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Saudi Arabia has launched a $266.6 million environmental financing initiative in collaboration with Riyad Bank to enhance private sector investment in sustainable projects. This initiative, announced by the Minister of Environment, aims to accelerate eco-friendly development and support the Kingdom's Vision 2030 goals.A new digital platform for the Incentives and Grants Program will facilitate funding access and promote innovative financing for high-impact environmental initiatives, benefiting SMEs, corporations, research centers, and non-profits while fostering compliance and environmental responsibility across industries.
Consumer spending in Saudi Arabia surged 34.7% to SR17.5 billion in the week before Ramadan, driven by a 74.9% increase in food and beverage purchases. Meanwhile, a new SR1 billion environmental financing initiative was launched to promote sustainable projects, aligning with Vision 2030 objectives.
Saudi Arabia has launched a $266 million environmental financing initiative, supported by Riyad Bank, to boost private sector involvement in sustainable projects. The program, introduced by the Minister of Environment, aims to enhance environmental infrastructure and promote eco-friendly practices through a new digital platform for grants and incentives. This initiative aligns with the Kingdom's Vision 2030 goals, focusing on environmental sustainability and quality of life improvement.
Abdulrahman Al Fadhli
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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