MENA Climate Week Kicks off in Riyadh

Saudi Minister of Energy Prince Abdulaziz bin Salman (Saudi and Green Middle East Initiative)
Saudi Minister of Energy Prince Abdulaziz bin Salman (Saudi and Green Middle East Initiative)
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MENA Climate Week Kicks off in Riyadh

Saudi Minister of Energy Prince Abdulaziz bin Salman (Saudi and Green Middle East Initiative)
Saudi Minister of Energy Prince Abdulaziz bin Salman (Saudi and Green Middle East Initiative)

The second-ever Middle East and North Africa (MENA) Climate Week kicked off Sunday in Riyadh in cooperation with the United Nations Framework Convention on Climate Change (UNFCCC) secretariat.

Saudi Minister of Energy Prince Abdulaziz bin Salman inaugurated the event in the presence of several global officials, policymakers, private sector firms, youth campaigners, and other key stakeholders in the climate change and sustainability sphere.

Prince Abdulaziz asserted the need to work hard and ensure the success of the UN Climate Change Conference (COP28) in Dubai next November, announcing that the second day of the event will witness the unveiling of a credible, transparent, and adaptable domestic market mechanism.

The Minister also declared that Saudi Arabia will soon have the first hydrogen-powered train in the Middle East.

The Saudi government will host the event between October 8 and 12 in the Boulevard Riyadh City to shed light on challenges and solutions in a region that is among the most vulnerable to the effects of climate change.

Participants in Riyadh will speak about the challenges and opportunities for climate action and support in the MENA region, which will help inform the global stocktake and accelerate the implementation of the Paris Agreement.

Saudi Arabia is one of the most active countries on climate change, making it a new green giant with an influential and clear role in confronting this global battle.

The Kingdom launched several initiatives, plans, and programs towards achieving zero neutrality by 2060.

The event aims to enhance joint action towards adopting sustainable and integrated climate solutions, accomplish the collective mission of confronting climate challenges, and achieve the Paris Agreement's goals.

The event will include three ministerial sessions and a regional dialogue on climate change. The first session will address enhancing comprehensive participation and the circular carbon economy to achieve fair and equitable energy transitions.

The second session will discuss comprehensive financial and economic diversification towards achieving the goals of the Paris Climate Agreement.

The third session will discuss efforts to keep the global temperature rise below 1.5 degrees.

The event will also witness a GCC Roundtable Meeting of ministers concerned and an Arab League Roundtable, which will discuss expectations of COP28.

The activities of the rest of the week will witness the launch of the four tracks of dialogue in this regard, in a joint effort between the Saudi Energy Ministry, the Secretariat of the UNFCCC, and the UN Climate Change Pioneers.

The tracks are: the energy systems and industry; the cities, urban and rural settlements, infrastructure, and transport; land, ocean, food, and water; and societies, health, livelihoods, and economies.

The week's program will include many climate activities, meetings, and accompanying exhibitions that discuss issues of the environment, climate, and sustainability, and various programs and events that add cultural and social dimensions to the week's activities.

Notably, the event aims to discuss issues, challenges, and opportunities related to climate change and express opinions on them, to be addressed at COP28.

MENA Climate Week is the second of four Regional Climate Weeks in 2023.

UN Climate Change organizes it with global partners UN Development Program, UN Environment Program, and the World Bank Group. Partners based in MENA include the International Renewable Energy Agency, the Islamic Development Bank, the League of Arab States Secretariat, and the UN Economic and Social Commission for Western Asia.

Saudi Arabia intensified efforts to combat climate change, notably in 2021 when Crown Prince Mohammed bin Salman announced the goal of achieving net-zero emissions through a circular carbon economy approach aligned with developmental plans and economic diversification.

The Crown Prince stressed that this approach aligns with a "moving baseline" and preserves the Kingdom's leadership role in enhancing the stability and security of global energy markets while leveraging mature technologies for emissions management and reduction.



Saudi Minister of Industry Stresses Kingdom’s Commitment to Expanding Partnerships with Russia

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef speaks at Monday's event. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef speaks at Monday's event. (SPA)
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Saudi Minister of Industry Stresses Kingdom’s Commitment to Expanding Partnerships with Russia

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef speaks at Monday's event. (SPA)
Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef speaks at Monday's event. (SPA)

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef stressed on Monday the Kingdom’s commitment to deepening its industrial and investment partnerships with Russia and leveraging joint opportunities across several priority sectors to achieve the mutual interests of both countries.

He made his remarks during the keynote speech at the International Industrial Exhibition “INNOPROM. Saudi Arabia,” underway in Riyadh and continuing until February 10. The event is witnessing wide participation from leaders in the public and private sectors, as well as major industrial companies from the Kingdom, Russia, and several other countries.

Alkhorayef said that Riyadh’s hosting of INNOPROM reflects the mutual interest between Saudi Arabia and Russia in boosting industrial and investment cooperation, building on historical relations spanning over a century.

This helps in expanding strategic industrial partnerships and stimulating targeted investments between the two countries, the minister added.

Riyadh’s hosting of the exhibition shortly after the Kingdom’s participation as a partner country in its previous edition in Russia underscores both countries’ commitment to deepening bilateral relations and developing cooperation in priority sectors, particularly industry, logistics, and supply chains, he went on to say.

Moreover, the minister underlined the Saudi and Russian governments' commitment to establish a strong cooperative foundation that provides a stable and secure investment environment for long-term investors.

Alkhorayef addressed the mining and minerals sector, noting that the Kingdom views Russia’s advanced experience in this field as a model to benefit from.

Promising opportunities exist in Saudi Arabia for Russian companies specializing in mining and mine services to participate in developing the vital sector, which constitutes the third pillar of the national industry under Saudi Vision 2030, he remarked.

The Kingdom also possesses an integrated system to support industrial projects, including advanced industrial cities, modern infrastructure, industrial financing, and training and qualification programs, alongside policies that support localization and knowledge transfer, all contributing to enabling high-value industrial investments and bolstering their sustainability, he noted.

INNOPROM is one of the leading international industrial exhibitions, organized annually for more than 15 years in Russia, attracting major industrial companies.

The current edition in Riyadh features broad Saudi and Russian participation, along with a business program that includes dialogue sessions and bilateral meetings aimed at building strategic partnerships that support the economic development objectives of both countries.


Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
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Egypt Plans $1 Billion Red Sea Marina, Hotel Development

This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)
This picture shows a partial view of Egypt's Red Sea city of Sharm el-Sheikh, October 7, 2025. (AFP)

Egypt announced plans on Monday for a new $1 billion marina, hotel and housing development on the Red Sea in a bid to boost the region's tourist industry.

Construction on the "Monte Galala Towers and Marina" project would ‌start in ‌the second ‌half ⁠of the ‌year and run for seven years, Ahmed Shalaby, managing director of the main developer, Tatweer Misr, said.

The 10-tower development - a partnership with the ⁠housing ministry and other state bodies ‌including the armed ‍forces' engineering authority - ‍would cost about 50 ‍billion Egyptian pounds ($1.07 billion), he added.

The project, also announced by the cabinet, will cover 470,000 square meters on the Gulf of Suez, about ⁠35 km south of Ain Sokhna, Shalaby said.

Egypt aims to boost total tourist arrivals to around 30 million by 2030, from around 19 million recorded by the tourism ministry in 2025.


Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
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Saudi-Polish Investment Forum Explores Prospects for Economic and Investment Cooperation

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA
The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation - SPA

The Saudi-Polish Investment Forum was held today at the headquarters of the Federation of Saudi Chambers in Riyadh, with the participation of Minister of Investment Khalid Al-Falih, Minister of Finance of the Republic of Poland Andrzej Domański, and Vice President of the Federation of Saudi Chambers Emad Al-Fakhri.

The forum brought together government officials, business leaders, and investors from both countries with the aim of enhancing economic cooperation, expanding investment partnerships in priority sectors, and exploring high-quality investment opportunities that support sustainable growth in Saudi Arabia and Poland.

During a dedicated session, the forum reviewed economic and investment prospects in both countries through presentations highlighting promising opportunities, investment enablers, and supportive legislative environments.

Several specialized roundtables addressed strategic themes, including the development of the digital economy, with a focus on information and communication technologies (ICT), financial technologies (fintech), and artificial intelligence-driven innovation, SPA reported.

Discussions also covered the development of agricultural value chains from production to market access through advanced technologies, food processing, and agricultural machinery. In addition, participants examined ways to enhance the construction sector by developing systems and materials, improving execution efficiency, and accelerating delivery timelines. Energy security issues and the role of industrial sectors in supporting economic transformation and sustainability were also discussed.

The forum witnessed the announcement of two major investment agreements. The first aims to establish a framework for joint cooperation in supporting investment, exchanging information and expertise, and organizing joint business events to strengthen institutional partnerships.

The second agreement focuses on supporting reciprocal investments through the development of financing and insurance tools and the stimulation of joint ventures to boost investment flows.

The forum concluded by emphasizing the importance of continued coordination and dialogue between the public and private sectors in both countries to deepen Saudi-Polish economic relations and advance shared interests.