KSA Business: Saudi Arabia plans $92bn sustainability projects for Riyadh – Gulf Digital News

KSA Business: Saudi Arabia plans $92bn sustainability projects for Riyadh – Gulf Digital News

Royal Commission for Riyadh City (RCRC) has announced its new sustainability strategy for the Saudi capital which includes 68 ambitious initiatives and projects across five sectors: energy and climate change, air quality, water management, waste management, biodiversity, and natural areas.

 

HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister, Chairman of the Board of Directors of RCRC had on Saturday (October 23) launched the Riyadh Sustainability Strategy at the Saudi Green Initiative Forum, among global experts and industry leaders to address the environmental challenges that the city and region are facing.

 

"We are determined to transform Riyadh into one of the most sustainable cities in the world," he stated.

 

Riyadh Sustainability Strategy will see carbon emissions in the city reduced by 50 per cent. In addition, there will be SR346 billion ($92 billion) invested in sustainability initiatives and projects, stimulating the private sector, he added.

 

RCRC Chief Executive Officer Fahd Al Rasheed emphasised the efficient management of natural resources, referring to an investment of SR30 billion ($8 billion) to increase the use of treated water for irrigation in Riyadh from 11% to 100%. 

 

This will ensure every drop used is recycled, making the capital’s water consumption more sustainable. 

The plans also