Mideast Green Initiative to invest $10.4bln, says Saudi crown prince

Plans for the initiative were first announced in March

  
Participants attend the Saudi Green Initiative Forum to discuss efforts by the world's top oil exporter to tackle climate change, in Riyadh, Saudi Arabia, October 23, 2021. Image for illustrative purposes.

Participants attend the Saudi Green Initiative Forum to discuss efforts by the world's top oil exporter to tackle climate change, in Riyadh, Saudi Arabia, October 23, 2021. Image for illustrative purposes.

REUTERS/Ahmed Yosri

RIYADH- 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) ((ghaida.ghantous@thomsonreuters.com;))


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