Signing the agreement
Saudi Ports Authority (MAWANI) and Global Environmental Management Services (REVIVA), a subsidiary of Saudi Investment Recycling Co. (SIRC), signed today, June 23, a contract to establish a marine and industrial waste recycling complex at the Jeddah Islamic Port.
The total investment value is SAR 30 million, and the facility will span 10,000 square meters (sqm), MAWANI said in a statement.
The complex will contribute to further increasing the utilization of waste, transforming it into valuable resources, and building a prosperous circular economy in the Kingdom, by providing comprehensive solutions for waste management and recycling.
In addition, it will contribute to industrial maintenance services, sub-product recycling, and transportation services, which leads to reducing the size of waste generated to the lowest level, improving waste management processes and preserving the environment, the statement added.
The move falls within the framework of MAWANI’s efforts to enhance environment sustainability, maintain the integrity of the marine environment, and build a sustainable maritime sector, which strengthens the Kingdom’s position as a global logistics hub that connects three continents, in line with the National Transport and Logistics Strategy and the Green Ports Initiative.
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