SPARK to Launch Organic Fertilization to Lock Humidity in Saudi Arabia’s Sands

A visualized scene of the King Salman Energy Park in eastern Saudi Arabia, which operates according to a policy of sustainability in energy and environment. In the frame, CEO Saif Al-Qahtani (Asharq Al-Awsat)
A visualized scene of the King Salman Energy Park in eastern Saudi Arabia, which operates according to a policy of sustainability in energy and environment. In the frame, CEO Saif Al-Qahtani (Asharq Al-Awsat)
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SPARK to Launch Organic Fertilization to Lock Humidity in Saudi Arabia’s Sands

A visualized scene of the King Salman Energy Park in eastern Saudi Arabia, which operates according to a policy of sustainability in energy and environment. In the frame, CEO Saif Al-Qahtani (Asharq Al-Awsat)
A visualized scene of the King Salman Energy Park in eastern Saudi Arabia, which operates according to a policy of sustainability in energy and environment. In the frame, CEO Saif Al-Qahtani (Asharq Al-Awsat)

With the launch of the 2022 United Nations Climate Change Conference (COP27) in Sharm El-Sheikh, which will witness the holding of the largest regional gathering in support of the two Saudi initiatives - the Green Middle East and Green Saudi Arabia - the King Salman Energy Park (SPARK) is emerging as a sustainable global energy center in the east of the Kingdom, with the vision of becoming a regional gateway for logistics services in the energy sector.

In an interview with Asharq Al-Awsat, SPARK Chairman and CEO Saif Al-Qahtani revealed a number of initiatives and future plans to minimize environmental impacts and achieve maximum benefits from green investment, by providing world-class infrastructure in the refining, petrochemical, electric power and water production industries.

Integrated system

Al-Qahtani said that work was underway to develop an industrial zone, a business district, a residential and commercial district and a training zone, in addition to the dry port and logistics services area, which stretches over an area of 3 square kilometers and includes warehouses, modern storage facilities and a customs clearance area.

With the rapid progress of the mega project, the environmentally friendly and sustainable building techniques and advanced materials adopted by SPARK will ensure that the environmental impacts are minimized and the maximum benefit is achieved, by creating opportunities and reducing operational costs, according to the CEO.

He added that SPARK sought to provide world-class infrastructure for global investors in the crude oil and gas industries, refining, petrochemical industries, electric power and water production and treatment, pointing out that the project is expected to contribute $6 billion annually to the GDP by 2035.

Maximizing sustainability

Al-Qahtani noted that the project would witness the implementation of transformational initiatives and practices, based on sustainability in line with the objectives of the Green Saudi Initiative.

He stated that SPARK sought to become an industrial city that supports the circular carbon economy and achieve zero emissions by 2040. He cited the lighting of city streets with thousands of solar lamps, which are powered by vertical photovoltaic cells and lithium-ion batteries to store energy during the day.

SPARK is expected to become an international model city that facilitates the development of sustainable energy and environmentally-friendly technical solutions, he underlined.

Soil fertilization

Al-Qahtani disclosed efforts to rationalize water consumption, noting that most of the water is reused after treatment. He added that the rainwater drainage system was designed in proportion to the natural terrain surrounding the city, to eventually pour into a natural basin located on the outskirts of the project.
Al-Qahtani unveiled an experiment conducted by SPARK to fertilize the soil with the Liquid Nano Clay technology, an organic mixture that locks humidity and essential nutrients when sprayed on the arid desert sands, thus allowing plants to receive the much needed resources that are often scarce in this type of soil.

Investors’ flow

According to Al-Qahtani, SPARK provides an integrated and flexible business environment through its advanced infrastructure and world-class ICT systems that support the success of investors and the growth of their businesses.

SPARK is committed to helping investors meet environmental, social and corporate governance requirements and standards, he emphasized.

“As part of a leading global ecosystem at the heart of energy markets... SPARK’s design provides investors with an easy access to global markets, as the joint venture with Hutchison Ports will provide a fully automated, advanced logistics area supported by a world-class multimodal dry inland port, warehouses, and support services,” Al-Qahtani said.

“Through its advanced infrastructure, readiness and integration of services, SPARK aims to support all investors, and help them document their participation in the project at every step,” he added.

He noted that, during the past three years, the city was able to attract a large number of investors and partners, stressing that 40 major companies in the field of energy and technology have started investing in the project.

In the coming years, the total direct investment in King Salman Energy Park is expected to exceed $3 billion, the CEO said.

Presented projects

Al-Qahtani stated that SPARK would encompass the largest dry port in the region with a capacity of 10 million tons, with all the necessary services to facilitate exports and imports.

He added that the dry port would be managed and operated according to the highest international standards, under a partnership agreement with Hutchison Ports, a global port operator.

In addition, Al-Qahtani stressed that SPARK supported a number of national programs that aim to increase productivity in the labor market and create more employment opportunities.

He noted that partnerships and agreements have been concluded with national universities, such as King Faisal University and Prince Mohammad Bin Fahd University, in line with the values and principles of environmental responsibility and improving operational efficiency.

Sustainability practices

The CEO of SPARK indicated that the project would adopt integrated sustainability practices, and its master plan has been developed to attract local and international industrial investors.

He added that SPARK was working to create a world-class city with industrial, commercial and residential assets that will enable its community to function and live sustainably.

Moreover, Al-Qahtani revealed that the city has launched a number of initiatives that enhance its international efforts to lead sustainability in the energy sector, including the use of fiber-reinforced polymer rods in bridges, which is the first of its kind in the Middle East, as well as the use of green concrete, which replaces almost 30% of cement in concrete mixes with recycled asphalt residues, achieving the same results in terms of durability while reducing the carbon emissions.



Riyadh Air Launches ‘Employment First’ Overseas Aviation Training Scholarship Program

Riyadh Air Launches ‘Employment First’ Overseas Aviation Training Scholarship Program
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Riyadh Air Launches ‘Employment First’ Overseas Aviation Training Scholarship Program

Riyadh Air Launches ‘Employment First’ Overseas Aviation Training Scholarship Program

Riyadh Air has announced its ‘Employment-First’ Overseas Scholarship Program, which aims to launch several scholarship tracks, starting with two specialized paths for engineers in Australia, followed by a pilot training program in the United States.

The initiative falls under ‘Promising Path’, one of the tracks within the Custodian of the Two Holy Mosques Scholarship Program, in collaboration with the Ministry of Education, the Ministry of Transport and Logistic Services, and the General Authority of Civil Aviation (GACA).

This strategic step aims to build national competencies and train a new generation of specialists in the aviation sector, SPA reported.

According to a recent press release from Riyadh Air, the program will introduce several global training pathways, with the initial phase focusing on sending scholarship students to Australia to study towards Bachelor’s degrees in Aircraft Maintenance Engineering, covering both Mechanical Engineering and Avionics (Electronics). Next month, Riyadh Air will launch a Commercial Aviation training program in the United States.

In line with Riyadh Air’s commitment to supporting students' career progression, participants will be employed before commencing their scholarships. This ensures that their years of experience are registered with the General Organization for Social Insurance, enhancing their professional readiness from day one.

The program's launch is part of Riyadh Air’s continuous efforts to empower national talent and provide the Kingdom’s young and vibrant workforce with essential skills and knowledge, representing an even greater long-term investment in the future of the Kingdom's aviation industry.

Vice President of Talent Acquisition and Business Partners at Riyadh Air Nahar Aljahani stated: "The 'Employment-First' Scholarship Program is a part of our commitment to developing national human capital and enabling Saudi youth - both men and women - to access world-class education.

Its impact will reflect positively on the development of the aviation sector in the Kingdom, contributing to the company's goal of creating over 200,000 direct and indirect jobs."

With these programs, Riyadh Air continues to play a part in building a promising future for Saudi citizens and enhancing the competitiveness of our graduates in the global aviation industry.


Japan PM Reassures Markets with Fiscal Discipline in Next Year’s Budget

Japan's Prime Minister Sanae Takaichi delivers a speech at the 14th Council Meeting of the Japan Business Federation, or Keidanren, in Tokyo on December 25, 2025. (AFP)
Japan's Prime Minister Sanae Takaichi delivers a speech at the 14th Council Meeting of the Japan Business Federation, or Keidanren, in Tokyo on December 25, 2025. (AFP)
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Japan PM Reassures Markets with Fiscal Discipline in Next Year’s Budget

Japan's Prime Minister Sanae Takaichi delivers a speech at the 14th Council Meeting of the Japan Business Federation, or Keidanren, in Tokyo on December 25, 2025. (AFP)
Japan's Prime Minister Sanae Takaichi delivers a speech at the 14th Council Meeting of the Japan Business Federation, or Keidanren, in Tokyo on December 25, 2025. (AFP)

Japanese Prime Minister Sanae Takaichi sought on Thursday to ease market concerns over her expansionary fiscal policy, saying the government's draft budget maintains discipline by limiting reliance on debt.

There has been growing investor unease about fiscal expansion under Takaichi's administration, which has driven super-long government bond yields to record highs and weighed on the yen.

The budget for the year starting in April, to be finalized on Friday and submitted to parliament early in 2026, ‌will total 122.3 trillion ‌yen ($785.4 billion), Takaichi told ruling coalition executives.

The huge ‌spending ⁠will come ‌on top of a 21.3 trillion-yen stimulus package, compiled in November and funded by a supplementary budget for the current fiscal year, that focused on cushioning the blow to households from rising living costs.

Despite the record size, new government bond issuance for the next fiscal year will be capped at 29.6 trillion yen, staying below 30 trillion yen for a second straight year, ⁠she said.

The reliance on debt will fall to 24.2% from 24.9% in the initial fiscal 2025 ‌budget, which dipped below 30% for the ‍first time in 27 years, she said. ‍The 24.2% debt dependence ratio would be the lowest since 1998.

"We ‍believe this draft budget strikes a balance between fiscal discipline and achieving a strong economy while ensuring fiscal sustainability," Takaichi said.

In a separate speech at Japanese business lobby Keidanren, Takaichi said that her "responsible, proactive" fiscal policy means strategic spending with a long-term perspective.

"It does not mean expanding expenditures indiscriminately based solely on scale," she said.

In a report to clients, Yusuke Matsuo, ⁠Mizuho Securities' senior market economist, said Takaichi would still need to promote proactive fiscal spending to avoid alienating her political base. He added that financial markets could be reassured if the government sticks to a less aggressive stance on spending.

Signaling a shift in the government's reflationary policy push, private-sector members of a government panel on Thursday called on the government to clearly show the public how the debt-to-gross domestic product ratio can be steadily reduced under Takaichi's government.

The four private-sector members include former Bank of Japan Deputy Governor Masazumi Wakatabe and economist Toshihiro Nagahama - known as reflationist aides of Takaichi.

Their proposals were discussed at ‌the Council on Economic and Fiscal Policy (CEFP), which oversees Japan's fiscal blueprint and long-term economic policies.


Asian Shares are Mixed after US Stocks Drift to More Records

Currency dealers monitor exchange rates as a screen (R) shows South Korea's benchmark stock index in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on November 5, 2025. (Photo by Jung Yeon-je / AFP)
Currency dealers monitor exchange rates as a screen (R) shows South Korea's benchmark stock index in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on November 5, 2025. (Photo by Jung Yeon-je / AFP)
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Asian Shares are Mixed after US Stocks Drift to More Records

Currency dealers monitor exchange rates as a screen (R) shows South Korea's benchmark stock index in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on November 5, 2025. (Photo by Jung Yeon-je / AFP)
Currency dealers monitor exchange rates as a screen (R) shows South Korea's benchmark stock index in a foreign exchange dealing room at the Hana Bank headquarters in Seoul on November 5, 2025. (Photo by Jung Yeon-je / AFP)

Asian shares were mixed Thursday in thin holiday trading, with most markets in the region and elsewhere closed for Christmas.

In Tokyo, the Nikkei 225 edged 0.1% higher to 50,407.79. It has gained nearly 30% this year.

The dollar slipped to 155.85 Japanese yen from 155.94 yen. The euro climbed to $1.1786 from $1.1780.

Markets in mainland China advanced, with the Shanghai Composite index up 0.5% at 3,959.62. Hong Kong's exchange was closed, The Associated Press said.

Investors were encouraged by a statement by the People’s Bank of China, China’s central bank, promising to ensure adequate money supply to support financing, economic growth and inflation targets. Earlier in the week, the PBOC had opted to keep its key short-term lending rates unchanged.

Shares fell in Thailand and Indonesia.

On Wednesday, the S&P 500 index rose 0.3% to 6,932.05 and the Dow Jones Industrial Average added 0.6% to close at 48,731.16. The Nasdaq composite added 0.2% to 23,613.31

Trading was extremely light as markets closed early for Christmas Eve and will be closed for Christmas on Thursday. US markets will reopen for a full day of trading on Friday, though volumes will likely remain light this week with most investors having closed out their positions for the year.

The S&P 500 is up more than 17% this year, as investors have embraced the deregulatory policies of the Trump administration and been optimistic about the future of artificial intelligence in helping boost profits for not only technology companies but also for Corporate America.

Much of the focus for investors for the next few weeks will be on where the US economy is heading and where the Federal Reserve will move interest rates. Investors are betting the Fed will hold steady on interest rates at its January meeting.

The US economy grew at a surprisingly strong 4.3% annual rate in the third quarter, the most rapid expansion in two years, driven by consumers who continue to spend despite strong inflation. There have also been recent reports showing shaky confidence among consumers worried about high prices. The labor market has been slowing and retail sales have weakened.

The number of Americans applying for unemployment benefits fell last week and remain at historically healthy levels despite some signs that the labor market is weakening.

US applications for jobless claims for the week ending Dec. 20 fell by 10,000 to 214,000 from the previous week’s 224,000, the Labor Department reported Wednesday. That’s below the 232,000 new applications forecast of analysts surveyed by the data firm FactSet.

Dynavax Technologies soared 38.2% after Sanofi said it was acquiring the California-based vaccine maker in a deal worth $2.2 billion. The French drugmaker will add Dynavax’s hepatitis B vaccines to its portfolio, as well as a shingles vaccine that is still in development.

Novo Nordisk's shares rose 1.8% after the weight-loss drug company got approval from US regulators for a pill version of its blockbuster drug Wegovy. However, Novo Nordisk shares are still down almost 40% this year as the company has faced increased competition for weight-loss medications, particularly from Eli Lilly. Shares of Eli Lilly are up 40% this year.

US crude oil closed at $58.35 a barrel and Brent crude finished at $61.80 a barrel.