Sustainability

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 plants over 95 million trees since launch of green initiative

Saudi Arabia has so far recorded 7.1 million cases of natural vegetation regeneration

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

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

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

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, 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 leads water sustainability by doubling desalinated water production

Close to 60 percent of the Kingdom’s water came from desalination in 2019

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 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 BEVs 

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

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 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’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, 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 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, 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’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

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 introduces green financing framework to drive sustainability

Framework reaffirms Saudi Arabia's position as a regional leader in sustainable finance

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, 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 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