RiyadhVCM and ROSHN Group Partner to Develop Carbon Credit Framework for Real Estate Sector

The Regional Voluntary Carbon Market Company (RiyadhVCM) has entered into a strategic collaboration with ROSHN Group to explore the development of high-integrity carbon credits within the Kingdom’s real estate sector.

The partnership aims to evaluate and structure carbon credit generation opportunities aligned with ROSHN Group’s broader sustainability objectives. The initial phase will focus on assessing emissions reduction potential from water-saving technologies embedded across the developer’s projects.

Building a Carbon Framework for Real Estate

Under the collaboration, RiyadhVCM will provide advisory support spanning carbon market structuring, credit issuance, and project design. The objective is to translate ROSHN Group’s sustainable development practices — including efficiency measures across its core real estate assets — into tradable carbon instruments.

The framework is expected to enable ROSHN Group’s participation in Saudi Arabia’s expanding voluntary carbon market while unlocking alternative financing mechanisms tied to carbon performance. The initiative aligns with the Kingdom’s push to embed sustainability across infrastructure and urban development.

Fadi Saadeh, Acting CEO and Head of Technology at RiyadhVCM, stated that the real estate sector plays a pivotal role in Saudi Arabia’s development ambitions and that integrating sustainability at its core is essential. He noted that carbon market mechanisms can serve as practical tools to accelerate sector-wide decarbonization.

Strengthening Saudi Arabia’s Voluntary Carbon Market

The collaboration reflects RiyadhVCM’s continued efforts to expand participation across sectors in Saudi Arabia’s voluntary carbon market ecosystem, supporting the country’s broader net-zero objectives.