Latest news with #FutureofSustainabilityInitiative
Leaders
16-05-2025
- Business
- Leaders
Saudi Arabia to Host Fashion, Textile Exhibition in Jeddah
Jeddah is set to host the third edition of the Saudi Fashion and Textile Exhibition from September 25 to 28, according to Arab News. Pyramids Group has recently held a press conference at the theater hall of the Jeddah Exhibition and Convention Center to reveal more details about the upcoming edition. The conference brought together prominent figures, media leaders, fashion designers, influencers, and businessmen. A Turning Point Promisingly, the third edition will serve as a turning point in Saudi Arabia's fashion industry and strengthen the Kingdom's position as a prestigious global hub for creativity and fashion. 'The Saudi Fashion and Textile Exhibition is the gateway to the future of fashion in the Middle East, where the world meets Saudi Arabia. We expect to attract over 18,000 specialized visitors, including wholesalers, fashion designers, retailers, and investors in the industry,' Mohammed Al-Sherif, CEO of Pyramids Group for International Exhibitions and Conferences, said. In line with Saudi Vision 2030, the event plays a pivotal role in advancing the creative industries and capturing global brands to the Saudi market. Wide Participation In this regard, Al-Sherif emphasized the participation of more than 550 exhibitors from 25 countries, such as Saudi Arabia, Turkey, Egypt, Italy, the USA, Japan, India, the UAE, and others. 'The fashion and textile market in the Kingdom has witnessed significant growth in recent years. Saudi Arabia is emerging as one of the most dynamic and promising markets in the world, driven by Vision 2030, a young population, booming retail sector, and a strong push for creativity and sustainability,' Al-Sherif added. Showcases and Competitions Through an exceptional blend between tradition and innovation, the exhibition will feature latest collections from both global and local designers, offering an extraordinary showcase that combines elegance, modernity, and cultural diversity. Furthermore, the event will also boast an exclusive fashion design competition. Therefore, it will provide local talents with a valuable platform to showcase their works on a global stage and engage with international buyers and media. Related Topics: Riyadh to Host Global Fashion Institute to Boost Saudi Talent Future of Sustainability Initiative: Saudi Arabia Promotes Fashion Recycling Saudi Fashion Pioneers Honored at Kering Awards for Sustainability Short link : Post Views: 5
Leaders
05-03-2025
- Business
- Leaders
Saudi Arabia's Non-Profit Sector Tops SAR 100 Billion Impact
Saudi Arabia's non-profit sector has contributed over SAR 100 billion to the national economy, making up 3.3% of the Kingdom's gross domestic product (GDP), according to the Prospects for the Non-Profit Sector 2025 report by the King Khalid Foundation. GASTAT The report highlights key economic contributions within the sector: Awqaf accounted for SAR 48 billion, as per the General Authority for Awqaf, while non-profit organizations contributed SAR 47 billion in spending, based on data from the General Authority for Statistics (GASTAT). Additionally, volunteering generated an estimated SAR 5 billion in economic value, and cooperative societies added SAR 2 billion, according to the Ministry of Human Resources and Social Development. The sector's rapid growth is positioning it to achieve the Vision 2030 goal of reaching 5% of GDP two years ahead of schedule. Education and research organizations led revenue generation, surpassing SAR 19 billion, while health-related organizations recorded the highest spending at SAR 15 billion—largely driven by the transformation of government assets in health and education into non-profit entities. Meanwhile, organizations focused on culture, entertainment, and social services reported the highest employment rates. Ehsan The report also examined funding sources, emphasizing the impact of government support and digital donation platforms, which collectively raised over SAR 15 billion in 2024. The National Platform for Charitable Work (Ehsan) saw significant contributions from small donors (SAR 1, SAR 10, and SAR 100), while major philanthropists (donating SAR 100,000 or more) accounted for 26% of total contributions. Community engagement in the non-profit sector remained strong, with 23% of Saudi citizens participating in volunteer work and 47% making donations in 2024. The full report is available for download on the King Khalid Foundation's official website: Related Topics : Saudi Non-Profit Sector Revenue Surges to $14.5 Billion in 2023 Future of Sustainability Initiative: Saudi Arabia Promotes Fashion Recycling Saudi Arabia Shines at ITB Berlin with Immersive 'Saudi Land' Showcase Saudi Arabia to Launch NextGen Investment Forum to Cultivate Future Hospitality Leaders Short link : Post Views: 1
Leaders
04-03-2025
- Business
- Leaders
SAMA Grants License to Tamara Finance for Consumer Finance, BNPL Services
The Saudi Central Bank (SAMA) has granted a license to Tamara Finance, allowing the company to offer consumer finance and buy-now-pay-later (BNPL) services. This approval raises the total number of finance companies licensed and authorized by SAMA to 65. In an official statement released today, SAMA reaffirmed its commitment to strengthening the financial sector, enhancing the efficiency of financial transactions, and fostering innovation to promote financial inclusion across Saudi Arabia. SAMA also stressed the importance of engaging only with licensed financial institutions. A complete list of authorized entities is available on SAMA's official website. Related Topics : Saudi Banks Face WhatsApp Ban: SAMA Orders Secure Channels SAMA Licenses Two Fintech Firms, Boosting Saudi Arabia's Digital Economy Saudi Arabia Partners with US Firm to Launch 'Flying Cars' Future of Sustainability Initiative: Saudi Arabia Promotes Fashion Recycling Short link : Post Views: 1 Related Stories
Leaders
03-03-2025
- Business
- Leaders
Future of Sustainability Initiative: Saudi Arabia Promotes Fashion Recycling
The Saudi Fashion Commission has launched the Future of Sustainability Initiative, a key project that aims to raise consumer's awareness about fashion recycling, reported the Saudi Press Agency (SPA). The Future of Sustainability Initiative is a sustainable program that aims to promote fashion recycling in retail spaces across Saudi Arabia. The initiative involves deploying recycling bins in shopping malls to encourage the public and private sectors to take part in fashion recycling practices. The initiative also underscores the Fashion Commission's commitment to the sustainability pillar. It aims to promote sustainable practices in the fashion industry and to raise consumer's awareness. Furthermore, the Future of Sustainability Initiative aims to develop a circular textile recycling system and increase public awareness of the importance of fashion recycling. In February 2025, the Saudi Fashion Commission launched the Sustainable Ihram Initiative, a pioneering program that aims to transform previously used Ihram garments into new, sustainable Ihrams through a circular textile recycling system. These initiatives align with the environmental goals of Saudi Vision 2030 and mark a major stride towards a more sustainable fashion ecosystem in the Kingdom. Short link : Post Views: 23 Related Stories
Asharq Al-Awsat
03-03-2025
- Business
- Asharq Al-Awsat
Saudi Fashion Commission Launches Initiative to Promote Fashion Recycling
The Saudi Fashion Commission has launched the Future of Sustainability Initiative, a groundbreaking project designed to promote fashion recycling across retail spaces in Saudi Arabia. The initiative aims to foster behavioral change in clothing recycling through the strategic placement of recycling bins in prominent malls, encouraging both the public and private sectors to adopt responsible fashion recycling practices. It embodies the values of the Fashion Commission's sustainability pillar, focusing on promoting sustainable practices within the fashion industry and enhancing consumer awareness. By supporting the development of a circular textile recycling system, the Future of Sustainability Initiative seeks to increase public consciousness around the importance of fashion recycling, thereby advancing the sustainability agenda in the Kingdom.
