‘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.



IMF Projects Pessimistic Outlook on MENA Economies

Traffic moves during a sandstorm in Doha on April 15, 2025. (AFP)
Traffic moves during a sandstorm in Doha on April 15, 2025. (AFP)
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IMF Projects Pessimistic Outlook on MENA Economies

Traffic moves during a sandstorm in Doha on April 15, 2025. (AFP)
Traffic moves during a sandstorm in Doha on April 15, 2025. (AFP)

The International Monetary Fund (IMF) on Tuesday gave a pessimistic outlook for economic growth in the Middle East and North Africa (MENA) for the next two years, the second similar projection in a row in 2025.

The IMF released an update to its World Economic Outlook compiled in just 10 days after US President Donald Trump announced universal tariffs on nearly all trading partners and higher rates - currently suspended - on many countries.

Across the broader MENA region, the IMF anticipated economic growth to average 2.6% in 2025, before climbing to 3.4% in 2026, representing a decrease by around 0.9 percentage points and 0.5 percentage points compared to previous forecasts.

The IMF had downgraded its growth forecast for the region last January from its October projection. According to figures from the fund, the region's economy grew by 1.8% last year.

Within MENA, IMF projected oil exporters including Saudi Arabia, the UAE, Iraq, Algeria and Qatar, to witness a 2.6% growth this year and 3.1% next year.

In return, in oil-importing nations such as Egypt, Jordan, Morocco and Tunisia, economies are projected to grow to 3.6% in 2025 and to 4.1% in 2026.

The Fund said futures markets indicate that oil prices will average $66.9 per barrel in 2025, a 15.5% decline, before falling to $62.4 in 2026.

The IMF cut the forecast for Saudi Arabia's GDP growth in 2025 to 3% versus a January estimate of a 3.3% increase. IMF also reduced the projection for growth in 2026 by 0.4 percentage point to 3.7%.

In Iraq, the IMF expected a modest rebound in 2026, with growth forecast at 1.4%. This marks a steep downgrade from October 2024, when it had projected 4.1% growth for Iraq in 2025.

In Egypt, it saw growth coming in at a 3.8% y-o-y clip this fiscal year, up 0.2 percentage points from its January forecast.

In Morocco, IMF said the economy could grow by 3.9% in 2025 and maintain steady momentum with 3.7% the following year.