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Green roofs may be considered a passive energy saving technology that also offer benefits like environmental friendliness and enhancement of aesthetic and architectural qualities of buildings. This paper examines the energy and economic viability of the green roof technology in the hot humid climate of Saudi Arabia by considering a modern four bedroom residential building in the city of Dhahran as a case study. The base case and green roof modelling of the selected building has been developed with the help of DesignBuilder software. The base case model has been validated with the help of 3-month measured data about the energy consumption without a green roof installed. The result shows that the energy consumption for the base case is 169 kWh/m2 while the energy consumption due to the application of a green roof on the entire roof surface is 110 kWh/m2. For the three investigated green roof options, energy saving is found to be in the range of 24% to 35%. The economic evaluation based on the net present value (NPV) approach for 40 years with consideration to other environmental advantages indicates that the benefits of the green roof technology are realized towards the end of the life cycle of the building.