https://arab.news/nbqud
- Surge in green building projects aligns with Saudi Arabia’s rapid population growth and heightened environmental awareness
- Saudi green building market is projected to generate $16.4 billion in revenue this year
RIYADH: Saudi Arabia has made significant strides in sustainable construction, registering 2,000 of the 5,000 green building projects across the Arab world, according to a top official.
Speaking at the opening of the 14th annual Saudi Green Building Forum, held in Riyadh from Oct. 6-8, Minister of Municipalities and Housing Majed Al-Hogail highlighted the Kingdom’s numerous milestones in this sector, reported the Saudi Press Agency.
The surge in green building projects aligns with Saudi Arabia’s rapid population growth and heightened environmental awareness, driving the shift toward energy-efficient structures and the increased use of green building materials.
The Saudi green building market is projected to generate $16.4 billion in revenue this year and is expected to grow at a compounded annual rate of 12.3 percent, reaching $33.0 billion by 2030, according to market research firm Prescient & Strategic Intelligence.
During his speech, Al-Hogail said that these developments reflect the Kingdom’s commitment to sustainable practices, fostering a qualitative transformation in urban development.
He added that this initiative underscores Saudi Arabia’s dedication to enhancing the efficiency of natural resource utilization, reducing carbon emissions, and creating healthy and safe urban environments.