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.



Japan Sets $19 Billion Business Target in Central Asia

TOKYO, JAPAN - DECEMBER 20: Japan's Prime Minister Sanae Takaichi, Kazakhstan's President Kassym-Jomart Tokayev, Tajikistan's President Emomali Rahmon, Turkmenistan's President Serdar Berdimuhamedov,  Kyrgyzstan's President Sadyr Zhaparov, and Uzbekistan’s President Shavkat Mirziyoyev attend the leaders-level "Central Asia plus Japan" Dialogue (CA+JAD) summit, in Tokyo, Japan, on December 20, 2025.     David MAREUIL/Pool via REUTERS
TOKYO, JAPAN - DECEMBER 20: Japan's Prime Minister Sanae Takaichi, Kazakhstan's President Kassym-Jomart Tokayev, Tajikistan's President Emomali Rahmon, Turkmenistan's President Serdar Berdimuhamedov, Kyrgyzstan's President Sadyr Zhaparov, and Uzbekistan’s President Shavkat Mirziyoyev attend the leaders-level "Central Asia plus Japan" Dialogue (CA+JAD) summit, in Tokyo, Japan, on December 20, 2025. David MAREUIL/Pool via REUTERS
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Japan Sets $19 Billion Business Target in Central Asia

TOKYO, JAPAN - DECEMBER 20: Japan's Prime Minister Sanae Takaichi, Kazakhstan's President Kassym-Jomart Tokayev, Tajikistan's President Emomali Rahmon, Turkmenistan's President Serdar Berdimuhamedov,  Kyrgyzstan's President Sadyr Zhaparov, and Uzbekistan’s President Shavkat Mirziyoyev attend the leaders-level "Central Asia plus Japan" Dialogue (CA+JAD) summit, in Tokyo, Japan, on December 20, 2025.     David MAREUIL/Pool via REUTERS
TOKYO, JAPAN - DECEMBER 20: Japan's Prime Minister Sanae Takaichi, Kazakhstan's President Kassym-Jomart Tokayev, Tajikistan's President Emomali Rahmon, Turkmenistan's President Serdar Berdimuhamedov, Kyrgyzstan's President Sadyr Zhaparov, and Uzbekistan’s President Shavkat Mirziyoyev attend the leaders-level "Central Asia plus Japan" Dialogue (CA+JAD) summit, in Tokyo, Japan, on December 20, 2025. David MAREUIL/Pool via REUTERS

Japan unveiled a five-year goal on Saturday for business projects totalling $19 billion in Central Asia as Tokyo vies for influence in the resource-rich region.

The announcement came after Prime Minister Sanae Takaichi hosted an inaugural summit with the leaders of five Central Asia nations -- Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan -- in Tokyo.

Japan "set a new target of business projects at a total amount of 3 trillion yen in 5 years in Central Asia", a joint statement said after Takaichi wrapped up her meeting with the five leaders.

Like the United States and the European Union, Japan is drawn by the region's enormous, but still mostly unexploited, natural resources in a push to diversify rare earths supplies and reduce dependence on China, AFP reported.

"It is important for Central Asia, blessed with abundant resources and energy sources, to expand its access to international markets," the statement said.

The leaders agreed to promote cooperation that can help the "strengthening of critical minerals supply chains", while also pledging to achieve economic growth and decarbonisation.

They also held separate summits with Russia's Vladimir Putin, China's Xi Jinping and EU chief Ursula von der Leyen this year.

The summit was seen as important for Japan to increase its presence in the region, said Tomohiko Uyama, a professor at Hokkaido University specializing in Central Asian politics.

"Natural resources have become a strong focus, particularly in the past year, because of China's moves involving rare earths," Uyama told AFP on Friday, referring to tight export controls introduced by Beijing this year.

The leaders agreed on Saturday to expand cooperation regarding "Trans-Caspian International Transport Route", a logistics network connecting to Europe without passing through Russia.

Efforts towards "safe, secure, and trustworthy Artificial Intelligence" were also agreed.

Tokyo has long encouraged Japanese businesses to invest in the region, although they remain cautious.

Xi visited Astana in June, and China -- which shares borders with Kazakhstan, Kyrgyzstan and Tajikistan -- has presented itself as a main commercial partner, investing in huge infrastructure projects.

The former Soviet republics still see Moscow as a strategic partner but have been spooked by Russia's invasion of Ukraine.

Other than rare earths, Kazakhstan is the world's largest uranium producer, Uzbekistan has giant gold reserves and Turkmenistan is rich in gas.

Mountainous Kyrgyzstan and Tajikistan are also opening up new mineral deposits.

However, exploiting those reserves remains complicated in the harsh and remote terrains of the impoverished states.


World Bank Approves $700 Million for Pakistan's Economic Stability

A view of traffic circulating amid dense fog in Islamabad, Pakistan, 18 December 2025. EPA/SOHAIL SHAHZAD
A view of traffic circulating amid dense fog in Islamabad, Pakistan, 18 December 2025. EPA/SOHAIL SHAHZAD
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World Bank Approves $700 Million for Pakistan's Economic Stability

A view of traffic circulating amid dense fog in Islamabad, Pakistan, 18 December 2025. EPA/SOHAIL SHAHZAD
A view of traffic circulating amid dense fog in Islamabad, Pakistan, 18 December 2025. EPA/SOHAIL SHAHZAD

The World Bank said on Friday that it has approved $700 million in financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.

The funds will be released under the bank's Public Resources for Inclusive Development - Multiphase Programmatic ⁠Approach (PRID-MPA), which could provide up to $1.35 billion in total financing, the lender said. Of this amount, $600 million will go for federal programs and $100 million will ⁠support a provincial program in the southern Sindh province.

The approval follows a $47.9 million World Bank grant in August to improve primary education in Pakistan's most populous Punjab province.

In November, an IMF-World Bank report, uploaded by Pakistan's finance ministry, said Pakistan's fragmented ⁠regulation, opaque budgeting and political capture are curbing investment and weakening revenue. Regional tensions may surface over international financing for Pakistan.

In May, Reuters reported that India would oppose World Bank funding for Pakistan, citing a senior government source in New Delhi.


Oil Set for Second Straight Weekly Decline on Supply Outlook

A view of an oil pump jack on the prairies near Claresholm, Alberta, Canada January 18, 2025. REUTERS/Todd Korol
A view of an oil pump jack on the prairies near Claresholm, Alberta, Canada January 18, 2025. REUTERS/Todd Korol
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Oil Set for Second Straight Weekly Decline on Supply Outlook

A view of an oil pump jack on the prairies near Claresholm, Alberta, Canada January 18, 2025. REUTERS/Todd Korol
A view of an oil pump jack on the prairies near Claresholm, Alberta, Canada January 18, 2025. REUTERS/Todd Korol

Oil prices rose on Friday but were poised for a second straight weekly decline as a potential supply glut and prospects of a Russia-Ukraine peace deal limited gains driven by concerns over disruptions from a blockade of Venezuelan tankers.

Brent crude futures were up 52 cents, or 0.87%, at $60.34 a barrel by ‌1357 GMT ‌while US West Texas Intermediate crude ‌rose ⁠51 ​cents, ‌or 0.9%, to $56.66.

On a weekly basis, the Brent and WTI benchmarks were down 1.3% and 1.4% respectively, according to Reuters.

"That we're ⁠staying down at these levels indicates that the market is awash with ‌oil right now," said Ole Hansen, ‍head of commodity strategy at ‍Saxo Bank. "There's enough oil to mitigate any disruptions."

Uncertainty over ‍how the US would enforce President Donald Trump's intent to block sanctioned tankers from entering and leaving Venezuela tempered geopolitical risk premiums, IG analyst Tony Sycamore said.

Venezuela, which pumps about 1% ​of global oil supplies, on Thursday authorised two unsanctioned cargoes to set sail for China, said two ⁠sources familiar with Venezuela's oil export operations.

Optimism over a potential US-led Ukraine peace deal also eased supply risk concerns, Sycamore said.

However, Bank of America analysts said they expect lower oil prices to curb supply, which could stop prices from going into freefall.

Investors also watched developments in Russia's war in Ukraine after Kyiv ramped up attacks on Russia's energy infrastructure. Ukraine struck a "shadow fleet" oil tanker in the Mediterranean Sea with aerial drones for the first time, ‌a Ukrainian official said on Friday.