Northern Ireland to Cooperate with Saudi Arabia in Raising Rates of Landfill Diversion, Recycling

Steve Harper, Executive Director of International Business at Invest Northern Ireland. (Asharq Al-Awsat)
Steve Harper, Executive Director of International Business at Invest Northern Ireland. (Asharq Al-Awsat)
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Northern Ireland to Cooperate with Saudi Arabia in Raising Rates of Landfill Diversion, Recycling

Steve Harper, Executive Director of International Business at Invest Northern Ireland. (Asharq Al-Awsat)
Steve Harper, Executive Director of International Business at Invest Northern Ireland. (Asharq Al-Awsat)

Ireland underlined its commitment to support the growing technological innovation in Saudi Arabia. Steve Harper, Executive Director of International Business at Invest Northern Ireland, revealed his country’s plans to strengthen cooperation with the Kingdom with the aim to increase landfill diversion and recycling rates at the regional and global levels.

In an interview with Asharq Al-Awsat, Harper said the agency was ready to exchange new experiences in modern technological innovation, financial technology and advanced engineering, in addition to expanding work in the fields of municipal solid waste, energy production from waste, health care, waste management, and cyber security.

He added that Invest Northern Ireland was Northern Ireland’s economic development agency, providing global expertise in a variety of sectors.

“We have been working in Saudi Arabia for more than a decade, and we pay special attention to this relationship, especially in light of the rapid changes that the Kingdom is witnessing and its quest to achieve Saudi Vision 2030, which focuses on promoting economic diversification and growth,” Harper told Asharq Al-Awsat.

He emphasized the great alignment between Saudi Vision 2030 and the agency’s mission, pointing to the presence of many opportunities for Northern Irish companies to engage in the Kingdom’s ongoing transformation.

Harper noted that Northern Ireland companies were working closely with many of the corporations based in the Kingdom, drawing on their expertise in vital Saudi sectors.

Those include life sciences, health, higher education and environmental management, such as construction and demolition waste management, municipal solid waste management, energy production from waste, and modern technological innovations.

In this context, Northern Ireland firms forge partnerships with local companies and sectors in order to build knowledge, apply best practices and innovations, and in general, achieve readiness for future business development, he underlined.

Harper said that Northern Ireland was working closely with its Saudi partners, in healthcare, waste management, education, technology and cyber-security, and other sectors.

“This cooperation has positive effects, not only in increasing the strengths of Northern Ireland’s portfolio of expertise in these sectors, but also on our new and rapidly developing capability in the areas of technological innovation, Fintech and advanced engineering,” he told Asharq Al-Awsat.

Northern Ireland provides support in many sectors and fields in Saudi Arabia, Harper said. For example, it commissioned Averda and Kiverco to design, build and install a waste recycling plant, which will help in the recycling of all construction waste from the Red Sea Project in the Kingdom.

He added that the Northern Ireland economic development agency has recently hosted members of the senior management of the Saudi Investment Recycling Company to present its global expertise in the field of manufacturing dry and wet waste recycling technologies and equipment.

He said in this regard that the Saudi Investment Recycling Company seeks to set an example in this field by developing and operating projects to increase landfill diversion rates and promote recycling at the regional and global levels, driven by Saudi Vision 2030.

He continued: “Our companies support the technological innovation that has begun to emerge strongly in the Kingdom.”

SIM Systems, for example, the largest provider of access control and integrated security management systems in Belfast, is working to provide these systems to King Khalid University Hospital, in addition to a number of major international airports in the region, he continued.

Citing other Northern Ireland companies currently operating in the Kingdom, Harper pointed to CrowdVision, a robotic pedestrian analytics and statistics company, which provides real-time data to help manage crowds and ensure the safety of millions of pilgrims in the holy city of Makkah.

In terms of luxury activities, Ulster Carpets has a proven track record of success in the Middle East region by providing luxury carpets to its customers from prestigious hotels, Harper underlined. The company is currently working in partnership with Jabal Omar Development Company in Saudi Arabia.

These few examples are solid evidence of the Kingdom’s demand for Northern Ireland’s world-class products and expertise, Harper stated.

Asked about cooperation in the field of education and university exchange, he replied that the two largest universities in Northern Ireland – Ulster and Queen’s Belfast - have established a range of partnerships with universities in Saudi Arabia.

For a decade, the University of Ulster has been providing successful nursing programs in Saudi Arabia. As for its experience in the field of tourism and hospitality in particular, it ranks first in the United Kingdom in the field of hospitality, he noted.

Queen’s University Belfast, in turn, has established close relationships with the higher education sector in the Kingdom, including a partnership with the University of Jeddah in a range of disciplines at the graduate and research levels, Harper told Asharq Al-Awsat.

He added that the university was working with the Saudi ministries of Health and Interior to train and develop the healthcare workforce, including doctors, dentists, and nurses.

More than 150 students from the Kingdom are currently enrolled in many undergraduate, graduate and research programs, including at the Center for Secure Information Technologies at Queen’s University Belfast, Harper remarked.

All of the above is the best example of the support provided by Invest Northern Ireland and Northern Ireland as a whole to the Kingdom in achieving Saudi Vision 2030, he stressed.



IMF and Arab Monetary Fund Sign MoU to Enhance Cooperation

The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki - SPA
The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki - SPA
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IMF and Arab Monetary Fund Sign MoU to Enhance Cooperation

The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki - SPA
The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki - SPA

The International Monetary Fund (IMF) and the Arab Monetary Fund (AMF) signed a memorandum of understanding (MoU) on the sidelines of the AlUla Conference on Emerging Market Economies (EME) to enhance cooperation between the two institutions.

The MoU was signed by IMF Managing Director Dr. Kristalina Georgieva and AMF Director General Dr. Fahad Alturki, SPA reported.

The agreement aims to strengthen coordination in economic and financial policy areas, including surveillance and lending activities, data and analytical exchange, capacity building, and the provision of technical assistance, in support of regional financial and economic stability.

Both sides affirmed that the MoU represents an important step toward deepening their strategic partnership and strengthening the regional financial safety net, serving member countries and enhancing their ability to address economic challenges.


Saudi Chambers Federation Announces First Saudi-Kuwaiti Business Council

File photo of the Saudi flag/AAWSAT
File photo of the Saudi flag/AAWSAT
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Saudi Chambers Federation Announces First Saudi-Kuwaiti Business Council

File photo of the Saudi flag/AAWSAT
File photo of the Saudi flag/AAWSAT

The Federation of Saudi Chambers announced the formation of the first joint Saudi-Kuwaiti Business Council for its inaugural term (1447–1451 AH) and the election of Salman bin Hassan Al-Oqayel as its chairman.

Al-Oqayel said the council’s formation marks a pivotal milestone in economic relations between Saudi Arabia and Kuwait, reflecting a practical approach to enabling the business sectors in both countries to capitalize on promising investment opportunities and strengthen bilateral trade and investment partnerships, SPA reported.

He noted that trade between Saudi Arabia and Kuwait reached approximately SAR9.5 billion by the end of November 2025, including SAR8 billion in Saudi exports and SAR1.5 billion in Kuwaiti imports.


Leading Harvard Trade Economist Says Saudi Arabia Holds Key to Success in Fragmented Global Economy

Professor Pol Antràs speaks during a panel discussion at the AlUla Conference for Emerging Market Economies (Asharq Al-Awsat).
Professor Pol Antràs speaks during a panel discussion at the AlUla Conference for Emerging Market Economies (Asharq Al-Awsat).
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Leading Harvard Trade Economist Says Saudi Arabia Holds Key to Success in Fragmented Global Economy

Professor Pol Antràs speaks during a panel discussion at the AlUla Conference for Emerging Market Economies (Asharq Al-Awsat).
Professor Pol Antràs speaks during a panel discussion at the AlUla Conference for Emerging Market Economies (Asharq Al-Awsat).

Harvard University economics professor Pol Antràs said Saudi Arabia represents an exceptional model in the shifting global trade landscape, differing fundamentally from traditional emerging-market frameworks. He also stressed that globalization has not ended but has instead re-formed into what he describes as fragmented integration.

Speaking to Asharq Al-Awsat on the sidelines of the AlUla Conference for Emerging Market Economies, Antràs said Saudi Arabia’s Vision-driven structural reforms position the Kingdom to benefit from the ongoing phase of fragmented integration, adding that the country’s strategic focus on logistics transformation and artificial intelligence constitutes a key engine for sustainable growth that extends beyond the volatility of global crises.

Antràs, the Robert G. Ory Professor of Economics at Harvard University, is one of the leading contemporary theorists of international trade. His research, which reshaped understanding of global value chains, focuses on how firms organize cross-border production and how regulation and technological change influence global trade flows and corporate decision-making.

He said conventional classifications of economies often obscure important structural differences, noting that the term emerging markets groups together countries with widely divergent industrial bases. Economies that depend heavily on manufacturing exports rely critically on market access and trade integration and therefore face stronger competitive pressures from Chinese exports that are increasingly shifting toward alternative markets.

Saudi Arabia, by contrast, exports extensively while facing limited direct competition from China in its primary export commodity, a situation that creates a strategic opportunity. The current environment allows the Kingdom to obtain imports from China at lower cost and access a broader range of goods that previously flowed largely toward the United States market.

Addressing how emerging economies should respond to dumping pressures and rising competition, Antràs said countries should minimize protectionist tendencies and instead position themselves as committed participants in the multilateral trading system, allowing foreign producers to access domestic markets while encouraging domestic firms to expand internationally.

He noted that although Chinese dumping presents concerns for countries with manufacturing sectors that compete directly with Chinese production, the risk is lower for Saudi Arabia because it does not maintain a large manufacturing base that overlaps directly with Chinese exports. Lower-cost imports could benefit Saudi consumers, while targeted policy tools such as credit programs, subsidies, and support for firms seeking to redesign and upgrade business models represent more effective responses than broad protectionist measures.

Globalization has not ended

Antràs said globalization continues but through more complex structures, with trade agreements increasingly negotiated through diverse arrangements rather than relying primarily on multilateral negotiations. Trade deals will continue to be concluded, but they are likely to become more complex, with uncertainty remaining a defining feature of the global trading environment.

Interest rates and artificial intelligence

According to Antràs, high global interest rates, combined with the additional risk premiums faced by emerging markets, are constraining investment, particularly in sectors that require export financing, capital expenditure, and continuous quality upgrading.

However, he noted that elevated interest rates partly reflect expectations of stronger long-term growth driven by artificial intelligence and broader technological transformation.

He also said if those growth expectations materialize, productivity gains could enable small and medium-sized enterprises to forecast demand more accurately and identify previously untapped markets, partially offsetting the negative effects of higher borrowing costs.

Employment concerns and the role of government

The Harvard professor warned that labor markets face a dual challenge stemming from intensified Chinese export competition and accelerating job automation driven by artificial intelligence, developments that could lead to significant disruptions, particularly among younger workers. He said governments must adopt proactive strategies requiring substantial fiscal resources to mitigate near-term labor-market shocks.

According to Antràs, productivity growth remains the central condition for success: if new technologies deliver the anticipated productivity gains, governments will gain the fiscal space needed to compensate affected groups and retrain the workforce, achieving a balance between addressing short-term disruptions and investing in long-term strategic gains.