COP16 Riyadh Gathers Policymakers to Combat Desertification, Restore Land

Saudi Arabia’s Environment Minister Abdulrahman Al-Fadli assumes the Kingdom’s presidency of COP16 in Riyadh. (Asharq Al-Awsat)
Saudi Arabia’s Environment Minister Abdulrahman Al-Fadli assumes the Kingdom’s presidency of COP16 in Riyadh. (Asharq Al-Awsat)
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COP16 Riyadh Gathers Policymakers to Combat Desertification, Restore Land

Saudi Arabia’s Environment Minister Abdulrahman Al-Fadli assumes the Kingdom’s presidency of COP16 in Riyadh. (Asharq Al-Awsat)
Saudi Arabia’s Environment Minister Abdulrahman Al-Fadli assumes the Kingdom’s presidency of COP16 in Riyadh. (Asharq Al-Awsat)

Policymakers, international organizations, companies, NGOs and key stakeholders gathered in Riyadh on Monday to address global challenges like land degradation, drought, and desertification at the 16th United Nations Convention to Combat Desertification (COP16).

Saudi Arabia was elected president of COP16 during the opening session, beginning a two-year term to lead efforts in land restoration and fighting desertification.

The COP16 summit in Riyadh came as an opportunity to highlight the vital link between land, oceans, and climate, noting that 75% of freshwater comes from cultivated land, while plants protect 80% of global soil.

Saudi Arabia’s Environment Minister Abdulrahman Al-Fadli said hosting the event reflects the Kingdom’s commitment to environmental efforts. He warned that over 100 million hectares of land degrade each year, affecting 3 billion people and costing the global economy more than $6 trillion annually.

Environmental challenges

Saudi Arabia is ramping up efforts under the United Nations Convention to Combat Desertification to address major environmental challenges and strengthen synergies with other global agreements, including the Rio Conventions on climate change and biodiversity, Al-Fadli stressed.

He highlighted that the Middle East is one of the regions most affected by land degradation, drought, and desertification. Saudi Arabia, he said, is working closely with international partners to tackle these issues.

To achieve its goals, the government has adopted a National Environmental Strategy, created a dedicated fund and five specialized centers, updated regulations to align with global standards, and launched initiatives to curb pollution, boost vegetation cover and improve waste management and climate research.

The minister also pointed to the Saudi Green Initiative, which aims to rehabilitate 40 million hectares of degraded land and expand protected areas to cover 30% of the Kingdom by 2030. This ambitious target was announced in 2021, more than a year before the global goal was set in Montreal in late 2022.

Renewable energy

Saudi Arabia is also working to generate 50% of its energy from renewable sources by 2030 and cut carbon dioxide emissions, Al-Fadli said. The Kingdom has adopted a National Water Strategy to preserve resources and launched recycling projects to promote sustainability.

Al-Fadli noted that Saudi Arabia has also introduced a National Agricultural Strategy to improve production efficiency and sustainably manage farmland, along with a National Food Security Strategy aimed at reducing food loss and waste.

He warned that biodiversity loss and the worsening effects of climate change threaten basic life necessities such as air, water, and food, impacting over 1.8 billion people globally and driving higher migration rates. He emphasized the need for unified international efforts to confront these global challenges.

He added that the UN Convention to Combat Desertification provides a framework for collective action and global collaboration.

Saudi Arabia, he said, is committed to restoring degraded land, expanding green spaces and fostering innovation for sustainable solutions.

The Kingdom also aims to strengthen partnerships among governments, the private sector, local communities, and NGOs, while adopting binding tools to bolster international cooperation.

Moreover, Saudi Arabia unveiled three major initiatives at COP16 to address drought, backed by over $150 million to boost global preparedness.

The Kingdom also introduced an observatory and an atlas, aiming to improve monitoring, prevention, and awareness of drought worldwide.

A UN report released ahead of the summit highlighted the growing crisis of land degradation, linking unsustainable farming to 80% of deforestation, 70% of freshwater use, and nearly a quarter of greenhouse gas emissions. It also classified 46% of global land as dry, stressing the need for urgent action.



Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
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Saudia Signs Strategic Partnership Agreement with Six Flags and Aquarabia Qiddiya City

udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA
udia will develop special travel packages designed to enable visitors to experience world-class attractions - SPA

Saudia Airlines has signed a five-year strategic partnership with Six Flags and Aquarabia Qiddiya City, becoming the official premier partner exclusively in the airline category.

As part of the partnership, Saudia will develop special travel packages designed to enable visitors to experience world-class attractions. The collaboration also brings the spirit of Six Flags and Aquarabia Qiddiya City to the skies through special aircraft branding across Saudia’s fleet, SPA reported. 

Chief Marketing Officer of Saudia Group Khaled Tash said in a press release: "Saudia is committed to supporting national development projects as part of its contribution to Vision 2030, aligned with our strategy to bring the world to the Kingdom. Partnerships of this scale with national partners play a key role in positioning Saudi Arabia as a leading global destination for entertainment and tourism."

Park President of Six Flags and Aquarabia Qiddiya City Brian Machamer added: "Our partnership with Saudia not only reflects a shared ambition to connect the Kingdom to the world through world-class entertainment experiences, but strengthens our ability to attract visitors from around the world and realize our vision of setting a new global benchmark for immersive, world-class theme park entertainment and reinforcing Saudi Arabia’s growing presence on the global tourism stage."

Six Flags Qiddiya City sets a new benchmark for exceptional entertainment regionally and globally. Spanning six iconic themed lands, the theme park takes visitors on an immersive journey across 28 rides and attractions designed to world-class standards. Beyond the scale and diversity of its offerings, Six Flags Qiddiya City stands out for pushing the boundaries of engineering and entertainment, featuring five exclusive, record-breaking rides that have redefined global benchmarks. Leading these innovations is Falcons Flight, the roller coaster that has captured global attention as the fastest, tallest, and longest in the world.

Aquarabia Qiddiya City delivers a distinctive aquatic entertainment experience, offering 22 rides and water attractions, along with a man-made river designed for both relaxation and family-friendly water fun. For guests seeking privacy and elevated comfort, Aquarabia features 91 luxury cabanas, positioning the destination as a fully integrated leisure offering that redefines water-based entertainment to the highest international standards.

Located in the Tuwaiq Mountains near Riyadh, Qiddiya City is an emerging destination bringing together entertainment, sports, and culture. Six Flags and Aquarabia Qiddiya City form part of its entertainment offering.


Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
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Moody’s Establishes Regional HQ in Riyadh, Deepening Presence in Region

(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)
(FILES) Signage for Moody's Corporation is displayed at their headquarters at 7 World Trade Center on March 18, 2025 in New York City. (Photo by ANGELA WEISS / AFP)

Moody’s Corporation announced that it has established its regional headquarters in Riyadh, reflecting ongoing commitment to support the development of the Kingdom’s capital markets and economy.

“This investment aligns to the Kingdom's Vision 2030 initiative and underscores its dynamism and growth,” Moody’s said in a statement this week.

The new regional headquarters marks an expansion of Moody’s presence in Saudi Arabia, where the company first opened an office in 2018, and reflects its longstanding commitment to the Middle East.

“The headquarters will strengthen Moody’s engagement with Saudi institutions and enable broader access to Moody’s decision grade data, analytics and insights,” said the statement.

“Our decision to establish a regional headquarters in Riyadh reflects our confidence in Saudi Arabia’s strong economic momentum, as well as our commitment to helping domestic and international investors unlock opportunities with our expertise and insights,” said President and Chief Executive Officer of Moody’s Rob Fauber.

“We are well positioned to provide the analytical capabilities and market intelligence that investors and institutions need to navigate evolving markets across the Middle East,” the statement quoted him as saying.

Mahmoud Totonji will lead the regional headquarters as General Manager.


Saudi Arabia Launches First Endowment Fund for Environmental, Water and Agricultural Sustainability

The launch of the Namaa Endowment Fund (Asharq Al-Awsat)
The launch of the Namaa Endowment Fund (Asharq Al-Awsat)
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Saudi Arabia Launches First Endowment Fund for Environmental, Water and Agricultural Sustainability

The launch of the Namaa Endowment Fund (Asharq Al-Awsat)
The launch of the Namaa Endowment Fund (Asharq Al-Awsat)

Saudi Arabia has launched its first endowment fund dedicated to advancing environmental, water and agricultural sustainability, reinforcing efforts to strengthen the Kingdom’s non-profit sector and long-term development.

Minister of Environment, Water and Agriculture Eng. Abdulrahman Al-Fadhli on Tuesday inaugurated the Namaa Endowment Fund at the ministry’s headquarters, in the presence of senior officials and stakeholders.

The fund is designed to support economic and social development goals, address community needs, increase the non-profit sector’s contribution to GDP, and promote sustainable management of environmental, water and agricultural resources.

Al-Fadhli said the fund represents a new model of institutional endowment work and a practical mechanism to expand developmental impact while ensuring the sustainability of non-profit initiatives.

Developed in partnership with the General Authority for Awqaf, the fund aims to build assets commensurate with its ambitions, enabling higher returns and a wider impact over the long term.

It will pursue carefully structured investments that balance financial performance with developmental outcomes, with the potential to own or benefit from real estate assets that can be used by non-profit organizations.

Encouraging Private-Sector Participation

Al-Fadhli added that the ministry, in cooperation with the General Authority for Awqaf, the Capital Market Authority and AlAhli Capital, will support the fund and encourage contributions from the private sector, business leaders and the wider public.

Contributions will be made through a licensed digital platform under strict financial governance. He called on all segments of society to contribute in support of sustainable development across the environment, water and agriculture sectors.

Namaa will finance endowment initiatives within the ministry’s ecosystem, including the non-profit institutions Reef, Morooj and Saqaya. Its focus areas include water provision and conservation, afforestation, biodiversity protection, vegetation cover, the circular economy, sustainable agriculture and irrigation, and reducing food loss and waste.

Emad Alkharashi, Governor of the General Authority for Awqaf, announced an initial contribution of SAR100 million, describing it as a foundation for a sustainable endowment model.

He said the fund combines the legacy of endowments with modern investment practices to protect natural resources, strengthen food security and ensure lasting developmental impact.

Alkharashi added that the partnership with the ministry maximizes results and positions the fund as a model for directing endowments toward high-impact, long-term priorities through a transparent, well-governed institutional framework.