Saudi Gazette report

LONDON — British investors have expressed their desire to invest in renewable energy and sustainable infrastructure in Saudi Arabia, in line with the goals of Saudi Vision 2030 to exploit renewable and green energy in implementing projects to preserve and sustain the environment.

This came during the British-Saudi Sustainable Infrastructure Summit held in the capital, London, organized by the Saudi-British Business Council under the Federation of Saudi Chambers and the City of London, with the participation of the Ministry of Investment and more than 250 policymakers, industry leaders, senior company heads, and representatives of government and private bodies from the two countries.

The Federation of Saudi Chambers said in a statement: The summit highlighted the opportunities available in the five largest Saudi projects: “NEOM,” “Qiddiya,” “Red Sea,” “Roshan,” and “Diriyah,” as well as the importance of developing sustainable infrastructure projects, financing, and the future, green technologies.

According to the statement, the discussions focused on the importance of Saudi-British cooperation in developing sustainable infrastructure and the green transition to net zero emissions, ways to bridge the investment gap, the role of partnerships between public and private sectors, innovative financing models, including the role of green bonds and loans linked to sustainability.

In addition to the role of smart urban planning in achieving sustainability goals and implementing mega projects using innovative, low-carbon technologies.

The summit activities will be followed by meetings of sectorial working groups in the Saudi-British Business Council for the real estate and finance sectors, and the establishment of the British-Saudi Sports Investment Forum to discuss ambitious plans to develop sports.

This Saudi-British movement comes in light of the growing volume of economic relations between the two countries, with the volume of trade exchange reaching about 25.7 billion riyals, achieving a growth of 13.8%. Britain also ranked 25th in terms of the Kingdom’s trading partners in terms of exports and 10th in terms of imports.