Saudi Arabia's green bond market is experiencing dramatic growth, positioning the Kingdom as a major player in sustainable financing as it works to meet the ambitious objectives of Vision 2030. Green bonds, together with sukuk, have seen a surge in popularity, offering critical funding for eco-friendly projects in areas such as renewable energy, sustainable water management, and waste reduction. Launched by the Ministry of Finance in March, Saudi Arabia's Green Financing Framework provides a comprehensive roadmap for backing climate-focused initiatives, igniting interest from both domestic and foreign investors.
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Original article source: https://www.arabnews.com/node/2585245/business-economy
Source Id: 2025-01-593476052