RSG Calls for Private Sector Investment in Blue Tech to Protect Oceans
At the Future Investment Initiative in Riyadh, Raed Al-Basseet, the environment and sustainability officer at Red Sea Global, emphasized the crucial role of private sector firms in leading the way towards investing in blue tech for the preservation of the world’s oceans.
Al-Basseet urged businesses to adopt innovative approaches that contribute to environmental preservation, highlighting the importance of blue tech, which encompasses any innovation made for the sea.
He reiterated RSG’s commitment to sustainability and how it positively impacts the project’s return on investment, urging the private sector to take the first steps in investing in cutting-edge environmental preservation approaches.
According to Al-Basseet, enhancing the environment and conservation is not only the right thing to do for the private sector but also leads to tangible benefits and returns on investment for developers and companies.
Emphasizing RSG’s dedication to environmentalism, Al-Basseet stated that sustainability is ingrained in the company’s DNA, influencing every aspect of their activities from master planning and development to operations.
He stressed that the long-term success of projects hinges on preserving natural assets, making sustainability a core component for achieving favorable outcomes.
Al-Basseet highlighted RSG’s significant investment in blue tech, noting that such investments require the support of various stakeholders, with the private sector playing a crucial role in driving innovation.
He also discussed the company’s efforts in coral conservation, highlighting their support for ongoing research in the Red Sea region.