Business
Trending

British Companies Eager to Invest in Saudi Arabia’s Sustainable Energy Sector

British investors have expressed great enthusiasm to embark on a series of investment in renewable energy and sustainable infrastructure sectors in Saudi Arabia, reported the Saudi Press Agency (SPA).

In addition, British companies unveiled their intentions to carry out large projects. It will foster sustainable city development, green technologies, and growing green infrastructure. This came on the sidelines of the UK-Saudi Sustainable Infrastructure Forum held in London on Monday.

The forum saw the convergence of about 250 Saudi and British leaders from industry and financial sectors. The Saudi Minister of Investment Khalid Al-Falih and senior officials of major giga projects participated in the summit.

Moreover, the Saudi Ministry of Investment and the Federation of Saudi Chambers led the Saudi delegation. They showcased the valuable investment opportunities in the largest five Saudi projects, NEOM, Qiddiya, Red Sea, Roshen and Diriyah.

British Companies are Eager to Invest in Saudi Arabia’s Sustainable Energy Sector

The forum was organized by Saudi British Joint Business Council (SBJBC). It shed light on urbanization, sustainable city development, and financing, including the scaling up of green technologies and renewable energy solutions.

Additionally, the event included multiple sessions tackling the significance of the Saudi-British cooperation in developing sustainable infrastructure. It plays the role of promoting the green transformation to net zero emissions, and filling the gap between the public and private sectors.

“I’m delighted to host this crucial summit. Sustainable infrastructure around the world is essential to tackling climate change, boosting economic development, and ensuring access to vital provisions such as transport, energy, and water,” Lord Mayor of the City of London Alderman Professor Michael Mainelli said.

Moreover, the sessions highlighted the innovative financing models, the pivotal role of green bonds and sustainability loans. It also emphasized the role of smart urban planning in achieving sustainability goals and implementing mega projects.

Related Topics:

Saudi Arabia, UK Strengthen Strategic Partnership in Digital Government

Saudi-UK Trade Expo to Enhance Saudi Vision 2030

 

 

Short link :

Related Stories

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button