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Saudi Arabia Confirms Abundance of Basic Commodities

Saudi Minister of Environment, Water and Agriculture Abdulrahman Abdulmohsen AlFadley, Asharq Al-Awsat
Saudi Minister of Environment, Water and Agriculture Abdulrahman Abdulmohsen AlFadley, Asharq Al-Awsat
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Saudi Arabia Confirms Abundance of Basic Commodities

Saudi Minister of Environment, Water and Agriculture Abdulrahman Abdulmohsen AlFadley, Asharq Al-Awsat
Saudi Minister of Environment, Water and Agriculture Abdulrahman Abdulmohsen AlFadley, Asharq Al-Awsat

Saudi Arabia’s Minister of Environment, Water and Agriculture and Chairman of the Food Security Committee, Abdulrahman Abdulmohsen AlFadley, confirmed that the supplies and stocks of food commodities in the Kingdom of Saudi Arabia are reassuring, and there are no concerns about abundance in the local markets against the backdrop of the current Russian-Ukrainian crisis.

According to the food security strategy and the committees formed to follow up on its implementation, the Kingdom has strengthened stocks of basic food commodities to maintain the stability of the local supply.

Al-Fadley pointed out that “the supply chains of agricultural, animal and food commodities are safe, reliable and continuous in light of the volume of local production of many basic commodities and the achievement of high sufficiency rates for many of them.”

He also referred to the multiplicity of import origins globally for the commodities from which they are imported, a matter that excludes any shortage of supply because of the crisis.

He added that the Food Abundance Committee, emanating from the Food Security Committee, is holding continuously during this period to monitor the abundance of food commodities in the local market, and to follow up on global and local supply chains.

With regard to local stocks of basic food commodities (wheat, rice, sugar, edible oils, poultry meat, red meat, fish, eggs, milk and its derivatives, vegetables and fruits, dates, barley, maize, soybeans, and green fodder), he explained that they are all at safe levels and there are no concerns of any shortage in the quantities supplied.

At the conclusion of his remarks, Al-Fadley emphasized the strength and durability of the food system in the Kingdom.

“The Kingdom’s handling during the coronavirus pandemic with its repercussions outweigh the current crisis, was a model to be followed, as the food commodity markets in the Kingdom did not experience any shortage in supply, and the Kingdom was ranked as one of the best countries in the world in the abundance of food,” he said.

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Saudi Arabia Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
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Saudi Arabia Makes History with Adoption of Riyadh Treaty on Design Law

Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)
Photo of the Riyadh Diplomatic Conference on the Design Law Treaty (Asharq Al-Awsat)

Saudi Arabia has made history by uniting the 193 member states of the World Intellectual Property Organization (WIPO) to adopt the Riyadh Treaty on Design Law. This landmark achievement, realized after two decades of deliberation, underscores the Kingdom’s leadership in enhancing the global intellectual property system.

The announcement came at the conclusion of the Riyadh Diplomatic Conference on the Design Law Treaty, a rare event for WIPO, which has not held a diplomatic conference outside Geneva for more than a decade. It was also the first such event hosted in Saudi Arabia and the Middle East, representing the final stage of negotiations to establish an agreement aimed at simplifying and standardizing design protection procedures across member states.

Over the past two weeks, intensive discussions and negotiations among member states culminated in the adoption of the Riyadh Treaty, which commits signatory nations to a unified set of requirements for registering designs, ensuring consistent and streamlined procedures worldwide. The agreement is expected to have a significant positive impact on designers, enabling them to protect their creations more effectively and uniformly across international markets.

At a press conference held on Friday to mark the event’s conclusion, CEO of the Saudi Authority for Intellectual Property Abdulaziz Al-Suwailem highlighted the economic potential of the new protocol.

Responding to a question from Asharq Al-Awsat, Al-Suwailem noted the substantial contributions of young Saudi men and women in creative design. He explained that the agreement will enable their designs to be formally protected, allowing them to enter markets as valuable, tradable assets.

He also emphasized the symbolic importance of naming the convention the Riyadh Treaty, stating that it reflects Saudi Arabia’s growing influence as a bridge between cultures and a global center for innovative initiatives.

The treaty lays critical legal foundations to support designers and drive innovation worldwide, aligning with Saudi Arabia’s vision of promoting international collaboration in the creative industries and underscoring its leadership in building a sustainable future for innovators.

The agreement also advances global efforts to enhance creativity, protect intellectual property, and stimulate innovation on a broader scale.

This achievement further strengthens Saudi Arabia’s position as a global hub for groundbreaking initiatives, demonstrating its commitment to nurturing creativity, safeguarding designers’ rights, and driving the development of creative industries on an international scale.

The Riyadh Diplomatic Conference, held from November 11 to 22, was hosted by the Saudi Authority for Intellectual Property and attracted high-ranking officials and decision-makers from WIPO member states.