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The Board of Directors of the Prince Mohammed bin Salman Royal Reserve Development Authority Announces the Launch of the Integrated Development Management Plan (IDMP)
RIYADH, Saudi Arabia, Aug. 9, 2024 /PRNewswire/ — Today, the Board of Directors of the Prince Mohammed bin Salman Royal Reserve Development Authority, chaired by His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, announced the launch of the Reserve’s Integrated Development Management Plan (IDMP).
The plan is a comprehensive roadmap in line with global standards, covering the environmental, economic, social, tourism, and cultural aspects of the 24,500 square kilometer Reserve, which includes 15 distinct ecosystems, ranging from mountain ridges to coral reefs in the northwest of the Kingdom.
The plan enables the efficient and effective management of the Reserve. It establishes key guidelines for restoring and conserving wildlife in line with the latest global standards, including guiding species reintroduction plans through modern technologies, and setting a framework for developing and enhancing the ecotourism ecosystem. This includes Red Sea Global’s AMAALA tourism development, which is located within the Reserve. The Reserve also features in four sites on the UNESCO World Heritage Tentative List for the Kingdom and is aiming to become the world’s most famous heritage tourism destination for environmental conservation, whilst achieving the necessary balance with the needs of the local communities.
The Integrated Development Management Plan follows the completion of intensive studies to determine the historical and current state of the Reserve’s environment and the steps needed to restore the ecosystems, flora and fauna to the state it was in a century ago. The Reserve is home to 15 distinct ecosystems, ranging from mountain ridges, through life giving wadis to the coral reefs of the Red Sea, creating an exceptional level of biodiversity. Twenty-three historically occurring species have been selected for reintroduction, 16 of which are extinct within the Reserve’s borders, four are Critically Endangered, and three are Vulnerable according to IUCN listings, including the iconic Arabian oryx, Arabian leopard, and cheetah. An extensive habitat restoration project supports this wildlife reintroduction program, aiming to protect and conserve the Reserve’s 400 plus native plant species. The Reserve aims to become a tourism destination that offers visitors a diverse terrestrial and marine experience while simultaneously ensuring the protection of its ecosystems and biodiversity.
The Kingdom is committed to working with the international community to address the world’s environmental challenges. Key activities such as reducing carbon emissions with the aim of reaching net-zero by 2060, continuing to build the Kingdom’s renewable energy infrastructure, increasing reforestation, and enhancing biodiversity, including wildlife and species reintroductions, are underway. The launch of the IDMP contributes to the Kingdom’s leading position in wildlife reintroduction and conservation, as well as the strategic objectives of the Royal Reserves Council, which focus on protecting wildlife, afforestation, enhancing ecotourism, and providing job opportunities. The adopted objectives of the Royal Reserves support the Kingdom’s efforts in sustainability and environmental conservation, contributing to the Saudi Green Initiative’s goal of protecting 30% of the Kingdom’s terrestrial and marine areas by 2030.
Andrew Zaloumis, CEO of the Prince Mohammed bin Salman Royal Reserve Development Authority, internationally recognized for his pioneering work in establishing reserves of global conservation value and regional economic impact, said:
“The building blocks are in place to deliver the promise of the IDMP by 2030 – a Reserve of global conservation significance rooted in community.”
We have reintroduced animal species, discovered several species new to science, and trained and deployed an effective ranger team of 150 local men and women who play a pivotal role in our mission.”
“Thanks to the passion of the Saudi Arabian leadership and the investment and commitment of the government, we are pioneering new techniques and technologies to complement tried and tested management and conservation practices.”
“We look forward to sharing the results of our work with the wider conservation and scientific community.”
The Prince Mohammed bin Salman Royal Reserve Development Authority includes local and international experts who lead research and development efforts, enhancing international and local partnerships, and promoting cooperation frameworks to facilitate the exchange of knowledge and the application of best environmental practices. Their research efforts have contributed to the identification of new species of animals and plants across the Reserve’s diverse terrestrial and marine ecosystems.
Given the Reserve’s range of ecosystems and strategic location connecting the major projects of NEOM, AMAALA, Red Sea Global, and AlUla, and its partnerships with many specialized local and global entities, it is planned that by 2025, animals will be able to roam freely through a 70,000 km² environmental corridor, contributing to the wider regional environmental restoration efforts, as well as creating rich experiences for ecotourism and achieving the necessary balance with the needs of the local communities and the creation of around 5,400 job opportunities.
Prince Mohammed bin Salman Royal Reserve is one of eight Royal Reserves established by Royal Decree and overseen by the Royal Reserves Council chaired by His Royal Highness the Crown Prince. The reserves include Imam Abdulaziz bin Mohammed Royal Reserve, Imam Saud bin Abdulaziz Royal Reserve, Imam Turki bin Abdullah Royal Reserve, King Abdulaziz Royal Reserve, King Salman bin Abdulaziz Royal Reserve, King Khalid Royal Reserve, and Imam Faisal bin Turki Royal Reserve.
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Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
The post Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets appeared first on .
LIMASSOL, Cyprus , Nov. 15, 2024 /PRNewswire/ — Doo Group is proud to announce that Doo Financial, one of its brands, has been awarded a new license by the Cyprus Securities and Exchange Commission (CySEC). This achievement strengthens Doo Group’s commitment to providing a secure and regulated trading environment for its clients globally.
Expanding Regulatory Reach
The addition of the CySEC license highlights Doo Group’s extensive regulatory framework, which already spans across multiple financial jurisdictions, including the United Kingdom, Australia, Hong Kong and Malaysia. This strategic milestone reflects Doo Group’s dedication to ensuring compliance with international regulatory standards and prioritizing client security. As a European Supervisory Authority, CySEC offers a robust regulatory environment and is expected to enhance client confidence. For Doo Group, this new regulatory milestone reinforces its reputation as a trusted, reliable financial services provider.
“Acquiring the new license from CySEC is a significant milestone for Doo Financial, marking a key step in our ongoing growth and strategic expansion. This achievement not only reinforces our commitment to maintaining the highest standards of regulatory excellence but also solidifies our position as a trusted, reliable financial institution within Europe. By aligning with CySEC’s rigorous requirements, we are better positioned to offer enhanced services to our clients, foster greater transparency, and ensure long-term stability in an increasingly complex and dynamic financial landscape.” Costas Kappai, Doo Financial EU
Strengthening Client Confidence
Doo Financial EU, the European branch of Doo Financial, is now positioned to serve clients across Europe under the guidelines of a European Supervisory Authority. European clients will benefit from CySEC’s regulatory protections, including client fund safety and transparent business practices, ensuring a secure and trustworthy trading experience. This development allows Doo Financial EU to offer its suite of financial services and trading products to a wider audience, backed by the credibility and oversight of CySEC.
By expanding its regulatory reach, Doo Group continues to strengthen its position in the global financial market, enabling clients to trade with confidence. The CySEC license is another step toward achieving Doo Group’s vision of becoming a leader in financial services.
About Doo Group
Founded in 2014 and headquartered in Singapore, Doo Group is an international financial services provider with a focus on FinTech. With operations across 10 major business lines—including Brokerage, Wealth Management, Payments, and Digital Marketing—we are dedicated to delivering comprehensive financial solutions that empower our clients to explore a better future.
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