Saudi Arabia's PIF Balances Biodiversity Conservation with Investments
Saudi Arabia’s Public Investment Fund (PIF) highlights successes in combining biodiversity conservation with various investment initiatives. Efforts include sustainable tourism through Red Sea Global and Soudah Development Co., and responsible mining with Ma’aden. Achievements and collaborations demonstrate that strong investment strategies and environmental conservation can coexist.
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), outlined its efforts in balancing biodiversity conservation with investment targets in various sectors, emphasizing eco-friendly tourism and responsible mining.
PIF's initiatives include Red Sea Global and Soudah Development Co., prioritizing sustainable tourism and environmental preservation.
Notable achievements include a 30 percent positive biodiversity conservation return by 2040 and the “Regional Sector Leader” award from the Global Real Estate Sustainability Index.
PIF also collaborates with Ma’aden on environmental projects, affirming that robust investments can align with conservation goals.
The Kingdom’s rich biodiversity has 499 bird species, 117 mammals, and more.
Recent participation in the High-Level Event on Ocean Action underscores Saudi Arabia’s commitment to marine conservation.
The King Salman bin Abdulaziz Royal Natural Reserve attained notable accreditation, reflecting the Kingdom’s dedication to safeguarding its diverse ecosystem.