‘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-European Partnership Launched between SIDF Investment and Investindustrial  

Officials at the signing ceremony between SIDF Investment Company and Investindustrial Group. (SIDF Investment Company) 
Officials at the signing ceremony between SIDF Investment Company and Investindustrial Group. (SIDF Investment Company) 
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Saudi-European Partnership Launched between SIDF Investment and Investindustrial  

Officials at the signing ceremony between SIDF Investment Company and Investindustrial Group. (SIDF Investment Company) 
Officials at the signing ceremony between SIDF Investment Company and Investindustrial Group. (SIDF Investment Company) 

In a significant step toward strengthening Saudi Arabia’s industrial capabilities, SIDF Investment Co., the financial arm of the Saudi Industrial Development Fund, signed a strategic partnership agreement with European private equity firm Investindustrial on Tuesday.

The alliance aims to attract global institutional capital and advanced industrial expertise to the Kingdom, reinforcing its position as a regional hub for high-value-added manufacturing.

Fahad Al-Naeem, CEO of SIDF Investment Co., described the agreement as a pivotal new chapter in the firm’s investment strategy.

“This partnership with Investindustrial is designed to connect niche industrial specializations and operational know-how with global markets,” he said. “It will support Saudi Arabia’s industrial ecosystem and empower the Kingdom to become both a regional and international platform for manufacturing growth.”

Al-Naeem added that SIDF Investment would leverage its deep local market knowledge to smooth the entry of global manufacturers into Saudi Arabia and integrate them into international supply chains.

Investindustrial Chairman Andrea Bonomi expressed confidence in the alignment between the firm’s investment portfolio and Saudi Arabia’s Vision 2030 goals. “Many of our investments are well positioned to support the Kingdom’s strategic ambitions, creating long-term partnerships and delivering sustainable value,” he said.

The agreement was signed in the presence of Prince Sultan bin Khalid bin Faisal, Vice Chairman of SIDF Investment Company, and Italy’s Ambassador to Saudi Arabia Carlo Baldocci.

According to the Saudi Press Agency (SPA), Investindustrial currently manages more than $19 billion in assets and operates across eight global offices. The firm specializes in medium-sized companies, focusing on sustainable value creation and international expansion.

This partnership reinforces the objectives of Saudi Arabia’s National Industrial Strategy and Vision 2030, both of which seek to position the Kingdom as a global center for advanced manufacturing and integrated supply chains.

The collaboration will focus on joint investments to localize advanced industries within the Kingdom, while enabling Saudi small and medium enterprises (SMEs) to tap into global value chains managed by Investindustrial.

Key sectors targeted by the agreement include machinery and equipment, automation, medical devices, food production, and sustainable consumer goods. The goal is to maximize local added value, stimulate innovation, and enhance competitiveness across the Saudi industrial landscape.

This move is expected to accelerate industrial transformation in the Kingdom, paving the way for increased foreign investment, job creation, and greater integration with international markets.