Saudi Arabia’s Vision 2030 for green efforts in environmental projects has attracted the attention of British investors, who are particularly interested in the country’s renewable energy sector and sustainable infrastructure.
The Saudi Press Agency said that prospects within the Kingdom’s top five projects—NEOM, Qiddiya, the Red Sea Project, ROSHN, and Diriyah—were highlighted at the UK-Saudi Sustainable Infrastructure Summit in London on June 24.
These programs are a component of the Kingdom’s larger commitment to lofty climate targets, which include a 278 million-tonne yearly reduction in carbon emissions by 2030 and a 50% increase in the capacity of renewable energy generation.
Over 250 leaders from both nations’ financial and industry sectors attended the summit, which was organized by the Saudi British Business Council in partnership with the Saudi Chambers of Commerce and the City of London Corporation. Notably, prominent figures from these mega-projects were also there.
To attain net-zero emissions, the event also heavily emphasized financing and green technologies.
The importance of Saudi-British collaboration in developing sustainable infrastructure, moving toward net-zero emissions, closing investment gaps, and the function of public-private partnerships were the main topics of discussion.
It also highlighted creative finance strategies, such as sustainability-linked loans and green bonds, as well as astute urban planning to carry out large-scale initiatives utilizing cutting-edge low-carbon technologies and meet sustainability targets.
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