Saudi Arabia / Policy plan
Saudi Vision 2030
Saudi Vision 2030 and Saudi Green Initiative (SGI)
In force2021-10-23Modified
Topic : Climate · Level : National
Today
Policy plan. SGI: 50% renewables, -278 MtCO2e/yr by 2030 (kept in NDC). NDC (31 Dec 2025): -335 Mt/yr by 2040. Net zero 2060.
Summary
Vision 2030 and the Saudi Green Initiative set national climate targets: 50% renewable power and 278 MtCO2e cut by 2030, net zero by 2060. They guide policy but create no direct company obligation.
Who is concerned
- Turnover
- non précisé
- Employees
- non précisé
- Listed company
- non précisé
- Sectors
- Energy and petrochemicals
- Construction (giga-projects)
- Public procurement
- Triggering activities
- Bidding for giga-project or public contracts
- Operating in energy-intensive sectors
- Extraterritorial reach
- No
None. No company duties; foreign suppliers are affected only through buyer or tender specifications.
- Examples
- Chinese EPC bidding on NEOM
- Saudi petrochemical exporter
What the law requires
- Align projects with SGI emission and renewable targets
- Meet local content rules in public tenders
- Meet developer green ratings (e.g. Mostadam) where tenders specify them
Penalties
None in policy plan itself; sector laws apply.
SUPPLIER INTELLIGENCE
What this changes for a supplier in China
Chinese contractors and suppliers of solar, steel and building materials for giga-projects face growing green specifications and local content rules.
Expected evidence
- Product carbon footprint or EPD
- Green building material certificates
- Local content declaration
Tiers : Tier 1
Net Zero Pulse