Wednesday, November 6, 2024

Fostering UK-Saudi collaboration in sustainable infrastructure

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The UK-Saudi Sustainable Infrastructure Summit, to take place in London on 24 June, will showcase bilaterial partnership opportunities on sustainable city development and green technologies while discussing the growing green infrastructure financing market

The Saudi British Joint Business Council (SBJBC) in partnership with the City of London Corporation (COLC) is hosting the summit at Plaisterers’ Hall in London on 24 June, which will bring together around 250 Saudi and UK industry and financial sector leaders with leading giga project representatives to discuss urbanisation and sustainable city development and financing, including the scaling up of green technologies and renewable energy solutions.

Attended by a high-level Saudi delegation led by the Saudi Ministry of Investment and the Federation of Saudi Chambers, the event builds on previous SBJBC and COLC events, and an already strong UK/Saudi public and private dialogue on clean energy development and decarbonisation. It also follows the UK’s recent successful Great Futures event in Riyadh and growing involvement by UK companies in Saudi Vision 2030 initiatives currently transforming economic sectors, and giga project development.

The event, supported by lead sponsors NEOM and SAB (Saudi Awwal Bank), will address the importance of UK-Saudi collaboration in sustainable infrastructure development and advancing the green transition through panels on bridging the investment gap; how smart urban planning can help to build resilient and liveable communities; and the scaling up of green technology and renewable energy initiatives.

The Lord Mayor of the City of London Alderman Professor Michael Mainelli said, “I’m delighted to host this crucial summit. Sustainable infrastructure around the world is essential to tackling climate change, boosting economic development, and ensuring access to vital provisions such as transport, energy, and water. This summit offers an excellent platform to adopt and share knowledge gained from Saudi Arabia’s ambitious Vision 2030 sustainable development plans. Saudi Arabia is investing more in infrastructure than any other country in the Middle East region, including in 14 new giga-projects. This investment, combined with the City of London’s expertise and leadership in sustainable finance, can set a global template for sustainable development.”

Further details of the Forum are available here

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