Arthur D Little, ADL, released an exclusive report exploring ways to balance economic growth, environmental care and social well-being. The report, titled Imperatives for Sustainable Industrial Development: The Saudi Arabia Case, spotlights the industrial sector as a key development focus and examines ways to maintain its pace in a sustainable manner.
Proving to be a rapidly growing industrial force, the Saudi Arabia is home to more than 10,000 industrial facilities and ranks 41st in the Competitive Industrial Performance Index. Saudi Arabia’s National Industry Strategy aims to increase the value of the Saudi Arabia’s industrial exports to about $149 billion by 2030.
Saudi Arabia’s industrial sector accounts for around 46% of the country’s total emissions, followed by power generation at 28%, and transport at 19%. It presents an opportunity for the development of green technologies and industries in the Saudi Arabia.
Aside from reducing emissions, the government is also working to move the industrial sector away from fresh water. There are 16 industrial cities in the Saudi Authority for Industrial Cities and Technology Zones, MODON, and the government aspires to source 70% of their water from treated industrial waste-water by 2030.
To achieve industrial sustainability objectives, countries need to accelerate their transition to renewable energy sources and adopt more ambitious targets. With Saudi Arabia as a point of reference, the report outlines ways to reduce carbon emissions and mitigate the impacts of climate change for the benefit of both people and the planet.
As the GCC’s largest industrial powerhouse, Saudi Arabia is committed to building a greener future. It has implemented ambitious targets for the future, aimed at reducing industrial emissions by 65% by 2050. The Saudi Arabia launched numerous initiatives across the different economic sectors and specifically in its industrial sector.
According to the report, the Saudi government is unifying the region’s efforts through consistent collaboration between GCC countries, aiming to boost the sustainable development of industrials and synergise the region’s fight against climate change. This includes efforts to reduce GHG emissions, implement waste management solutions, and raise awareness of industrial sustainability.Click below to share this article