17/04/2024
The Environmental Investment Forum 2024 will start next May
Under the slogan "Recovery and Sustainability" and under the patronage of the Prince of the Eastern Province, His Royal Highness Prince Saud bin Nayef bin Abdulaziz, Asharqia Chamber will organize the Environmental Investment Forum 2024 on May 5, 2024. The forum aims to explore diverse investment opportunities in the environmental field.
The Chairman of the Asharqia Chamber's Board of Directors, Badr bin Sulaiman Al-Ruzaiza, stated that environmental protection is a clear component of the Kingdom's Vision 2030, considering it a religious, ethical, and humanitarian duty. The goal is to reduce pollution by improving waste management efficiency in all its forms. He also highlighted the Kingdom's constructive role in directing positive efforts towards environmental issues domestically and internationally.
Al-Ruzaiza emphasized the utmost importance of the environmental sector in preserving renewable natural resources, providing the necessary foundation for achieving comprehensive and sustainable growth, food security, and enhancing quality of life. He stated that the forum seeks to shed light on the importance of the environment and ways to preserve it, addressing the impact of environmental regulations and legislation on business sectors. Additionally, it will review investment opportunities for businesses in the environmental sector, as well as available financing channels for projects in this vital sector, representing environmental investment as a key driver and effective element in achieving sustainable development.
He clarified that the forum supports environmental protection practices, presents experiences and solutions, and seeks to expand knowledge about environmentally related investment opportunities, methods of dealing with them, and their implementation mechanisms. He also mentioned the package of environmental initiatives and programs launched by the government to promote green investments of all kinds, aiming to increase reliance on clean energy sources with a positive impact on the environment to reach 50% of total energy sources used by 2030. Additionally, the government is determined to double its spending on investment and financing projects that support the environment.
