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  1. Mubasher News
  2. Modon allocates land for Wazeen’s $7.5mn project

Modon allocates land for Wazeen’s $7.5mn project

NOHA.GAD
Jul 9, 2024
Modon allocated 11,000 square meters of land for Wazeen to establish waste treatment facility with investments exceeding SAR 28 million

Riyadh - Sharikat Mubasher: The Saudi Authority for Industrial Cities and Technology Zones (Modon) concluded a deal to allocate 11,000 square meters of land in Jeddah's Third Industrial City for Medical Waste Treatment Company (Wazeen), the authority announced in a statement.

Wazeen will establish an advanced facility for medical hazardous waste treatments with investments exceeding SAR 28 million (around $7.5 million).

Wazeen is a subsidiary of the Saudi Investment Recycling Company (SIRC) that specializes in managing hazardous medical waste. It was founded in 2022 to develop, operate, and finance various activities focused on medical hazardous waste (MHW) and upgrade medical waste solutions.

SIRC, wholly owned by the Public Investment Fund (PIF), aims to develop, own, operate, and finance various activities across all waste types in Saudi Arabia, in conjunction with Vision 2030’s objectives.

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Saudi Arabia
Waste management
Treatment
Modon
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