Riyadh – Sharikat Mubasher: The Regional Voluntary Carbon Market Company (VCM), established by the Public Investment Fund (PIF) and Saudi Tadawul Group, announced new strategic partnerships with leading North American carbon market firms at CMF Select in New York. The collaborations aim to strengthen VCM’s global reach and expand access to high-quality carbon credits in Saudi Arabia, as per the company’s press release.

The partners include U.S.-based SINAI Technologies Inc. and Sequest, as well as Canadian trader McGill St Laurent Climate Solutions. Under exclusive arrangements, SINAI will provide its carbon accounting and decarbonization platform in Saudi Arabia, enabling organizations to measure and manage emissions with all data hosted locally. Sequest will deploy durable, scalable carbon removal projects in the Kingdom, while McGill St Laurent will offer nature-based carbon credits exclusively through VCM.

Fadi Saadeh, VCM Acting CEO, said the partnerships reflect growing international confidence in Saudi Arabia’s high-integrity voluntary carbon market. The collaborations are expected to deepen global participation and expand access to credible climate solutions in the region.

Launched in November 2024, VCM operates Saudi Arabia’s first voluntary carbon credit exchange, providing institutional-grade infrastructure, price discovery, and multiple trading mechanisms to support a transparent, scalable, and liquid carbon market.