Saudi Arabia Signs Agreement to Develop Aviation-Grade Titanium Alloy Value Chainshttps://english.aawsat.com/home/article/4184351/saudi-arabia-signs-agreement-develop-aviation-grade-titanium-alloy-value-chains
Saudi Arabia Signs Agreement to Develop Aviation-Grade Titanium Alloy Value Chains
The Saudi Ministry of Investment signed on Monday an investment cooperation agreement with Tasnee and Boeing to explore the potential investment. (Asharq Al-Awsat)
Saudi Arabia Signs Agreement to Develop Aviation-Grade Titanium Alloy Value Chains
The Saudi Ministry of Investment signed on Monday an investment cooperation agreement with Tasnee and Boeing to explore the potential investment. (Asharq Al-Awsat)
The Saudi Ministry of Investment signed on Monday an investment cooperation agreement with Saudi Arabia’s Tasnee and Boeing to explore the potential investment and development collaboration opportunities to advance the aviation-grade titanium alloy value chain in the Kingdom for mid and downstream applications.
Tasnee CEO and board member Mutlaq al-Morished stressed that the agreement aims to explore potential cooperation investment and development opportunities between the two companies to enhance the titanium value chain to serve intermediate industries.
Morished told Asharq Al-Awsat that the Ministry of Investment supports the two parties by facilitating their collaboration with the relevant government sectors and addressing the challenges.
He indicated that Tasnee is the only company in the Middle East that manufactures titanium "sponge," used in manufacturing aircraft, nuclear submarines, missiles, and satellites. It produces 15,500 tons annually, equivalent to 10 percent of global production.
The CEO added that the metal is strategic and contributes to achieving Vision 2030 aimed at further localizing technology for advanced industries that raise the competitiveness of the national product and boost the contribution of the private sector and non-oil exports to the gross domestic product.
The Advanced Metal Industries Cluster (AMIC) was established jointly by Tasnee and Cristal in 2014 with a mandate to develop the Titanium Value chain in the Kingdom.
AMIC has established the Upstream projects by setting up a Titanium Sponge plant in Yanbu Industrial City through a JV with Toho – Japan.
The company has established a titanium smelter plant in Jazan City for primary and downstream industries which are considered the world's largest, with an annual capacity of 500,000 tons of titanium slag and 250,000 tons of pig iron.
In 2021, Tasnee announced that the Titanium Ilmenite Smelter Plant is forecast to start trial operations in Q4 of 2021. The first batch was produced in early December of the same year.
Tasnee announced that after implementing all required modifications by Metso Outotec and the relevant contractors, the mechanical completion was achieved in 2021, followed by start-up preparations and heat-up of the furnace.
The furnace load will ramp up from the current 18MW to 30 MW by mid-January 2022. It is the first holding point planned to last 90 days, to optimize the operating parameters of the furnace.
The success of the operation run at the first holding point will then be followed by ramping the load up gradually to around 45MW (70 percent of design capacity) by the end of Q2 2022, the target load for the execution of the sustainable operation test.
The operation was targeted to achieve this milestone in Q4 2022, and the furnace would increase its load to a design capacity of 60 MW.
Saudi Arabia, Türkiye Sign MoU on Cooperation in Electricity Projectshttps://english.aawsat.com/business/5339960-saudi-arabia-t%C3%BCrkiye-sign-mou-cooperation-electricity-projects
(From left to right) Saudi Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Turkish President Recep Tayyip Erdogan and Turkish Minister of Energy and Natural Resources Alparslan Bayraktar at the signing ceremony on Tuesday. (SPA)
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Saudi Arabia, Türkiye Sign MoU on Cooperation in Electricity Projects
(From left to right) Saudi Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman bin Abdulaziz Al Saud, Turkish President Recep Tayyip Erdogan and Turkish Minister of Energy and Natural Resources Alparslan Bayraktar at the signing ceremony on Tuesday. (SPA)
Saudi Arabia and Türkiye signed on Tuesday a Memorandum of Understanding on Cooperation in Electricity Projects.
It was signed by Saudi Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman bin Abdulaziz Al Saud and Turkish Minister of Energy and Natural Resources Alparslan Bayraktar on the sidelines of the Conference of the Parties to the United Nations Framework Convention on Climate Change (COP31) in Antalya. Turkish President Recep Tayyip Erdogan oversaw the signing ceremony.
The MoU builds on the Agreement between the Saudi and Turkish governments on Cooperation in the Field of Renewable Energy, signed on February 3 and that entered into force on October 21.
The Agreement provides for the development of renewable energy projects with a total installed capacity of 5,000 MWe in two phases, to be implemented by ACWA Power, the investor company designated by the Kingdom of Saudi Arabia. The first phase envisages 2,000 MWe, while the second phase envisages an additional 3,000 MWe of renewable energy capacity.
Progress has been achieved in the implementation of the first-phase projects, while efforts towards the realization of the second-phase projects have reached an advanced stage.
The second phase envisages the development of wind power plants, supported by high-voltage direct current (HVDC) transmission infrastructure and battery energy storage systems.
These investments are expected to contribute to strengthening Türkiye’s renewable energy capacity, enhancing grid infrastructure and flexibility, and further deepening the strategic energy and investment partnership between Riyadh and Ankara.
From Saudi Arabia to the Nile Valley: Food Investment Begins at the ‘First Mile’https://english.aawsat.com/business/5339847-saudi-arabia-nile-valley-food-investment-begins-%E2%80%98first-mile%E2%80%99
From Saudi Arabia to the Nile Valley: Food Investment Begins at the ‘First Mile’
A view of an IFAD project in the Middle East.
A crop grown in a small African village may never reach the market where it commands its true value. Between the farmer producing food and the investor seeking opportunities in agricultural supply chains lies a divide shaped by gaps in financing, technology, infrastructure and knowledge.
The International Fund for Agricultural Development (IFAD) wants to close that divide by turning small-scale producers from aid recipients into economic partners. That ambition is driving early discussions on closer cooperation between IFAD and Saudi Arabia, potentially linking agricultural investment to smallholder farmers in Africa and strengthening the role of financing and expertise in food systems.
Naoufel Telahigue, IFAD's regional director for the Near East, North Africa, Europe and Central Asia, said the fund was seeking to deepen ties with Saudi Arabia and explore opportunities in agricultural investment and rural development, with a focus on connecting small-scale producers to markets.
Speaking to Asharq Al-Awsat on the sidelines of Cairo Water Week, Telahigue said discussions remained preliminary, centered on proposals and potential financing mechanisms.
An agreement has been signed with Saudi Arabia's Public Investment Fund (PIF), but no joint projects have been implemented, he said.
Bridging the gap between agreement and execution is where IFAD sees its role: providing technical expertise, strengthening value chains, organizing small-scale producers and connecting them to larger investments and markets.
The push comes as food security, water efficiency and agricultural innovation gain importance, aligning with Saudi Arabia's economic and development priorities.
Naoufel Telahigue, IFAD's regional director for the Near East, North Africa, Europe and Central Asia.
Saudi Arabia: Beyond financing, toward market access
For IFAD, potential cooperation with Saudi Arabia is about more than money. It offers a chance to exchange expertise and build investment models that support rural development.
Telahigue said partnerships with donor countries, including Saudi Arabia, could combine knowledge-sharing, stronger agricultural value chains and tools such as contract farming to connect producers directly with markets.
The approach could give investors more organized, reliable supply chains while helping farmers secure financing, technology and buyers. But the proposed Saudi partnership remains an ambition rather than an operational joint investment program.
Turning it into reality, Telahigue said, would require financing, technical expertise and local institutions capable of organizing production. The objective is to ensure investment benefits reach farmers at the start of the food supply chain, rather than remaining concentrated in processing and trade.
The first mile: Where the real economic challenge begins
IFAD calls the point where small-scale producers operate the "first mile" of food systems. Long before crops reach factories, ports or supermarket shelves, farmers must make decisions that determine whether production will generate a viable income. They need water, seeds, energy and financing. Just as importantly, they need to know what they can sell, who will buy it and at what price.
Telahigue said the sharpest gaps lie at this first mile, where access to financing, technology, infrastructure and markets remains limited.
Closing them is central to IFAD's mission. With 180 member states, the fund operates both as an international financial institution and a specialized United Nations agency. Its goal is not simply to help farmers produce more, but to enable them to build viable, lasting businesses.
If farmers do not benefit financially from farming, it will not be sustainable, Telahigue stressed.
Egypt: Putting water efficiency to the test
Along Egypt's Nile Valley, that approach is taking shape through investment in water management. In Beni Suef and Minya, the Climate-Resilient On-Farm Water Management in the Nile Valley project (CROWN) aims to support about 90,000 rural households and improve water management across 30,000 feddans of farmland.
IFAD is contributing $63 million to the project, while total investment stands at about 153 million euros, according to figures Telahigue cited during the interview.
The project seeks to curb inefficient water use, raise agricultural productivity and incomes, and help farmers adapt to climate change. Work includes rehabilitating irrigation canals and distribution channels, improving water measurement and allocation, and upgrading irrigation systems through technologies including solar power and drip irrigation.
But infrastructure is only part of the equation. The project also aims to strengthen water user associations that will take responsibility for managing and maintaining irrigation systems after funding ends.
Telahigue said inadequate measurement of water consumption remained a challenge in some areas.
Without knowing how much water is being used, improving efficiency becomes harder. That makes investment in reliable data and local governance as important as investment in irrigation networks.
IFAD wants to close that divide by turning small-scale producers from aid recipients into economic partners.
When projects end, what survives?
Another Egyptian initiative offers a test of whether agricultural development can outlast its funding. The Sustainable Agriculture Investments and Livelihoods Project (SAIL), nearing completion after more than a decade, has reached more than 40,000 rural households. It has strengthened 65 water user associations and provided more than 1,000 grants to women launching businesses.
The project has also supported farmer organizations, expanded access to rural financing and helped small-scale producers improve production and diversify their incomes.
But Telahigue said the true measure of success would come after the project ends. What matters is whether communities retain the institutions, skills and capacity to sustain what has been built.
A grant may help a rural woman start a business. Its lasting impact depends on whether that business survives and grows. Similarly, new irrigation infrastructure brings lasting economic value only if water user associations can operate and maintain it without permanent external support.
Egypt's deserts: More than 2,100 livelihood opportunities for women
In Egypt's desert communities, the challenge is not only producing more food but also protecting households against unpredictable conditions.
Through the Promoting Resilience in Desert Environments project (PRIDE), IFAD supports rainwater harvesting and land rehabilitation, with potential to expand innovative solutions such as small-scale desalination. The project has provided women with more than 2,100 livelihood support packages covering activities including livestock production and handicrafts.
The aim is to reduce dependence on a single source of income, so that a poor farming season or declining rainfall does not wipe out a household's livelihood.
Telahigue said countries facing similar climate pressures could benefit from exchanging such experiences.
He said IFAD was working with the Egyptian government to strengthen South-South cooperation, with a grant expected to support knowledge-sharing and the exchange of practical experience.
Sudan: Solar power keeps farms running through war
In Sudan, agricultural resilience faces an even harsher test.
Beyond drought and rising production costs, farmers must contend with war, displacement and economic disruption. Yet communities supported by the Sustainable Natural Resources and Livelihoods Program have continued farming despite the conflict.
Solar-powered irrigation has allowed farmers to cultivate their land as fuel prices climbed and diesel became harder to obtain.
In some project areas, local communities reported taking in internally displaced families seeking places where farming and basic economic activity remained possible.
Investments made before the war in renewable energy, natural resource management and local institutions have helped sustain livelihoods during the conflict.
For Telahigue, the lesson is clear: Resilience must be built before a crisis hits, not only after production collapses.
Yemen: Reclaiming land from destructive floods
In Yemen, seasonal floods have repeatedly stripped farmland of its topsoil, damaged agricultural land and undermined families' ability to produce food.
Through IFAD's Crisis Response Initiative, local communities have invested in soil and water conservation measures, including stone barriers to protect waterways and structures to rehabilitate watersheds. The work has reduced soil erosion, protected farmland and, in some locations, restored land previously lost to flooding.
For farmers, the impact goes beyond repairing environmental damage. It means recovering land that can once again produce food and income. The experience shows why agricultural investment in conflict-affected areas must also protect the natural resources on which local economies depend.
Telahigue said partnerships with donor countries could combine knowledge-sharing, stronger agricultural value chains and tools such as contract farming to connect producers directly with markets.
Sudan: Small savings open the door to credit
Access to formal banking can appear out of reach for smallholder farmers, especially in communities affected by conflict. Yet, closing that gap can begin with something as simple as collective savings.
In Sudan's Blue Nile state, the Livestock Marketing and Resilience Program supported women's savings and credit groups, including Al-Wifaq.
Members pooled their savings, borrowed within the group and then used those savings as collateral to secure financing from microfinance institutions. The arrangement helped women invest in livestock production and small businesses.
Syria: Building finance from the ground up
In Syria, the Integrated Livestock Development Project has expanded community-based financing mechanisms to reach more than 39,500 direct beneficiaries, 54% of them women. The mechanisms provided savings and microcredit services to rural households, particularly those headed by women.
The experiences in Sudan and Syria point to a shared lesson: Bridging the rural financing gap does not always begin with large banks. Sometimes it starts with trust, collective savings and the ability of communities to finance economic activity from within.
A $2 billion portfolio — and a far bigger financing challenge
IFAD's active portfolio across Telahigue’s region stands at about $2 billion, split roughly equally between the fund's own resources and co-financing.
Each dollar mobilized through donor contributions helps attract about six dollars in investment, he said. Yet the scale of demand, particularly for water infrastructure, still far exceeds available funding.
Asked how IFAD would spend an additional $1 billion, Telahigue said the largest share would likely go to infrastructure, with some directed toward credit lines to help producers expand their businesses and create jobs.
The precise priorities, however, would depend on individual governments' needs, whether water security, employment, productivity or food security.
Telahigue also stressed the role of public investment in attracting private capital. Investors are unlikely to enter areas without roads or reliable water supplies.
More crops, fewer resources: Can agriculture deliver both?
As climate pressures mount, increasing agricultural output is no longer enough to define success.
"If I increase production while depleting freshwater resources, what will I leave for the next generation?" Telahigue asked.
He called for agricultural systems capable of producing more with fewer resources, using efficient irrigation, drought- and salt-tolerant crops, and closer integration between crop and livestock production.
Artificial intelligence and early warning systems could also help predict crop risks and improve resource management, he said.
But technology cannot solve the problem alone. If small-scale producers cannot secure financing or reach markets, gains in productivity may not translate into sustainable livelihoods. That makes investment in knowledge, training and local organization just as important.
IFAD calls the point where small-scale producers operate the "first mile" of food systems.
The final test: What remains after the money runs out?
As IFAD advances its 14th replenishment cycle, its priorities include stronger resilience to shocks, more jobs for young people and women, better market access, innovation and greater private-sector involvement.
From early discussions with Saudi Arabia to water management in Egypt, women's financing initiatives in Sudan and Syria, and farmland restoration in Yemen, the same question runs through IFAD's work. What happens after the investment is made?
Success is not simply a matter of delivering funding to rural communities. It depends on whether farmers can continue financing their businesses, local institutions can manage their resources, producers can reach markets and families can withstand the next crisis without losing their incomes.
Business as usual is no longer an option, Telahigue said.
In a region facing mounting pressures from water scarcity, food insecurity, energy challenges and conflict, the defining economic question is no longer how much food can be produced today. It is whether the communities that produce it can survive — and continue producing — tomorrow.
Saudi Arabia, US Sign MoU on Strengthening Trade, Investment Cooperationhttps://english.aawsat.com/business/5339781-saudi-arabia-us-sign-mou-strengthening-trade-investment-cooperation
The agreement was signed during a session on Saudi-US innovation and economic cooperation on the sidelines of the B20 Summit in Washington, DC. (SPA)
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Saudi Arabia, US Sign MoU on Strengthening Trade, Investment Cooperation
The agreement was signed during a session on Saudi-US innovation and economic cooperation on the sidelines of the B20 Summit in Washington, DC. (SPA)
The Federation of Saudi Chambers of Commerce and the US Chamber of Commerce signed on Tuesday a memorandum of understanding aimed at strengthening trade and investment cooperation and expanding opportunities for collaboration between the business sectors between their countries.
The signing took place on the sidelines of the B20 Summit in Washington, DC.
The agreement was signed during a session on Saudi-US innovation and economic cooperation, organized by the US Chamber of Commerce, with the participation of Deputy Chief of Mission at the Saudi Embassy in the United States Nawaf Alissa, Secretary-General of the Federation of Saudi Chambers of Commerce Sultan Al-Musallam, and several US Chamber of Commerce officials and representatives of companies and the business sector.
Alissa highlighted the depth of economic relations between Saudi Arabia and the US.
The partnership has continued to evolve, expanding from traditional sectors into new fields, including artificial intelligence, digital technologies, advanced manufacturing, and infrastructure, amid the economic transformation underway in the Kingdom under Saudi Vision 2030, he remarked.
He noted that the total value of investment activities by the Public Investment Fund in the United States has reached approximately $170 billion since 2017, stressing the importance of sustaining the investment partnership between the two countries and strengthening cooperation in future economic sectors.
The event coincides with the B20 Summit, being held in Washington from November 9 to 11, with the participation of business leaders and international economic institutions to discuss priorities related to economic growth, trade, investment, and innovation.
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