Green Spaces in Saudi Arabia Increase by 9%

The General Authority for Statistics revealed the increasing size of green areas in Saudi Arabia. (Asharq Al-Awsat)
The General Authority for Statistics revealed the increasing size of green areas in Saudi Arabia. (Asharq Al-Awsat)
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Green Spaces in Saudi Arabia Increase by 9%

The General Authority for Statistics revealed the increasing size of green areas in Saudi Arabia. (Asharq Al-Awsat)
The General Authority for Statistics revealed the increasing size of green areas in Saudi Arabia. (Asharq Al-Awsat)

In line with the Green Saudi Arabia and Green Middle East initiatives launched by Saudi Crown Prince Mohammed bin Salman bin Abdulaziz, official statistics revealed on Thursday that the areas of green spaces, parks and gardens in the municipal sector have expanded by 9% during 2021 compared to the same period in 2020.

The General Authority for Statistics (GASTAT) said that land reserves expanded to reach 324,000 square kilometers in 2021, constituting 16% of the total area of Saudi Arabia.

This came after the Saudi government allocated 7 royal reserves in 2018 and 5 reserves in AlUla in 2019, while the area of marine reserves amounted to more than 12 square kilometers in 2021, GASTAT noted.

According to the statistics, the recycled industrial waste in Jubail and Yanbu amounted to 340,000 ton in 2021, recording an increase by 23% compared to 2020.

The Authority also noted that the recycled industrial waste constituted 62% of the amount of collected waste in Jubail and Yanbu in 2021.

The volume of the reused treated water amounted to 419 million cubic meters in 2021, GASTAT said, recording an increase by 24% compared to 2020. The percentage of the reused treated water in 2021 reached 22% of the total treated water.

The waste water treatment stations in 2021 have reached 133 stations, recording an increase by 15% compared to the same period in 2022.

Riyadh has the highest number of waste water treatment stations with 26 stations, followed by Asir with 20 stations, and the Eastern region (Al-Sharqiyah) with 19 stations, the report said.



Saudi Arabia’s One Planet Summit Charts Pathways for Climate Investment Decisions

Saudi Arabia is hosting the COP 16 in Riyadh. (Asharq Al-Awsat)
Saudi Arabia is hosting the COP 16 in Riyadh. (Asharq Al-Awsat)
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Saudi Arabia’s One Planet Summit Charts Pathways for Climate Investment Decisions

Saudi Arabia is hosting the COP 16 in Riyadh. (Asharq Al-Awsat)
Saudi Arabia is hosting the COP 16 in Riyadh. (Asharq Al-Awsat)

The 7th annual summit of the One Planet Sovereign Wealth Funds Working Group (OPSWF), held in Riyadh on Tuesday, outlined key pathways to enhance climate-aligned investment decisions and improve efficiency and impact within the global financial system.

Discussions focused on climate-relevant data, artificial intelligence, enabling technologies, transformative financing, clean hydrogen, green buildings, and renewable energy in emerging markets and developing economies.

Hosted by Saudi Arabia’s Public Investment Fund (PIF), the summit featured French President Emmanuel Macron, PIF Governor Yasir Al-Rumayyan, and over 100 CEOs, members of the OPSWF, and private equity and asset managers.

The meeting coincided with Saudi Arabia hosting major climate-related events, including the UNCCD COP16 (United Nations Convention to Combat Desertification), the Saudi Green Initiative Forum, and the One Water Summit, all taking place this December.

Discussions at the summit emphasized the vital role of sovereign wealth funds as global investment entities in addressing climate challenges, driving economic transformation, and achieving sustainable development. The participants explored opportunities to scale investments in renewable energy, expand green financing for hard-to-abate sectors, utilize AI for emissions reduction, and advance green building standards.

Yasir Al-Rumayyan highlighted the Saudi sovereign wealth fund’s commitment to integrating climate action into all its investment decisions. He reaffirmed PIF’s pledge to achieve net-zero emissions by 2050, aligning with Saudi Arabia’s broader goals. Renewable energy remains a top priority for PIF’s investment strategy to achieve this target, he emphasized.

He also noted PIF’s efforts to localize renewable energy industries and produce clean hydrogen, with the fund responsible for developing 70% of Saudi Arabia’s renewable energy capacity.

Al-Rumayyan also said that PIF continues to collaborate with the OPSWF to develop a comprehensive and inclusive investment approach to achieving net-zero emissions.