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Ƶ is evaluating BRICS membership, says economy minister

Ƶ is evaluating BRICS membership, says economy minister
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Updated 13 February 2025

Ƶ is evaluating BRICS membership, says economy minister

Ƶ is evaluating BRICS membership, says economy minister
  • Study ongoing, says Al-Ibrahim at World Governments Summit
  • Slow forecast global growth means Kingdom needs to ‘engage’

DUBAI: Ƶ is evaluating the benefits of joining the BRICS economic bloc, Faisal Alibrahim, the Kingdom’s minister of economy and planning, said at the World Governments Summit on Wednesday.

Speaking during a session titled “The Emergence of Multiple Economic Blocs,” Alibrahim highlighted Ƶ’s commitment to fostering global dialogue while navigating an increasingly fragmented economic landscape.

The BRICS bloc was formed in 2009 and initially named after its original founders Brazil, Russia, India and China, while South Africa joined a year later. It now has 10 full members including Iran, Egypt, Ethiopia, the UAE and Indonesia.

Alibrahim said economic blocs such as BRICS were not an end in themselves but tools to promote stability and integration. “Dialogue is important. It’s important for the Kingdom and for the world today.”

He said Ƶ viewed such platforms as opportunities to build, protect, and expand common ground.

Since the launch of Vision 2030, Ƶ has demonstrated an increased openness to global dialogue, aiming to enhance regulatory alignment and market integration.

The minister emphasized that while regional proximity and cultural ties were vital, meaningful economic cooperation also required open, transparent discussions on trade policies and regulatory frameworks.

“During hyperinflation days, like what happened in the 70s, we will be operating less than our potential and less than our optimal output,” he said.

“Which means we will be operating at a loss, and the global economy can’t afford this especially since it is projected to grow at 3.3 percent in 2025. We can’t afford not to continue to engage.”

Alibrahim also addressed the evolving economic dynamics within the GCC. “In the case of the GCC, we’re looking at a common market and a customs union.”

“To be very transparent, we were considering a currency union, but effectively, because of our collective peg, we are more or less pegged to the dollar. This peg has created a form of economic unity.”

The minister said GCC countries were taking a step back to reassess what Gulf economic unity and integration should look like in the future.

“We’re having very open, transparent discussions among all six countries about trade policy and many other topics,” he added.

Addressing Ƶ’s potential BRICS membership, Alibrahim said the Kingdom was undergoing a “rigorous process” to evaluate the pros and cons of joining the bloc.

“Like any multilateral platform, we carefully assess the benefits and challenges,” he explained.

When asked whether BRICS membership might undermine the petrodollar system, Alibrahim dismissed such concerns, stressing that continued dialogue remained essential, even amid policy differences.

“Engagement does not mean endorsement. It’s about sharing perspectives to address global challenges,” he said.

Alibrahim reflected on the current global economic climate marked by rising protectionism and trade disruptions.

He warned that the fading era of hyper-globalization necessitated a shift from merely seeking consensus to fostering meaningful, solution-oriented discussions.

“Hyper globalization is fading. You said it. Protectionism is increasing. Trade disruptions, we don’t want to say specifically, trade wars, trade disruptions are increasing.

“This means that companies and countries are now solving for more stability, not necessarily for efficiency. We can’t afford not to engage.

The minister advocated for robust multilateralism.

“The solution is being honest with each other. We are in the Saudi government, and ministers among themselves are very candid and very respectful.

“But we critique each other, and I think governments bilaterally should develop that strong relationship to be able to comment and support and give each other feedback. And I think that will create the shift needed in global data.”


ZATCA thwarts attempts to smuggle captagon pills, seizes huge cache of contraband

ZATCA thwarts attempts to smuggle captagon pills, seizes huge cache of contraband
Updated 40 sec ago

ZATCA thwarts attempts to smuggle captagon pills, seizes huge cache of contraband

ZATCA thwarts attempts to smuggle captagon pills, seizes huge cache of contraband
  • Actions in coordination with General Directorate of Narcotics Control, 3 intended recipients arrested by authority
  • Customs thwarted an attempt to smuggle 49,929 captagon pills hidden in wooden tables

RIAYDH: The Zakat, Tax and Customs Authority has thwarted attempts to smuggle more than 261,000 amphetamine (captagon) pills and 9.8 kg of methamphetamine, found hidden in vehicles and shipments arriving at King Abdulaziz International Airport, Duba Port, and the Al-Batha border crossing.
The authority, acting in coordination with the General Directorate of Narcotics Control, arrested three intended recipients of the contraband, it was reported on X.
The authority’s spokesperson Hamoud Al-Harbi said that customs thwarted an attempt to smuggle 49,929 captagon pills hidden in wooden tables at Duba Port; it found 20,209 captagon pills hidden in a traveler’s bag at King Abdulaziz International Airport; and it stopped two separate attempts at Al-Batha border crossing: one to smuggle 191,764 captagon pills in the floor of a truck, and another to smuggle 9.8 kg of methamphetamine also hidden in a truck.
Al-Harbi emphasized the authority’s commitment to tightening customs control over the Kingdom’s imports and exports, and confronting smuggling attempts while protecting society from the contraband.
This is in line with the most prominent pillar of the authority’s strategy, which is to enhance the security and protection of society by limiting attempts to smuggle such contraband and other prohibited items.
He urged citizens and residents to contribute and help in the fight against smuggling by supplying information on the dedicated security reporting number (1910), via email ([email protected]), or by calling the international number (009661910). All reports will be handled with confidentiality and may result in a financial reward if the information is accurate.


Jeddah to host annual Hajj Conference and Exhibition

Jeddah to host annual Hajj Conference and Exhibition
Updated 19 September 2025

Jeddah to host annual Hajj Conference and Exhibition

Jeddah to host annual Hajj Conference and Exhibition

RIYADH: The fifth annual Hajj Conference and Exhibition will take place in Jeddah in November.

Taking place from Nov. 9-12, it is being organized by the Ministry of Hajj and Umrah, partnering with the Pilgrim Experience Program, with the theme “From Makkah to the World.”

The event, under the sponsorship of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, follows on from a successful fourth edition, which drew more than 120,000 attendees from around the world. It featured more than 220 exhibitors from 137 nations and generated more than 670 collaborative agreements.

Programming for this year includes over 80 sessions and 60 specialized workshops for academics, researchers, pilgrim services offices, diplomatic representatives and trainees.

King Abdulaziz Foundation (Darah) will contribute significantly through its History of Hajj and the Two Holy Mosques Forum, examining historical and cultural aspects of pilgrimage and the evolution of Islam’s holiest sites. It will explore modern technology applications for documenting and presenting Hajj experiences through interactive digital platforms, advancing public understanding of pilgrimage heritage.

Industries involved include travel, transportation, telecommunications, healthcare, food services, hospitality, technology, insurance, crowd management and logistics. Non-profit organizations will present collaborative initiatives offering innovative solutions for service enhancement and sustainability goals.

The accompanying exhibition will span over 52,000 sq. meters and feature more than 260 exhibitors. An Innovation Zone will bring together 15 startups and entrepreneurs competing across three challenge categories to develop forward-looking Hajj service solutions.

“Ministry officials characterize the conference as a unique global forum for expertise exchange and technology demonstration, facilitating partnerships between government agencies, private companies, and non-profit organizations,” said a statement. “They position it as the world’s only specialized international platform focused on Hajj system development and innovation, promoting cross-sector coordination in serving pilgrims.”

The initiatives align with the Pilgrim Experience Program objectives within Saudi Vision 2030.

Interested parties can learn more and register for the event at www.hajjconfex.com.


Rising tourist appeal for Al-Jawf’s ancient heritage sites

Rising tourist appeal for Al-Jawf’s ancient heritage sites
Updated 19 September 2025

Rising tourist appeal for Al-Jawf’s ancient heritage sites

Rising tourist appeal for Al-Jawf’s ancient heritage sites

AL-JAWF: Visitor numbers have surged at archaeological destinations throughout Al-Jawf, with travelers and cultural enthusiasts discovering the monuments that chronicle human civilization and Ƶ’s heritage.

Among the key sites is Sisra Well in Sakaka, which represents Nabatean engineering prowess. Hand-carved into solid rock between the first centuries B.C. and A.D., the 15-meter-deep structure incorporates an eastern aperture that channels water to agricultural lands through an intricate irrigation system.

Further south, the Rajajil Columns near Qara captivate researchers and archaeology aficionados alike with their 6,500-year heritage. This ancient site encompasses 50 distinct groupings of sandstone monoliths, each up to 3 meters high. Locals coined the site’s name from the columns’ resemblance to human figures when viewed from a distance.

The Camel Rock Art site, east of Sakaka, holds global significance as a rare collection of life-size animal sculptures. There are some 21 stone carvings, 17 of which depict camels from the period 5,600-5,200 B.C. This concentration of prehistoric artwork ranks among the earliest-documented sculptural achievements.

The Heritage Commission spearheads efforts to elevate these sites’ profile through targeted education initiatives and hands-on experiences. It maintains comprehensive programs for site preservation, development and international promotion, strengthening their cultural impact while stimulating regional economic growth, in line with Saudi Vision 2030’s commitment to safeguarding and internationally promoting the Kingdom’s cultural legacy.


Can Riyadh’s hotel boom set a global standard for sustainability?

Can Riyadh’s hotel boom set a global standard for sustainability?
Updated 19 September 2025

Can Riyadh’s hotel boom set a global standard for sustainability?

Can Riyadh’s hotel boom set a global standard for sustainability?
  • Mud-brick hotels and regenerative agriculture combine ancient techniques with sustainability

RIYADH: Against a skyline dotted with construction cranes, Riyadh is racing to add 360,000 new hotel rooms by 2030 — a $1 trillion push aimed at cementing Ƶ’s place as a global tourism hub.

This rapid expansion raises a critical question: Can desert hospitality lead the world in sustainable innovation while advancing the Kingdom’s Vision 2030 and net-zero 2060 goals?

The operational blueprint is unfolding at King Abdullah Financial District, where over 40 LEED Silver or Gold-certified buildings achieve 10–15 percent energy savings through high-efficiency appliances and smart climate control.

These structures recycle wastewater using advanced treatment systems, supporting Riyadh’s city-wide goal to reuse 100 percent of treated water for irrigation and greening — mirroring capabilities at facilities like the Manfouha plant.

KAFD is built for sustainability, with more than 40 buildings that are LEED certified at Silver or Gold. (Shutterstock)

Abdulrazaq Alreshaidan, an expert on sustainability and safety issues, emphasized to Arab News the comprehensive nature of this evolution:

“Progressive developers now integrate carbon accounting from initial excavation through decades of operations while implementing sophisticated water conservation systems and advanced waste management techniques across all project phases,” he said.

Riyadh’s hospitality expansion is tightly interwoven with the city’s sustainability strategy, forming a unified framework for ecological transformation.

The blueprint sets ambitious targets: a 50 percent citywide reduction in carbon emissions, driven by energy-efficient building codes and renewable energy adoption in the tourism sector. Hotels are also expected to achieve a 94 percent waste recycling and conversion rate by redirecting food and packaging waste into circular systems, cut water consumption by 57 percent through advanced conservation mandates, and lower urban temperatures by 1.5°C–2°C via strategically expanded native green corridors irrigated with recycled water.

Addressing extreme water scarcity remains paramount. At Shebara along the Red Sea coast, 73 prefabricated villas operate with near-zero marine impact through solar-powered reverse-osmosis desalination that meets 100 percent of freshwater needs, while enforcing strict circular economy protocols that eliminate single-use plastics through reusable container partnerships with local suppliers.

Abdulrazak Alreshaidan, sustainability expert. (Supplied)

Similarly, Dar Tantora in AlUla features 30 mud-brick guest rooms using ancient thermal-mass principles for natural temperature regulation, alongside a zero-waste restaurant initiative that trains regional farmers in precision-drip irrigation and regenerative agriculture to rebuild topsoil season after season.

“Leading properties now implement intuitive material reuse stations with multilingual signage,” said Alreshaidan. He highlighted hotels like The Valley Resort, which transform 12 tonnes of monthly organic waste into nutrient-dense compost for extensive native-species gardens — creating on-site closed-loop ecosystems.

Energy innovation is also taking center stage. Six Senses Southern Dunes — Ƶ’s first off-grid LEED Platinum property — runs entirely on photovoltaic arrays with battery storage, while Desert Rock Resort uses subterranean geothermal engineering to cut conventional cooling needs by over 40 percent.

“Visionary developers actively pursue certifications like LEED because they understand these credentials validate operational excellence while strengthening brand reputation and investor confidence quantifiably,” Alreshaidan said.

He added that material sourcing remains a challenge: “You might notice some sustainable materials are higher in price than others.” Many hotels accept these higher costs as “long-term investment rather than short-term cost.”

The Saudi Investment Recycling Co., a Public Investment Fund subsidiary, develops and operates recycling infrastructure across all waste types. Alreshaidan emphasized material sustainability: “Companies like SIRC guide others to utilize recycled materials and waste from construction is utilized where materials came 100 percent from recycled sources.”

He specifically spotlighted SIRC’s conversion of demolition debris into certified concrete aggregates used in landmark projects.

FASTFACT

Did You Know?

Riyadh plans to add 360,000 new hotel rooms by 2030.

Some hotels run entirely off-grid using solar power and battery storage.

Hotels like The Valley Resort turn 12 tonnes of organic waste each month into compost.

Verification gaps present another complexity: “The absence of Saudi and GCC-authorized accreditation bodies for auditing recycled content percentages creates vulnerability to greenwashing claims without standardized chain-of-custody documentation,” said Alreshaidan.

With LEED Silver certification now mandatory for major developments, Riyadh’s hotel construction wave is creating 360,000 real-world laboratories for sustainable innovation.

As Expo 2030 approaches, transformative solutions — from AI-managed water recovery networks to SIRC’s circular economy platforms — position Ƶ to lead global sustainability standards tailored for hyper-arid regions.

Ƶ is fundamentally reimagining how environmental resilience is embedded in every operational variable. Alreshaidan concluded optimistically: “Comprehensive solutions are materializing precisely where most critically needed to harmonize growth with planetary stewardship.”


Heritage of date preservation continues in Al-Jouf

Heritage of date preservation continues in Al-Jouf
Updated 19 September 2025

Heritage of date preservation continues in Al-Jouf

Heritage of date preservation continues in Al-Jouf

RIYADH: Among the many inherited traditional social practices in the Al-Jouf region is the custom of “stuffing” dates.

Fresh dates harvested in the summer are preserved in a way that ensures they can be stored safely and eaten throughout the winter.

Despite developing agricultural production techniques that are used in modern factories, families in the region hold to this ancient tradition. 

Ahmed Al-Arfaj and his family carry out the process of stuffing and preserving their farm’s date harvest every year and he is keen to teach it to his children — who will pass it on to future generations in turn. 

They rely on the production of Hilwah Al-Jouf dates, he explained, with the start of the process being what is known as “Al-Laqat” (picking) or “Al-Haddad” (harvesting). The dates are then dried under the sun’s rays to ensure all the moisture evaporates.

The next stage is “Al-Taqmi‘” (sorting), where the pits are extracted and any unsuitable dates removed. They are then packed into containers and tightly sealed; a modern technique, as previously large clay vessels called “Al-Khawabi” were used for storage.

Al-Arfaj added the custom was known locally as “Al-Maknuz” (preserving). It is used to produce date molasses and “Al-Mujarrash” (processed) dates in which the sugars have crystallized, giving them a unique taste and flavor.

The Al-Jouf region celebrates its production with the annual date festival held in Dumat Al-Jandal. As well as highlighting the various types of dates, the event serves as an important marketing tool.