and foreign investors, he explained.

Strategic projects in tourism, industry, logistics and technology are also generating economic activity well beyond their immediate scope. Investment spending is rippling through supply chains and small and medium-sized businesses, widening commercial opportunities and drawing more parts of the economy into the growth cycle.

But for Binjumah, topping the G20 growth rankings is less important than sustaining that performance over the coming years.

"The main challenge is to turn economic expansion into long-term productivity gains by improving the efficiency of domestic businesses, boosting non-oil exports, developing skills and increasing private investment independent of government spending," he stressed.

Progress on those fronts would propel Saudi Arabia into a more advanced stage of economic diversification, where success is measured not simply by rapid growth but by a more resilient, competitive economy that generates added value and sustainable jobs, he added.

Reforms bolster economic resilience

Saudi Arabia’s rise in G20 growth projections is the product of years of economic reform, not a short-lived boost in any single sector, said Nasser Al-Sahli, president of the Saudi Governance Center.

Legislative changes, easier business procedures, wider investor participation and the restructuring of key sectors have made the economy more attractive to investment and better equipped to turn capital into productive activity, Al-Sahli told Asharq Al-Awsat.

The private sector’s expanding role shows that these reforms are increasingly translating into tangible economic gains, he said.

Their importance has grown amid geopolitical tensions, global trade and energy disruptions, and risks surrounding strategic maritime routes in the region. A broader non-oil economic base is helping Saudi Arabia diversify its income sources and reduce its exposure to external shocks.

"Economic diversification does not mean complete isolation from global developments, but building a productive and investment system capable of adapting to them and maintaining business continuity under different conditions," Al-Sahli said.

The next test will be whether Saudi Arabia’s private sector can move beyond capitalizing on opportunities created by government projects to driving investment expansion independently and sustainably, he went on to say.

That will require stronger productivity and competition, better access to financing, greater innovation and a larger international footprint for Saudi companies.

Al-Sahli said the real significance of Saudi Arabia’s projected G20 lead lies not in the ranking itself but in its ability to turn growth momentum into a more diversified and efficient economy, powered by a private sector that creates high-quality jobs and lasting economic value.

How G20 economies rank

India is forecast to rank second in G20 economic growth in 2027 at 7%, followed by Indonesia at 5.1%, China at 4% and Türkiye at 3.6%, according to IMF figures presented by the Saudi Ministry of Investment.

Argentina ranks sixth at 3.5%, followed by South Korea at 2.8% and the United States at 2.3%. Brazil is projected to grow by 1.9%, Mexico by 1.8%, Canada by 1.7%, Australia by 1.6%, South Africa by 1.3% and the United Kingdom by 1.2%. Germany is forecast to expand by 1.1% and Russia by 0.9%, while France and Japan are each expected to grow by 0.7%.


Saudi Arabia Leads G20 with 7.9% Growth Forecast in 2027

King Abdullah Financial District in Riyadh (Asharq Al-Awsat)
King Abdullah Financial District in Riyadh (Asharq Al-Awsat)
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Saudi Arabia Leads G20 with 7.9% Growth Forecast in 2027

King Abdullah Financial District in Riyadh (Asharq Al-Awsat)
King Abdullah Financial District in Riyadh (Asharq Al-Awsat)

Saudi Arabia is projected to lead the G20 countries in economic growth forecasts for 2027, according to International Monetary Fund (IMF) estimates. The IMF projects the Kingdom's real GDP to grow by 7.9 percent, the highest rate among the group's economies, as shown in data published by the Saudi Ministry of Investment.

The Fund had previously raised its projections for the Kingdom's real GDP growth to 7.9 percent, compared to 5.5 percent in its July estimates, an increase of 2.4 percentage points.

This revision comes amid expectations of economic activity regaining momentum as regional conflict-related disruptions subside, and oil production and exports gradually return to normal levels.

India ranked second among G20 countries with a projected growth rate of 7 percent, followed by Indonesia at 5.1 percent, then China at 4 percent, and Türkiye at 3.6 percent, according to IMF data reviewed by the Ministry.

Argentina came in sixth with projected growth of 3.5 percent, followed by South Korea at 2.8 percent, then the United States at 2.3 percent. Projections for Brazil stood at 1.9 percent, Mexico at 1.8 percent, Canada at 1.7 percent, Australia at 1.6 percent, South Africa at 1.3 percent, and the United Kingdom at 1.2 percent.

Germany registered projected growth of 1.1 percent, Russia 0.9 percent, while projections for France and Japan were 0.7 percent each, with Italy coming in last at 0.6 percent.

Growth Forecasts Revised

In an assessment of the recovery path, the Fund noted that the diversification of Saudi energy export routes limits the Kingdom's vulnerability to geopolitical disruptions compared to some regional economies. This is due to the the East-West Pipeline's ability to divert some oil exports to Yanbu Port on the Red Sea, away from the Strait of Hormuz.

The IMF's estimates align with the World Bank's projections, which also raised its forecast for Saudi economic growth in 2027 to 7.9 percent, compared to 4.9 percent in its April estimates, while anticipating a 2 percent contraction in GDP during 2026.

Globally, the IMF expects the world economy to grow by 3.1 percent in 2026 before rising to 3.4 percent in 2027, placing Saudi Arabia's growth forecast at more than double the projected global rate for the coming year.

The Saudi Ministry of Investment said that the Kingdom’s leading growth outlook among G20 countries reflects the strength and resilience of its economy and opens up broader prospects for investment and growth.

This is supported by strong private-sector momentum and the expansion of non-oil activities, reinforcing the Kingdom’s shift toward a more diversified, sustainable, and investment-friendly economy.


Saudi Arabia to Host Global Water Innovation Conference in Jeddah

 Participants at a previous edition of the Innovation Driven Water Sustainability Conference. (Saudi Water Authority)
Participants at a previous edition of the Innovation Driven Water Sustainability Conference. (Saudi Water Authority)
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Saudi Arabia to Host Global Water Innovation Conference in Jeddah

 Participants at a previous edition of the Innovation Driven Water Sustainability Conference. (Saudi Water Authority)
Participants at a previous edition of the Innovation Driven Water Sustainability Conference. (Saudi Water Authority)

Saudi Arabia will host water industry experts from more than 140 countries in Jeddah from December 14 to 16 for a conference focused on harnessing innovation to tackle growing water security challenges.

Organized by the Saudi Water Authority, the Innovation Driven Water Sustainability Conference (IDWS 2026) is expected to draw more than 10,000 participants and 250 speakers, with an exhibition featuring over 150 international brands.

Bringing together researchers, investors, technology companies and water utility operators, the event aims to bridge the gap between scientific advances and the practical needs of the industry, helping promising solutions reach commercial markets.

Tariq Al-Ghafari, the authority’s vice president for research and emerging water technologies, described the conference as an opportunity to connect new technologies with financing and operational expertise, paving the way for wider adoption.

The gathering comes as pressure on water resources intensifies, creating growing demand for investment in infrastructure and technology.

The global market for water security and infrastructure management is estimated at $303.8 billion, while planned construction and engineering projects in the water and wastewater sectors exceed $1.2 trillion.

Meeting the UN Sustainable Development Goals for clean water and sanitation will require an additional $131 billion to $140 billion annually, highlighting the scale of investment needed to expand access and modernize infrastructure.

According to the World Health Organization and UNICEF, around 1.8 billion people live in households without water supplies on the premises.

Agriculture alone accounts for approximately 72% of global freshwater withdrawals, according to the UN Food and Agriculture Organization, underscoring the importance of improving efficiency in water-intensive sectors.

Against this backdrop, the conference will explore ways to expand treated wastewater reuse, promote circular economy practices and apply artificial intelligence, digital technologies and data analytics to water management.

Discussions will also examine how regulation, financing and workforce development can speed up the adoption of new technologies, while improving efficiency across the water cycle, from production and treatment to resource recovery.

The program includes the MiyahThon innovation competition, startup showcases and the fourth edition of the Global Prize for Innovation in Water.

These initiatives are designed to bring innovators together with investors and water operators, giving emerging technologies a clearer path from development to commercial deployment.

By connecting research with investment and industry needs, the conference aims to help turn promising ideas into practical solutions as countries seek more efficient, resilient and sustainable water infrastructure.