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Sustainability
Economy
Saudi Arabia’s non-oil economy to grow 4.4 percent in 2025 amid projects boom: Report
IMF expects 3.5 percent non-oil growth for the full year of 2024, similar to the official estimate of 3.4 percent
Saudi Arabia
Saudi Arabia plants over 95 million trees since launch of green initiative
Saudi Arabia has so far recorded 7.1 million cases of natural vegetation regeneration
Saudi Arabia
NEOM Green Hydrogen Company launches vocational training program in Saudi Arabia
Partnership aligns with Saudi Arabia's Vision 2030 objective of becoming a global leader in renewable energy and sustainable development
Banking & Finance
ACWA Power secures $2.58 billion for three major solar projects in Saudi Arabia
This funding will support the development, design, construction, and operation of the projects
Banking & Finance
New business park with $1 billion investment aims to transform Saudi’s Boulevard City
 The park features 60,000 sqm of creative spaces, nine innovative office buildings
Energy
ACWA Power launches commercial operations at Saudi Arabia’s 700 MW Ar Rass solar project
ACWA Power expects the project's financial impact to be reflected during the second half of 2024 onwards
Saudi Arabia
Saudi Arabia, U.K. explore opportunities in sustainable city development, green energy
Saudi Arabia's Ambassador to the U.K. highlighs the growth of debt markets and insurance companies across the Kingdom
Saudi Arabia
Saudi Arabia leads water sustainability by doubling desalinated water production
Close to 60 percent of the Kingdom’s water came from desalination in 2019
Saudi Arabia
Saudi Arabia signs $83 million loan deal with El Salvador for water treatment, energy generation
Project to benefit over 1.2 million people and significantly increase El Salvador’s renewable energy capacity
Saudi Arabia
Saudi drivers poised for 85 percent battery-electric vehicles adoption by 2035: Study
Currently, around 70 percent of the country's population have expressed moderate to strong interest in owning BEVsÂ
Saudi Arabia
Saudi NEOM’s $8.4 billion largest green hydrogen plant solidifies Kingdom’s sustainable future
The plant is set to provide clean energy on a large scale globally, marking a major milestone in sustainable energy production
Saudi Arabia
Lucid and EVIQ collaborate to establish high-speed EV charging infrastructure in Saudi Arabia
The move will facilitate easier access to charging solutions and support the wider adoption of EVs
Saudi Arabia
Saudi Arabia signs 1,100MW wind power deals with Japanese consortium
This comes as part of Round 4 of the Saudi National Renewable Energy Program (NREP)
Saudi Arabia
Saudi Arabia’s Aramco inks three agreements with U.S. companies for lower-carbon energy solutions
Agreements align with Aramco's ambition to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions
Saudi Arabia
Saudi Arabia, U.S. forge roadmap for cooperation in energy with focus on sustainability
Roadmap builds on the 2022 Partnership for Advancing Clean Energy Agreement
Saudi Arabia
Saudi Arabia allocates $2.5 billion to Middle East Green Initiative
Central to Saudi Arabia’s strategy for addressing climate change is the implementation of afforestation programs
Saudi Arabia
Saudi Arabia, Mauritania to cooperate in electricity, renewable energy, and clean hydrogen
The deal aims to enhance electricity system reliability through knowledge exchange and partnership
Saudi Arabia
Saudi Arabia’s ACWA Power seeks to invest $10 billion in Malaysia’s renewable energy sector
Collaboration to power up green data centers in Malaysia's industrial parks
Interviews
Bain & Company on hitting sustainability goals, overcoming challenges and leveraging opportunities
70 percent of MENA organizations have clear targets, Bain & Company Middle East reveals
Saudi Arabia
Saudi Arabia introduces green financing framework to drive sustainability
Framework reaffirms Saudi Arabia's position as a regional leader in sustainable finance
Saudi Arabia
First Saudi Green Initiative Day: Celebrating the Kingdom’s commitment to sustainability
The occasion coincides with the initial launch of the Saudi Green Initiative on the same date in 2021
Saudi Arabia
Lucid secures $1 billion investment from Saudi Arabia’s PIF, boosting shares by 18 percent
The Saudi government currently holds a 60 percent stake in Lucid
Saudi Arabia
Saudi Arabia, Kazakhstan collaborate to approve executive program in fields of renewable energy and innovation
The program contributes to supporting Kazakhstan's efforts to achieve emissions reduction targets
Saudi Arabia
Saudi Arabia launches clean diesel, Euro-5 gasoline in local markets
The move solidifies the Kingdom's position as a leader in sustainable efforts within the Middle East and North Africa region
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