Skip to main content

Saudi Arabia’s economy to branch out

Published by
World Cement,

As reported by Reuters, Saudi Arabia intends to expand its economy in order to fight climate change in a move that could reduce the expected output of up to 130 million t of carbon emissions a year by 2030.

Saudi Arabia is the final of the Group of 20 major economies to put forward a plan to the United Nations before the summit in Paris from 30 November to 11 December.

Saudi Arabia has announced that its plan was focused on a scenario in which it would expand the economy with a "robust contribution" from export earnings from oil and derivatives.

The report said that earnings would be channelled into lower emission sectors "such as financial services, medical services, tourism, education, renewable energy and energy efficiency technology to enhance growth".

An alternative scenario would involve using more oil at home to fuel carbon-intensive industries such as petrochemicals, cement, mining and metal production, the report said, in turn boosting domestic rather than overseas emissions.

Saudi Arabia said it reserves the right to update its plan.

Edited from source by Joseph Green. Source: Reuters

Read the article online at:

You might also like



WCT2020 provides a unique online forum for cement industry professionals to hear first-hand from experts through a series of exclusive presentations from cement producers and industry experts.

Find out more and register for the series »



World Cement Spotlight with Rockwell Automation

World Cement Editor, David Bizley, sat down with Michael Tay, Advanced Analytics Product Manager at Rockwell Automation to discuss his recent article in World Cement.

Entitled ‘Smooth Sailing’, this article explains how machine learning can help save energy, reduce downtime and predict equipment failures, thus enabling the smooth running of cement plant operations.

Watch the interview now »


Embed article link: (copy the HTML code below):