Saudi Arabia aims to achieve carbon neutrality by 2060 and develop a green economy.
Skytower Investments, an investment firm in renewable technologies, green manufacturing, supply chain and green power production, is actively seeking new partnerships to advance carbon and green hydrogen technologies.
These efforts will bring new economic opportunities to Saudi Arabia.
Skytower Investments predicts that Saudi Arabia will attract further investment in upcoming projects, creating opportunities for global businesses and stimulating job expansion, underscoring Saudi Arabia’s role as a driver of sustainable growth in the region as plans are underway to foster the development of a green economy.
The investment firm supports the recent agreement between Riyadh and Washington on a transcontinental green trade corridor, aiming to boost trade and climate adaptation strategies.
Saudi Arabia is taking this initiative globally to benefit neighboring countries and South Asian countries, as it seeks to expand green supply chains, green manufacturing and digital transformation to contribute to a sustainable future.
Hydrogen production is seen as economically viable, leveraging Saudi Arabia’s abundant natural resources and young, dynamic population.
The Kingdom’s green potential lies in its high-quality silica resources, which are used for green energy production and advanced manufacturing.
Neil Bush, chairman of Skytower Investments, highlighted the strengthening of the partnership and ongoing efforts to support Saudi Arabia’s economic objectives under Vision 2030, which include advancing green energy, green hydrogen and carbon economy technologies.
Eric Huang, CEO of Skytower Investments, aligned the current effort with Saudi Arabia’s strategy to support local, regional and global development, with a focus on creating quality jobs in green industries.
Saudi Arabia’s partner, Abdullah bin Zayed Al Mulaifi, said the adoption of green energy and technology is progressing rapidly and supports the Kingdom’s goal of achieving green and carbon-neutral energy by 2060.
Skytower Investments plans to further invest in specialized global technologies working with the Saudi Arabian public and private sectors.
