Saudi Arabia’s Rawabi, UK’s WWG form sustainability JV

AL KHOBAR, October 14, 2024 – Saudi Arabia’s Rawabi Holding Company has formed a joint venture in Saudi Arabia with UK-based sustainability fintech leader World Wide Generation (WWG), the Saudi company announced last week.

Rawabi also announced it had made a multimillion-GBP investment in WWG to become one of its shareholders.

The new venture will see Rawabi fast-track sustainability performance and financing, particularly in hard-to-abate sectors in Saudi Arabia and the wider Middle East and North Africa region, the company said.

It builds on the two companies’ existing partnership in streamlining and standardising sustainability reporting across Rawabi’s global operations, companies and projects using the G17Eco Platform.

Rawabi Holding’s companies include Rawabi Energy, a multifaceted energy company operating across the marine, oilfield, and safety and risk management segments of the global energy sector.

Read our latest interview with Ahmed AlQadeeb, managing director of Rawabi Energy, here.

London-headquartered WWG is a sustainability reporting fintech company, championing trusted data and measuring for impact, through ground-breaking tech solutions.

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