Adnan Zaidi FCA’s Post

Thanks Adnan Zaidi for sharing. Reposting PwC’s insights on the growing ESG market in Saudi Arabia is a great opportunity to highlight the country’s commitment to sustainable development With Vision 2030 driving diversification and sustainability goals, ESG adoption is accelerating, particularly in renewable energy projects like NEOM, and in corporate governance, workforce development, and social responsibility. PwC’s findings suggest that while there is strong progress, there is still room for improvement in the integration of ESG frameworks across all sectors, with a need for clearer reporting standards and more widespread adoption. It’s exciting to see Saudi Arabia positioning itself as a leader in sustainable investment, aligning both private and public sectors with global standards for a more responsible future. #ESG #SaudiArabia #Sustainability #Vision2030 #PwC #ImpactInvesting #GreenTransition

Our latest Saudi Economy Watch report is out. Discover how Saudi Arabia is advancing its energy transition, balancing sustainability with economic growth, and targeting net-zero emissions by 2060. Saudi Arabia is making strides with its Saudi Green Initiative🌿aiming to protect 30% of national land and sea, cut carbon emissions by 278 million tonnes, and plant 10 billion trees by 2030! Explore more in our latest report on Saudi Arabia’s economy: https://pwc.to/3BWWe66 #Vision2030 #NetZero PwC Middle East

Regional Energy Integration intra and inter MENA is among The World Bank top priorities. Watch our Regional Vice President Ousmane Dione explaining the benefits and importance of the Pan Arab Electricity Market #PAEM (www.paem.org) initiatve, the monumental milestone achieved by signing PAEM agreements by the Arab Ministers in Cairo, and the Bank role to support MENA in integrating its resource planning to maximize the benefits for everyone. https://lnkd.in/dGgfJbcX

As global energy markets face volatility, GCC countries are accelerating their economic diversification plans to safeguard long-term stability. Initiatives such as Qatar’s expansion of its LNG capacity, Saudi Arabia’s Vision 2030, and the UAE’s net-zero emissions strategy highlight the region’s shift towards sustainable and tech-driven growth. By investing heavily in clean energy, infrastructure, and innovation, these nations are positioning themselves as key players in the global economic landscape, beyond oil. The future of the Gulf is being reshaped with bold and strategic economic initiatives.

Saudi Arabia is advancing toward its Vision 2030 goals, with significant progress in economic diversification and sustainability, as detailed in PwC’s Saudi Economy Watch 2024. The non-oil private sector, a key driver of growth, expanded by 4.9% in Q2 2024, led by vibrant industries such as trade and hospitality. Major projects like the Riyadh Metro are expected to bolster non-oil GDP growth, projected at 4.4% annually through 2025. On the sustainability front, the Kingdom is taking bold steps. It plans to achieve 130 GW of renewable energy capacity by 2030 and export 150 GW of green electricity. Recent milestones include the operationalization of the Al-Rass solar plant and significant investments in electric vehicle (EV) production, targeting 500,000 units annually by 2030. Despite global economic challenges, Saudi Arabia’s fiscal resilience shines. Non-oil revenue surged by 11% in H1 2023, reflecting the success of diversification efforts. The Kingdom’s focus on renewable energy and non-oil sectors signals a strong commitment to sustainable growth and economic stability. #SaudiEconomy #Vision2030 #EconomicGrowth #Sustainability #MENA #SaudiArabia #GreenEnergy #DigitalTransformation #PwC #NonOilRevenue #MiddleEastBusiness Source:

Our latest Saudi Economy Watch report is out! Discover how Saudi Arabia is advancing its energy transition, balancing sustainability with economic growth, and targeting net-zero emissions by 2060. Explore the report here: https://pwc.to/3BWWe66 #Sustainability #Vision2030 #NetZero PwC Middle East https://lnkd.in/dFSFzs22

As the world grapples with the challenges of sustainable development, the Middle East, particularly Saudi Arabia, is poised to play a pivotal role in harnessing its vast natural resources to drive economic growth while minimizing environmental degradation. Saudi Arabia's rich endowment of oil, gas, and minerals presents a significant opportunity for economic diversification and growth. The Kingdom's Vision 2030 aims to leverage these resources to develop a more diversified economy, with a focus on renewable energy, tourism, and manufacturing. However, the reliance on non-renewable resources poses significant environmental and socio-economic challenges. The extraction and processing of these resources can lead to habitat destruction, water pollution, and climate change. As the world transitions towards a low-carbon economy, the question remains: Can Saudi Arabia, and other resource-rich countries, strike a balance between maximizing economic returns from their natural resources and achieving sustainable development? What are your thoughts? Share your insights... #SustainableDevelopment #NaturalResources #SaudiArabia #EconomicGrowth #EnvironmentalSustainability

The fact that the United States now produces 50% more oil than Saudi Arabia is mind-blowing. What is more surprising is that the United States produces more oil now than any other country in human history. This is counterintuitive because there is such a large focus in modern society on renewable energy and reducing our energy consumption. The truth is that only wealthy countries consume a lot of energy. There is no low consumption, highly developed nation in the world. You need energy to produce goods and services. You need energy to grow. Energy is life. Those who are trying to convince you otherwise are on the wrong side of history. ______________ P.S. Follow me (Anthony Pompliano) for insights on business and investing. #investing #business #stocks #finance

Saudi Arabia Fortifies Global Economic and Energy Partnerships Following a recent Cabinet assembly, Saudi Arabia has inked pivotal economic and energy agreements with countries including #Jordan, #Brazil, and #Japan. This advancement reflects the Kingdom's commitment to strengthen its financial ties, with the central bank also approving a financing collaboration with #Qatar. The agreements span various sectors and aim to bolster both bilateral relations and collective efforts. Key energy agreements with #Uzbekistan and #Azerbaijan highlight the focus on clean energy cooperation and the stable future of petroleum markets. Discover the full scope of these strategic economic partnerships on Saudi Business News. Link in bio. #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #EconomicGrowth #GlobalPartnerships #CleanEnergy #SustainableDevelopment #GCC #IndustrialDesigns

Why is Saudi Arabia's GDP expected to rebound despite a Q2 slump? 📉 Saudi Arabia: GDP down 0.4% in Q2 due to an oil slump. Despite this, a 1.5% growth is expected this year with rising non-oil activity. 🤝 UAE & Morocco: A new deal enhances non-oil trade and renewable energy, positively impacting the UAE’s trade balance. This deal boosts non-oil trade and renewable energy, positively impacting the UAE’s trade balance ahead. Sign up for our latest insights: https://okt.to/xYi427 #MENA #EconomicGrowth #RenewableEnergy