The recent announcement of the Saudi Green and Middle East Green initiatives came as welcome news to UN officials in a year that has been described by Secretary-General Antonio Guterres as “make it or break it” for the planet. Unveiled by Crown Prince Mohammed bin Salman on March 27, the Saudi Green and Middle East […]
All Red Sea Project assets, including resorts, hotels and facilities, run through smart control systems that allow enough light as needed while being careful to save energy consumption and reduce waste, said for Arab News Myriam Yaniz, director of lighting management at the company. Red Sea Project is using the technology as it looks to […]
The United Arab Emirates recent years has announced a commitment to environmental sustainability. The Independent writes about the UAE Green Turn. Let’s check Rahma Khan article out. The United Arab Emirates – the country with the world’s tallest building and fast-growing metropolitan areas – was previously notorious for being one of the world’s top sources […]
The Red Sea Development Co. is preparing the ground for green finance in Saudi Arabia, opening the door to a larger group of regional and global investors for the company, CFO Jay Rosen told Al Arabiya. Public Investment Fund-owned Red Sea finalized a 15-year SR14.12 billion ($3.76 billion) green loan facility with four Saudi banks […]
Saudi Arabia, in partnership with the World Bank, pledged $100 million to create a global fund for inclusive tourism, according to the kingdom’s tourism minister Ahmed Al Khateeb, The National reports. “This will be the first and the only global fund dedicated solely to sustainable international tourism growth,” Mr Al Khateeb said at the Tourism […]
The Red Sea Development Company (TRSDC), the developer behind the world’s most ambitious regenerative tourism project, state that it has closed a SR14.120 billion ($3.76 billion) term loan facility and revolving credit facility with four Saudi banks, Saudi Gazette reports. TRSDC CEO John Pagano said, “Green Financing accreditation was awarded due to TRSDC’s market leading […]
Oman is among the top five safest countries in the world for expatriates, according to a new global report that ranks countries on the basis of how easy they are for foreign nationals to live in, Times of Oman reports. Oman is ranked fifth among 59 of the countries polled, with only the United Arab […]
The Kingdom of Saudi Arabia has given utmost attention to climate change in the framework of the Custodian of the Two Holy Mosques King Salman’s unprecedented interest paid to the environment sector. This was evident with the establishment of a Ministry for the Environment, Saudi Gazette reports. In addition, a royal approval has been issued […]
The Shoura Council approved in April the draft Waste Management Law, Saudi Gazette reports. The provisions of the law include penalties for waste disposal violations such as maximum 10 years of imprisonment or SR30 million in fine or of both. The draft law consists of 38 articles aimed to regulate the activities of waste collection, […]
International Monetary Fund published a Concluding Statement that describes the preliminary findings of IMF staff at the end of an official staff visit. Fund concludes that the KSA authorities “responded quickly and decisively to the COVID-19 crisis” and the economic recovery that is underway is expected by IMF experts to continue. IMF projection that the […]
