The Riyadh Sustainability Strategy announced by Saudi Crown Prince Mohammed bin Salman launched over 68 ambitious sustainability initiatives covering five sectors: climate, energy production and efficiency, air quality, and water management.
CEO of the Royal Commission for Riyadh City Fahd al-Rasheed said the plan seeks to reduce carbon emissions and increase the share of renewable energy to 50 percent by 2030.
The plan also aims to improve waste management in the city by ensuring that "100% of our waste is used, recycled, recovered, and of course, reused."
It will inject $92 billion in sustainable initiatives and projects for the city and stimulate the private sector with investment opportunities.
Speaking at the Saudi Green Initiative forum, Rasheed said that environmental sustainability initiatives include investing $8 billion for water treatment and $15 billion for waste management projects to recycle waste as raw materials, reuse and convert it into energy by 94 percent.
Rasheed explained that the strategy would save the city's economy between $11 to $17.3 billion due to raising the efficiency of infrastructure, reducing energy and water consumption, and reducing the health bill on improved public health.
"We will increase the share of public transport in the city from 5 percent to 20 percent," he indicated, adding that the government is working to ensure that 30 percent of all vehicles in the capital will be powered by electricity by 2030.
