In a strategic move to bolster the green economy and support sustainable development, Saudi Arabia’s National Center for Environmental Compliance announced the allocation of 28 investment projects in the fields of localizing environmental industries, providing environmental services, and developing advanced technologies, with a total estimated value of approximately 39 billion Saudi riyals (equivalent to $10.4 billion).
Saad Al-Zubaidi, General Manager of Partnerships and Investment Attraction at the Center, explained that 15 priority projects, valued at around 14 billion riyals, are currently being prepared for launch through the national “Invest in Saudi Arabia” platform this year, as part of a national strategy to attract investments and stimulate the private sector.
Al-Zubaidi noted that these initiatives are based on in-depth strategic studies conducted by the Center in the environmental compliance services sector, aimed at understanding the current market size, identifying gaps between supply and demand, and analyzing necessary incentives—whether financial or regulatory—to attract local and international investors. These studies concluded that the Saudi market is experiencing rapid expansion in this field.
The projects cover specialized sectors, including the manufacturing of air and water quality monitoring devices, soil rehabilitation services, environmental impact assessments, environmental laboratory services, sustainability training and consulting, and the use of satellite and drone technologies for environmental monitoring.
Nadia Al-Amoudi, Executive Director of Strategy and Operational Excellence at the Center, clarified that over 250,000 facilities in the Kingdom are under the Center’s supervision for environmental impact, necessitating an expansion of environmental services to assist these facilities in complying with environmental regulations and standards.
She added that companies listed on the “Tadawul” stock exchange are increasingly prioritizing compliance with global environmental standards, enhancing their competitiveness and opening export opportunities to international markets.
Al-Amoudi confirmed that the Center is currently preparing incentive and grant packages in collaboration with various government entities to stimulate investment in the environmental services sector and enhance its appeal as a promising area for economic growth and sustainability.
