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Largest Huawei Store Outside of China to Be Opened in Riyadh

Huawei signed a contract with Saudi Arabia’s Kaden Investment to establish a flagship store in Riyadh.
Huawei signed a contract with Saudi Arabia’s Kaden Investment to establish a flagship store in Riyadh.
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Largest Huawei Store Outside of China to Be Opened in Riyadh

Huawei signed a contract with Saudi Arabia’s Kaden Investment to establish a flagship store in Riyadh.
Huawei signed a contract with Saudi Arabia’s Kaden Investment to establish a flagship store in Riyadh.

The Ministry of Investment of Saudi Arabia (MISA) announced that Huawei signed a contract with Saudi Arabia’s Kaden Investment to establish a flagship store in Riyadh, the largest such store outside China.

On its Twitter page, the ministry said: “The agreement, facilitated by #MISA, is the latest addition in our long-lasting business relationship with Huawei that dates back to 2002, since Huawei realized the potential of our growing telecommunications sector.”

Saudi Minister of Investment Khalid al-Falih tweeted: “These achievements are the result of the continuous collaboration between the Ministry of Investment and the Ministry of Communications and Information Technology to attract, enable, and support ICT Investments.”

The communication and information technology sector in the Kingdom has witnessed considerable prosperity as the government prioritizes digitization of services and sectors and the transformation to a paperless community.

The Kingdom has doubled the public and private sectors' investment in the infrastructure of communication and IT, exceeding USD15 billion in the past years. This contributed to the availability of mobile telecommunication services by 131.1 percent among residents.

The Internet usage rate reached 95.7 percent by the end of 2019, according to the latest official statistics. Saudi Arabia has connected 3.5 million households to ultra-fast Fiber-to-the-Home (FTTH) broadband networks.

Saudi Arabia’s Communications and Information Technology Commission (CITC) had previously signed three memorandums of understanding (MoUs) with global telecommunications firms Ericsson, Nokia, and Huawei.

The MoUs would support and strengthen the commission’s objectives of enabling the Kingdom’s digital transformation. They also include holding training courses for CITC’s employees.

In November, Saudi Arabia launched an initiative to found the Digital Cooperation Organization (DCO) aimed at strengthening cooperation and accelerating the development of the digital economy.

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Saudi Arabia Tackles Carbon Management Challenges at COP 29

Speakers participate in a discussion session in the Saudi pavilion during the COP29. (Asharq Al-Awsat)
Speakers participate in a discussion session in the Saudi pavilion during the COP29. (Asharq Al-Awsat)
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Saudi Arabia Tackles Carbon Management Challenges at COP 29

Speakers participate in a discussion session in the Saudi pavilion during the COP29. (Asharq Al-Awsat)
Speakers participate in a discussion session in the Saudi pavilion during the COP29. (Asharq Al-Awsat)

During a panel discussion titled, “The Carbon Management Challenge: Scaling Carbon Management to Gigaton Levels” at the Saudi Pavilion at COP 29, speakers highlighted the critical role of international collaboration in advancing carbon capture technologies and emphasized Saudi Arabia’s ambitious goal of achieving net-zero emissions by 2060.

The discussion focused on Saudi Arabia’s adoption of the Circular Carbon Economy framework, which centers on four key pillars: reducing emissions, reusing carbon, recycling, and removing carbon.

The participants pointed to the importance of international cooperation in developing new carbon capture technologies and establishing independent carbon transport and storage projects. According to reports, over 50 advanced carbon capture and storage (CCS) projects are currently in progress globally, with a combined capacity of 50 million tons. Furthermore, investment decisions have been made for 44 additional CCS projects under development around the world.

The session also explored advancements in various industries, such as the cement sector. Countries like Japan, China, and European nations have made significant progress in carbon capture technologies, while emerging economies such as Canada and Thailand are working on financing decarbonization efforts in the cement industry.

The speakers underscored the crucial role of governments in enabling these initiatives by making financial investments and developing the necessary infrastructure. They also pointed out that supportive government policies are essential for driving these projects forward and fostering collaboration between the public and private sectors. This aligns with the Clean Energy Ministerial’s focus on advancing policies for carbon capture, utilization, and storage technologies.

The participants further stressed that global goals to reduce emissions and combat climate change can only be achieved through international cooperation, robust policy frameworks, and the sharing of expertise across all stakeholders.