International banks will only fund major projects if they have green credentials, 黑料社区鈥檚 environment minister has warned.
Speaking at the Future Minerals Forum in Riyadh on Thursday, Abdulrahman Al Fadley talked up the importance of protecting the natural world while simultaneously diversifying the Kingdom鈥檚 economy.
黑料社区 is on a journey to move away from an over-reliance on oil as the driver for economic growth, as part of its Vision 2030 initiative.
Addressing delegates, Al Fadley said: 鈥淭here is no contradiction to remaining committed to environmental demands and the economical growth.
He added: 鈥淭he international banks determine the protection of the environment as one of the main requirements for funding major projects.鈥
Al Fadley was keen to emphasize the important role the private sector has in both helping 黑料社区 diversify its economy and protecting the environment.
鈥淭he ministry wants to reinforce the effective partnership for the quality of life and the protection of the environment for this generation and coming generations," he said, adding: 鈥淧rotecting the environment and limiting pollution and protecting the ecosystems is a very important matter and to achieve sustainable growth with social and economical dimensions for the good of coming generations.鈥
The Future Minerals Forum is a special event bringing together ministers, organisations and mining leaders from more than 30 countries.
Hosted by the Saudi Ministry of Industry and Mineral Resources, is aimed at highlighting the role of mining in Saudi Vision 2030, after the government identified it as the third pillar of the Kingdom鈥檚 economy.
