LEAP 2023 Witnesses Launching of National Geospatial Center

The General Authority for Survey and Geospatial Information (GASGI) announced the launching of the National Geospatial Centre, at the LEAP 2023 conference, in Riyadh. (SPA)
The General Authority for Survey and Geospatial Information (GASGI) announced the launching of the National Geospatial Centre, at the LEAP 2023 conference, in Riyadh. (SPA)
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LEAP 2023 Witnesses Launching of National Geospatial Center

The General Authority for Survey and Geospatial Information (GASGI) announced the launching of the National Geospatial Centre, at the LEAP 2023 conference, in Riyadh. (SPA)
The General Authority for Survey and Geospatial Information (GASGI) announced the launching of the National Geospatial Centre, at the LEAP 2023 conference, in Riyadh. (SPA)

Experts at the LEAP 2023 conference, which concluded on Thursday in Riyadh, stressed that the future of smart cities depended on technical solutions, modern legislation, and the reduction of carbon emissions.

This came as the General Authority for Survey and Geospatial Information announced the launching of the National Geospatial Centre, one of GASGI initiatives.

- Geospatial reference

The new center will constitute a national geo-reference for geospatial data governance, and will work on setting standards and controls for the integrated use of the information ecosystem and organizing mechanisms for data collection and sharing.

Benefiting the government and private sectors, the center will contribute to providing up-to-date information and enhancing national security in a way that supports the Kingdom’s economy and sustainable development.

Geospatial information is one of the most important elements motivating investment. Studies have shown that the economic impact of geospatial data on the Kingdom’s GDP ranges between 20 and 40 billion riyals, distributed over the sectors of safety, public health, infrastructure, energy, education, trade, and risk and disaster management.

- Future of mobility

Former Prime Minister of Estonia and head of a tech company Taavi Roivas said that most European countries were far from the progress achieved by the Kingdom in digital services.

His remarks came during a session themed, “The future of mobility: electric cars, aviation, and autonomous cars,” within the activities of the LEAP23 conference in Riyadh.

Roivas noted that self-driving cars were the ideal solution for future mobility, as they allow people to move easily within facilities with large areas such as universities, residential complexes, commercial centers, and various roads. He also said that 20 percent of road accidents were due to human errors.

- Africa’s capabilities

For his part, Kashifu Inuwa Abdullahi, Director-General and CEO of Nigeria’s National Information Technology Development Agency (NITDA), emphasized the importance for countries to focus on talent development.

He noted that Africa needed about $8.3 trillion to enhance the capabilities of the talented population.

During a panel discussion on the last day of LEAP 2023 - the largest global gathering for technology and digitization developments - Abdullahi said that the Saudi leadership has established a role model in business development, especially in the field of self-driving cars, and the management of congestion to reduce accidents and speed up business.

The future of smart cities depends on technical solutions, legislation, and the promotion of safe practices in aspects related to safe transportation and reducing carbon emissions, he underlined.

- Smart cities

Lawrence Eta, digital chief and analytics officer at the Royal Commission for AlUla, suggested that the Kingdom would witness, during the next five years, the emergence of a number of smart cities that would place it at a leading position in the world.

He highlighted the importance of protecting the privacy of individuals by ensuring safe standards for data and information, providing physical and human infrastructure that attracts investment, and working to develop youth skills.

- Creativity

Helen Pan, General Manager of the US-based Apollo Autonomous Driving, shed light on the need for training and qualification during all stages, in addition to developing the element of creativity, to provide the highest levels of security and safety through smart transportation, especially self-driving cars.

China and the United States have achieved great progress in these aspects, she remarked.

For his part, Nizar Atwaijri, CEO of STC Pay, revealed the company’s endeavor to support industrial and development growth in all fields, through cooperation with the Saudi Central Bank (SAMA) and digital banks and companies.

He disclosed a plan to reshape the infrastructure of startups, through a digital platform that adopts digital empowerment as an essential component for providing innovative financial services.



EUROPE GAS-Prices Continue to Decline

Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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EUROPE GAS-Prices Continue to Decline

Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Dutch and British wholesale gas prices continued to declined on Tuesday morning on milder weather forecasts for next week, high wind speeds and stable supply.

The benchmark front-month contract at the Dutch TTF hub was down 0.61 euros at 46.65 euros per megawatt hour (MWh) at 0947 GMT, according to LSEG data.

The contract for March was down 0.52 euro at 46.63 euros/MWh.

In Britain, the front-month contract fell by 2.04 pence to 116.76 pence per therm.

In north-west Europe, although another cold snap is forecast from Friday over the weekend, the latest forecasts are showing milder temperatures than yesterday from Jan. 15, according to LSEG data, Reuters reported.

Wind speeds are expected to remain quite strong today, limiting gas demand.

However, in north-west Europe, gas-for-power demand is expected 36 million cubic metres (mcm) per day higher at 78 mcm/day on the day-ahead.

"Wind speeds are expected still high today, before dropping sharply tomorrow with the cold spell arriving," said LSEG gas analyst Saku Jussila.

In Britain, Peak wind generation is forecast at around 15.1 gigawatts (GW) today and 14.7 GW tomorrow, Elexon data showed.

Analysts at Engie EnergyScan said EU net storage withdrawals have slowed due to a more comfortable spot balance but the storage gap compared to last year remains high. On 5 January, EU gas stocks were 69.94% full on average, compared to 84.96% last year.

Looking further ahead, analysts at Jefferies expect a tight year for global gas markets due to project delays and higher-than-expected demand.

"European and Asian LNG spot gas prices in 2025 could surpass those of 2024, driven by Europe's increased gas injection needs and the loss of Russian exports outpacing the expected growth in global LNG supply," they said.

"Post 2025, the market is expected to loosen with an additional 175 million tonnes of new supply coming online between 2026 and 2030, primarily from the US and Qatar," they added.

In the European carbon market, the benchmark contract was down 0.91 euro at 73.45 euros a metric ton.