AlUla strengthens global presence with LeBron James, UIM E1 World Championship
AlUla strengthens global presence with LeBron James, UIM E1 World Championship/node/2587670/saudi-arabia
AlUla strengthens global presence with LeBron James, UIM E1 World Championship
1 / 2
AlUla Strengthens Global Sporting Presence with LeBron James, UIM E1 World Championship. (Supplied)
2 / 2
AlUla Strengthens Global Sporting Presence with LeBron James, UIM E1 World Championship. (Supplied)
Short Url
https://arab.news/m98u5
Updated 48 sec ago
Arab News
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
Updated 48 sec ago
Arab News
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 Ƶ, 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, Ƶ’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
Updated 38 min 13 sec ago
Arab News
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.
| في ميناء جدة الإسلامي تتمكّن من إحباط محاولة تهريب أكثر من 1.4 مليون حبة كبتاجون، عُثر عليها مُخبأة في إرسالية واردة إلى المملكة عبر الميناء، وبالتنسيق مع تم القبض على مستقبِل المضبوطات داخل المملكة.
| …
— هيئة الزكاة والضريبة والجمارك (@Zatca_sa)
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
Inside Ƶ's war against the drug destroying lives across the Arab world
Ƶ to host regular World Economic Forum event in the Kingdom
Updated 25 min 1 sec ago
Arab News
DAVOS: Ƶ announced a regular world economic global forum in the Kingdom said the country’s minister of economy Faisal Alibrahim in Davos on Friday.
Alibrahim said the decision was based on the success of the forum held for the first time last year.
Ƶ hosted its first two-day WEF special meeting on April 28-29, 2024.
The meeting focused on global collaboration, growth and energy.
At the time of last year’s event Alibrahim said that the forum had recognised that the Kingdom was “becoming a stronger, more impactful leader on the global stage,” and he added: “we found it as an opportune time to bring this global Tier 1 event to the kingdom, and start this new chapter together.”
Ƶ is already the birthplace of the Future Investment Initiative, which holds its annual conference in the Kingdom.
How Ƶ is tapping AI to monitor the environment and extreme weather
AI enhances weather predictions, improving forecasts for heatwaves and flash floods critical for Ƶ’s climate adaptation efforts
KAUST’s Center of Excellence for Generative AI focuses on Earth observation technologies to address climate challenges like water scarcity
Updated 45 min 23 sec ago
Hajar AlQusayer
RIYADH: Since the launch of Vision 2030, technological innovation and sustainability have been central to Ƶ’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.
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.
Opinion
This section contains relevant reference points, placed in (Opinion field)
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 Ƶ. 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.
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.
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.
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 Ƶ through training and upskilling programs for KAUST researchers, partners, and the wider community.
Ƶ eyeing trade hub with trillion-riyal investments, transport official tells WEF
Ƶ’s logistics investments and business-friendly policies aim to position the Kingdom as a global trade gateway, panel hears
Vision 2030 fosters clear goals, educated governance, and incentives, creating a robust foundation for logistics and transport growth
Updated 24 January 2025
Nadia Al-Faour
DUBAI: Savvy logistics investments and business-friendly policies are transforming Ƶ into a global trade hub, a Davos panel was told on Thursday.
Nouf Al-Fares, assistant deputy minister at the Saudi Ministry of Transport and Logistics Services; and Ehab Aziz, chief financial officer of Agility, were speaking at Saudi House during the World Economic Forum’s annual meeting.
The panel highlighted the Kingdom’s ambitious logistics and investment targets, which are being met partly through international deals.
Al-Fares said: “A strategy was announced in mid 2021 by His Royal Highness Crown Prince Mohammed bin Salman. At the beginning I thought it to be intimidating having to raise SR1 trillion ($266 billion) in investments, but we are already halfway there through various established projects like the Riyadh Metro, and the new expansions of seaports and airports.
“We are now in motion to open a metro in Jeddah as well.”
The Kingdom’s shifting policies on foreign investment are also playing a role in surging growth, Al-Fares added.
Foreign investors are now able to claim 100-percent ownership of their Saudi-based businesses — a crucial policy in attracting investment.
“International companies are increasingly seeing the value of investing in Ƶ,” the assistant deputy minister said.
“Chinese companies have already entered the Saudi market, with investments so far reaching over SR1 billion, and there are still more incoming projects.”
Ƶ is preparing to open five new airports in the coming years that will further boost the Kingdom’s connectivity and infrastructure, she added.
“This aligns with our vision and position to being the gateway to Asia, Africa and Europe. We are also preparing projects to back the tourism sector as we are witnessing a surge in numbers of tourists, not including the religious ones.
“A lot of programs and funds that have been developed by our government are geared at attracting the youth, and those leaders with an appetite for change. We are excited for the upcoming completion of projects like the railway, which is to be completed within four years.
“The railway will connect the Kingdom to its GCC neighbors, namely Abu Dhabi, Kuwait and Doha.
Aziz praised the Saudi government’s proactive role in fostering a business-friendly environment.
He highlighted several schemes that have attracted domestic and foreign investment, particularly since the launch of Vision 2030.
The chief financial officer shared the details of his own company’s development in Ƶ.
Agility, a logistics and supply chain leader, has been in operations for more than two decades, beginning as a Kuwaiti public company that constructed warehouses.
“Since its privatization Agility has become a global operator,” Aziz said.
“Today, the company has $11 billion worth of assets spread across various businesses. We also own one of the largest aviation companies that operates within 250 countries.”
A conviction that the Kingdom “would be the place to be in the future” led the company into a Saudi expansion, Aziz said, adding: “And so we have so far not been proved wrong.”
He said: “The story in Saudi is getting better and better over time. It is rare to find a country with a clear vision that is tangible with an educated government.
“The government incentivizing its employees through bonuses is also a new, atypical characteristic. All the infrastructure projects are very important but so is the mindset and attitude.
“And all that has been extremely positive. It has gotten to a level where you feel like you can completely count on the government; this increases your confidence in investing more in the country.”
Al-Fares and Aziz highlighted their optimism over the future of investment in the Kingdom’s transport and logistics sector.
The industry is poised for continued growth thanks to the government’s clear vision and investments that are providing a solid foundation for future development, they said.
“I think 2030 is carrying a lot and we are very optimistic,” Al-Fares added.