Investment Requests in Saudi Industries Exceed $13 Billion

A worker housing project in Yanbu. (SPA)
A worker housing project in Yanbu. (SPA)
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Investment Requests in Saudi Industries Exceed $13 Billion

A worker housing project in Yanbu. (SPA)
A worker housing project in Yanbu. (SPA)

Official information revealed on Monday that requests for investment in Saudi basic and manufacturing industries in the cities of Jubail and Yanbu amounted to SAR 50 billion ($13.3 billion) during the first quarter of 2020, despite the repercussions of the outbreak of the novel coronavirus.

Royal Commission president for the two cities, Abdullah bin Ibrahim Al-Saadan, said that the Kingdom’s effective steps to protect citizens and residents from the pandemic and the early and firm precautionary measures it has taken have reduced its negative effects on various aspects of life.

Al-Saadan was speaking during a virtual meeting held on Monday with the members of the National Committee for Industry in the Council of Saudi Chambers, with the participation of the executive heads of the Royal Commission, to answer the questions of businessmen and investors from different regions of the Kingdom.

He noted that the industry and mineral wealth sector was the target of great initiatives to support and stimulate the economy and reduce operating costs and financial obligations to the private sector.

Al-Saadan explained that shipping lines that connect the industrial city of Yanbu with the port of Jeddah and East African ports would serve many investors through the quick access to customers and markets at an appropriate cost and would greatly increase the volume of exports and imports in the future.

With regards to employment in industrial areas, he stated that the Royal Commission was working on a development project that targets the workers’ residential areas.



FAO Aims for Key Outcomes at COP16 in Saudi Arabia

Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)
Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)
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FAO Aims for Key Outcomes at COP16 in Saudi Arabia

Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)
Preparations in the Saudi capital ahead of hosting the COP16 conference on combating desertification (from the “COP16” page on the X platform)

Dr. Abdul Hakim Elwaer, Assistant Director-General of the Food and Agriculture Organization (FAO), stated that the organization will take an active role at COP16, the UN conference on combating desertification, scheduled to take place in Saudi Arabia in early December.

In remarks to Asharq Al-Awsat, he expressed confidence that the conference—the first of its kind in the Middle East—would produce significant outcomes.

Elwaer’s comments came during a roundtable organized by FAO’s regional office in Cairo, attended by a select group of media representatives. The session focused on FAO’s participation in the upcoming conference and the importance of the Rio Trio —the integrated framework of the three major UN conventions addressing climate change, biodiversity conservation, and desertification.

Fida Haddad, FAO’s Program Officer for Land Rehabilitation and Climate Change, highlighted the interconnectedness of the three conventions and noted that COP16 would place a strong emphasis on land and water rehabilitation and their sustainable management.

Haddad pointed out that approximately 90% of the Middle East is affected by arid conditions. Despite this, local communities and Arab governments have made notable progress in addressing desertification and drought. She also announced that, for the first time, FAO has successfully placed food systems on the COP16 agenda, enabling discussions on how land rehabilitation can enhance food supply chains and systems.

Elwaer underscored FAO’s central role in achieving the second Sustainable Development Goal (SDG): eradicating hunger. He emphasized that FAO actively engages in the UN conventions on climate change, biodiversity, and desertification, which collectively contribute to this mission.

FAO’s focus, according to Elwaer, is on transforming food and agricultural systems to become more inclusive, efficient, and sustainable, aiming for better production, nutrition, and livelihoods. He highlighted the organization’s success in integrating these priorities into the agendas of the three conventions and collaborating with host countries on joint initiatives.

He further noted that Saudi Arabia’s hosting of COP16 is particularly significant for the region, which faces pressing challenges such as water scarcity, desertification, and food insecurity. The conference presents an opportunity for Middle Eastern nations to highlight these issues, explore solutions, and ensure their inclusion in global environmental discussions, not only at this event but in future COP sessions, he underlined.

Elwaer emphasized the growing global attention on desertification, as it is now impacting regions previously unaffected, such as southern Europe and parts of Latin America. These areas are witnessing alarming declines in arable land and forests, prompting them to seek lessons from the Arab world, which has developed resilience strategies to combat desertification over centuries.

FAO will have a strong presence at COP16, with two dedicated pavilions—one in the Blue Zone for official delegations and another in the Green Zone to engage civil society and conference participants, he said.

He added that in collaboration with Saudi Arabia and the UN, FAO will lead coordination on Food Day and Governance Day, scheduled for December 5 and 6, respectively. The organization will also participate in other specialized sessions throughout the conference.