IslamicFinance.de

In early March, the Saudi Presidency of Meteorology and Environment (PME) announced a decree giving all companies five years to meet new air, water and noise pollution standards. All projects must fit into Saudi's plan for international development, and must meet international benchmarks standards as part of the PME's environmental plan to protect Saudi's health and natural resources. The new regulations are wide-reaching, addressing soil and land preservation, noise pollution from operating machinery, hazardous and radioactive waste that enters Saudi Arabia's coastal waters and other harmful pollutants. Companies refusing to comply with Saudi Arabia's new standards within five years will see their projects shut down and suspended for three months.