‘Saudi Green Initiative’ to Integrate All Environmental Projects

One of the mountainous areas located in the south of the Kingdom of Saudi Arabia (Asharq Al-Awsat)
One of the mountainous areas located in the south of the Kingdom of Saudi Arabia (Asharq Al-Awsat)
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‘Saudi Green Initiative’ to Integrate All Environmental Projects

One of the mountainous areas located in the south of the Kingdom of Saudi Arabia (Asharq Al-Awsat)
One of the mountainous areas located in the south of the Kingdom of Saudi Arabia (Asharq Al-Awsat)

Saudi Arabia plans to integrate all existing environmental projects and programs from the public, private, and non-profit sectors into the “Saudi Green Initiative,” sources told Asharq Al-Awsat.
This effort aims to meet the Kingdom’s environmental goals.
The Saudi Green Initiative, launched by Crown Prince and Prime Minister Mohammed bin Salman in March 2021, aims to support global climate goals and help Saudi Arabia achieve net-zero emissions by 2060 through a circular carbon economy.
The government has directed relevant committees to catalog existing environmental projects that could support the initiative’s goals and integrate them based on set criteria.
All sectors have been asked to report past tree-planting activities to the national afforestation program.
Saudi Arabia aims to plant 10 billion trees, rehabilitating 74 million hectares of degraded land. This effort seeks to restore ecological functions, improve air quality, reduce sandstorms, preserve biodiversity, and combat desertification.
Since its launch, the initiative has planted 43.9 million trees and rehabilitated 94,000 hectares of land.
This progress supports the goal of planting 10 billion trees over the coming decades.
Over 40 ongoing projects aim to plant more than 600 million trees and rehabilitate 8 million hectares of land by 2030.
In October 2023, a detailed two-year feasibility study was revealed, aimed at enhancing vegetation nationwide with over 1,150 field surveys conducted with expert collaboration.
Tree planting and land rehabilitation projects will begin in various locations, including mangroves, wetlands, mountain forests, grasslands, national parks, and valleys.
The plan will be executed in two phases: the first, lasting until the end of the decade, will focus on nature-based rehabilitation; the second, starting in 2030, will use a comprehensive approach, applying lessons from the first phase.
Rehabilitation efforts will create jobs, combat desertification, reduce sandstorm impacts, and improve the quality of life for residents.
Urban areas will benefit from increased tree density, helping to lower temperatures and improve air quality.



Saudi Arabia Eyes Asian Investments via Shenzhen, Shanghai

Group photo of the listing (Asharq Al-Awsat)
Group photo of the listing (Asharq Al-Awsat)
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Saudi Arabia Eyes Asian Investments via Shenzhen, Shanghai

Group photo of the listing (Asharq Al-Awsat)
Group photo of the listing (Asharq Al-Awsat)

The Saudi financial market has undergone a significant transformation since the launch of Saudi Vision 2030.
The initiatives, programs, and regulatory reforms associated with Vision 2030 have encouraged international investors, index providers, and financial institutions to join the Saudi market.
The Public Investment Fund (PIF) has worked to achieve the objectives of Saudi Vision 2030 by implementing mechanisms that enhance the pace of attracting foreign investments to the Kingdom.
This includes stimulating international investors, particularly Asian investors, to invest in the Saudi financial market. One notable development is the listing of the first batch of exchange-traded funds (ETFs) in the Saudi market, such as the Saudi China Southern CSOP Fund and the Saudi Huatai-PineBridge CSOP Fund on the Shenzhen and Shanghai stock exchanges in China.
During the announcement of the listing on the Shenzhen Stock Exchange, PIF Governor Al-Rumayyan Yasir stressed that these listings are an important step toward enhancing communication among the financial markets of Saudi Arabia and China.
They will provide Asian investors with the opportunity to access the Saudi financial market and observe its sustainable growth driven by the Kingdom's economic transformation.
These two new funds are part of the first batch of ETFs in China capable of investing in the Saudi financial market.
They rely on the model known as listed ETFs, which allow investors to track the FTSE Saudi Arabia Index and invest in the largest market in the Middle East.
This enables investors to gain greater access to one of the fastest-growing and most strategic markets in the world and observe the performance of 56 leading large and medium-cap companies listed on the Saudi stock exchange (Tadawul).
The new listing comes as part of the efforts initiated by the PIF to enhance investment flows into the Saudi Arabian capital market.
During the announcement of the listing process on the Shenzhen Stock Exchange, Al-Rumayyan emphasized that the listing operations are an important step toward enhancing communication between the financial markets in Saudi Arabia and China.
He added that these operations will provide Asian investors with the opportunity to access the Saudi Arabian capital market and observe its sustainable growth driven by the economic transformation in the Kingdom.