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 10 - Thumb

Saudi Arabia's non-oil exports experience significant growth

Saudi Arabia witnessed a remarkable 19% surge in non-oil exports in July 2024 reaching SAR 25.4 billion (USD 6.77 billion), up from SAR 21.3 billion (USD 5.68 billion) in the same month last year.

Such...

Read more
News 9 - Thumb

Saudi Arabias Recycling Initiative aims to be world leader

Saudi Arabia is poised to become a leader in waste management with a bold recycling strategy announced by the Ministry of Environment. The plan aims to recycle up to 95% of the Kingdoms waste by 2040,...

Read more
News 7 - Thumb

Saudi’s ZATCA implements major customs fee reforms

Saudi Arabia's Zakat, Tax, and Customs Authority (ZATCA) recently announced it will eliminate all fees associated with export-related customs services and reduce import service fees to just 0.15% of the...

Read more
News 6 - Thumb

Saudi attracts 184 foreign company headquarters in 2024

Saudi Arabia has attracted a record 184 foreign companies to relocate their regional headquarters to the Kingdom in the first half of 2024, according to the Ministry of Investment of Saudi Arabia.

Further...

Read more
News 5 - Thumb

Saudi Arabia introduces unified investment law amid further reform

Saudi Arabia recently unveiled a transformative update to its investment law, introducing a unified framework designed to offer investors unparalleled transparency, flexibility and confidence. This landmark...

Read more
News 4 - Thumb

Saudi Arabia permits 100% foreign owned businesses

Saudi Arabia is paving the way for unprecedented international investment with its groundbreaking policy allowing 100% foreign ownership across most business sectors. This progressive move is set to attract...

Read more
News 3 thumb

Saudi Arabia to dominate world's construction market

Saudi Arabia is poised to become the world’s largest construction market as the Kingdom pours vast resources into projects aimed at diversifying the economy. The London based real estate consultancy...

Read more
News 2 thumb

Saudi women hold over 1,700 key posts in employment market

Saudi women leaders amounted to 1,707 thanks to the leadership training and guidance initiative by the Ministry of Human Resources and Social Development under the Vision 2030.

Importantly, the figure...

Read more

Page Break