Media ININ Economy We Trust
Media IN Riyadh, July 14, 2019, SPA
The National Waste Management Center, the Riyadh Municipality and the Saudi Investment Recycling Company, a wholly owned subsidiary of the Public Investment Fund, signed a tripartite memorandum of understanding (MoU) today, to start integrated waste management and waste recycling activities in Riyadh.
Under the MoU, the three parties will jointly work on the execution of the overall waste management strategy for Riyadh to achieve a set of strategic objectives for recycling by 2035.
This notably includes the recycling of 81 per cent of the 3.4 million tons of annually produced municipal solid waste and 47 per cent of the approximately five million tons of construction and demolition waste per year.
The strategy further aims to the removal and recycling of an estimated 20 million tons of construction and demolition waste that is currently lying in vacant plots and on roadsides around the capital.
As part of an integrated waste management system, the Saudi Investment Recycling Company will build state-of-the-art recycling facilities to recycle all types of waste.
This includes the recycling of municipal waste into recyclables such as fertilizer, paper, plastics and metals.
The first initiative within the framework agreement will be the recycling of construction and demolition waste into building materials for road construction and housing projects followed by the construction of a sorting facility for municipal waste, in conjunction with the Mayor of Riyadh region project “City without bins”, which aims at the dual source-sorting of household waste in Riyadh.
