Saudi Green Initiative to be launched in November

14/06/22

Saudi Arabia will launch the Saudi Green Initiative in November as the Kingdom continues its journey towards a sustainable future.

Sustainability is at the heart of the Saudi Vision 2030 as the Kingdom intends to reach net zero by 2060. The initiatives will aim for reduction of desertification and ways to boost biodiversity, improving quality of life and mental well-being as a result.

The Saudi Green Initiative looks towards a cleaner and more sustainable future and will consider input from several scientific and research bodies as well as companies which comprise over 60 experts on soil, water, climate change and desertification.

Furthermore, a global International Business Management (IBM) Institute for Business Value (IBV) study revealed that sustainability is gaining prominence on corporate agendas. Figures show that 62% of surveyed CEOs in Saudi Arabia believe increasing sustainability is a top priority. These figures are 14% higher than the global average.

IBM’s study - Own your impact: Practical pathways to transformational sustainability - covered over 60 CEOs in Saudi Arabia. More than 50% of them are confident of achieving their sustainability goals with 28% in the implementation stage of their strategy. 52% of them say they are partly implementing their strategies.

Conversely, more than 60% of surveyed CEOs in Saudi Arabia cite sustainability among their greatest short-term challenges. Figures show 60% list unclear return of investment (ROI) and economic benefits as a leading challenge. In addition, 53% of the respondents worry about a lack of insight from data and 45% are concerned about technological barriers.

Business Start Up Saudi Arabia has a network of subject matter experts and specialists to assist with activities throughout the lifecycle of a business in the Kingdom of Saudi Arabia. The activities include Market Research & Assessment Saudi Arabia, Saudi Arabia Business Case, Saudi Arabia Business Model Development, Feasibility Study / Business Plan Saudi Arabia, Organizational & Operational Structuring Saudi Arabia, Saudi Arabia Sponsorship & Partnership, Company Formation Saudi Arabia and many others.

Please click on the link to learn more about the latest developments in the region and the opportunities and possibilities in the Kingdom of Saudi Arabia as well as the initiatives of Business Start Up Saudi Arabia.

Other News

BSUS News 17 - Thumb

Saudi Arabia releases FDI statistics under new methodology

Saudi Arabia`s Ministry of Investment recently released updated statistics detailing foreign direct investment (FDI) into the Kingdom. The new methodology is preferred by the International Monetary Fund...

Read more
BSUS News 16 - Thumb

Saudi`s PIF announces voluntary compliance to aid transparency

Saudi Arabia`s Public Investment Fund (PIF) recently announced it would comply with the Global Investment Performance Standards (GIPS) from the Chartered Financial Analyst (CFA) Institute.

The sovereign...

Read more
BSUS News 15 - Thumb

Saudi Arabia to grant premium residency for regional HQ executives

Saudi Arabia’s Ministry of Investment is offering a premium residency to executives based at regional headquarters. The initiative is part of its ongoing efforts to enhance its business environment and...

Read more
BSUS News 14 - Thumb

Saudi fund to invest SAR 112million in Middle East startups

State owned Saudi Venture Capital (SVC) is investing SAR 112 million (USD 30 million) in a fund that will finance startups and growth-stage companies from Saudi Arabia and the Middle East.

Impact46,...

Read more
BSUS News 13 - Thumb

Saudi and UK Ministers discuss trade and cultural co-operation

Saudi ministers recently discussed enhancing co-operation in trade and cultural sectors with their United Kingdom (UK) counterparts on the sidelines of the GCC Ministers of Trade and Industry meeting in...

Read more
BSUSA - Announcement - Thumb

BSUS Congratulates KSA on Saudi National Day 2023

Business StartUp Saudi Arabia would like to congratulate the Kingdom of Saudi Arabia and its people on the occasion of Saudi National Day 2023!

On this day in 1932, the Sultanate of Najd and the Kingdom...

Read more
BSUSA News 11 - Thumb

Saudi tourism revenues reach SAR 37 billion amid travel boom

Saudi Arabia recorded tourist revenue of SAR 37 billion (almost USD 10 billion) as the sector witnessed a massive surplus due to an unprecedented travel boom in the Kingdom.

According to figures released...

Read more
BSUS News 10 - Thumb

Saudi Arabia’s largest solar project receives SAR 8.3 billion

Saudi Arabia`s National Development Fund (NDF) recently announced its participation in financing the largest renewable energy project in the country.

The Shuaiba project is a partnership between Saudi...

Read more

Page Break