Saudi Incentives, Support Programs Curb COVID-19 Repercussions

Streets of Riyadh are deserted during lockdown during the Eid al-Fitr holiday. (SPA)
Streets of Riyadh are deserted during lockdown during the Eid al-Fitr holiday. (SPA)
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Saudi Incentives, Support Programs Curb COVID-19 Repercussions

Streets of Riyadh are deserted during lockdown during the Eid al-Fitr holiday. (SPA)
Streets of Riyadh are deserted during lockdown during the Eid al-Fitr holiday. (SPA)

Reports and research centers in Saudi Arabia said that stimulus packages and government support programs, which were adopted before the outbreak of COVID-19 in the Kingdom, succeeded in mitigating the deteriorating effects of the virus in the first half of 2020.

A recent report by researchers at Jadwa Investment Company stressed that Saudi authorities have taken many precautions to prevent the quick spread of the coronavirus, noting that the impact of the outbreak on the Kingdom’s economy was not yet clear.

Raja Asad Khan, head of the company’s research department, and Dr. Nouf Al Sharif, senior economist, said the pandemic across the world has led to a widespread and permanent turmoil in world trade and industrial output for the current year 2020, which will inevitably impact the local economy.

He underlined, however, that although the developments associated with the coronavirus would weaken growth prospects of the global economy, optimism about easing monetary policies globally, as well as expectations of more substantial financial stimulus by some countries, including Saudi Arabia, would alleviate the negative economic impacts of the virus, which will likely remain limited to the first half of the year.

The report suggested that the wholesale and retail trade, in addition to restaurants and hotels, would see a decline in growth this year, as a result of the cancellation of entertainment and recreation activities, especially during the second half of 2020.

A gradual recovery of activities in the Kingdom is expected in the third quarter, as the impact of the coronavirus is expected to decrease worldwide, according to the report.



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.