Ася - position paper for MUN

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2021-03-20 11:34:26

position paper for MUN

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Delegation from the Saudi Arabia Represented by Chernova Anastasiia Position paper International Efforts to Combat Money Laundering; Beneficial Use of Sanctions; Ensure Access to Affordable, Reliable, Sustainable and Modern Energy for All; Electronic Waste; Technological Recycling Efforts; Sustainable Industrialization The Kingdom of Saudi Arabia is one of the most centralized countries in the Middle East. Known for its abundant oil supply, desert land, and strict adherence to Islam, Saudi Arabia is a culture that is very different from those of Western nations. Analyzing the national and business culture can prepare a Westerner for working in Saudi Arabia and help them avoid intercultural conflict. The Saudi Arabian economy is dominated by oil, which accounts directly for nearly forty percent of gross domestic product. SA economy has always been different from that of other Middle East countries, especially since it has never been dependent on exports and production of goods. International Efforts to Combat Money Laundering and Beneficial Use of Sanctions Money laundering in Saudi Arabia is an enduring problem. Saudi Arabia is among the first few countries to give special attention to the countering of money laundering by committing to and complying with many rules and international conventions and putting them into practice. Recently, Saudi Arabia and several member countries of the FATF have decided to intensify their efforts to fight money laundering on three levels – local, regional, and international.Saudi Arabia established its Anti-Money Laundering/Combating the Financing of Terrorism (AML/CFT) regime with the issuance of the Anti-Money Laundering Statute in 2003 and its Implementing Regulations in 2005. These laws provide a statutory basis for criminalizing money laundering and terrorist financing activities. Article 11 of the Law created the Saudi Arabian financial intelligence unit (FIU), which is responsible for receiving and analyzing reports on suspicious transactions.Article ten of Saudi Arabia's Anti-Money Laundering Law of 2003 requires financial institutions to develop AML/CTF training programs that must be reviewed annually for adequacy. Ensure Access to Affordable, Reliable, Sustainable and Modern Energy for All Saudi Arabia plays an important and growing role in global energy markets. Saudi Arabia is the fastest growing electricity consumer in the Middle East, particularly of transportation fuels. In 2005, Saudi Arabia was the world's 15th largest consumer of primary energy, of which over 60 percent was petroleum-based. The total output of all power generation facilities is 49 billion kWh, which is also 102% of its own needs. Solar photovoltaic systems are the only renewable energy source that can affect the grid. The SA Government has committed to increasing the installed capacity of the grid-connected solar power from 71 megawatts in the first half of 2016 to 350 MW by 2020. Energy in Saudi Arabia involves petroleum and natural gas production, consumption, and exports, and electricity production. Saudi Arabia is the world's leading oil producer and exporter. While most of this is exported, domestic use is rapidly increasing, primarily for electricity production. C) Electronic Waste and Technological Recycling Efforts Saudi Arabia produces three million tons of electronic wastes annually. It is expected that this number will increase with increasing purchasing power, and new technologies are constantly replacing the old ones. BBy 2032, Saudi government is aiming to generate about half of its energy requirements (about 72 GW) from renewable sources such as solar, nuclear, wind, geothermal and waste-to-energy systems.Through the Extended Producer Responsibility Framework, responsibilities will be shared among key stakeholders in the e-waste value chain. Under the EPR, manufacturers of coated electrical and electronic equipment will have to assume responsibility for the collection and proper treatment of e-waste. These producers are companies that produce or import coated electrical and electronic equipment for delivery to the local market. Saudi Arabia, municipal solid waste is collected from individual or community bins and disposed of in landfills or dumpsites. Saudi waste management system is characterized by lack of waste disposal and tipping fees. Recycling, reuse and energy recovery is still at an early stage, although they are getting increased attention. Waste sorting and recycling are driven by an active informal sector. The Saudi government is aware of the critical demand for waste management solutions, and is investing heavily in solving this problem. The Saudi government is making concerted efforts to improve recycling and waste disposal activities. Sustainable Industrialization Industrialization of Saudi Arabia was carried out at a leading role of the state, so in the economy now company's and corporations is dominated with a high proportion of state capital, private capital, etc. There are company with the participation of foreign capital. Saudi National Bank grew up in the 1970-80 from the oldest monetary office by family Al-Radgihi, which belongs to 44% of Bank shares. "National Industrialization Co." and "National Agro-Industrial Development" is the first company's in the country' which was made with private capital. State oil company "Saudi Aramco" and the state holding company oil and mineral resources "Petromin" includes 14 large companies and acts as the basis of all the structure of the industry. Foreign joint-stock part is in some of these companies like "McDermott", "mobile oil investment". In petrochemical and heavy industry is a similar structure: basic place is holding company Sabic ("Saudi Basic Industries Corp..") and 70% of capital belongs to the state.