عربي English Türkçe اردو فارسى
Logo
Latest News
Business

Red Sea Development Company Adopts Green Strategy to Support Tourism

The Red Sea Development Company cooperates with the Ministry of Environment, Water and Agriculture to set new standards in sustainable development that are compatible with global biosecurity regulations. (Asharq Al-Awsat)
The Red Sea Development Company cooperates with the Ministry of Environment, Water and Agriculture to set new standards in sustainable development that are compatible with global biosecurity regulations. (Asharq Al-Awsat)
TT
TT

Red Sea Development Company Adopts Green Strategy to Support Tourism

The Red Sea Development Company cooperates with the Ministry of Environment, Water and Agriculture to set new standards in sustainable development that are compatible with global biosecurity regulations. (Asharq Al-Awsat)
The Red Sea Development Company cooperates with the Ministry of Environment, Water and Agriculture to set new standards in sustainable development that are compatible with global biosecurity regulations. (Asharq Al-Awsat)

As part of its commitment to developing a comprehensive sustainable landscape strategy to embrace the pristine environmental components and enhance biodiversity in the Red Sea region, the Red Sea Development Company - a subsidiary of the Saudi Public Investment Fund (PIF) - is seeking to rely on local and regional plants while including endemic and adaptive plant species.

The company cooperates with the Ministry of Environment, Water and Agriculture to set new standards in sustainable development that are compatible with global biosecurity regulations, policies and procedures with regard to importing the required types of adapted plants and agricultural products into the Kingdom.

In this regard, the ministry, in coordination with the Red Sea Nursery, provided seeds and seedlings of many local plant species, in addition to developing mechanisms for transporting and planting large trees and palms from their local and regional sources to the destination.

John Pagano, CEO of the Red Sea Development Company and AMAALA, said the nursery, which extends over an area of 100 hectares, was currently producing one million plants.

“We are seeking to increase that rate by another million plants by the end of this year,” he added.

Fahd Al-Hubaili, Assistant Director of Environmental Programs at the Red Sea Development Company, noted that the establishment of the Red Sea Nursery came in line with the highest international standards to provide all projects with multiple options of plant species needed to enhance the landscape and the planned environmental improvement programs.

He underlined the company’s keenness to comply with the sustainability goals, which include protecting the natural components inherent in the region and enhancing them by applying the highest standards of sustainability and biosecurity.

The nursery covers an area of more than one million square meters, making it one of the largest nurseries in the Middle East and one of the most important destination facilities for implementing the sustainability strategy in the Red Sea Project.

Most Viewed

 
 
Business

Saudi Arabia Advances to Become the ‘Silicon Valley’ of Mining

The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)
The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)
TT
TT

Saudi Arabia Advances to Become the ‘Silicon Valley’ of Mining

The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)
The Saudi Energy Minister reviews data on critical mineral extraction and processing in several countries (Asharq Al-Awsat)

Saudi Arabia is pushing to become a global hub for critical minerals, aiming to be the “Silicon Valley” of mining. At the fourth Future Minerals Forum in Riyadh, the kingdom announced new deals, investment plans, and discoveries.
Industry Minister Bandar Al-Khorayef said Saudi Arabia will explore mineral opportunities across 50,000 square kilometers this year. The Kingdom also unveiled a $100 billion mining investment plan, with $20 billion already in advanced stages or under construction.
Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman announced that Aramco has identified “promising” lithium concentrations exceeding 400 parts per million in its operational areas, with lithium production in the kingdom expected to begin as early as 2027.
In line with this, Aramco revealed a joint venture with Saudi Arabian Mining Company (Ma’aden) to explore and produce minerals critical to the energy transition, including extracting lithium from high-concentration deposits.
The latest edition of the Future Minerals Forum brought together over 20,000 participants from 170 countries and featured 250 speakers across more than 70 sessions.
Saudi ministers and international officials highlighted key challenges facing the mining sector, including the need for increased private sector investment, advanced technology, regulatory frameworks, supply chain issues, carbon emissions from production, and a shortage of skilled talent.
In early 2024, Saudi Arabia’s Ministry of Industry and Mineral Resources raised its estimate of the kingdom’s untapped mineral resources from $1.3 trillion to $2.5 trillion, driven by new discoveries.
At last year’s forum, the ministry launched a $182 million mineral exploration incentive program to reduce investment risks, support new commodities, promote green projects, and empower small-scale mining operators.
Additionally, Al-Khorayef launched the Mining Innovation Studio at the Future Mineral Forum 2025.
In his opening remarks, Al-Khorayef stated that the new studio was designed to attract global talent and accelerate cutting-edge technology, in alignment with Riyadh’s vision to become the “Silicon Valley of mining”.
He clarified that the Kingdom is promoting upcoming exploration opportunities across 5,000 square kilometers of mineralized belts in 2025 as it continues its steadfast growth in the mining sector.
Al-Khorayef further noted that the Saudi mining sector is the fastest growing globally, and affirmed that its mineral potential stands at an estimated $2.5 trillion.
He elaborated that the allocation of new exploration sites to tap mineral wealth is part of Saudi Arabia’s efforts to establish mining as the third pillar of the Kingdom’s industrial economy.