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 Edges Higher in Holiday Trade; Eyes on Fed's 2025 Plan

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 Edges Higher in Holiday Trade; Eyes on Fed's 2025 Plan

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 inched higher on Thursday in holiday-thinned trade, as investors focused on the US Federal Reserve's interest rate strategy and anticipated tariff policies under President-elect Donald Trump, both of which could influence the metal's direction in the coming year.

Spot gold rose 0.2% to $2,619.59 per ounce, as of 0023 GMT.

According to Reuters, bullion has surged approximately 27% so far this year, scaling multiple record highs, fueled by significant Fed rate cuts, including a jumbo reduction in September, and heightened geopolitical uncertainties.

Meanwhile, US gold futures steadied at $2,637.10.

In a holiday-curtailed week, trading volumes will likely thin out as the year-end approaches, and Markets are eyeing jobless claims data due later in the day, while preparing for major policy shifts, including tariffs, deregulation and tax changes, in 2025 as Trump returns to the White House in January.

On the geopolitical level, the Palestinian militant group Hamas and Israel traded blame on Wednesday over their failure to conclude a ceasefire agreement despite progress reported by both sides in past days.

Gold is considered a safe investment option during economic and geopolitical turmoil and tends to thrive in a low interest rate environment.