Skip to content Skip to Search
Skip navigation

Saudi to hold green forum during Cop28 in Dubai

tree plantation Unsplash.com
Saudi Arabia plans to plant 10 billion trees across the country in the coming decades

Saudi Arabia will hold its third green initiatives forum during the Cop28 summit in Dubai on December 4.

The Saudi Green Initiative (SGI) forum will build on the 2021 inaugural event in Riyadh, which unveiled the kingdom’s 2060 net zero commitment and last year’s conference held in Egypt during Cop27, the state-run Saudi Press Agency reported.

Under the Saudi Green Initiative the kingdom will plant 10 billion trees in the coming decades and designate 30 percent of the country’s land and sea territories as protected areas by 2030.

In addition, Riyadh has committed to reducing carbon emissions by 278 million tonnes annually by 2030.

The national goals will help to achieve regional targets set out under the Middle East Green Initiative of eliminating 670 million tonnes of carbon dioxide equivalent and planting 50 billion trees across the region.

Latest articles

As part of the agreement, Lenovo will establish its Middle East and Africa headquarters in Saudi Arabia

China’s Lenovo issues $2bn bonds to repay Saudi Alat debt

China’s Lenovo Group has issued $2 billion in convertible bonds to Alat, a Public Investment Fund (PIF)-backed technology manufacturing company, to repay its existing debt and boost working capital. As part of the agreement, the Hong Kong-headquartered personal computer maker will open a new PC and server manufacturing facility and establish its Middle East and Africa […]

Adnoc Distribution plans to open 15 to 20 new fuel stations this year

Adnoc Distribution targets 200 EV stations this year

Adnoc Distribution, the UAE’s largest fuel and convenience retailer, is planning to more than double the number of fast electric vehicle (EV) charging stations as part of its five-year expansion strategy. The company has 90 fast EV charging points and aims to reach 150-200 by the end of the year, the UAE state-run Wam news […]

A UBS report shows wealthy Latin American families are more likely to invest in the Middle East than US or European counterparts

Wealthy Latin Americans more likely to invest in Middle East

Wealthy Latin American families were more present as investors in the Middle East than those from other parts of the world in 2023, a global banking report says, but overall numbers are low and down from 2022.  UBS bank’s Global Family Office Report for 2024 showed that Latin American families had placed 2 percent of […]

Opec oil demand US crowded highway

Opec optimistic about oil demand through to 2025

Opec continues to expect strong oil demand growth this year and next as the world economy remains resilient, the group’s chief said. “For 2024, oil demand growth is at 2.2 million barrels per day, with total global demand anticipated to average 104.5 million bpd,” Haitham Al Ghais, the secretary general of Opec, the Organisation of […]