Saudi Arabia Allocates $2.5 Bln for Green Initiative

Saudi Arabia’s Foreign Minister Adel al-Jubeir announced that the Kingdom has allocated $2.5 billion for the Secretariat of the Green Middle East Initiative.

Speaking at the National Afforestation Forum, he emphasized that Saudi Arabia is part of the international community, and land rehabilitation and quality of life are among the most important interests to avoid security escalation.

The Green Middle East Initiative is a regional initiative led by Saudi Arabia aimed at mitigating the impacts of climate change on the region and working collectively to achieve global climate action goals.

By expanding regional cooperation and establishing infrastructure capable of reducing emissions and protecting the environment, the Green Middle East Initiative can achieve significant success in global efforts to combat climate change while providing long-term economic opportunities for the region.

Saudi Crown Prince Mohammed bin Salman announced in November 2022 that the Kingdom intends to establish and host the Secretariat of the Green Middle East Initiative, with a $2.5 billion allocation to support initiative projects and governance activities.

This aims to accelerate the implementation of initiatives and achieve the goals of the Green Middle East Initiative.