Davos 2025 concludes with regular WEF meeting in Riyadh announced starting spring 2026

Alibrahim said the decision was based on the success of the forum held for the first time last year. (AFP)
Alibrahim said the decision was based on the success of the forum held for the first time last year. (AFP)
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Davos 2025 concludes with regular WEF meeting in Riyadh announced starting spring 2026

Davos 2025 concludes with regular WEF meeting in Riyadh announced starting spring 2026
  • Saudi Arabia hosted its first two-day WEF special meeting in late April last year,

DAVOS: As the World Economic Forum’s Annual Meeting came to a close, the announcement of a new, regular meeting in Saudi Arabia from spring 2026 ushered in applause from a full congress hall.

Building on the success of the WEF Special Meeting in April last year, “Saudi Arabia and the World Economic Forum are happy to announce that we will host a regular World Economic Forum global meeting in the Kingdom,” said the country’s Minister of Economy and Planning Faisal Alibrahim in Davos on Friday.

“This is a testament to the global platform for dialogue, collaboration and innovation that Saudi Arabia has become and the World Economic Forum continued to be,” he added. “This meeting continues to be an opportunity to further unite the world in capturing the immense potential that lies ahead.”

Saudi Arabia hosted its first two-day WEF special meeting in late April last year, which focused on global collaboration, growth and energy.

Responding to US President Donald Trump’s comments yesterday asking Saudi Crown Prince Mohammed Bin Salman to increase the Kingdom’s investments from $600 billion to $1 trillion, Alibrahim said this figure would also include procurement from the public and private sectors.

“What we’ll spend in the economy from the start of Vision 2030 to 2030 is 12 times that number,” Alibrahim said.

Alongside Alibrahim on the final panel of the conference were Singapore’s president, International Monetary Fund Managing Director Kristalina Georgieva, European Central Bank President Christine Lagarde, and BlackRock CEO Larry Fink.

“There is too much pessimism around Europe, and it could be time to be investing back in the region,” Fink said, adding there was still progress to be made in areas such as capital markets union.


AlUla’s vision based on strong partnerships, holistic development, says royal commission official

AlUla’s vision based on strong partnerships, holistic development, says royal commission official
Updated 9 min 27 sec ago
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AlUla’s vision based on strong partnerships, holistic development, says royal commission official

AlUla’s vision based on strong partnerships, holistic development, says royal commission official
  • Ben Hudson highlights pacts with global investors and nations
  • Plan includes $31.9bn contribution to Kingdom’s GDP by 2035

DAVOS: Taking a socially and economically responsible approach to development and working closely with committed partners is the key to fulfilling AlUla’s potential.

This is according to the Royal Commission for AlUla’s Chief Development and Construction Officer Ben Hudson, who spoke to Arab News at the World Economic Forum in Davos this week.

Hudson also emphasized the commission’s commitment to cultural preservation in transforming AlUla into a global destination.

Hudson underscored the RCU’s alignment with Saudi Arabia’s Vision 2030 reform program. “(The) RCU is unlocking AlUla’s economic, investment, and touristic potential through comprehensive regeneration, integrated partnerships, and inclusive sustainable development.”

Highlighting the AlUla Sustainability Charter as a blueprint for the organization’s initiatives, he said the RCU was also focused on revitalizing the built environment, community empowerment, and light-touch tourism.

Citing the example of the Dar Tantora The House Hotel, he said this was tangible proof of its plan in action, where the blending of traditional materials with local expertise has created new socio-economic opportunities while preserving the cultural heritage of the area.

Hudson was keen to highlight the RCU’s plans to contribute SR120 billion ($31.9 billion) to Saudi Arabia’s gross domestic product by 2035, driven by sustainable tourism and investment.

Ben Hudson, Royal Commission for AlUla’s Chief Development and Construction Officer. (Supplied)

In Davos, Hudson said the RCU was looking to foster global partnerships to accelerate AlUla’s regeneration.

“We are building on AlUla’s position as an ancient crossroad of civilizations, transforming AlUla into the world’s largest living museum, and a place for our community to thrive, (and this) can only be achieved when we work together,” he said.

“Our first strategic partnership was established with France, almost at RCU’s inception. Since then, we’ve grown our network, establishing partnerships with China, Italy, the UK, and world-class partners from the US, among others.

“We continue to make progress in evolving our partnership portfolio by working with UNESCO, the International Union for Conservation of Nature, the World Bank, and many others,” he said.

These collaborations enable billions of dollars in private sector investment across hospitality, real estate, cultural conservation, and infrastructure.

Hudson emphasized the importance of co-investment, inviting partners to join in developing key infrastructure, such as power and water, and creating vibrant public spaces. “This gives our partners confidence and provides a platform for sustained engagement, be it with our community or across the business landscape,” he said.

Preserving AlUla’s rich cultural heritage remains central to the RCU’s mission. Hudson described the area as a “hidden gem,” now revealed to the world, with strategies in place to balance conservation with growth.

Collaboration with organizations including the International Council on Monuments and Sites has enabled the creation of Heritage Impact Assessments to protect cultural areas while facilitating new construction, he said.

“Our goals are shaped by community feedback, from the people who stand to benefit the most, whose culture and heritage make AlUla what it is,” he explained.

The RCU’s short-term goals focus on making AlUla a livable destination that embodies the Quality-of-Life Program of Vision 2030, by attracting investment, enhancing infrastructure, and creating opportunities for local and global stakeholders.

Looking to the future, Hudson said the RCU’s commitment was to “creating a destination built around a vibrant culture and ancient heritage —somewhere to live, work, invest, and grow.”


AlUla strengthens global presence with LeBron James, UIM E1 World Championship

AlUla strengthens global presence with LeBron James, UIM E1 World Championship
Updated 24 January 2025
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AlUla strengthens global presence with LeBron James, UIM E1 World Championship

AlUla strengthens global presence with LeBron James, UIM E1 World Championship
  • Team AlUla championed by LeBron James will take part in the UIM E1 World Championship presented by PIF
  • Title partnership centers around AlUla’s ambition as a premier sports and adventure hub, dedication to supporting high-profile international events

ALULA: AlUla has strengthened its global sporting presence with LeBron James launching a new team in the UIM E1 World Championship presented by the Saudi sovereign wealth fund PIF in the world’s first all-electric race boat championship.

Named after the ancient oasis city in northwestern Saudi Arabia, Team AlUla Championed by LeBron James will compete in the 2025 E1 season, beginning with the E1 Jeddah GP on Jan. 24-25, and will be piloted by talented racers Rusty Wyatt and Catie Munnings.

The partnership centers around AlUla’s ambition as a premier sports and adventure hub, and its dedication to supporting high-profile competitions and sportspeople across the world, a press release issued on Friday said.

Central to AlUla’s development as a destination is the enrichment of its local community — a commitment that closely aligns with LeBron James’ philanthropic efforts in his hometown of Akron, Ohio.

The E1 all-electric race boat series is also in line with AlUla’s commitment to sustainability and comprehensive regeneration, evident in the city’s approach to holistic tourism, which manages visitor numbers, boosts environmental awareness and engages the community in conservation.

Core to its strategy is the AlUla Sustainability Charter, which guarantees the preservation of the natural and historical integrity of the area amid ongoing development.

This commitment is highlighted by initiatives such as designating 50 percent of AlUla as nature reserve and investing in eco-friendly infrastructure.

Rami AlMoallim, vice president of destination management and marketing at the Royal Commission for AlUla, said: “Our partnership with E1 and LeBron James marks a significant moment for AlUla, built on a shared commitment to conservation and community, spanning our desert landscapes to the world’s seas.”

“This collaboration highlights the deep interconnectedness of our environments and the power we all have to make a change. As a champion of regeneration and wildlife conservation, AlUla sees electric boat racing as an opportunity to redefine the future of sports and innovation and we are thrilled to be part of such a visionary partnership,” AlMoallim said.

As a growing heritage luxury boutique destination, and home to Hegra, Saudi Arabia’s first UNESCO World Heritage Site, AlUla has become known for blending history with innovation as it champions world-class home-grown sporting events such as Richard Mille AlUla Desert Polo, AlUla Trail Race, AlUla Tour and more.

Through AlUla’s partnership, Team AlUla Championed by LeBron James will visit iconic host cities such as Doha, Monaco and Miami, reinforcing its status as a premier global destination.


Saudi authorities foil attempt to smuggle $35m worth of captagon pills

Saudi authorities foil attempt to smuggle $35m worth of captagon pills
Updated 24 January 2025
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Saudi authorities foil attempt to smuggle $35m worth of captagon pills

Saudi authorities foil attempt to smuggle $35m worth of captagon pills

RIYADH: The Saudi Zakat, Tax and Customs Authority has thwarted an attempt to smuggle over 1.4 million captagon pills into the Kingdom through the Jeddah Islamic Port.

According to the authority, the pills were found inside a shipment during customs procedures and live detection.

 

 

Coordination with the General Directorate of Narcotics Control led to the arrest of the intended recipients of the seized items in the Kingdom.

Captagon, a type of amphetamine, is used predominantly by young men and teenage boys across the Middle East and has a street value of between $10 and $25 a pill, according to research by the International Journal of Addiction Research.

 

The Kingdom vs Captagon
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Saudi foreign minister in Damascus to discuss Kingdom’s support for Syrian transition

Saudi foreign minister in Damascus to discuss Kingdom’s support for Syrian transition
Updated 41 min 59 sec ago
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Saudi foreign minister in Damascus to discuss Kingdom’s support for Syrian transition

Saudi foreign minister in Damascus to discuss Kingdom’s support for Syrian transition

RIYADH: Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan arrived in Syria on Friday, in an official visit foreign ministry said in a statement.

Prince Faisal will meet with Syria’s de facto leader Ahmed Al-Sharaa and meet with top officials in the new Syrian administration. 

 


How Saudi Arabia is tapping AI to monitor the environment and extreme weather

How Saudi Arabia is tapping AI to monitor the environment and extreme weather
Updated 24 January 2025
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How Saudi Arabia is tapping AI to monitor the environment and extreme weather

How Saudi Arabia is tapping AI to monitor the environment and extreme weather
  • AI enhances weather predictions, improving forecasts for heatwaves and flash floods critical for Saudi Arabia’s climate adaptation efforts
  • KAUST’s Center of Excellence for Generative AI focuses on Earth observation technologies to address climate challenges like water scarcity

RIYADH: Since the launch of Vision 2030, technological innovation and sustainability have been central to Saudi Arabia’s transformative plan, with artificial intelligence emerging as a key tool to tackle a range of issues, including environmental challenges.

With nearly 90 percent of its territory covered by desert, the Kingdom is utilizing AI to combat land degradation, improve water resource management, and promote sustainable practices.

The King Abdullah University of Science and Technology has joined the global AI race by advancing generative AI research.

Its Center of Excellence for Generative AI adopts a multidisciplinary approach, focusing on technologies like multimodal foundation models and AI-assisted Earth observation systems to address challenges, including water scarcity and land degradation.

Prof. Matthew McCabe, director of KAUST’s Climate and Livability Initiative, told Arab News that AI has provided a pathway to revolutionize our understanding and interpretation of Earth systems, ushering in an era where data can be rapidly channeled to provide new knowledge and actionable insights.

“While GenAI has already impacted greatly on a number of domains, its application in the Earth and environmental sciences remains emerging,” McCabe said.

Prof. Matthew McCabe, director of KAUST’s Climate and Livability Initiative. (Photo courtesy of KAUST)

The center’s research focuses on developing AI tools for satellite imaging and Earth observation, enabling better monitoring of ecosystems. This includes using drones and satellite-based remote sensing technologies to track environmental changes in real-time.

Drones and satellite systems provide high-resolution data that is crucial for understanding ecological shifts in regions that were previously difficult to study. This allows for more effective land management, ecosystem restoration, and better predictions regarding weather patterns.

“We will be using remote sensing and other data sources to undertake ecosystem monitoring, helping to advance some of the goals and objectives of the Saudi Green Initiative,” McCabe said.

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AI-driven solutions are already aiding the Saudi Green Initiative’s goals of planting 10 billion trees and rehabilitating 40 million hectares of degraded land by 2030, analyzing regional climate data, soil conditions, and water availability to identify optimal planting locations.

The Saudi Data and AI Authority, known as SDAIA, has partnered with several government entities to leverage AI solutions in support of the Saudi Green Initiative. These efforts aim to create innovative, data-driven strategies for combating climate change.

AI is also transforming climate forecasting in Saudi Arabia. Hylke Beck, assistant professor of climate analytics at KAUST, highlighted AI’s potential to predict extreme weather events like heatwaves and flash floods, which are expected to become more frequent and severe due to climate change.

Hylke Beck, assistant professor of climate analytics at KAUST. (Photo courtesy of KAUST)

Beck said AI models can uncover hidden relationships within weather data that traditional forecasting methods cannot, enabling more accurate and actionable forecasts.

He noted that these improved forecasts are critical for the Kingdom as it works to adapt to climate challenges, such as the severe heatwave that affected Makkah last June or the devastating floods in April across the UAE and Oman.

“With projections indicating that climate change will intensify and increase the frequency of heatwaves and flash floods, alongside an expected 32 percent population growth by 2050, the need to harness AI technology has never been more urgent,” Beck told Arab News.

Commuters make their way through a flooded road after heavy rains in Makkah on January 6, 2025. Scientists in Saudi Arabia are tapping AI to improve forecasts as the Kingdom works to adapt to climate challenges. (AFP)

Although there are currently few weather forecasting systems specifically designed for the region, and even fewer that incorporate AI models, Beck says these technologies have transformative potential.

However, Beck says building effective AI models requires access to extensive datasets.

“Government support in making this data accessible is essential for creating a more climate-resilient future,” he said.

DID YOUKNOW?

• KAUST’s Center of Excellence for Generative AI focuses on Earth observation technologies to address climate challenges like water scarcity.

• Drones and satellites provide real-time data, aiding land management, ecosystem restoration, and environmental monitoring for the Saudi Green Initiative.

• AI models can uncover hidden relationships within weather data that traditional forecasting methods cannot, enabling more accurate and actionable forecasts.

Traditional weather models depend on equations created by scientists, but these equations can be limited by gaps in knowledge about certain weather patterns.

“These equations are imperfect because even the best meteorologists don’t fully understand all weather processes,” Berk said.

On the other hand, AI models analyze large amounts of data to find patterns, making predictions faster and more accurate. These are especially useful in areas where traditional systems struggle, like predicting thunderstorms, which are often harder to forecast accurately.

KAUST's new Center of Excellence on Generative AI aims to be the premier research, development, and innovation hub for pioneering generative AI technology in the Kingdom. (KAUST photo)

While traditional systems rely on expensive supercomputers, AI models can run effectively on regular computers, making them more affordable and accessible.

“These AI models can — and I believe will, in the not-too-distant future — fully replace current traditional models. However, they can also be integrated into them,” Beck said.

The Center of Excellence for Generative AI’s initiatives align with Vision 2030’s sustainability and innovation goals, collaborating with leading national entities like NEOM and Aramco, as well as international organizations like Meta and Nvidia to drive progress.

The center also addresses the shortage of generative AI talent in Saudi Arabia through training and upskilling programs for KAUST researchers, partners, and the wider community.