Latest news with #AbdulrahmanAlFadley
Arab News
28-05-2025
- Business
- Arab News
Founding nations sign Global Water Organization charter in Riyadh
RIYADH: The Global Water Organization officially launched operations from its headquarters in Riyadh on Wednesday, with founding member states signing the organization's charter. The ceremony was attended by Saudi Foreign Minister Prince Faisal bin Farhan, who highlighted the importance of the GWO in tackling water issues worldwide through a holistic approach, the Saudi Press Agency reported. 'The launch of the Global Water Organization affirms Saudi Arabia's commitment to strengthening international initiatives and addressing global challenges through partnerships based on cooperation between countries and governments,' Prince Faisal said. 'The Kingdom looks forward to the organization becoming an international platform that drives sustainable solutions and supports developing nations in enhancing their water capabilities,' he said. Prince Faisal said that Saudi Arabia would provide financial and logistical support to the GWO for the next five years, emphasizing that collective action was essential to achieving shared objectives. Prince Faisal invited all countries and private-sector entities to join the organization. Minister of Environment, Water and Agriculture Abdulrahman Al-Fadley took part in the ceremony and emphasized that the signing of the Global Water Organization's charter and the launch of its operations from Riyadh reinforced shared international responsibility to preserve water resources. Al-Fadley added that the importance of the organization stemmed from water being not just a resource, but a source of economic and social development and stability worldwide. He described the organization as 'not just a platform that brings countries together, but a collective global mind working to develop and integrate the efforts of countries and organizations to address water challenges comprehensively.' 'The Global Water Organization will lead international efforts to address water-related challenges and transform traditional water management approaches. These challenges go beyond water scarcity to ensure its availability at the right time and place and recognize its impact on the economy, public health, food security and supply chains, especially in the face of climate change,' he said. He emphasized the importance of having an integrated system that covered all stages of the water cycle, adopting innovative economic models based on cost-benefit analysis, introducing new financing mechanisms, reducing reliance on government subsidies, and actively involving the private sector. The GWO's charter was signed by representatives from founding countries: Saudi Arabia, Kuwait, Qatar, Spain, Senegal, Pakistan, Greece and Mauritania. The organization aims to strengthen the efforts of countries and organizations to address water challenges.
Asharq Al-Awsat
21-05-2025
- Business
- Asharq Al-Awsat
Saudi Arabia, China to Cooperate on Parks, Reforestation and Anti-Desertification
A recent Saudi delegation's visit to China marked a significant step toward deepening environmental cooperation between the two countries, with a focus on reforestation technologies and combating desertification, said Khaled Alabdulkader, CEO of the National Center for Vegetation Cover Development and Combating Desertification (NCVC). Alabdulkader said the visit, led by Environment, Water and Agriculture Minister Abdulrahman Al-Fadley, included high-level meetings and site visits to explore China's pioneering experiences in land reclamation and vegetation cover development. In remarks to Asharq Al-Awsat, Alabdulkader described the trip as 'rich and beneficial,' revealing that a memorandum of understanding was signed between the NCVC and China's Gansu Desert Control Research Institute. The agreement follows a Saudi Cabinet resolution passed in December 2023 authorizing the minister to negotiate and sign the MoU to strengthen cooperation in combating desertification. The Saudi delegation met with executives from major Chinese firms to discuss launching joint investment projects in Saudi Arabia, including initiatives in natural resource management, rangeland rehabilitation, and the development of desert parks and eco-resorts, said Alabdulkader. The discussions also explored transferring tree-planting technologies and desertification control methods as part of the Kingdom's broader push to promote green economic growth and sustainability, he added. 'We aim to localize these technologies to help achieve our environmental goals and enhance sustainability in Saudi Arabia,' Alabdulkader said, expressing hope for expanded collaboration and further agreements building on the outcomes of the visit. Talks also covered advanced techniques in mangrove cultivation, which are critical for coastal protection and boosting vegetation, as well as environmental protection innovations and the economic potential of invasive plants, including converting them into eco-friendly products. Additionally, Alabdulkader held discussions with a Chinese environmental design company to explore cooperation on national park and wetland development in Saudi Arabia. The visit, reported by the Saudi Press Agency (SPA), aimed to strengthen the strategic partnership between Saudi Arabia and China in the sectors of environment, water, and agriculture. The visit also sought to open new export channels for Saudi products to the Chinese market and facilitate the introduction of more than 20 new food products from Saudi Arabia. As part of the official visit, the Saudi delegation participated in the Saudi-Chinese Forum for Exporting Saudi Products and Agricultural Sustainability. The forum concluded with the signing of 57 agreements and MoUs between 36 Saudi and Chinese entities, with investments exceeding SAR 14 billion ($3.7 billion). These included 26 export agreements and 14 MoUs between the National Center for Palms and Dates and various Chinese companies and government agencies, aiming to boost global visibility and exports of Saudi dates and date-based products.
Argaam
24-03-2025
- Business
- Argaam
NADEC's subsidiary signs financing agreement with ADF for up to SAR 1.1B
National Agricultural Development Co. (NADEC) said that its subsidiary, AlRai National for Livestock (a limited liability company, 51% owned by Nadec), signed a financing agreement with the Agricultural Development Fund (ADF) to fund the establishment of a project focused on intensive livestock breeding (sheep and goats), reproduction, and meat production, with a ceiling of up to SAR 1.1 billion. The financing amount will be disbursed in stages based on the project's progress and the submission of required documents. According to a statement to Tadawul, the 15-years agreement was signed on March 23, with three years grace period. The company clarified that the partners provided guarantees in proportion to their shares in the company, with Nadec offering one of its lands in Wadi Al-Dawasir as collateral, in addition to providing corporate guarantees from the partners in accordance with the approved format by the Agricultural Development Fund. The agreement was signed under the sponsorship of the Minister of Environment, Water and Agriculture (MEWA) Abdulrahman AlFadley, the statement noted, adding that the project aims to enhance local red meat production by developing integrated facilities for breeding (sheep and goats), contributing to increased domestic production. This project is part of NADEC's strategy to strengthen food security within the framework of Saudi Arabia's Vision 2030.
