Saudi Arabia Seeks Development of Vegetation by Planting 10 Million Trees in 2020

The Saudi Ministry of Environment, Water and Agriculture launched several initiatives to develop vegetation in the Kingdom. (SPA)
The Saudi Ministry of Environment, Water and Agriculture launched several initiatives to develop vegetation in the Kingdom. (SPA)
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Saudi Arabia Seeks Development of Vegetation by Planting 10 Million Trees in 2020

The Saudi Ministry of Environment, Water and Agriculture launched several initiatives to develop vegetation in the Kingdom. (SPA)
The Saudi Ministry of Environment, Water and Agriculture launched several initiatives to develop vegetation in the Kingdom. (SPA)

The Saudi Ministry of Environment, Water and Agriculture launched on Monday several initiatives to develop vegetation in the Kingdom, including a project to develop tree locations and grow forests.

The aim is to plant 10 million trees and improve vegetation in 60,000 hectares by the end of 2020, said the Minister of Environment, Water and Agriculture Abdulrahman Al-Fadle.

This initiative will use local plants and renewable water sources.

Fadle, meanwhile, revealed that the ministry has completed preparations for the national strategy on water, which includes a comprehensive assessment of environment components, such as forests, marine life, air quality and waste management.

The strategy was prepared by following global practices adopted by several developed countries, said the minister.

He made his remarks during the inauguration of a workshop on fighting deforestation and reaching innovative means to manage dry regions in Riyadh.

Fadle continued that the ministry prepared the “green kingdom program” that aims at building the required cognitive foundation and executive framework to develop vegetation and combat deforestation.

The minister said that his ministry completed a strategy on pastures, which aims at achieving sustainable management of pastoral resources. This includes introducing modern patterns in livestock breeding.



Gold Firms in Thin Trade as Investors Weigh Fed Outlook

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo
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Gold Firms in Thin Trade as Investors Weigh Fed Outlook

Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo
Gold bars from the vault of a bank are seen in this illustration picture taken in Zurich November 20, 2014. REUTERS/Arnd Wiegmann/File Photo

Gold prices firmed on Monday, although trading was thin due to the holiday season and as investors looked for cues on the US Federal Reserve's monetary policy trajectory for next year after it signaled gradual easing in its latest meeting.
Spot gold added 0.3% at $2,628.63 per ounce, as of 0941 GMT, trading in a narrow $16 range. US gold futures eased 0.1% to $2,643.10.
"(It's a) Quiet day with lower liquidity and limited data releases during the holiday season," said UBS analyst Giovanni Staunovo.
"We retain a constructive outlook for gold in 2025, targeting a move to $2,800/oz by mid-2025."
The Fed cut rates by 25 basis points on Dec. 18, although the central bank's predictions of fewer rate cuts in 2025 resulted in a decline in gold prices to their lowest level since Nov. 18 last week.
US consumer spending increased in November, supporting the Fed's hawkish stance, a sentiment that was also shared by San Francisco Fed President Mary Daly.
Higher interest rates dull non-yielding bullion's appeal.
"Presently, we are in a lull for Christmas week with the gold price trending sideways. Federal Reserve policy is clear with expectations of rising interest rates in the second half of the year," said Michael Langford, chief investment officer at Scorpion Minerals.
"The next big impact is the incoming presidency of (Donald) Trump and the initial presidential decrees that he might declare. This has the potential to add to market volatility and be bullish for gold prices."
Gold, often considered a safe-haven asset, typically performs well during economic uncertainties.
Spot silver rose 0.8% to $29.75 per ounce and platinum climbed 1.3% to $938.43. Palladium steadied at $920.53.