• Environment

    OBG reports on the growing awareness of environmental concerns, how they affect industrial development and the steps being taken to address attendant problems. Many countries are establishing environmental agencies to seek out ways to cut pollution and waste, as well as to introduce conservation and recycling measures.
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With temperatures in cities set to rise in the coming decades, many public and private players in emerging markets are looking to tackle the challenge of extreme heat through technology, sustainable building techniques and the expansion of urban green spaces.

In the fight against climate change, forests are vital carbon sinks, absorbing twice as much carbon as they produce each year globally.

As climate change causes sea levels to rise to unprecedented levels, governments and citizens in vulnerable countries are looking at innovative ways to forecast, prevent, adapt to and insure against flooding.

Vision 2030 includes social development initiatives to empower micro-, small and medium-sized enterprises (MSMEs) and citizens, promote entrepreneurship and widen access to financing.

Saudi Arabia has undergone significant reforms to foster growth and diversification. While some initiatives were delayed during the Covid-19 pandemic, progress in areas such as the digital economy accelerated. Aided by elevated oil prices in 2022, strategies underlined in Vision 2030 continue moving forwards, and the Kingdom today presents ample opportunities for foreign investors, underpinned by efforts to boost private sector participation in the economy.

Long seen as a high-cost, energy-intensive process, desalination mega-projects are seeking to tap renewable resources to limit the cost and environmental concerns of this crucial technology.

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