The UK-Saudi Sustainable Infrastructure Forum commenced in London, diving into the realm of collaborative prospects in the creation of sustainable urban spaces and the advancement of eco-friendly energy solutions. This gathering underscored the burgeoning market for financing green infrastructure projects.
In the forum’s inaugural address, the Saudi Minister of Investment, Eng. Khalid Al-Falih, delineated the Kingdom’s evolution towards becoming a hub of reciprocal capital flow. He emphasized Saudi Arabia’s ongoing investments on a global scale, with a special focus on the UK.
Al-Falih celebrated the Kingdom’s fruitful interactions with British enterprises across multiple domains, including the banking sector, investment firms, service industries, and academia. He voiced a keen interest in nurturing these ties further.
During a pivotal session entitled ‘Importance of UK-Saudi Collaboration in Key Sectors and Advancing the Green Transition to Net Zero’, the Saudi Ambassador to the UK, Prince Khalid bin Bandar bin Abdulaziz, drew attention to the expansion of debt and insurance markets. He advocated for holistic growth as a pathway to accomplishing the strategic objectives set forth.
Prince Khalid extolled the business-friendly climate of Saudi Arabia, highlighting the substantial prospects for development and prosperity, positioning the Kingdom as an attractive hub for business and finance professionals.
A panel discussion, titled ‘Financing sustainable infrastructure: Bridging the investment gap, and the role of public-private partnerships and innovative financing models’, took on the challenge of mobilizing funds for sustainable infrastructure, underlining the significance of cooperation between public entities and private sectors in this endeavor.