Saudi National Center for Vegetation Cover launches 500M riyal investment package

The National Center for Vegetation Cover Development and Combating Desertification has announced a major investment package in Saudi Arabia, offering 103 opportunities to promote sustainable development across the Kingdom. These opportunities cover a total area exceeding 45 million square meters.

Expected investments for these projects exceed 500 million riyals, with an anticipated internal rate of return of 17%. The initiative is projected to contribute more than 1.4 billion riyals to the national GDP and create approximately 6,000 jobs. The investment terms range from 5 to 25 years, aligning with the goals of Saudi Vision 2030 and the Saudi Green Initiative.

The opportunities are distributed across various regions, with the highest concentration in Riyadh (24 opportunities) and Makkah (13 opportunities). Projects include adventure tourism such as paragliding and mountain climbing, environmental activities like nurseries and apiaries, and hospitality services including eco-lodges and botanical gardens.