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Mideast Green Initiative to invest $10.4 billion-Saudi crown prince

Mideast Green Initiative to invest .4 billion-Saudi crown prince
Saudi Crown Prince Mohammed bin Salman gives a speech from his office as he addresses the Saudi Green Initiative forum opening ceremony, in Riyadh, Saudi Arabia, October 23, 2021. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS

Saudi Arabia‘s crown prince launched a Middle East Green Initiative on Monday which he said aimed to invest 39 billion riyals ($10.4 billion) to reduce carbon emissions in the region and protect the environment.

Plans for the initiative were first announced in March.

($1 = 0.2666 riyals)

 

(Reporting by Aziz El Yaakoubi and Ghaida Ghantous; Editing by Susan Fenton)

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