Saudi Arabia opens doors to French investment, says investment minister
Saudi Investment Minister Fahd Al-Saif told a Paris roundtable that the Kingdom welcomes French investors and aims to deepen economic ties with France.
Saudi Arabia has implemented stringent new regulations that allow for fines of up to SR5 million for marine pollution violations. These revised executive regulations, approved by Environment Minister Abdulrahman Al Fadley, aim to strengthen the protection of the kingdom's delicate ecosystems. The penalties are determined by the severity of environmental damage and the extent of affected areas.
Offenders are required to rectify violations, repair damages, and pay compensation. Companies and individuals must promptly notify the National Centre for Environmental Compliance of incidents such as oil spills, leaks of harmful substances, lost cargo, or other events with potential environmental consequences. The rules prohibit the discharge of untreated wastewater and the dumping of various harmful materials into marine and coastal environments.
Additionally, hunting marine wildlife with explosives, toxic substances, or narcotics, and targeting endangered or protected species for hunting, except for licensed conservation, development, or scientific research, are also prohibited. Fishing with banned or modified equipment, and fishing during protected breeding, nesting, or growth seasons are also illegal.
The regulations further ban dropping anchors in unauthorized locations, particularly on sensitive habitats such as coral reefs, seagrass beds, and other protected areas. Activities requiring environmental permits, including marine and coastal tourism, transport and port operations, treated wastewater discharge, coastal mining, and vessel mooring facility construction or relocation, must comply with the new rules.
To further protect wildlife, coral reefs, turtles, and coastal vegetation, additional measures are established. The regulations also emphasize the importance of a swift response to environmental emergencies and disasters.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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