KSA to establish climate change center, approve private sector partnership program
(MENAFN) Saudi Arabia's Cabinet has approved the establishment of a Regional Center for Climate Change, as part of its efforts to protect the environment, reported the Saudi Press Agency. The center aims to build the knowledge base required to encourage adaptation to climate change, reduce its impact, and achieve sustainability in line with the goals of the Saudi Vision 2030. The center is expected to play a crucial role in enhancing the Kingdom's capabilities in tackling climate change, in line with the goals of the Paris Agreement.
During the meeting chaired by Crown Prince Mohammed bin Salman, the cabinet also endorsed the first wave of projects supported by the Private Sector Partnership Reinforcement Program, also known as Shareek, which is worth over USD51.14 million.
The program aims to foster private sector investment, boost domestic content, and increase the Kingdom's gross domestic product. Additionally, the cabinet recommended launching the Saudi Program for Attracting International Companies Headquarters, which will be supervised by the Royal Commission for Riyadh City. The program aims to attract international companies to establish their headquarters in Saudi Arabia, thus promoting economic growth in the country.
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