Rawabi Holding, World Wide Generation Form Joint Venture to Accelerate Sustainability in Saudi Arabia
Saudi-based conglomerate Rawabi Holding has announced a joint venture with sustainability fintech company World Wide Generation (WWG), alongside a multimillion GBP investment in WWG.
The partnership aims to streamline sustainability reporting and fast-track the Kingdom’s sustainability performance, aligning with the Saudi Vision 2030 goals and focusing on hard-to-abate sectors.
The venture will utilise WWG’s G17Eco platform to enhance sustainability efforts across Rawabi’s global operations. The new initiative will offer sustainability education, advisory services, and digital reporting tools, along with a marketplace for solutions and financing.
Rawabi Holding’s commitment to sustainability aligns with Saudi Arabia’s Vision 2030, which aims to diversify the economy and promote sustainable development. Rawabi’s investment in WWG will allow it to provide advanced infrastructure support, including legal and HR services. It will fast-track sustainability solutions across various energy, industrial, and construction sectors.
“Sustainability at Rawabi Holding Group is a business strategy, and as leaders in the energy, industrial, contracting, and real estate sectors, sustainability has always been one of the main factors in our decision-making process,” said Othman A. Ibrahim, Rawabi Holding Vice Chairman.
The joint venture underscores the growing collaboration between Saudi Arabia and the UK, with strong support from both governments. Rawabi’s ongoing sustainability initiatives are expected to drive innovation and create value across sectors, further contributing to Saudi Arabia’s ambitious Vision 2030.
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