British investors seek to explore investment opportunities in Saudi market
British investors are showing strong interest in Saudi
Arabia’s renewable energy sector and sustainable infrastructure, aligning with
the Kingdom’s Vision 2030 green initiatives. This was highlighted at the
UK-Saudi Sustainable Infrastructure Summit in London on June 24, as reported by
the Saudi Press Agency.
The summit showcased opportunities within Saudi Arabia’s top
five projects — NEOM, Qiddiya, the Red Sea Project, ROSHN, and Diriyah. These
initiatives are integral to the Kingdom's ambitious climate goals, which aim to
reduce carbon emissions by 278 million tonnes annually by 2030 and boost
renewable energy generation capacity by 50 percent.
Read More British
Minister praises Saudi Vision 2030
Hosted by the Saudi British Business Council in
collaboration with the Saudi Chambers of Commerce and the City of London
Corporation, the summit brought together over 250 leaders from industry and
finance, alongside key representatives from these mega-projects. The event
emphasized financing and green technologies as critical components in achieving
net-zero emissions.
Discussions underscored the importance of Saudi-British
cooperation in sustainable infrastructure development, advancing toward
net-zero emissions, closing investment gaps, and leveraging public-private
partnerships. Topics included innovative financing models such as green bonds
and sustainability-linked loans, and smart urban planning aimed at achieving
sustainability goals using advanced low-carbon technologies.
Sector-specific working group meetings followed the summit,
organized by the Saudi British Business Council, the Saudi British Sports
Investment Forum, and leaders from the real estate and finance sectors. These
meetings focused on ambitious plans to develop the sports sector and investment
landscapes in both the Kingdom and the UK.
Read More Saudi
Arabia to invest in UK project to harness clean energy from space
A high-level delegation from Saudi Arabia, led by the
Federation of Saudi Chambers and the Ministry of Investment, attended the
summit. Minister of Investment Khalid Al-Falih participated in a panel session,
discussing the strategic partnership between Saudi Arabia and the UK in
mutually beneficial sectors and the evolution of the investment environment
since the launch of Vision 2030.
The summit took place as economic relations between the two
nations continue to expand, with the UK being Saudi Arabia’s 25th largest commercial
partner. In late 2022, both countries signed an agreement to bolster
collaboration in green finance, supporting Saudi Arabia’s transformative
projects.
Source: Arab News
0 Comments