Saudi Arabia Launches $266M Green Initiative to Boost Private Sector Eco-Investments

In a major step toward a greener future, Saudi Arabia has unveiled a groundbreaking environmental financing program worth SAR 1 billion ($266 million), with the support of Riyad Bank. This initiative is designed to promote private sector participation in sustainable and eco-friendly projects across the Kingdom—creating a massive opportunity for businesses that align with Saudi Arabia’s Vision 2030.

At Capital International Group (CIG), we see this as a golden chance for investors, entrepreneurs, and SMEs to take part in the Kingdom’s push for environmental sustainability—while building profitable ventures.

What’s New?

The initiative, introduced by Abdulrahman Al-Fadhli, Minister of Environment, Water, and Agriculture, includes the launch of a new digital platform for the Incentives and Grants Program. This platform simplifies access to financial support for environmental projects and offers businesses an easier way to apply for grants, incentives, and project backing.

Why It Matters for Your Business

Whether you’re in clean energy, recycling, eco-construction, environmental consultancy, or green tech, this program is designed to:
– Provide funding and incentives for environmental projects
– Encourage adoption of sustainable practices
– Support SMEs and startups through credit guarantees
– Promote innovation in environmental infrastructure and services

An agreement was also signed between the Environmental Fund and the Kafalah Loan Guarantee Program, allowing SMEs to access financing more easily for qualifying green projects.

Who Can Benefit?

The program is open to:
– Startups and SMEs
– Corporates looking to shift to greener operations
– Universities and research centers focused on environmental innovation
– Nonprofits aiming for environmental impact

CIG Saudi Arabia Can Help You Get Started

Our expert team at CIG helps businesses get setup in Saudi Arabia and tap into government-backed programs like this. From business licensing and regulatory approvals to project alignment and grant applications, we make your entry into the Saudi market seamless.

Let us help you build a business that supports the planet and your bottom line.

📞 +966 50 224 1338
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📍 Offices in Riyadh, Dubai & Beyond

Capitalize on Saudi Arabia’s $266M environmental vision. Let’s build green together.