Saudi Arabia has unveiled a new environmental financing initiative worth SR1 billion ($266.6 million) The program is to encourage private sector participation in sustainable and eco-friendly projects.
The launch coincided with the unveiling of a new digital platform for the Incentives and Grants Program.
The Environmental Fund continues to develop and implement programs focused on protecting natural resources, reducing pollution, and raising environmental awareness.
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GM was honored by the National Biodiesel Board with an Innovation Award for the 2014 Chevrolet Cruze Clean Turbo Diesel.