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Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) aims to attain net-zero emissions through sustainable development by 2050, Crown Prince Mohammed bin Salman said on Monday.
Prince Mohammed made these remarks at Middle East Green Initiative Summit held in tandem with COP27 in Egypt.
The kingdom will also contribute $2.5 billion to a green initiative in the Middle East over the next 10 years, and host its headquarters, the Saudi prince added.
