Tag: Vision 2030

    Al-Jadaan, Liqun inaugurate an event on smart cities in COVID-19 era
    11 Oct 2021

    Saudi Arabia Minister of Finance Mohammed Al-Jadaan and President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank (AIIB) Jin Liqun inaugurated an event on “Building Smart Cities in the COVID-19 Era: Towards Resiliance and Sustainability”. In his opening remarks at the event, which was co-organized by AIIB, the Ministry of […]

    SAP company partnership boosts The Red Sea Development Company’s digitization efforts
    05 Sep 2021

    The Red Sea Development Company, which is driving the development of the giga-project The Red Sea Project, announced that its strategic alliance with global technology company SAP is helping streamline its digital innovations, Arab News reports. The Red Sea Project is a regenerative tourism destination spanning 28,000 square kilometers and more than 90 unspoiled islands […]

    Red Sea Development to award contracts worth $267m per month in the next phase

    Chief Administrative Officer Ahmed Darwish told CNBC Arabia that the Red Sea Development Co. will award SR1 billion ($267 million) of contracts a month as it moves to the next phase, including resorts, villas, and hotels. Until now, the company has been focused on infrastructure and related equipment, which make up most of its completed […]

    Islamic Perspectives On Environmental Conservation

    IN 1972, to mark the opening of the United Nations Conference on the Human Environment in Stockholm, the United Nations established World Environment Day. Since then, it has developed into a global platform celebrated in over 100 countries – including Qatar – and encourages worldwide awareness and action for environmental conservation. It has become one […]

    Saudi Crown Prince Mohammed bin Salman meets US climate envoy in Riyadh
    19 Jun 2021

    Saudi Arabia’s Crown Prince Mohammed bin Salman and US climate envoy John Kerry on Wednesday in Riyadh discussed international efforts to curb climate change, The National News reports. Mr Kerry arrived in the kingdom after his visit to Abu Dhabi this week for talks that focused on using action on climate change to drive regional […]

    Saudi Arabia tops in environmental performance indicators – the Tree Cover Loss and Wetland

    Saudi Arabia has continued its global outstanding performance, outperforming 180 countries in two indicators of environmental performance, ranking first in the Tree Cover Loss and Wetland indicators, Gulf News reported. This is in addition to surpassing 172 countries in preserving and protecting natural environments and preventing the extinction of rare animal species, ranking eighth in […]

    Red Sea Development paves the way for green finance in Saudi Arabia, CFO says
    02 Jun 2021

    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 regenerative tourism firm secures $3.76 billion loan and first ever riyal-denominated Green Finance credit facility
    29 May 2021

    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 […]

    Saudi Arabia focus on climate change is with shift in environment sector to realize Vision 2030
    24 May 2021

    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 […]

    Saudi Arabia Vision 2030 fulfillment: pros and cons

    2021 Saudi media describe as a year of execution and the start of the construction work for Saudi Arabia projects. Journalists believe them to be “the largest of their kind in the world”. Let’s check what Saudi Gazette tells us about Vision 2030 fulfillment. The aim of this programme is reducing the country’s dependence on […]