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  2. Al Mushaiti: environmental compliance investments worth SAR 6 billion

Al Mushaiti: environmental compliance investments worth SAR 6 billion

NOHA.GAD
Feb 26, 2024
Investments opportunities in environmental compliance projects until 2030 worth SAR 6 billion

Riyadh - Sharikat Mubasher: The total volume of investments in environmental compliance projects until 2030 worth around SAR 6 billion, Saudi Vice Minister of Environment, Water, and Agriculture Mansour Al Mushaiti revealed.

During his speech at the Environmental Compliance Forum 2024, Al Mushaiti said the ministry provided sustainable solutions, in partnership with the private sector, to achieve eco-friendly development objectives either by increasing compliance levels with environmental standards or investing in the environment sector.

He added that the National Center for Environmental Compliance plans to increase incentives and opportunities that attract investments to environmental services projects.

Al Mushaiti noted that the Environmental Compliance Forum underscores the importance of cooperation to create a sustainable environment, improve the quality of life, raise performance levels, and upgrade services provided for beneficiaries.

The inaugural edition of the Environmental Compliance Forum 2024 takes place in Riyadh from 25 to 26 February 2024 to highlight strategic topics related to environmental sustainability.

It targets developing a comprehensive vision for the development of the environmental sector between the governmental, private, and non-profit sectors.

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Huspy closes $59mn series B round to expand in Europe, Middle East
Dubai - Sharikat Mubasher: Huspy, the leading proptech company reshaping the home buying experience, successfully closed a $59 million series B round led by Balderton Capital, with participation from Peak XV, ExBorder Partners, Turmeric Capital, BY Ventures, Dara Management, and KE Partners.Huspy will utilize the new capital to fuel its expansions across the Middle East and Europe and boost investment in technology, the company announced in a press release today.This year, Huspy plans to expand into Saudi Arabia, bringing its total footprint to ten cities globally. It also aspires to launch operations in most major cities in Europe and the Middle East within the upcoming four years.To support this expansion, Huspy is hiring across expansion and technology-specific roles, attracting global talent from leading companies in technology and real estate.Jad Antoun, Co-founder and CEO of Huspy, affirmed the company’s commitment to providing the best infrastructure for real estate agents and mortgage brokers, enabling them to grow their businesses and serve home buyers and sellers in the best way possible. “After four years of investing in our systems, we are now able to operate with a lot of agility, allowing us to expand the business at a high growth rate for years to come,” he said.For her part, Rana Yared, General Partner at Balderton Capital, commented: “We are pleased to renew our partnership with Huspy by leading this round. The team is building technology that modernizes real estate and mortgage businesses, allowing brokers to reap substantial efficiency gains that translate into serving more clients better.”Facilitating over $7 billion in real estate transactions annually in Europe and the Middle East, Huspy is one of the fastest-growing proptech companies in the UAE with a robust presence in Spain. Its mortgage unit is the largest in the UAE, processing over 25% of all residential home financing in Dubai.
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