Sustainability
![Saudi Arabia, U.K. explore opportunities in sustainable city development, green energy](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/U.K.-Saudi-Arabia.jpg/w=1024,h=683)
Saudi Arabia's Ambassador to the U.K. highlighs the growth of debt markets and insurance companies across the Kingdom
![Saudi Arabia signs $83 million loan deal with El Salvador for water treatment, energy generation](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/Saudi-Fund-El-Salvador.jpg/w=1024,h=683)
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](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/Saudi-EV2.jpg/w=1024,h=683)
Currently, around 70 percent of the country's population have expressed moderate to strong interest in owning BEVsÂ
![Saudi NEOM’s $8.4 billion largest green hydrogen plant solidifies Kingdom’s sustainable future](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/06/NEOM.jpeg/w=1024,h=683)
The plant is set to provide clean energy on a large scale globally, marking a major milestone in sustainable energy production
![Saudi Arabia’s Aramco inks three agreements with U.S. companies for lower-carbon energy solutions](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/05/Aramco-U.S.-Companies.jpg/w=1024,h=683)
Agreements align with Aramco's ambition to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions
![Saudi Arabia allocates $2.5 billion to Middle East Green Initiative](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/05/Saudi-Middle-East-Green-Initiative.jpg/w=1024,h=683)
Central to Saudi Arabia’s strategy for addressing climate change is the implementation of afforestation programs
![First Saudi Green Initiative Day: Celebrating the Kingdom’s commitment to sustainability](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/03/Saudi-Green-Day-2-1.webp/w=1024,h=683)
The occasion coincides with the initial launch of the Saudi Green Initiative on the same date in 2021
![Saudi Arabia launches clean diesel, Euro-5 gasoline in local markets](https://economysaudiarabia.com/cdn-cgi/imagedelivery/Xfg_b7GtigYi5mxeAzkt9w/economysaudiarabia.com/2024/02/Saudi-clean-diesel-gasoline.jpg/w=1024,h=683)