Saudi Arabia aims to deploy 50 pct of investments in renewable, sustainable sources

Saudi Arabia aims to deploy 50 pct of investments in renewable, sustainable sources

Saudi Arabia aims to deploy 50 percent of its investments in renewable and sustainable power sources, the governor of the Kingdom’s Public Investment Fund (PIF) and Saudi Aramco chairman said during an FII Institute roundtable in New York.

“The Kingdom aims to deploy 50 percent of its investments in renewable and sustainable power sources, more than two-thirds from investment. We are one of the most efficient countries when it comes to sustainability and renewable energy,” said Yasir al-Rumayyan.

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Al-Rumayyan was speaking on Tuesday in New York during a Future Investment Initiative (FII) Institute “Health is Wealth” hybrid event held alongside the 76th session of the United Nations General Assembly (UNGA).

“Most of the Saudi population today is under the age of 35, and we really want to think about the future. You cannot separate health from economies and from sustainability. We focus on the future generations of Saudi Arabia,” the Aramco chairman said.

Al-Rumayyan also said that Saudi Arabia is one of the most efficient countries when it comes to sustainability and renewable energy.

“FII is committed to exploring the most urgent challenges facing the world today, with sustainable, renewable, and health-focused