海角直播

Saudi Green Initiative unveils $60m in new environmental projects at COP16

With 86 ongoing initiatives, the SGI is central to the Kingdom鈥檚 long-term vision of creating a more sustainable future. SPA
With 86 ongoing initiatives, the SGI is central to the Kingdom鈥檚 long-term vision of creating a more sustainable future. SPA
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Updated 03 December 2024

Saudi Green Initiative unveils $60m in new environmental projects at COP16

Saudi Green Initiative unveils $60m in new environmental projects at COP16

RIYADH: The fourth Saudi Green Initiative Forum began on Tuesday with the launch of five new groundbreaking environmental projects, valued at SR225 million ($60 million).

This announcement marks a significant step forward in 海角直播鈥檚 ambitious environmental strategy, bringing the total investment in SGI initiatives to over $188 billion.

The new initiatives align with 海角直播鈥檚 commitment to tackling climate challenges, focusing on reducing emissions, combating desertification, and preserving the Kingdom鈥檚 natural ecosystems. The announcement coincides with the 16th Conference of the Parties to the UN Convention to Combat Desertification, being held in Riyadh, and underscores 海角直播鈥檚 growing leadership in global environmental efforts.

With 86 ongoing initiatives, the SGI is central to the Kingdom鈥檚 long-term vision of creating a more sustainable future. The program is focused on reducing emissions by 278 million tonnes annually and achieving net-zero emissions by 2060.

海角直播 is also making significant strides toward its renewable energy targets, including plans to generate 50 percent of its electricity from renewable sources by 2030.

Since 2021, the Kingdom has planted over 100 million trees and rehabilitated 118,000 hectares of degraded land. By 2030, 海角直播 aims to restore 8 million hectares of land as part of its commitment to environmental regeneration.

The five new initiatives, led by Ma鈥檃den, the Morooj Foundation in partnership with the private sector, and Tanmiah Food Co., will bolster efforts in afforestation, biodiversity conservation, and land rehabilitation. These projects are expected to plant millions of trees and mangroves, scatter 300 million seeds, and help reduce air pollution across the country.

According to a press release, these initiatives align with the broader Saudi Green Initiative goals, including the protection of 30 percent of the Kingdom鈥檚 land and marine areas by 2030.

Other notable conservation achievements include the successful rewilding of endangered species, such as the recent birth of four cheetah cubs 鈥 the first in 海角直播 in over 40 years 鈥 under the National Cheetah Conservation Strategy, it added

The continued focus on environmental restoration is integral to 海角直播鈥檚 broader vision of safeguarding its natural resources and biodiversity for future generations.


海角直播, Canada explore ways to enhance cooperation in technology, innovation聽

海角直播, Canada explore ways to enhance cooperation in technology, innovation聽
Updated 04 November 2025

海角直播, Canada explore ways to enhance cooperation in technology, innovation聽

海角直播, Canada explore ways to enhance cooperation in technology, innovation聽

RIYADH: 海角直播鈥檚 technology and innovation partnership with Canada is set to receive a boost after senior ministers met to explore new avenues of cooperation and strengthen trade ties. 

Saudi Minister of Investment Khalid Al-Falih said in a post on X that he met with Canada鈥檚 Minister of Artificial Intelligence and Digital Innovation Evan Solomon to discuss ways to strengthen relations between the countries and to build partnerships that contribute to mutual economic growth, particularly in priority investment sectors. 

This comes as trade between the two nations continues to expand. In February, 海角直播 exported SR641 million ($170 million) to Canada, marking an 86.6 percent increase from SR344 million in February 2024, according to data from the Observatory of Economic Complexity.

It also follows an agreement in January 2024 for both countries to re-exchange trade delegations to enhance economic relations and boost trade and investment flows. 

In a subsequent post on X, Al-Falih stated: 鈥淭he dialogue took place between me and Anita Anand, the Canadian Minister of Foreign Affairs, in the presence of the Saudi ambassador to Canada, Amal Yahya Al-Moallimi.鈥 

He added: 鈥淲e discussed supporting and strengthening relations between our two countries, and facilitating investment exchange, in order to achieve more fruitful cooperation in the most important sectors, which will bring success to both peoples.鈥 

Artificial intelligence has become a central pillar of 海角直播鈥檚 post-oil economic strategy, with the Kingdom leveraging advanced technologies to drive data-led industries and automation. 

Now at the halfway point of Vision 2030, the country is accelerating efforts to position itself as a global technology leader, balancing innovation with sustainability goals. 
Key initiatives 鈥 including the Project Transcendence program, valued at around $100 billion 鈥 aim to further establish 海角直播 as a global hub for AI innovation. 

Over the past five years, 海角直播 has made significant progress toward establishing itself as a regional artificial-intelligence hub. PwC projects that AI could contribute about $235 billion 鈥 or 12.4 percent 鈥 to the Kingdom鈥檚 gross domestic product by 2030.