“We will make every effort to achieve a reliable and irreversible plan for just and comprehensive peace.” Prince Faisal bin Farhan, Saudi Foreign Minister speaking at The Global Alliance for the Implementation of the two-state solution which includes the Arab League, the Organization of Islamic Cooperation (OIC) and Norway. Saudi Arabia announces new global coalition to establish Palestinian state [Al-Arabiya]
“The Kingdom’s coffee consumption has skyrocketed in recent years, particularly among young Saudis who see coffee shops not just as places to grab a quick drink, but as social hubs where they can meet friends, work remotely, and be seen.” Sarah Charles, Saudi Arabia’s coffee expansion is being driven by homegrown brands [Coffee Intelligence]
“Recurring climate extremes such as droughts and floods are devastating the livelihoods of thousands of people and driving up the price of essential food commodities beyond the reach of many. This generous contribution from KSrelief will enable WFP to continue supporting the nutrition needs of thousands of vulnerable mothers and children in Somalia.” El-Khidir Daloum, World Food Program Country Director in Somalia, Saudi Arabia strengthens WFP’s efforts to treat and prevent malnutrition in Somalia [World Food Program]
“A recent estimate from the Saudi Data and AI Authority (SDAIA) projects that AI will contribute 12% of the kingdom’s GDP by 2030, with the sector expected to grow at an astonishing 29% a year. PWC expects that AI could contribute $320 billion to the Middle East by 2030, about 2% of the total global benefits.” Faisal Abbas, The shifting foundations of Gulf-US ties [Semafor]
“Saudi Arabia’s demographics can be perfect for food delivery apps. Now that more women are working — labor participation rose to about one-third from 20% in 2017 — families may have more disposable income but less time to cook meals. In addition, a more tolerant society and a young population almost necessarily translate into cravings for exotic food.” Shuli Ren, Chinese Takeout in Saudi Arabia? You Bet [Bloomberg]
“The kingdom will not cease its tireless efforts to establish an independent Palestinian state with East Jerusalem as its capital, and we affirm that the kingdom will not establish diplomatic relations with Israel without one. We thank all the countries that recognized the Palestinian state as an embodiment of international legitimacy, and we urge other countries to take similar steps.” Saudi Crown Prince Mohammed bin Salman, Saudi Crown Prince Says No to Israel Ties Without Palestinian State [New York Times]
“I’m very bullish on aluminum. The energy transition doesn’t happen without aluminum, so if we want to be a critical minerals and processing hub, we’ve got to control the feedstock.” Maaden Chief Executive Officer Bob Wilt, Saudi Arabia Targets Control of Alba to Bolster Metals Ambitions [Bloomberg]
“The decision to establish industrial capabilities like final assembly, testing facilities, a spaceport, and an immersive dome experience in Saudi Arabia reflects the Kingdom’s favourable business environment. We believe Saudi Arabia is well-positioned to lead the near-space sector, and we’re excited to deepen our partnership as we push forward with our mission.” Carlos Mira, CEO of HALO Space, HALO Space to Build Final Assembly Facilities in Saudi Arabia, Prepares for Test Flight [Edge Middle East]
