Mohammed bin Salman Reveals 2 Climate Initiatives Worth 39 Bln Riyals, Saudi Arabia to Contribute 15% of Funding

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense. (SPA)
Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense. (SPA)
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Mohammed bin Salman Reveals 2 Climate Initiatives Worth 39 Bln Riyals, Saudi Arabia to Contribute 15% of Funding

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense. (SPA)
Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense. (SPA)

Saudi Crown Prince Mohammed bin Salman, Deputy Prime Minister and Minister of Defense, launched the Middle East Green Initiative on Monday which he said aimed to invest 39 billion riyals ($10.4 billion) to reduce carbon emissions in the region and protect the environment.

Speaking at the inaugural Middle East Green Initiative Summit, he said: “We gather today at this summit to join forces and coordinate our efforts to protect the environment, confront climate change, and develop a roadmap towards reducing carbon emissions in the region by more than 10% of global contribution, and plant 50 billion trees in the region, though the largest tree-planting program globally. This will contribute to achieving 5% of the global target for afforestation.”

“Today, in the first edition of this summit, we aim to work together to develop a regional roadmap and a framework to enable the achievement of these ambitious targets,” he added.

“The Kingdom of Saudi Arabia believes that traditional energy sources were the primary reason for the transformation underwent by the regional and global countries from traditional agricultural economies to globally active economies and the catalyst towards the fastest economic growth ever known to mankind,” he continued.

“Today, we are ushering in a new green era for the region in which we are collectively leading and reaping its fruits in our joint belief that the effects of climate change are not limited to the natural environment only, but also to the economy and security of our nations,” he stressed.

“Despite that, we believe that climate change is an economic opportunity for our citizens and the private sector, which stimulated by the Middle East Green Initiative, will create quality jobs and encourage innovation in the region,” stated Crown Prince Mohammed.

“There are gaps in the regional climate action system and through coordinating regional efforts and sharing experiences and technologies, we can accelerate achievements in our initiatives,” he remarked.

“To enable this, the Kingdom announces that it will establish a Cooperative Platform to implement the concepts of Circular Carbon Economy (CCE), establish a regional hub for climate change, develop a regional center for Carbon Capture, Utilization, and Storage (CCUS), a regional center for early warning of storms; a regional center for sustainable development of fisheries; and a regional cloud seeding program,” he revealed.

“These centers and programs will play a major role in establishing the necessary infrastructure to protect the environment, reduce emissions and raise the level of regional coordination,” he added.

“In continuation of the Kingdom’s leading role in the development of global energy markets, we announce the establishment of a fund to invest in Carbon Circular Economy technology solutions for the region, in addition to a regional initiative that contributes to providing solutions for ‘clean’ energy sources for cooking to more than 750 million people in the world,” he continued.

“These two initiatives are valued at roughly 39 billion riyals, and the Kingdom will contribute to roughly 15% in funding that. We will also work with countries and regional and global development banks to discuss funding and execution solutions to these initiatives,” he went on to say.

“As we are keen to raise the level of coordination, we announce the establishment of the Green Initiative Foundation, as a non-profit organization to support the agenda of the summit.”

“Facing climate change requires us to jointly work towards developing advanced technologies and creating the appropriate environment to finance them, preserving our region’s natural treasures, and strengthening our cooperation,” stressed Crown Prince Mohammed.



Bilateral Consultations Boost Coordination Between Riyadh, Washington

The Saudi Foreign Minister’s official US visit caps week of high-level coordination between the two countries (Saudi Foreign Ministry)
The Saudi Foreign Minister’s official US visit caps week of high-level coordination between the two countries (Saudi Foreign Ministry)
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Bilateral Consultations Boost Coordination Between Riyadh, Washington

The Saudi Foreign Minister’s official US visit caps week of high-level coordination between the two countries (Saudi Foreign Ministry)
The Saudi Foreign Minister’s official US visit caps week of high-level coordination between the two countries (Saudi Foreign Ministry)

Saudi-US coordination has seen a notable uptick in recent days, with five rounds of bilateral consultations held over the span of a week. The talks, which covered political, defense, and security issues, as well as regional and international developments, reflect deepening engagement between the two allies.

The surge in activity comes amid growing momentum in the relationship, with Riyadh hosting multiple American delegations in recent weeks, including repeated visits by the US Secretary of State.

The heightened diplomatic exchange also precedes a planned visit by US President Donald Trump to Saudi Arabia in May — his first overseas trip during his second term in office.

As part of this intensified coordination, US Central Command chief Gen. Erik Kurilla conducted a five-day tour of the region from April 1 to 5, visiting five countries. He spent two days in Saudi Arabia, where he met with Saudi Chief of General Staff Gen. Fayyad Al-Ruwaili late last week.

Kurilla, Al-Ruwayli, and the other leaders discussed shared security concerns, the importance of joint readiness and interoperability, and their mutual commitment to addressing regional threats, according to a statement released by USCENTCOM.

Earlier this week, Vice Minister of Foreign Affairs Waleed Elkhereiji met with Chargé d'Affaires ad interim of the US to the Kingdom Alison Dilworth at the Ministry of Foreign Affairs in Riyadh.

According to the Saudi Foreign Ministry, the two officials reviewed bilateral relations and discussed key regional and international developments, along with efforts to address them.

Saudi Minister of Defense Prince Khalid bin Salman also received a phone call from US Secretary of Defense Pete Hegseth on Monday.
They discussed defense cooperation between the two countries.

They also spoke about regional developments and shared efforts to enhance security and stability in the region and beyond.
The two officials reviewed the state of Saudi-US defense ties and explored prospects for deeper cooperation, according to a readout of the call.

Pentagon spokesperson Sean Parnell said in a statement that the defense chiefs discussed the regional security landscape, including progress in US operations aimed at degrading Houthi capabilities and ensuring freedom of navigation in the Red Sea.

Both sides also discussed opportunities to expand the US-Saudi partnership in defense affairs and agreed to maintain close communication going forward.

Saudi Foreign Minister Prince Faisal bin Farhan arrived in Washington on an official visit, where he met US Secretary of State Marco Rubio on Wednesday at the State Department.

The two top diplomats discussed developments in Gaza, Sudan, Yemen, and the Russia-Ukraine war, exchanging views on ways to support international peace and security. They also explored options to strengthen coordination and cooperation on regional and global issues of mutual concern.

The talks also focused on the strategic ties between the two countries and opportunities to deepen them across various sectors.

In a statement, State Department spokesperson Tammy Bruce said Rubio thanked Saudi Arabia for its efforts to help mediate peace between Russia and Ukraine, bolster economic and defense cooperation, counter Houthi threats in the region, and restore freedom of navigation in the Red Sea.

Bruce added that the ministers also discussed diplomatic efforts aimed at securing the release of hostages in Gaza and achieving a permanent ceasefire that includes the full disarmament of Hamas and dismantling of its authority.

The statement said Prince Faisal and Rubio agreed on the need for Sudan’s armed forces and the Rapid Support Forces to resume peace talks, protect civilians, open humanitarian corridors, and return to civilian rule.

According to Ahmed Al-Ibrahim, an expert in US and international affairs, Saudi-US coordination is currently experiencing one of its strongest phases.

He told Asharq Al-Awsat that global and regional dynamics are pushing both sides to intensify consultation and cooperation - a trend reflected in five rounds of talks held in less than a week.

Al-Ibrahim said the heightened level of coordination underscores Saudi Arabia’s strategic importance to both regional and global peace and security, as well as to Washington’s foreign policy priorities.

Key issues such as freedom of navigation in the Red Sea, the war in Gaza, Sudan, and developments in Syria and Lebanon, highlight Riyadh’s central role, he noted.

He added that two of the most pressing US foreign policy challenges - the war in Gaza and the conflict in Ukraine - are seeing significant Saudi engagement.

Riyadh, he said, has been actively advocating for a ceasefire in Gaza and has taken a leading role in hosting and supporting peace talks related to the Ukraine war, along with broader Russian-American relations.