Over SAR6 Bln to Be Invested in Environmental Compliance Projects in Saudi Arabia until 2030

Saudi Vice Minister of Environment, Water and Agriculture Eng. Mansour Al Mushaiti speaks at the event in Riyadh. (SPA)
Saudi Vice Minister of Environment, Water and Agriculture Eng. Mansour Al Mushaiti speaks at the event in Riyadh. (SPA)
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Over SAR6 Bln to Be Invested in Environmental Compliance Projects in Saudi Arabia until 2030

Saudi Vice Minister of Environment, Water and Agriculture Eng. Mansour Al Mushaiti speaks at the event in Riyadh. (SPA)
Saudi Vice Minister of Environment, Water and Agriculture Eng. Mansour Al Mushaiti speaks at the event in Riyadh. (SPA)

Saudi Vice Minister of Environment, Water and Agriculture Eng. Mansour Al Mushaiti said on Monday over SAR6 billion will have been invested in environmental compliance projects in Saudi Arabia by the end of 2030.

He made his remarks at the inaugural two-day Environmental Compliance Forum in Riyadh that ended on Monday.

Al Mushaiti stressed that the environment is closely related to the economy, community health and quality of life, and as such, it is one of the priority areas of the wise leadership, whose support contributed to an “unprecedented development of the environment, water and agriculture sectors” in line with the Kingdom's Vision 2030.

He said the Ministry of Environment, Water and Agriculture started to draw up the National Environment Strategy in 2016, and “through practical steps and practices, provided sustainable solutions, with the participation of the private sector, which played a crucial part in achieving many environment-friendly development goals”.

He added that the current forum sought to stress the importance of cooperation to create a sustainable environment that contributes to preserving natural resources, boosting the quality of life and improving the services provided to individuals.

According to a 2014 study by the World Bank, the cost of environmental degradation exceeded SAR86 billion, he noted.

Protecting the environment, he stressed, is crucial to ensuring environment, food and water security, and to progressing and achieving economic prosperity.

Al Mushaiti also highlighted Saudi Arabia’s “remarkable strides” in protecting the environment, preserving natural resources and achieving progress in global indicators.



Saudi Energy Minister Emphasizes Importance of Balancing Growth, Energy Security

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz. Photo: Energy Ministry account on X
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz. Photo: Energy Ministry account on X
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Saudi Energy Minister Emphasizes Importance of Balancing Growth, Energy Security

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz. Photo: Energy Ministry account on X
Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz. Photo: Energy Ministry account on X

Saudi Minister of Energy Prince Abdulaziz bin Salman bin Abdulaziz participated in the Energy Transitions Working Group meetings, the 15th Clean Energy Ministerial and the 9th Mission Innovation Ministerial, held this week in Foz do Iguacu, Brazil, where he emphasized the importance of balancing economic growth and energy security.
The meetings focused on sustainable energy policies and equitable energy transitions within G20 efforts to enhance international cooperation aimed at achieving environmental sustainability and supporting innovations in clean energy technologies.
Prince Abdulaziz emphasized the importance of balancing economic growth, energy security, and climate change mitigation. He highlighted the Kingdom's leadership in Carbon Capture, Utilization, and Storage (CCUS) technologies, as well as its commitment to leading by example in leveraging circular carbon economy technologies, and affirmed the Kingdom's ambition to become a global leader in the production and export of clean energy.
Prince Abdulaziz also outlined Saudi Arabia's efforts to increase its renewable energy capacity, which is expected to reach approximately 44 gigawatts by the end of 2024, and touched upon the establishment of a hydrogen production hub in Ras Al Khair Industrial City, along with a major carbon capture and storage project, which will have a capacity of 9 million tons annually by 2027.