logo-en
  • Home
  • Companies
  • Investors
  • Opportunities
    • Home
    • SME Loans
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. MAWANI, REVIVA close deals for waste recycling complex in Jeddah

MAWANI, REVIVA close deals for waste recycling complex in Jeddah

KHOLOUD.HUSSEIN
Jun 24, 2024
The facility shall extend on a 10,000 square-meter space
Riyadh - Sharikat Mubasher: Saudi Ports Authority (MAWANI) and Global Environmental Management Services (REVIVA), a subsidiary of Saudi Investment Recycling Co. (SIRC), inked a SAR 30 million (USD 8 million) contract to construct a marine and industrial waste recycling complex at the Jeddah Islamic Port.
The facility shall extend on a 10,000 square-meter space, according to a statement by MAWANI.
The agreement was signed by Omar bin Talal Hariri, Head of MAWANI, and Ziad bin Mohammed Al-Shiha, CEO of SIRC in the presence of other officials.
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, leading to the decrease of the size of waste generated to the lowest level, which improves waste management processes and preserving the environment, the statement added.
This comes as part of MAWANI’s efforts to enhance environment sustainability, maintain the integrity of the marine environment, and build a sustainable maritime sector, which bolster 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.

Tags

Share

Attract clients with your ad

Start Now

Trending

NTDP launches ‘Future of Living’ proptech accelerator to support 10 startups
MUBASHER.SA
IHC acquires eFunder, rebrands as Zelo to boost SME financing in UAE
MUBASHER
E-commerce market increases demand for Grade A warehousing in Kingdom
MUBASHER.SA
Shareek, SDAIA sign MoU to advance Saudi AI and data innovation
MUBASHER.SA
Nesma & Partners completes acquisition of Al Yusr Industrial Contracting
MUBASHER.SA

Related News

Private Equities News
Calendar Icon
Jul 16, 2025
E-commerce market increases demand for Grade A warehousing in Kingdom
Read More
Private Equities News
Calendar Icon
Jul 16, 2025
Shareek, SDAIA sign MoU to advance Saudi AI and data innovation
Read More
Private Equities News
Calendar Icon
Jul 16, 2025
Nesma & Partners completes acquisition of Al Yusr Industrial Contracting
Read More
Private Equities News
Calendar Icon
Jul 16, 2025
Tuwaiq Academy, Google Cloud launch ‘3,000 Developers Initiative’
Read More
Private Equities News
Calendar Icon
Jul 15, 2025
EEP to launch, operate schools in Riyadh starting 2026
Read More
Private Equities News
Calendar Icon
Jul 15, 2025
Mastercard renews partnership with 2025 Esports World Cup in Riyadh
Read More
Private Equities News
Calendar Icon
Jul 15, 2025
Uber unveils new product to empower women in Saudi Arabia
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • Opportunities
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher