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Many 'doubted the vision': Saudi investment minister touts 'green shoring' on path to diversification

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Saudi Minister of Investment Khalid al-Falih pushed back against skepticism over the country's economic diversification plan.

He said that part of Riyadh 's offering to foreign investors is the Saudi -coined initiative of "green shoring," which seeks to decarbonize supply chains in areas with renewable energy resources.

Under Vision 2030 , Saudi Arabia aims to achieve net-zero emissions by 2060 .

The number of foreign investment licenses issued in Saudi Arabia nearly doubled in 2023 , the IMF noted.