Saudi Environment Ministry Announces Recycling Plan, Boosting GDP by SR120 Bn

Saudi Arabia was able to preserve more than 90,000 hectares and plant 50 million trees (Asharq Al-Awsat)
Saudi Arabia was able to preserve more than 90,000 hectares and plant 50 million trees (Asharq Al-Awsat)
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Saudi Environment Ministry Announces Recycling Plan, Boosting GDP by SR120 Bn

Saudi Arabia was able to preserve more than 90,000 hectares and plant 50 million trees (Asharq Al-Awsat)
Saudi Arabia was able to preserve more than 90,000 hectares and plant 50 million trees (Asharq Al-Awsat)

The Saudi Ministry of Environment, Water, and Agriculture (MEWA) revealed a plan to develop the waste sector in the Kingdom which includes a 95% recycling target.
The plan will contribute approximately SR120 billion to the gross domestic product.
The Ministry's annual report for 2023 stated its goal of sustainability through recycling 100 million tons annually and creating over 100,000 jobs, aligning with Saudi Vision 2030.
The report highlighted efforts towards sustainable development goals, including the National Environmental Strategy, which has over 65 initiatives and an investment of over SAR 55 billion.
Saudi Arabia's waste management recycling rate stands currently at 3-4%, the world's lowest, which the Ministry aims to increase to 95%.
It acknowledges the existence of hazardous wastes, like medical waste, needing scientific management to ensure public safety.
The Ministry has also been able to preserve 90,000 hectares and has planted over 50 million trees, boosting community awareness and environmental compliance.
Efforts to monitor environmental compliance contributed to raising the level of quality of life.
The report noted that the Kingdom's Dust Storm Center recorded the lowest dust storms, just 10%. This success is attributed to numerous reserves, increased rainfall, cloud seeding, and the planting of nearly 50 million trees nationwide.



Albudaiwi: Advantage Oman Forum Offers Valuable Investment Insights

Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi
Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi
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Albudaiwi: Advantage Oman Forum Offers Valuable Investment Insights

Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi
Gulf Cooperation Council (GCC) Secretary-General Jasem Albudaiwi

Secretary-General of the Gulf Cooperation Council (GCC) Jasem Mohamed Albudaiwi said that the Advantage Oman Forum is a valuable opportunity offered by Oman to discuss and review investment opportunities and initiatives, as well as future transformations in promising sectors in this field.
This came during Albudaiwi's participation in the first edition of the Advantage Oman Forum, which was held under the patronage and attendance of Omani Deputy Prime Minister for Defense Affairs Sayyid Shihab bin Tarik Al Said, and in the presence of a number of ministers of the GCC countries, Sunday in Muscat. A group of senior officials and decision-makers participated in the forum, SPA reported.
The Secretary-General stated that Oman's Organisation of this forum reflects the insightful vision of the wise Omani leadership to strengthen the national economy and attract global investments, thus contributing to achieving sustainable development goals. He also praised the forum's activities and the workshops as well as the dialogue sessions it included, which provide the elements of success and sustainability for this forum, making it a regional and international platform and a destination for those interested in economic and investment affairs in Oman.
Furthermore, Albudaiwi added that Oman, with its attractive investment environment, advanced infrastructure, well-thought-out economic policies and significant economic, in addition to investment growth indicators, has become a destination for investors from around the world, stressing that this strengthens its position as a key pillar in the economies of the GCC countries and supports the council's aspirations for regional economic integration.
The Secretary-General concluded his statement by expressing his confidence that the forum will achieve positive results that will contribute to expanding the horizons of economic and investment cooperation between the GCC countries and the world, and support the comprehensive development process in the region.