G20 Highlights Importance of Digital Technology

Saudi Minister of Communications and Information Technology Abdullah Alswaha
Saudi Minister of Communications and Information Technology Abdullah Alswaha
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G20 Highlights Importance of Digital Technology

Saudi Minister of Communications and Information Technology Abdullah Alswaha
Saudi Minister of Communications and Information Technology Abdullah Alswaha

The Saudi Presidency of the G20 stressed on Wednesday that there is an agreed framework to tackle the digital divide in the world.

“If a health crisis like COVID-19 wiped out $6 trillion worth of economic value in few months… the world cannot afford to have a digital crisis that can wipe out the same economic value in a matter of weeks if not days,” said Saudi Minister of Communications and Information Technology Abdullah Alswaha.

“Digitalization has been at the heart of every transformational journey for creating wealth, prosperity, and competitiveness,” said Alswaha.

“This year, we have agreed that in a post-COVID-19 world, (digital technology) has become the lifeline for our kids to continue their education, the lifeline for our loved ones outside of the ICU room, and the gateway to opportunities for youth and women.”

He spoke in a virtual press conference following a meeting held by the G20 Digital Economy Ministers.

The meeting started with discussing the challenges facing digitization, including ways to bridge the digital gap.

The ministers emphasized the role of connectivity, digital technologies, and policies in accelerating collaboration and response to the COVID-19 pandemic and enhancing the ability to prevent and mitigate future crises.

“Artificial Intelligence (AI) systems have the potential to generate economic, social, and health benefits and innovation, drive inclusive economic growth, and reduce inequalities as well as accelerate progress toward the achievement of the Sustainable Development Goals (SDGs),” said the ministers, according to a statement released by the Saudi G20 Secretariat.

“They could also have potential impacts on the future of work, the functioning of critical systems, digital inclusiveness, security, trust, ethical issues, and human rights,” said the statement.

It said that in 2019, G20 Leaders acknowledged in Osaka the importance of data free flow with trust and cross-border data flow and recognized the critical role played by effective use of data for digitalization, as enablers of economic growth, development, and social well-being.

According to Wednesday’s statement, “the cross-border flow of data, information, ideas and knowledge generates higher productivity, greater innovation, and improved sustainable development.”

“At the same time, we recognize that the free flow of data raises certain challenges, such as the protection of privacy and personal data. G20 members recognize the need to address these challenges, in accordance with relevant applicable legal frameworks, which can further facilitate data free flow and strengthen consumer and business trust, without prejudice to legitimate public policy objectives,” said the ministers.

Building on the achievements of past Presidencies, they encouraged further work with stakeholders for the development of digital technologies and solutions for human-centric, environmentally sound, sustainable, rights-respecting, and inclusive smart cities and communities that boost competitiveness and enhance well-being and community resilience.

“These digital solutions should be centered around connectivity and providing services in more efficient and personalized ways, while safeguarding human rights,” they said.

The statement also quoted the ministers as saying that the ministers support advancing digital economy measurement.

“Reinforced cooperation will help advance consistency across different approaches and enhance evidence-based policymaking to contribute to the realization of the opportunities of the 21st century for all,” they said.

They also recognized that “the digital economy has and will continue to have wide-ranging implications as a driver of inclusive economic growth and development, contributing to the achievement of the Sustainable Development Goals, and as a means to prevent and address crisis situations and aid businesses and industry in recovering from the impact of COVID-19.”

“We acknowledge the crosscutting impact of the digital economy in overcoming development challenges, including growth, labor, employment, social, health, and cultural challenges. We therefore welcome continued discussion of the transformation of the Digital Economy Task Force to a Digital Economy Working Group.”



Trump: ‘Time to Teach Canada You Can’t Do This Anymore’

US President Donald Trump speaks as he hosts a back-to-school-themed event to highlight his administration's education policies, in the Rose Garden at the White House in Washington, DC, US, August 24, 2026. (Reuters)
US President Donald Trump speaks as he hosts a back-to-school-themed event to highlight his administration's education policies, in the Rose Garden at the White House in Washington, DC, US, August 24, 2026. (Reuters)
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Trump: ‘Time to Teach Canada You Can’t Do This Anymore’

US President Donald Trump speaks as he hosts a back-to-school-themed event to highlight his administration's education policies, in the Rose Garden at the White House in Washington, DC, US, August 24, 2026. (Reuters)
US President Donald Trump speaks as he hosts a back-to-school-themed event to highlight his administration's education policies, in the Rose Garden at the White House in Washington, DC, US, August 24, 2026. (Reuters)

US President Donald Trump said on Wednesday that it was "time to teach Canada you can't do this anymore," just days after trade talks between the neighboring countries broke down.

"I had a deal, that was a pretty good deal, you know, quite good," Trump told Glenn Beck in an interview.

"They don't have anything that we have to have, okay, we can get by. I mean, there ‌are a ‌couple of things that would make it ‌a ⁠little inconvenient, but we ⁠can get them elsewhere. And it's time to teach Canada you can't do this anymore."

Trump imposed new 50% tariffs on $20 billion of Canadian imports on Saturday after talks between the two countries collapsed.

Canada hit back on Tuesday with retaliatory tariffs on about $20 billion worth of US annual imports ⁠and rolled out aid for businesses and workers, ‌matching Washington's latest duties dollar for ‌dollar.

They take effect on September 8.

Trump also announced 50% ‌tariffs on Canadian autos and parts that will take effect ‌on January 1.

Canada has said that the US refused to extend tariff relief to medium- and heavy-duty vehicles as one reason it did not reach an agreement.

The Canadian Embassy in Washington ‌did not immediately comment on Wednesday.

White House adviser Peter Navarro predicted on Wednesday that the deal ⁠Canada ⁠will ultimately strike with the US will be worse than what was offered last week.

"It just is not going to end well for Canada and I predict that the deal you got, that you turned your nose up, you're never going to get that deal again," Navarro said on C-SPAN. "Whatever you get is going to be less than that."

Navarro added that the US deal offered to Canada "made me uncomfortable" given how advantageous he thought it was for the US' northern neighbor.

"There's no way economically they should have turned it down," Navarro said.


Behind the Sun and Wind, Saudi Arabia Invests in 'Stored Energy'

“Bisha Battery Energy Storage Project” (Saudi Ministry of Energy)
“Bisha Battery Energy Storage Project” (Saudi Ministry of Energy)
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Behind the Sun and Wind, Saudi Arabia Invests in 'Stored Energy'

“Bisha Battery Energy Storage Project” (Saudi Ministry of Energy)
“Bisha Battery Energy Storage Project” (Saudi Ministry of Energy)

As solar and wind projects reshape Saudi Arabia's energy landscape, a new market is taking shape, focused on electricity storage. As reliance on renewable energy sources expands, batteries are emerging as a critical component of the system, storing electricity when it is available and feeding it back into the grid when demand rises.

This shift is not limited to adding a new technology to the power sector. It is gradually establishing a standalone investment activity in which batteries are evolving from a supporting solution for renewable energy projects into part of the infrastructure needed to manage electricity and enhance grid flexibility and reliability.

Saudi Arabia is taking another step in this direction with the Saudi Power Procurement Company signing four agreements for independent battery energy storage projects, with a total capacity of 2,000 megawatts for four hours and investments exceeding 4.35 billion riyals ($1.16 billion). The agreements were signed in the presence of Prince Abdulaziz bin Salman, Minister of Energy, Minister of Industry and Mineral Resources, and Chairman of the company's board of directors.

Four Projects Shaping the Storage Market

The first group includes three projects signed with a consortium comprising Saudi Energy Company, ACWA Power, and Al Sharif Contracting and Commercial Development. The projects are Al Muwayh and Hadn in Makkah Province, and Al Kahfa in Hail Province, each with a capacity of 500 megawatts for four hours.

The group also includes the Al Khashibi project in Qassim Province, with the same capacity. Its agreement was signed with a consortium comprising ENGIE and Alhaj Abdullah Ali Reda & Co. Ltd.

These projects are part of the first group of energy storage projects being developed under a build, own and operate model, as part of the energy sector's efforts to enhance the reliability and efficiency of electricity generation in Saudi Arabia.

"Storage" Strengthens Renewable Energy

In an analysis of the project, Dr. Mohammed Al-Sabban, a former senior adviser to the Saudi oil minister, told Asharq Al-Awsat that this approach addresses the energy sector's needs for the next phase, amid the rapid expansion of renewable energy sources.

He explained that battery energy storage is a key driver in strengthening the role of renewable energy sources, particularly solar and wind, within Saudi Arabia's electricity generation system.

Al-Sabban said the importance of storage stems from the nature of renewable energy sources, as the energy they generate is typically available within a limited period of no more than four hours. Storing this energy in batteries therefore plays an important role in extending the period during which it can be used and making it available to meet electricity sector needs at later times.

He noted that the current capacity, despite its importance, remains insufficient on its own given weather fluctuations and the limited period during which solar energy can be utilized, particularly after sunset. This further underscores the importance of these projects in the next phase to improve the efficiency of renewable energy utilization.

"Storage" Reshapes the Electricity System

Financial and economic adviser Dr. Hussein Al-Attas told Asharq Al-Awsat that signing these agreements simultaneously carries an important message: Saudi Arabia is no longer viewing renewable energy simply as an addition of new generation capacity. Instead, it is moving toward building an integrated electricity system encompassing generation, storage, load management, and improved grid reliability.

He explained that storage is the link that transforms solar and wind from intermittent sources into resources that can be managed and utilized when needed. He considers this a sign of greater maturity in the power sector, particularly given the targeted expansion of renewable energy sources.

These projects also contribute economically by improving the utilization efficiency of electricity assets and reducing the need to build conventional capacity that operates only during peak hours, while also enhancing grid stability. The value, he stressed, lies not only in the batteries themselves, but in the flexibility they add to the entire power system.

Billions Offer an Opportunity for Local Content

Al-Attas said the value of the contracts represents a good opportunity for local content, while emphasizing the need to distinguish between battery manufacturing itself and the rest of the value chain. He expects opportunities in the initial phase to focus on civil, electrical, construction, installation, operations, and maintenance work, in addition to some assembly and supporting systems, while cells and advanced battery technologies will initially remain more dependent on imports.

He stressed that the more important economic factor is the size of the future market. Saudi Arabia's emergence as a large and stable market for energy storage projects could create a genuine incentive to localize assembly plants, followed by some components and potentially broader manufacturing later. Industry does not move into a market simply because one or two projects exist, he noted, but when it sees sustained demand and clear economic scale. This highlights the importance of maintaining Saudi Arabia's storage program.

A Standalone Investment Asset

Al-Attas believes these projects represent an important step toward treating energy storage as an independent investment asset class rather than simply a component of a solar or wind power plant.

He explained that the presence of 15-year long-term contracts, a clear contractual structure, and predictable cash flows makes this type of asset more attractive to investors and project financiers.

He noted that storage's appeal compared with conventional generation plants lies in the different service it provides, namely flexibility and the ability to supply energy when it is needed. Compared with renewable energy projects, storage addresses one of their biggest challenges: the mismatch between the timing of generation and the timing of demand.

ACWA Expands Its Presence in Energy Infrastructure

ACWA Power stands out as one of the key parties in the three projects in Makkah Province and Hail, with a stake of approximately 35 percent. Al-Attas sees this as reflecting a move toward building a broader portfolio of energy infrastructure assets rather than focusing solely on electricity generation projects.

Through these projects, Saudi Arabia aims to increase the share of renewable energy and energy storage systems in its energy mix to around 50 percent by 2030, in line with growing electricity demand and in a way that contributes to enhancing the reliability, efficiency, and operational flexibility of the system.

The Saudi Power Procurement Company, in its capacity as the "principal buyer," is responsible for preparing preliminary studies and tendering electricity generation and energy storage projects, as well as signing power purchase agreements and energy storage service agreements with the developer consortia.

The reshaping of the electricity system is not limited to adding storage capacity. The move coincides with parallel efforts to strengthen the grid infrastructure itself to keep pace with the expected expansion of new generation sources. Saudi Energy Company has signed a cooperation agreement with Bpifrance to finance electricity grid development and expansion projects and provide financing solutions for the company's procurement and infrastructure projects.

The agreement was signed during the Saudi-French Investment Roundtable in Paris, coinciding with the official visit of Prince Mohammed bin Salman, Crown Prince and Prime Minister of Saudi Arabia, to France.

The agreement builds on a previous memorandum of understanding to establish a financing facility worth up to $3 billion, aimed at supporting the procurement program and electricity infrastructure projects, including equipment related to grid stability.

Ultimately, the picture taking shape today is not just about batteries. It is about what Saudi Arabia's electricity system could become in the coming years: solar and wind generating electricity, batteries storing it, and a grid better equipped to transmit and manage it when needed. Between these components, a new market is taking shape that could become one of the energy sector's most prominent investment stories in the next phase.


Mawani Adds 'RC2' Shipping Service to Jeddah Islamic Port

Mawani Adds 'RC2' Shipping Service to Jeddah Islamic Port
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Mawani Adds 'RC2' Shipping Service to Jeddah Islamic Port

Mawani Adds 'RC2' Shipping Service to Jeddah Islamic Port

The Saudi Ports Authority (Mawani) has added the "RC2" shipping service, operated by Ocean Network Express (ONE), to Jeddah Islamic Port, enhancing maritime connectivity between Saudi Arabia and the world, while reinforcing the port's growing competitive advantage and operational efficiency.

The new shipping service strengthens Jeddah Islamic Port's connections with the Chinese ports of Shanghai, Ningbo, and Nansha, as well as Aqaba in Jordan and Sokhna in Egypt, deploying vessels with a capacity of up to 1,643 twenty-foot equivalent units (TEUs).

The move is part of Mawani's efforts to improve Saudi Arabia's ranking in global performance indicators and support the flow of national exports.

Jeddah Islamic Port is an important logistics and commercial hub on the Red Sea coast. It covers an area of 12.5 square kilometers and has 62 berths, along with several specialized terminals and advanced facilities.

The port also has a number of berths for marine services, such as mooring and pilotage, and fully equipped halls for receiving pilgrims and visitors.