WEF26: Saudi Arabia Leads New Global Push to Protect Coral Reefs, Unlock AI Potential

DAVOS, Switzerland--(BUSINESS WIRE)--Jan 21, 2026--

The Saudi delegation to the World Economic Forum (WEF) Annual Meeting 2026 today observed a series of announcements aimed at addressing urgent global challenges.

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Her Royal Highness Ambassador Reema Bandar Al-Saud, Ambassador of the Kingdom of Saudi Arabia to the United States of America, announced that Saudi Arabia will host the first Global Coral Reef Summit in 2026, bringing together global leaders, scientists, and investors to drive solutions for the protection and recovery of coral reef ecosystems.

The summit will address key challenges and policy and regulatory gaps, develop science-based solutions, and advance sustainable financing and investment mechanisms to scale coral reef protection and recovery.

Building on the call for constructive dialogue in an era of fragmentation, His Excellency Ahmed A. Alkhateeb, Minister of Tourism, said: “Tourism brings peace at a time when it’s needed – connecting people and encouraging dialogue. Tourism growth is good for peace, it’s good for people, good for youth, and good for women.”

On the Kingdom’s ambitions to become a global hub for AI, His Excellency Abdullah A. Alswaha, Minister of Communications and Information Technology, commented: “Saudi Vision 2030 was about economic diversification and empowering youth. Fast forward to today and we've achieved 56% non-oil contribution to GDP, and in terms of talent and youth, our tech force has increased dramatically.”

Earlier in the day, HUMAIN and the National Infrastructure Fund (“Infra”) announced a Strategic Financing Framework Agreement of up to $1.2 billion to support the expansion of AI and digital infrastructure projects in the Kingdom. The agreement outlines non-binding financing terms for HUMAIN’s development of up to 250 MW of hyperscale AI data center capacity.

The United Nations Convention to Combat Desertification (UNCCD) COP16 Presidency also launched the Business4Land (B4L) Champions’ Council. This high-level coalition brings together CEOs, sustainability leaders, investors, and policymakers to accelerate land restoration, combat land degradation, and strengthen drought resilience.

The Ministry of Industry and Mineral Resources (MIM), in collaboration with WEF, announced the Lighthouse Operating System, a country-level framework designed to accelerate manufacturing transformation. Developed in partnership with WEF’s Advanced Manufacturing and Production Centre (AMPC), this initiative aims to diversify the Kingdom’s economy, build robust non-oil industries, and position Saudi Arabia as a global hub for advanced manufacturing and logistics.

MIM and WEF announced a cooperation agreement on the sidelines of the Future Minerals Forum, which took place the week before the WEF Annual Meeting. The agreement runs until September 2027 and aims to unify efforts to strengthen partnerships around critical minerals required for energy and other technologies, contributing to the assurance of resilient, sustainable, and responsible mineral supplies aligned with industrial objectives and the energy transition. According to the agreement, the initiative will be overseen by a joint executive committee comprising representatives from the ministry and WEF.

*Source:AETOSWire

Her Royal Highness Ambassador Reema Bandar Al-Saud, Ambassador of the Kingdom of Saudi Arabia to the United States of America, announced at the World Economic Forum Annual Meeting that Saudi Arabia will host the first Global Coral Reef Summit in 2026 (Photo: AETOSWire)

SAN FRANCISCO (AP) — San Francisco has settled a two-year legal fight with its neighbor across the bay that will allow the city of Oakland to include “San Francisco” in its airport’s name if it doesn’t highlight the two words in any way.

The settlement announced Tuesday allows Oakland’s airport to be called “Oakland San Francisco Bay Airport,” but it bars the city from spotlighting “San Francisco” or “San Francisco Bay” in fonts, highlights, different colors or any other way. It also requires Oakland to use the word “bay” right after “San Francisco” and bans it from using the word “International” in the airport’s name, even though it provides international flights.

The spat began in 2024 after Oakland, a diverse port city often seen as the underdog in the Bay Area compared to its richer neighbor to the west, changed its airport’s name to “San Francisco-Oakland Bay Airport,” prompting San Francisco officials to sue over what they said was a trademark violation.

The two airports are across from each other on the San Francisco Bay and about 30 miles (48.28 kilometers) driving distance.

Oakland officials said the name modification was necessary to help travelers unfamiliar with the region place the city in the Bay Area. They said visitors often fly into San Francisco’s airport even if their destination is closer to the Oakland airport. The airport’s three-letter code OAK did not change.

“We’re proud Oakland fought for, and preserved the right to retain our airport’s full name that puts Oakland first and recognizes OAK’s location on the San Francisco Bay,” Mary Richardson, attorney for the Port of Oakland, which manages the airport, said in a statement.

San Francisco argued having “San Francisco” in Oakland’s airport name would confuse travelers, especially those flying in from abroad and those unfamiliar with the Bay Area. But on Tuesday, San Francisco officials had a friendlier tone.

“We are grateful to have reached a resolution in this matter,” San Francisco International Airport Director Mike Nakornkhet said. “This agreement provides clarity for travelers to make informed decisions about travel through our respective airports.”

Neither side admitted liability, and there was no monetary settlement.

San Francisco International Airport, known as SFO, is owned by the city, though technically located south of it.

FILE - Vehicles wait outside the international terminal at San Francisco International Airport, in San Francisco, July 11, 2017. (AP Photo/Marcio Jose Sanchez, File)

FILE - Travelers walk toward the entrance of Oakland's international airport Nov. 13, 2024, in Oakland, Calif. (AP Photo/Godofredo A. Vásquez, File)