Experts at the first Dubai Stockbrokers and Investment Services Group (DSIG) conference urged GCC governments to continue opening up and strengthening the region’s capital markets by removing constraints for green finance

Date: Dubai, UAE; July 11, 2024

News Highlights:

1. Investment in green projects coupled with sustainable finance could help the GCC countries to unlock up to US$2 trillion (Dh7.3 trillion) in GDP contribution by 2030;
2. Increasing recycling rates in the GCC to an achievable 40 percent would create about 50,000 new jobs to support a US$6 billion market;
3. Globally, an estimated investment of US$4.2 trillion per annum is required to meet the UN Sustainable Development Goals (SDGs). This looks achievable because the total financial assets industry is at US$379 trillion.
4. By End-2022, the global investments in sustainable assets touched US$30.3 trillion with non-US markets showing 20 percent growth in assets.

Investment in green projects coupled with sustainable finance could help the GCC countries to unlock up to US$2 trillion (Dh7.3 trillion) in GDP contribution by 2030, if investment opportunities are tapped across key industries, according to a recent report by Strategy& that recommends the GCC governments to open up the region’s capital markets to help accelerate investment in sustainable projects.

Continue reading Green investment in GCC could unlock up to US$2 trillion in GDP contribution by 2030, experts say at DSIG Conference →