logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  1. Mubasher News
  2. SIRC pacts with THC to advance sustainability in aviation sector

SIRC pacts with THC to advance sustainability in aviation sector

NOHA.GAD
Jan 20, 2025
SIRC and The Helicopter Company signed an MoU to advance sustainability in aviation sector

Riyadh - Sharikat Mubasher: The Helicopter Company (THC), a premier commercial helicopter operator in Saudi Arabia, signed a memorandum of understanding (MoU) with the Saudi Investment Recycling Company (SIRC) to advance sustainable aviation initiatives.

This partnership aims to enhance waste management and recycling practices in addition to promoting a greener environment in alignment with Saudi Vision 2030, THC announced in a recent statement.

The MoU reflects the shared commitment of both parties to providing sustainable aviation solutions and advanced services that contribute to reducing the environmental impact. It also targets promoting technology-driven operations and helping THC expand its scope to cover new sectors.

Arnaud Martinez, CEO of THC, emphasized the company’s dedication to effectively reducing the carbon footprint of its operations.

He noted that the agreement aims to transform ambitious ideas into tangible achievements that contribute to creating a sustainable future for the aviation industry.

In turn, Ziyad Alshiha, CEO of SIRC, stated that the collaboration aims to drive innovation, reduce emissions, ensure long-term environmental safety for the sector, and promote a sustainable future, ultimately positioning Saudi Arabia at the forefront of the global green economy.

THC, wholly owned by the Public Investment Fund (PIF), aims to activate new sectors in Saudi Arabia in line with Vision 2030 by creating a new ecosystem for general aviation services and introducing safe and efficient transport services across the Kingdom.

Tags

Saudi Arabia
Aviation sector
Sustainability
Innovation
Carbon footprint
Share

Attract clients with your ad

Start Now

Trending

Positive Zero secures landmark $375mn financing facility
Riyadh – Sharikat Mubasher: Positive Zero, an energy transition platform in the GCC, announced it has successfully closed a financing facility of up to $375 million to support the expansion of its decentralized infrastructure portfolio across the region.As per the company’s press release, the non-recourse financing is described as the first transaction of its kind in the Middle East for a diversified portfolio of decentralized infrastructure assets, including distributed solar power generation, energy efficiency, and clean mobility solutions.The long-term facility was arranged by Natixis Corporate & Investment Banking and The Arab Energy Fund. Natixis CIB also acted as financial advisor, facility agent, security agent, and green loan coordinator for the transaction.The funding will support Positive Zero’s expansion in the United Arab Emirates, Saudi Arabia, Bahrain, Oman, and Qatar, financing growth in its distributed infrastructure portfolio, capital expenditure program, and strategic development initiatives.The new facility complements BlackRock's investment of up to $400 million in Positive Zero, secured in 2023.Positive Zero said it currently has more than 500 megawatts of distributed solar capacity in operation or under construction, helping avoid more than 450,000 metric tons of carbon emissions annually.
Inception42 signs strategic AI collaboration agreement with NXT Holding
MUBASHER
Ra’idah Program returns to empower women entrepreneurs in Abu Dhabi
MUBASHER
ADI Chain secures strategic $50mn investment to expand blockchain infrastructure
MUBASHER
Spare, Xsquare launch ‘Pay by Bank’ solution for UAE businesses
MUBASHER

Related News

Private Equities News
Calendar Icon
Jul 13, 2026
Positive Zero secures landmark $375mn financing facility
Read More
Private Equities News
Calendar Icon
Jul 13, 2026
Inception42 signs strategic AI collaboration agreement with NXT Holding
Read More
Private Equities News
Calendar Icon
Jul 13, 2026
Ra’idah Program returns to empower women entrepreneurs in Abu Dhabi
Read More
Private Equities News
Calendar Icon
Jul 12, 2026
Flat6Labs selects 26 Egyptian SMEs for GGJAP
Read More
Private Equities News
Calendar Icon
Jul 12, 2026
E-commerce, logistics registers in Saudi Arabia rise by over 20% in Q2-26
Read More
Private Equities News
Calendar Icon
Jul 12, 2026
MetaProp, DFDF team up to support real estate technology
Read More
Private Equities News
Calendar Icon
Jul 12, 2026
Saudi Arabia issues over 71K commercial registers in Q2-26; construction sector leads
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
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher