Qiddiya Investment Company Releases Inaugural Environmental, Social, and Governance Report for Qiddiya City

Qiddiya Investment Company (QIC) unveiled its first Environmental, Social, and Governance (ESG) report today, showcasing a comprehensive strategy to establish Qiddiya City as a global benchmark for sustainable urban development.

The report highlights Qiddiya City’s commitment to integrating sustainability into its core operations, aligning with Saudi Vision 2030’s goals of fostering a vibrant society, a thriving economy, and an ambitious nation. It also outlines key initiatives and a three-year implementation roadmap to ensure Qiddiya’s vision for sustainability becomes a reality.

Abdullah Aldawood, Managing Director of Qiddiya Investment Company, said: “Qiddiya City will be a powerful advocate and driver of the national aspirations set out in Vision 2030, actively supporting global initiatives including the United Nations Sustainable Development Goals.”

In alignment with Saudi national targets, Qiddiya City is committed to achieving net zero carbon emissions by 2060. Initiatives include treating 100% of wastewater for reuse, recycling 90% of organic waste into compost to maintain green spaces, and equipping 80% of parking spaces with electric vehicle charging stations.

The report also prioritizes worker welfare, with strategies focused on creating over 325,000 jobs, enhancing health, safety, and well-being, and promoting diversity and inclusion. By 2030, Qiddiya aims for women to represent 40% of its workforce and 30% of leadership roles.

Additionally, Qiddiya City will ensure 100% accessibility across all public spaces, catering to people with disabilities, limited mobility, or special access requirements. An affordability initiative for low-income visitors will provide discounted tickets to major attractions and events, ensuring inclusivity for all.

The ESG report outlines 16 topics where Qiddiya City can significantly impact sustainability, supported by over 25 priority initiatives. The comprehensive assessment analyzed more than 100 risks and opportunities and benchmarked Qiddiya City against 15 industry peers to align with global best practices.