KAUST President to Asharq Al-Awsat: We Are Extracting Lithium from Sea Water to Make Batteries

Saudi KAUST University uses saline water to grow crops through the Red Sea Farms project. (Asharq Al-Awsat)
Saudi KAUST University uses saline water to grow crops through the Red Sea Farms project. (Asharq Al-Awsat)
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KAUST President to Asharq Al-Awsat: We Are Extracting Lithium from Sea Water to Make Batteries

Saudi KAUST University uses saline water to grow crops through the Red Sea Farms project. (Asharq Al-Awsat)
Saudi KAUST University uses saline water to grow crops through the Red Sea Farms project. (Asharq Al-Awsat)

Professor Tony Chan, President of King Abdullah University of Science and Technology (KAUST), revealed tangible success in transforming research and studies conducted at the university into real-world inventions.

This led to the inclusion of KAUST on the list of research universities that were able to export technology outside its geographical borders, he underlined.

In an interview with Asharq Al-Awsat, Chan pointed to the most prominent innovative technologies produced at the university, including the use of saline water to grow high-quality agricultural crops and the extraction of lithium – a key element in the making of batteries - from the Red Sea water, a discovery that prompted major countries, such as China and the United States, to express a desire to know more about the invention.

Asked about KAUST’s contribution to the Saudi economy, Chan replied: “KAUST has two missions: The first is related to basic research and university education, while the other is related to economics, development and innovation.”

“Part of our job is to contribute to the economy. We do this in a variety of ways, the most important of which is that we educate and train students, who will later contribute to the economy.”

He continued: “For example, many KAUST graduates work in the Kingdom for companies such as Aramco. More importantly, almost 30 percent of the international students graduating from our university stay in the Kingdom, working for companies there or setting up their own, which is really amazing.”

Chan emphasized that part of the university’s efforts is also to try to foster innovation and develop an economic system. He stressed in this regard the presence of a private fund to support students’ startups.

“The other part is related to environmentally friendly projects… KAUST has succeeded in placing Saudi Arabia on the global map of the environmental field through its academic research,” he added.

On KAUST’s contribution to giant Saudi projects, Chan said: “We have many research projects, as we cooperate with NEOM to build the largest coral garden in the world on the island of Shusha, which is part of NEOM.”

He added that KAUST had technology and scientific knowledge that qualifies it to implement this project, including a field called “marine architecture” that is specialized in the cultivation of coral reefs.

“NEOM represents new energy versus conventional energy,” Chan explained. “Here, I refer to the second initiative that emerged from the G20 Summit 2020 hosted by Saudi Arabia, which is related to the preservation and restoration of coral reefs in the deep seas and oceans at the global level. KAUST hosts the headquarters of this initiative.”

Chan also talked about the Red Sea Farms, a company that was established within KAUST as a startup, and now has turned into a large company that develops technologies to irrigate plants from sea water and to mitigate the impact of greenhouse gas emissions.

“The founder of the company is Prof. Mark Tester. All of his work took place in a small experimental station inside KAUST; but today, the company is operating at the commercial and investment levels,” he remarked.

Chan revealed that tomatoes, which are produced through this innovative technology, are exported to the United States.

“We are very proud of this achievement… It’s an evolution that took place within KAUST,” he told Asharq Al-Awsat.

Asked about Saudi Arabia’s renewable energy wealth, the president of KAUST emphasized the importance of solar energy, saying that relying on oil was needed during the transitional period.

“[The Kingdom] will still need to rely on oil during the transition period from traditional energy sources to new ones. I don’t know if that will happen within 20 to 50 years, but I think that Saudi Arabia, on its part, realizes this. There are countries around the world, such as European nations, which have imposed bans on internal combustion engines,” he said.

He continued: “Within NEOM, there are attempts to fully rely on sustainable energy.”

“Nevertheless, oil constitutes a large part of the Saudi economy. Saudi Arabia has the sun and solar energy, and in order to exploit it, it needs devices that are characterized by a large degree of efficiency to collect this energy, as well as a high level of quality. It also needs to protect the solar panels from dust.”

Chan explained that when dust builds up on the solar panels, their efficiency declines.

“Today, we already have startups in the field of cleaning, using the NOMADD technology that has been available for a few years (automatic water-free dust removal device),” he said.

Regarding wind energy, he noted that NEOM enjoyed a lot of wind energy coming from the Red Sea and the currents that come from Africa.

“The sun and wind complement each other,” he added. “The wind comes when the sun is not shining, that is, at night, as a result of a change in temperature. But wind is an unstable source.”

Chan noted that the use of batteries is a solution to the problem.

“At KAUST, we invented a new method for extracting lithium from the sea a few months ago. There is a lot of interest in this innovation from entities such as Maaden, the mining company, as well as other government entities, including China and the United States,” he told Asharq Al-Awsat.

On Artificial Intelligence, Chan revealed that KAUST works in partnership with SDAIA (the Saudi Authority for Data and Artificial Intelligence) and also cooperates with Aramco, pointing to the establishment of the KAUST Artificial Intelligence Center for this purpose.

“When looking at the classification of Saudi Arabia in this field at the global level, we find that it occupies the 20th position. Eighty percent of all research papers in the field of artificial intelligence in Saudi Arabia come from KAUST. We are fortunate that we have the right people who provide the right research. This is certainly positive for society and the economy,” he stressed.



Saudi Crown Prince’s Directives Cut Riyadh Property Prices by 3%

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)
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Saudi Crown Prince’s Directives Cut Riyadh Property Prices by 3%

A general view of Riyadh, Saudi Arabia. (SPA)
A general view of Riyadh, Saudi Arabia. (SPA)

Real estate prices in Saudi Arabia’s capital fell 3% in the final quarter of last year, reversing a 1% rise in the previous quarter, in a shift that highlights the on-the-ground impact of policy moves ordered by Prince Mohammed bin Salman bin Abdulaziz, Crown Prince and Prime Minister, to rein in soaring property costs across the Kingdom, particularly in Riyadh.

According to an index issued by the General Authority for Statistics on Tuesday, the real estate price index in Saudi Arabia fell 0.7% in the fourth quarter of last year compared with the same period of 2024.

The decline was driven mainly by weaker performance in the residential sector, which carries the most significant weight in the index, as its annual rate of change fell 2.2%.

The commercial sector continued to see a slight slowdown in growth momentum, while maintaining positive annual growth of 3.6%.

A real balance

Real estate specialists told Asharq Al-Awsat that the Crown Prince’s directives have become evident on the ground after property prices in Riyadh surged to unprecedented levels, prompting government intervention to curb the increases and enable citizens to own their first homes without excessive financial burdens.

Real estate analyst Khaled Al-Mobid said the 0.7 % decline in the real estate price index in the fourth quarter of 2025 reflects the market’s entry into a phase of real balance after years of rapid price increases, describing it as a healthy indicator that supports, rather than weakens, market sustainability.

“What we are witnessing today is not a loss in value, but a logical price correction, particularly in the residential sector, due to increased supply, improved regulation, and greater awareness among market participants, whether buyers or investors,” Al-Mobid told Asharq Al-Awsat.

He added that this balance creates better opportunities for end users, redirects investment toward appropriate products at fair prices, and curbs short-term speculation, serving the real estate economy over the medium and long term.

Housing stability

Real estate specialist Ahmed Omar Basudan told Asharq Al-Awsat that the sector has seen declines in many regions of the Kingdom, as buyers await the effects of government decisions issued under the Crown Prince’s direction.

He cited recent measures, including the announcement of the names of beneficiaries of subsidized land grants in northern Riyadh, located in some of the area’s best neighborhoods.

Basudan said the decision to fix residential rental prices in Riyadh for five years also contributed to the decline in the capital’s real estate market, as tenants are experiencing a period of housing stability, reducing demand for purchases at this stage.

He added that recent amendments to fees on undeveloped land and vacant properties, which have been implemented and are now being collected, also played a role, prompting landowners to move quickly to sell some plots at competitive prices to avoid bearing those fees.

Data from the General Authority for Statistics showed that residential real estate prices fell in the fourth quarter of last year compared with the same quarter of 2024, with the sector declining 2.2%. The drop was driven by a 2.4% fall in residential land prices, a 2.5% decline in apartment prices, a 1.3% decrease in villa prices, and a 0.2% drop in residential floor prices.

Quarterly comparison

The real estate price index fell 0.4% in the fourth quarter of last year, at a slower pace than in the third quarter.

The index was affected by a 0.4% decline in the residential sector, driven by a 0.7% drop in residential land prices, a 0.4% fall in apartment prices, and a 0.2% decrease in residential floor prices, while villa prices rose 0.8%.

At the regional level, the annual real estate price index fell 0.7% nationwide in the fourth quarter of last year, with Riyadh recording a 3% decline, compared with a 1% increase in the third quarter.

The Eastern Province posted the highest real estate price increase at 4%, followed by Makkah at 2.5%, Tabuk and Jazan at 1.1% each, and Al-Jawf at 0.4%.

By contrast, Hail, the Northern Borders region, and Madinah recorded the steepest declines, at 8.9%, 6.8%, and 6.1%, respectively.


Saudi Industry Minister Meets with Global Leaders at World Economic Forum to Advance Partnerships

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of high-level meetings with government officials and global business leaders at the World Economic Forum. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of high-level meetings with government officials and global business leaders at the World Economic Forum. (SPA)
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Saudi Industry Minister Meets with Global Leaders at World Economic Forum to Advance Partnerships

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of high-level meetings with government officials and global business leaders at the World Economic Forum. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held a series of high-level meetings with government officials and global business leaders at the World Economic Forum. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef held on Tuesday a series of high-level meetings with government officials and global business leaders on the sidelines of the Kingdom's participation in the 2026 World Economic Forum in Davos.

As part of the Saudi delegation, Alkhorayef participated in a meeting with Swiss President Guy Parmelin. The meeting reviewed the robust strategic partnership between their nations and explored avenues to deepen cooperation in the industrial and mining sectors, aiming to expand bilateral ties to serve mutual interests.

Alkhorayef met with CEO of BlackRock Larry Fink, and President and CEO of the World Economic Forum Børge Brende. Talks focused on boosting the partnership between the Kingdom and the forum, exploring new cooperation in advanced manufacturing and critical minerals, and strengthening joint efforts to fortify industrial and mining supply chains.

In a series of bilateral meetings, Alkhorayef met with leaders of major global firms, including CEO of Capgemini Aiman Ezzat, Senior Partner at Bain & Company Dr. Jörg Gnamm, and CEO of Copa-Data Stefan Reuther. The meetings focused on unlocking opportunities for collaboration in advanced manufacturing, digital solutions, industrial automation, and smart systems. The officials emphasized leveraging global consulting expertise to boost factory efficiency, accelerate the Kingdom's industrial transformation, and bolster the competitiveness of its industrial and mining sectors.


Saudi-US Trade and Investment Council Meetings Kick Off in Riyadh

Chaired by the GAFT, the Saudi-US Trade and Investment Council aims to strengthen economic cooperation between the two countries by reviewing trade and investment policies, addressing barriers, and supporting technical dialogue among relevant entities. (SPA)
Chaired by the GAFT, the Saudi-US Trade and Investment Council aims to strengthen economic cooperation between the two countries by reviewing trade and investment policies, addressing barriers, and supporting technical dialogue among relevant entities. (SPA)
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Saudi-US Trade and Investment Council Meetings Kick Off in Riyadh

Chaired by the GAFT, the Saudi-US Trade and Investment Council aims to strengthen economic cooperation between the two countries by reviewing trade and investment policies, addressing barriers, and supporting technical dialogue among relevant entities. (SPA)
Chaired by the GAFT, the Saudi-US Trade and Investment Council aims to strengthen economic cooperation between the two countries by reviewing trade and investment policies, addressing barriers, and supporting technical dialogue among relevant entities. (SPA)

Technical team meetings of the Saudi-US Trade and Investment Council (TIFA) kicked off in Riyadh on Tuesday.

Held under the theme “A Platform for Dialogue, Partnership, and Economic Growth,” the meetings were attended by Deputy Governor of the General Authority of Foreign Trade (GAFT) for International Relations Abdulaziz Alsakran, Assistant United States Trade Representative for Europe and the Middle East Bryant Trick, with the participation of 20 entities from both sides.

Chaired by the GAFT, the Saudi-US Trade and Investment Council aims to strengthen economic cooperation between the two countries by reviewing trade and investment policies, addressing barriers, and supporting technical dialogue among relevant entities.

The council focuses on five main objectives: developing trade and investment policies; facilitating trade and addressing technical and regulatory barriers; supporting cooperation on sanitary and phytosanitary measures and agricultural products; enhancing intellectual property protection; and advancing digital trade, innovation, and emerging technologies.

Saudi government entities participating in the council work to develop initiatives and activities that help elevate cooperation between the two countries and achieve its objectives, serving mutual interests.

Over the past ten years, trade exchange between Saudi Arabia and the United States has reached $500 billion, making the United States the Kingdom’s second-largest import partner. Trade exchange since 2020 has recorded a growth rate exceeding 50%, reflecting the depth and strength of economic relations between the two countries.