Interview: Promoting Investments in Saudi Arabia’s Natural Reserves

The Imam Turki bin Abdullah Reserve is one of six royal reserves in Saudi Arabia, established in 2018 by royal order. (Photo: SPA)
The Imam Turki bin Abdullah Reserve is one of six royal reserves in Saudi Arabia, established in 2018 by royal order. (Photo: SPA)
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Interview: Promoting Investments in Saudi Arabia’s Natural Reserves

The Imam Turki bin Abdullah Reserve is one of six royal reserves in Saudi Arabia, established in 2018 by royal order. (Photo: SPA)
The Imam Turki bin Abdullah Reserve is one of six royal reserves in Saudi Arabia, established in 2018 by royal order. (Photo: SPA)

Eng. Muhammad Alshaalan, CEO of the Imam Turki Bin Abdullah Royal Nature Reserve Development Authority, revealed efforts to engage the private sector in the protected areas, whether through hotels, rural lodges or sustainable hunting reserves.

He disclosed an agreement with the Ministry of Tourism and the Saudi Tourism Authority to attract investments in the sector.

In an interview with Asharq Al-Awsat, Alshaalan said that the Authority was seeking to create jobs for the local community and increase the contribution of small and medium-sized enterprises, in addition to activating eco-tourism in the Kingdom.

Asked about the Imam Turki bin Abdullah Reserve, he said: “It is one of six royal reserves in Saudi Arabia, established in 2018 by royal order. It is located in the northeastern part of the country on an area of 91,000 square kilometers. It has three main goals, mainly the preservation, development and diversification of wildlife.”

He added that around 80,000 to 100,000 people live in villages and deserts within the reserve.

“We seek to create jobs and training for the local community and increase the contribution of small and medium businesses,” he said.

The Authority aims to promote ecotourism in general, Alshaalan emphasized, noting that the reserve was home to beautiful sites, including the historic King Abdulaziz Palace in Linah, the ancient market, and Darb Zubaydah.

“These places attract local and foreign visitors, who are looking to explore historical and environmental areas of this kind,” he stated.

He noted that the Authority has established a center for houbara breeding, with the support and guidance of the Chairman of the Board of Directors, Prince Turki bin Muhammad bin Fahd.

He explained that the main objective was to conduct studies and research on this particular bird, especially the Asian Houbara, and on its reproduction and release in its natural habitats.

According to Alshaalan, the center aspires to create jobs for the local community and is mainly managed by the residents, with the aim to promote the development of the local economy, the use of surplus production for sustainable hunting, the activation of regulated hunting reserves, as well as attracting investors and those interested in the sector.

“The Prince Saud Al-Faisal Wildlife Center was established in the 1980s, followed by Al-Taysiyah Reserve… With the Saudi vision, environmental events have greatly accelerated...” he remarked.

The CEO of the Imam Turki Bin Abdullah Natural Reserve Development Authority noted that the Houbara bird was threatened with extinction, as a result of the destruction of natural habitats and other factors.

He explained: “In the first years, we will start in the center with a capacity of up to 1,000 productive birds; we mainly seek to train and prepare, so that we can take full advantage of this production, and then basically simulate nature, whether in the production process or feed.”

Alshaalan underlined the importance of preserving the genetic sequence and the environmental and natural characteristics of the bird.

Asked about plans to engage the private sector in the investments of the reserve, he said: “We have today a set of paths, whether in hotels, rural lodges, sustainable hunting reserves, or the Zubaydah trail activities and the activation of tourist areas. We have signed an agreement with the Ministry of Tourism and the Saudi Tourism Authority, aimed at attracting investors in the protected areas in general.”



Indian Refiners Avoid Russian Oil in Push for US Trade Deal

An employee walks inside the premises of an oil refinery of Essar Oil in Vadinar in the western state of Gujarat, India, October 4, 2016. REUTERS/Amit Dave/File Photo
An employee walks inside the premises of an oil refinery of Essar Oil in Vadinar in the western state of Gujarat, India, October 4, 2016. REUTERS/Amit Dave/File Photo
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Indian Refiners Avoid Russian Oil in Push for US Trade Deal

An employee walks inside the premises of an oil refinery of Essar Oil in Vadinar in the western state of Gujarat, India, October 4, 2016. REUTERS/Amit Dave/File Photo
An employee walks inside the premises of an oil refinery of Essar Oil in Vadinar in the western state of Gujarat, India, October 4, 2016. REUTERS/Amit Dave/File Photo

Indian refiners are avoiding Russian oil purchases for delivery in April and are expected to stay away from such trades for longer, refining and trade sources said, a move that could help New Delhi seal a trade pact with Washington, according to Reuters.

The US and India moved closer to a trade pact on Friday, announcing a framework for a deal they hope to conclude by March that would lower tariffs and deepen economic cooperation.

Indian Oil, Bharat Petroleum and Reliance Industries are not accepting offers from traders for Russian oil loading in March and April, said a trader who approached the refiners.

These refiners, however, had already scheduled some deliveries of Russian oil in March, refining sources said. Most other refiners have stopped buying Russian crude.

A foreign ministry spokesperson said: “Diversifying our energy sourcing in keeping with objective market conditions and evolving international dynamics is at the core of our strategy” to ensure energy security for the world's most-populous nation.

Although a US-India statement on the trade framework did not mention Russian oil, President Donald Trump rescinded his 25% tariffs on Indian goods, imposed over Russian oil purchases, because, he said, New Delhi had “committed to stop directly or indirectly” importing Russian oil.

New Delhi has not announced plans to halt Russian oil imports.

India became the top buyer of discounted Russian seaborne crude after Russia invaded Ukraine in 2022, spurring a backlash from Western nations that had targeted Russia's energy sector with sanctions aimed at curtailing Moscow's revenue and making it harder to fund the war.

One regular Indian buyer is Russia-backed private refiner Nayara, which relies solely on Russian oil for its 400,000-barrel-per-day refinery. Sources said Nayara may be allowed to keep buying Russian oil because other crude sellers pulled back after the European Union sanctioned the refiner in July.

Nayara also does not plan to import Russian crude in April due to a month-long refinery maintenance shutdown, a source familiar with its operations said.

Nayara did not respond to an email seeking comment.

Indian refiners may change their plan and place orders for Russian oil only if advised by the government, sources said.

Trump's order said US officials would monitor and recommend reinstating the tariffs if India resumed oil procurement from Russia.

Sources said last month that India was preparing to cut Russian oil imports below 1 million bpd by March, with volumes eventually falling to 500,000–600,000 bpd, compared with an average 1.7 million bpd last year. India's Russian oil imports topped 2 million bpd in mid-2025.

The intake of Russian oil by India, the world's third-biggest oil consumer and importer, declined to its lowest level in two years in December, data from trade and industry sources show.

 


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.