Saudi-Bahraini Holding Company to Lead Joint Investments

The agreement was reached on the sidelines of the second meeting of the Saudi-Bahraini Coordination Council in Bahrain’s Sakhir Palace, Asharq Al-Awsat
The agreement was reached on the sidelines of the second meeting of the Saudi-Bahraini Coordination Council in Bahrain’s Sakhir Palace, Asharq Al-Awsat
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Saudi-Bahraini Holding Company to Lead Joint Investments

The agreement was reached on the sidelines of the second meeting of the Saudi-Bahraini Coordination Council in Bahrain’s Sakhir Palace, Asharq Al-Awsat
The agreement was reached on the sidelines of the second meeting of the Saudi-Bahraini Coordination Council in Bahrain’s Sakhir Palace, Asharq Al-Awsat

Bahrain and Saudi Arabia agreed to hold a feasibility study for establishing a Bahraini-Saudi multi-industry holding company.

The agreement was reached on the sidelines of the second meeting of the Saudi-Bahraini Coordination Council in Bahrain’s Sakhir Palace, co-chaired by Bahraini Crown Prince and Prime Minister Salman bin Hamad Al Khalifa and visiting Saudi Crown Prince, Deputy Prime Minister, and Defense Minister Mohammed bin Salman.

It was signed on Thursday by the Chairman of the Federation of Saudi Chambers of Commerce Ajlan Al-Ajlan and the Bahrain Chamber of Industry and Commerce president, Samir bin Abdullah Nass.

Nass said the forum, which comes in light of the launch of plans and initiatives to boost the economy after the coronavirus pandemic, prompts working together to accelerate the pace of economic integration and development.

He noted that economic integration projects aim at the private sector in the first place.

Al Ajlan said: “The trade exchange between Bahrain and Saudi amounted to about 24.4 billion riyals in 2020, and Saudi exports to Bahrain represented 71.4% of the total exchange, reaching 17.4 bn Saudi riyals.”

Bahrain, he said, ranks second among the GCC countries in the volume of trade exchange with Saudi Arabia and the ninth partner Among the countries of the world.



Saudi Arabia Calls for Global Water Cooperation to Advance Integrated Management

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
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Saudi Arabia Calls for Global Water Cooperation to Advance Integrated Management

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)
The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday. (11th World Water Forum 2027 | Riyadh 2027 on X)

The first preparatory meeting for the 11th World Water Forum 2027 kicked off in Riyadh on Monday with the participation of top scientists, experts, decision-makers from around the world.

Saudi Minister of Environment, Water and Agriculture Abdulrahman Alfadley, with the participation of World Water Council President Loïc Fauchon, inaugurated the official logo of the World Water Forum 2027.

In his remarks, Alfadley emphasized Saudi Arabia’s call for strengthened international cooperation and joint efforts among countries and organizations to tackle global water challenges. He underscored the importance of ensuring universal access to water and sanitation services as a key pillar in achieving Sustainable Development Goal 6 (SDG 6).

“Saudi Arabia prioritizes the water sector through various measures, including the adoption of a national strategy encompassing water production, storage, transportation, distribution, treatment, and reuse, all within a comprehensive institutional framework,” Alfadley added.

He further stated that the Kingdom has implemented Integrated Water Resources Management and enhanced supply chain governance. This is supported by the release of a long-term supply and demand plan that extends to 2050, alongside a commitment to environmental, social, and economic considerations in alignment with Saudi Vision 2030.

Highlighting the Kingdom's leading role in supporting regional and international water issues, Alfadley pointed to the launching of the Global Water Organization, aimed at fostering international collaboration, and the establishment of an International Water Research Center focused on water economics, water security, advanced technologies, and digital transformation.

Fauchon said the council, in collaboration with Saudi authorities, has developed a comprehensive framework outlining the thematic, regional, and political components that will shape the roadmap for the 11th edition of the forum that is being held in the Middle East for the first time.

He stressed the need to make water a top global priority, adding that this gathering will lay the foundation for future water policies. “The way ahead is still long, but we are confident we’re on the right path toward real solutions—solutions that can change lives,” he said.

Deputy Minister for Water at the Ministry of Environment, Water, and Agriculture Dr. Abdulaziz Alshaibani underscored the urgency of the current moment, describing the preparatory meeting as a call for serious and immediate action. Alshaibani emphasized the need to build upon existing progress in the water sector and to move decisively towards solidifying priorities.

He stressed the importance of greater coherence and integration across all sectors, along with the unification of all efforts, to achieve tangible solutions to global water challenges and to meet SDG 6. Alshaibani further noted that effective solutions must be anchored in several key pillars, including financing, innovation, diplomacy, and environmental considerations.

The World Water Forum 2027, organized by the World Water Council in Saudi Arabia, is a significant international platform for exchanging ideas and experiences in water management.