Saudi Arabia offers 100 environmental projects worth 500 million riyals

Saudi Arabia has launched an investment package featuring 103 opportunities to promote sustainable development in vegetation-covered areas spanning over 45 million square meters. The goal is to empower the private sector to support environmental sustainability objectives in line with Vision 2030. The opportunities encompass a variety of activities such as adventure tourism, agriculture, entertainment events, and environmental initiatives. It is expected that these initiatives will contribute more than 1.4 billion riyals to the economy and create 6,000 jobs, with investment returns reaching up to 16% and an internal rate of return of 17%. Additionally, the National Center has announced another 142 investment opportunities across various environmental sites, with anticipated investments exceeding 500 million riyals, all aimed at achieving sustainable environmental and economic outcomes.

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