Saudi Arabia continues to strengthen its position as a leading force in green finance; It acquired 35% of the total green sustainability bond issuances in the Arab region, with a total value of $14.4 billion.

This statistic is an important indicator of the Kingdom’s commitment to achieving its environmental and economic goals, and also highlights its tireless efforts to diversify sources of income and support the national transformation process.

The list of Arab countries that issued green bonds included Saudi Arabia, the Emirates, Qatar, Egypt, Kuwait, Jordan, and Morocco, but the Middle East and North Africa region still faces challenges in integrating green financing requirements with debt programs. The total sustainability bonds and instruments of Saudi entities amounted to $14.4 billion, and this value does not include upcoming issuances from development banks. Development banks are also considered among the most active entities in issuing sustainability bonds. Its total issuances have reached $644 billion since 2007.

France ranked first globally in sustainability bond issuances with a value of $509 billion, followed by China with $459 billion, Germany with $359 billion, and the United States of America with $323 billion.
Among the most important factors that made Saudi Arabia at the forefront of Arab countries in issuing green bonds is the political determination to support the green economy and integrate it into economic transformation strategies, and the presence of financial liquidity seeking this type of investment.

Among the biggest beneficiaries of Saudi Arabia’s trend of issuing green bonds are Wall Street banks, which provide advice to Saudi authorities on structuring a framework for sustainable and green financing.

Therefore, the Kingdom of Saudi Arabia’s achievements in the field of green financing confirm its position as a leading force in addressing climate change and building a better future. These achievements are also the result of the Kingdom’s commitment to achieving its environmental and economic goals and supporting the national transformation process.