Saudi Arabia to tap private sector, NGOs for Saudi Green Initiative

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Updated 24 October 2021
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Saudi Arabia to tap private sector, NGOs for Saudi Green Initiative

RIYADH: Saudi Arabia will seek involvement from the private sector and other organizations in the Kingdom to help plant 10 billion trees under the Saudi Green Initiative.

The Minister of Water, Environment, and Agriculture Abdulrahman Al-Fadly told Arab News that the government cannot do it all alone, adding that the final budget and amount of funding available for the entire project is currently under review.

“All the private sector, non-governmental organizations, citizens, agricultural associations, environmental associations, companies, government companies, and the government as well, will participate in planting the trees” he told Arab News on the sideline of Saudi Green Initiative Forum in Riyadh.

“Planting 10 billion trees is one of the milestone initiatives here in the Kingdom of Saudi Arabia,” he said. 

Degradation is one of the major issues under focus in the Kingdom. By achieving the goal of planting 10 billion trees under the Saudi Green Initiative, 50 million hectares of Saudi Arabia will be rehabilitated and redeveloped. 

The minister highlighted that 50 percent of the degraded land in the Kingdom will be rehabilitated to reduce the negative impacts of climate change and new land will be designated solely for the protection of wildlife. 

“The Kingdom will plant 1 percent of the global tree plantation target,” he said. 

As announced by Crown Prince Mohammed bin Salman the private sector will have numerous investment opportunities and contributions along the way.     

“Naturally speaking when it comes to planting 10 billion trees in the Kingdom with this kind of climate it is a great challenge, but I do believe we will be able to put this initiative into action through the use of renewable water, desalinated water, or treated water,” the minister emphasized. 

The initiative will mainly focus on local and native plants that can endure the climate change or the drought along with the implementation of new technology that can research and limit the usage of water. 

Speaking earlier in the day, the minister told the forum the government is planning to use 50 million hectares of land to plant the trees, as it aims to “provide a green cover to reduce the negative impact of climate change."

The minister also reiterated the Saudi crown prince’s commitment to the Kingdom’s environmental objectives. 

He said the crown prince has increased the percentage of the Kingdom’s protected land from 16 percent to 20 percent. 

 


Saudi POS spending opens 2026 with a 31% surge: SAMA 

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Saudi POS spending opens 2026 with a 31% surge: SAMA 

RIYADH: Saudi Arabia’s total point-of-sale transactions reached SR17 billion ($4.5 billion) in the week ending Jan. 3, with all sectors recording positive weekly growth. 

According to the latest data from the Saudi Central Bank, the total POS value represented a 30.6 percent week-on-week increase, while the number of transactions rose 15.7 percent to 255.36 million. 

Spending on freight transport, postal and courier services recorded the sharpest increase, surging 110.9 percent to SR74.22 million, followed by education, which rose 66.4 percent to SR235.51 million. 

Expenditure on personal care increased by 31.7 percent, while spending on books and stationery rose 36 percent. Jewelry outlays climbed 48 percent to SR544.12 million. 

Further gains were recorded across other categories. Spending at pharmacies on medical supplies rose 42.1 percent to SR284.81 million, while expenditure on medical services increased 20.8 percent to SR556.27 million. 

The food and beverages sector saw outlays rise 41.4 percent to SR2.7 billion, accounting for the largest share of POS transactions.

Restaurants and cafes followed with a 20.9 percent increase to SR1.9 billion, while apparel and clothing spending rose 30 percent to SR1.6 billion, ranking third. 

Together, the top three categories accounted for approximately 36.53 percent of total POS spending, or SR6.22 billion. 

Saudi Arabia’s major urban centers mirrored the national surge.

Riyadh, which accounted for the largest share of POS spending, saw a 21 percent increase to SR5.61 billion, up from SR4.63 billion the previous week.

The number of transactions in the capital rose 12.2 percent to 79.6 million. 

In Jeddah, transaction values increased 25.6 percent to SR2.24 billion, while Dammam posted a 26.1 percent rise to SR831.93 million. 

POS data, tracked weekly by SAMA, provides an indicator of consumer spending trends and the ongoing growth of digital payments in Saudi Arabia. 

The data also highlights the expanding reach of POS infrastructure, extending beyond major retail hubs to smaller cities and service sectors, supporting broader digital inclusion initiatives. 

The growth of digital payment technologies aligns with Saudi Arabia’s Vision 2030 objectives, promoting electronic transactions and contributing to the Kingdom’s broader digital economy.