KSA Business: Saudi Arabia announces $186bn green initiative strategy – Gulf Digital News

KSA Business: Saudi Arabia announces $186bn green initiative strategy – Gulf Digital News

Saudi Arabia has announced a SR700 billion ($186.63 billion) investment in developing a green economy and is spearheading a region-wide initiative to combat climate change and reduce carbon emissions.

 

The kingdom will plant 450 million trees and rehabilitate 8 million hectares of degraded lands by 2030 as part of the first set of Saudi Green Initiative (SGI) strategies announced by Saudi Arabia’s Crown Prince, Deputy Prime Minister and Supreme Committee for Green Saudi Arabia chairman HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud yesterday (October 23).

 

Prince Mohammed later unveiled the regional road map to protect the environment under the kingdom's first-ever SGI. 

 

Riyadh will host a wider Middle East Green Initiative starting tomorrow, which, together with the Saudi Green Initiative, will include the plantation of 50 billion trees in the region, the protection of marine and coastal environments and the generation of 50 per cent of Saudi Arabia’s energy from renewable sources.

 

Leaders from all around the world are expected to take part in the Middle East Green Initiative, including an American delegation led by the US climate envoy John Kerry and Pakistani Prime Minister Imran Khan.

 

The initiatives come at the heels of Bahrain’s nationwide campaign to plant more than 50,000 trees